Total Sales of Collaborative Robots Anticipated to Reach over 1 Million Units by 2024

The market report published by Goldstein Research on global collaborative robots market shows the size of collaborative robots market expected to reach USD 15.2 billion by 2024 from USD 0.79 billion in 2016, growing at a CAGR of 44.72% during the forecast period (2016-2024). Total collaborative robots accounts accounted for 3% of the total robot units sold in 2015 and by the end of 2024 total sales of collaborative robots is anticipated to reach 400.0 million units.

Further, Global collaborative robots (cobots) market segmentation has been done on the basis of pay-load capacity, application, end user and geography. Based on applications, automotive industry accounted for highest market share of +45.0% in 2016 in the application of collaborative robots, followed by electronics industry. Geographically, global collaborative robots industry is dominated by Europe region, followed by North America and Asia Pacific market share. Rising penetration of industrial automation in Asia Pacific region is leading the growth prospects of Cobots market in the region.

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Market Segmentation

Global Collaborative Robots Market can be segmented as follows:

Based on Pay Load Capacity

• Up to 5 Kg
• Up to 10 Kg
• Above 10 Kg

Based on Application

• Handling Robots
• Packaging Robots
• Pick and Place Robots
• Quality Testing Robots
• Welding Robots
• Others( Gluing, Machine Tending) Robots

Based on End-User

• Automotive
• Metal and Machining
• Furniture and Home Equipment
• Food and Beverages
• Electronics & Technology
• Plastic and Polymers
• Others (Pharma& Chemistry)

By Region

• North America
• Europe
• Middle East and Africa
• Latin America
• Asia Pacific
• Rest of the World

Global Collaborative Robots Market report by Goldstein Research contains detailed overview of the global collaborative robots market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by pay-load capacity, application and end user.

Key players discussed in Global Collaborative Robots Market Report are:

• Robert Bosch GmbH
• ABB Ltd.
• KUKA AG
• Universal Robots
• FANUC Corporation

Further, the Global Collaborative Robots Market Report includes competitive outlook of some of the major players, business strategies, revenue distribution, products, services and industries catered and financial analysis of the company. The report also highlights the market dynamics (growth drivers, restraints, trends and opportunities), market size, market share and Y-O-Y growth rate of current and forecast period. The SWOT & PESTLE analysis of the market is also discussed for the target and potential markets.

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