Product Code: GVR-1-68038-371-3
Collaborative Robot Market Growth & Trends:
The global collaborative robot market size is anticipated to reach USD 11.64 billion by 2030, exhibiting a CAGR of 31.6% over the forecast period, according to a new report published by Grand View Research, Inc. The growth can be credited to the growing inclination of industries toward collaborative robots or cobots to automate manufacturing processes.
Over the past few years, the growing interest in robot technology across various industries has positively impacted the collaborative robots industry. Unlike conventional industrial robots, cobots are developed to operate at par with their human counterparts. They are mobile and can be easily moved from one area of a manufacturing facility to another. Moreover, they can be programmed with ease, are more cost-effective than their fixed counterparts, and can be used in a wide range of low-speed, repetitive applications.
The increasing need for highly efficient and user-friendly robots that do not require highly skilled experts for deployment and functioning has created a significant demand for software platforms. These platforms allow the integration of robots, motion control, and the generation of an interface that enables the programming of such robots. For instance, Mitsubishi Electric Corporation has launched a cobot named MELFA ASSISTA equipped with RT VisualBox, the company's engineering software. This software allows the intuitive creation of operating sequences by connecting block diagrams in a chain of events, including linking with other devices, such as cameras and the hands of the robot.
The increasing demand from industrial customers, researchers, and engineers further strengthens the outlook of the collaborative robots industry. These robots are being deployed across various industries and have been highly influential in addressing the challenges faced by the logistics sector, such as complex work processes, and managing several tasks in different combinations and compact spaces.
Collaborative Robot Market Report Highlights:
- By payload capacity, the up to 5kg segment accounted for the largest market share of over 43% in 2024. The growth is attributable to the increasing demand for enhanced in-building wireless connectivity catalyzed by the burgeoning number of smartphone users and data-intensive applications.
- The assembly segment accounted for the largest market share in 2024, driven by the increasing adoption of collaborative robots (cobots) for tasks such as nut driving, bolting, and part fitting.
- The automotive segment dominated the market in 2024, owing to its extensive adoption of automation technologies. Collaborative robots are particularly valuable in this sector for tasks such as assembly, welding, and painting, where they enhance productivity and ensure precision.
- The European collaborative robots is expected to grow at the significant CAGR of over 30% from 2025 to 2030, driven by government initiatives promoting industrial automation and sustainability.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.2.1. Information analysis
- 1.2.2. Market formulation & data visualization
- 1.2.3. Data validation & publishing
- 1.3. Research Scope and Assumptions
- 1.3.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Collaborative Robots Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Application Challenge
- 3.3. Collaborative Robots Market Analysis Tools
- 3.3.1. Application Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Collaborative Robots Market: Payload Capacity Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Collaborative Robots Market: Payload Capacity Movement Analysis, USD Million, 2024 & 2030
- 4.3. Up to 5kg
- 4.3.1. Up to 5kg Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 4.4. Up to 10kg
- 4.4.1. Up to 10kg Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 4.5. Above 10kg
- 4.5.1. Above 10kg Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
Chapter 5. Collaborative Robots Market: Industry Vertical Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Collaborative Robots Market: Industry Vertical Movement Analysis, USD Million, 2024 & 2030
- 5.3. Automotive
- 5.3.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 5.4. Food & Beverage
- 5.4.1. Food & Beverage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 5.5. Furniture & Equipment
- 5.5.1. Furniture & Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 5.6. Plastic & Polymers
- 5.6.1. Plastic & Polymers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 5.7. Metal & Machinery
- 5.7.1. Carrier Application Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 5.8. Electronics
- 5.8.1. Carrier Application Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 5.9. Pharma
- 5.9.1. Carrier Application Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 5.10. Others
- 5.10.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
Chapter 6. Collaborative Robots Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Collaborative Robots Market: Application Movement Analysis, USD Million, 2024 & 2030
- 6.3. Assembly
- 6.3.1. Assembly Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 6.4. Pick & Place
- 6.4.1. Pick & Place Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 6.5. Handling
- 6.5.1. Handling Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 6.6. Packaging
- 6.6.1. Packaging Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 6.7. Quality Testing
- 6.7.1. Quality Testing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 6.8. Machine Tending
- 6.8.1. Machine Tending Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 6.9. Gluing & Welding
- 6.9.1. Gluing & Welding Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
- 6.10. Others
- 6.10.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD million)
Chapter 7. Collaborative Robots Market: Regional Estimates & Trend Analysis
- 7.1. Collaborative Robots Market Share, By Region, 2024 & 2030, USD Million
- 7.2. North America
- 7.2.1. North America Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.2.3. Canada
- 7.2.3.1. Canada Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.3. Europe
- 7.3.1. Europe Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.3.2. UK
- 7.3.2.1. UK Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.3.3. Germany
- 7.3.3.1. Germany Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.3.4. France
- 7.3.4.1. France Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.4.2. China
- 7.4.2.1. China Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.4.3. Japan
- 7.4.3.1. Japan Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.4.4. India
- 7.4.4.1. India Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.4.6. Australia
- 7.4.6.1. Australia Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.5. Latin America
- 7.5.1. Latin America Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.6.2. UAE
- 7.6.2.1. UAE Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Saudi Arabia Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Collaborative Robots Market Estimates and Forecasts, 2018 - 2030 (USD million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. ABB Group
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. DENSO Corporation
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. Epson America Inc.
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. Comau S.p.A.
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Energid Technologies Corporation
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Fanuc Corporation
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. KUKA AG
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Rethink Robotics GmbH
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Robert Bosch GmbH
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives
- 8.4.11. Techman Robot Inc.
- 8.4.11.1. Participant's Overview
- 8.4.11.2. Financial Performance
- 8.4.11.3. Product Benchmarking
- 8.4.11.4. Strategic Initiatives
- 8.4.12. Universal Robots
- 8.4.12.1. Participant's Overview
- 8.4.12.2. Financial Performance
- 8.4.12.3. Product Benchmarking
- 8.4.12.4. Strategic Initiatives
- 8.4.13. Yaskawa Electric Corporation
- 8.4.13.1. Participant's Overview
- 8.4.13.2. Financial Performance
- 8.4.13.3. Product Benchmarking
- 8.4.13.4. Strategic Initiatives
- 8.4.14. Precise Automation, Inc.
- 8.4.14.1. Participant's Overview
- 8.4.14.2. Financial Performance
- 8.4.14.3. Product Benchmarking
- 8.4.14.4. Strategic Initiatives
- 8.4.15. MRK-Systems GmbH
- 8.4.15.1. Participant's Overview
- 8.4.15.2. Financial Performance
- 8.4.15.3. Product Benchmarking
- 8.4.15.4. Strategic Initiatives