NEW YORK, Sept. 27, 2021 /PRNewswire/ -- The collaborative robots market is set to grow by USD 1.09 billion, progressing at a CAGR of 16.08% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Scope of Collaborative Robots Market Report:
Report coverage | Details |
Base Year | 2020 |
Forecast Period | 2021-2025 |
Incremental Growth | $ 1.09 billion |
CAGR | Accelerating at 16.08% |
No. of Pages | 120 |
Segmentation | By geography:- · Europe · APAC · North America · South America · MEA By application:- · Material handling · Assembly · Inspection and testing · Welding · Painting and dispensing |
Drivers | · Increased adoption rate in SME sector · Advantages of collaborative robots over industrial robots · Acquisitions and strategic partnerships among key market players |
Challenges | · Regulatory hurdles faced by vendors · Traditional industrial robots equipped with required safety systems · Threat to new sales due to rise in rental services |
The increased adoption rate in the SME sector will offer immense growth opportunities. However, to leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Collaborative Robots Market 2021-2025: Segmentation
Collaborative Robots Market is segmented as below:
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Collaborative Robots Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, Technavio's collaborative robots market report provides a detailed analysis of vendors operating in the market. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., FANUC Corp., Festo SE and Co. KG, Fiat Chrysler Automobiles NV, Hans Laser Technology Industry Group Co. Ltd., Kawasaki Heavy Industries Ltd., Robert Bosch GmbH, Staubli International AG, Teradyne Inc., and Yaskawa Electric Corp. are some of the major market participants.
The report also covers the following areas:
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Backed with competitive intelligence and benchmarking, our research report on the collaborative robots market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Collaborative Robots Market 2021-2025: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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