Global Collaborative Robot (Cobot) Market: 2018-2023
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Global Collaborative Robot Market

Global Collaborative Robot (Cobot) Market: Focus on Industry and Application - Analysis and Forecast, 2018-2023

In 2017, the collaborative robot market accounted for a market value of $283.7 million which is anticipated to grow with 63.95% CAGR from 2018 to 2023.

SKU: AD015B
Published Year: 2018
 
 

Collaborative robot market is anticipated to exhibit fast-paced growth during the forecast period 2018-2023. In the recent years, there have been several new product launches in the market, and a collaborative robot market has undergone a paradigm shift on the technological aspect. Furthermore, the prices of collaborative robots have also declined substantially which have resulted in a quick return on investment and cost-effective performance of these robots. The demand for collaborative robots across several industries has witnessed a significant rise in the recent years, and the trend is anticipated to continue in the next few years, owing to their high accuracy and declining cost. The rising number of industries moving to automation across emerging nations and robotic application gaining traction is expected to open several new opportunities for the collaborative robot market in the years to come. 

The major industries where collaborative robots are used include includes automotive, electrical, electronics & semiconductor, plastics & polymers, pharma & chemistry, food & beverage, aerospace & defense, metal & machining, others, among others. Major applications where collaborative robots are used include material handling, small parts assembly, CNC machine tending, molding operations, test & inspection, gluing, dispensing, welding, packaging & palletizing, screw driving, and polishing, among others. 

The following points provide a concrete description of the report content and the topics covered in the report:

•    This report identifies the collaborative robot market in different segments such as industry, application, and geography.
•    The study includes the market analysis and forecast of the global collaborative robot market from 2018 to 2023 in terms of value. The report also highlights the year-on-year growth of the market.
•    The study talks about the prime supply-side factors affecting the growth of the market along with the current and future trends in the collaborative robot market.
•    The study also presents a detailed examination of the collaborative robot market along the lines of market drivers, restraints, growth opportunities, and challenges.
•    The study provides a detailed analysis of industry attractiveness through Porter’s Five Forces analysis.
•    The report also highlights the value chain of the overall collaborative robot industry.
•    Detailed competitive analysis has been included in this report which focuses on the key developments & strategies, followed by the players, in the market. Additionally, analysis of their position in the market is also provided.
•    The report also provides a detailed study of different industries in which collaborative robot is being used, such as automotive, electrical, electronics & semiconductor, plastics & polymers, pharma & chemistry, food & beverage, aerospace & defense, metal & machining, and others.
•    In this report, various applications of collaborative robot market have also been studied. The applications include material handling, small parts assembly, CNC machine tending, molding operations, test & inspection, gluing, dispensing, welding, packaging & palletizing, screw driving, polishing, and others.
•    The collaborative robot market has been analyzed for all the geographies including North America, Europe, Asia-Pacific, and Rest-of-the-World and further analysis with respect to several major countries.
•    The key market players are analyzed and profiled in detail in the Company Profiles section of the report. This section covers the business financials, company snapshots, key products & services, major developments, and finally, the individual SWOT analysis.

   Executive Summary
   1   Market Dynamics
        1.1   Market Drivers
                1.1.1   Rising Market Penetration of Collaborative Robots across Multiple Applications
                1.1.2   Increased Productivity at Workplace
                1.1.3   Declining Prices and Quick Return on Investment
                1.1.4   Minimal Infrastructure and Flexible Operation of Collaborative Robots
        1.2   Restraints
                1.2.1   Technological Challenges for Compliance
                1.2.2   Lack of Capabilities Related to the Faster Cycle Time
        1.3   Opportunities
                1.3.1   Emerging Automation Driven Industries in Developing Countries
                1.3.2   Rising Demand for Collaborative Robots with High Payload Capacity
 
   2   Competitive Insights
        2.1   Competitive Landscape
        2.2   Business Strategy Excellence and Market Synergies
                2.2.1   Product Launches
                2.2.2   Partnerships, Agreements and Collaborations
                2.2.3   Acquisitions
                2.2.4   Others
        2.3   Competitive Leadership Mapping (Visionary Leaders, Dynamic Differentiators, Innovators, Emerging Companies)
        2.4   Market Share Analysis
        2.5   Competitive Benchmarking Map
        2.6   Product Pricing Analysis
 
   3   Industry Analysis
        3.1   Key Industry Safety Standards and Patents
                3.1.1   Key Industry Safety Standards
                3.1.2   Patent Analysis
        3.2   Value Chain Analysis
        3.3   Industry Attractiveness: Five Forces Analysis
                3.3.1   Threat of New Entrants
                3.3.2   Threat of Substitutes
                3.3.3   Bargaining Power of Suppliers
                3.3.4   Bargaining Power of Buyers
                3.3.5   Intensity of Competitive Rivalry
 
   4   Global Collaborative Robot Market, 2018-2023
        4.1   Assumptions and Limitations
        4.2   Market Overview
 
   5   Global Collaborative Robot Market by Industry
        5.1   Market Overview
        5.2   Automotive
        5.3   Electrical, Electronic, and Semiconductor
        5.4   Plastic and Polymer
        5.5   Pharma and Chemistry
        5.6   Food and Beverage
        5.7   Aerospace and Defense
        5.8   Metal and Machining
        5.9   Other
 
   6   Global Collaborative Robots Market by Application
        6.1   Market Overview
        6.2   Material Handling
        6.3   Small Parts Assembly
        6.4   CNC Machine Tending
        6.5   Molding Operations
        6.6   Test and Inspection
        6.7   Packaging and Palletizing
        6.8   Polishing
        6.9   Screw Driving
        6.10 Gluing, Dispensing, and Welding
        6.11  Other
 
   7   Collaborative Robot Market by Region
        7.1   Market Overview
        7.2   North America
                7.2.1   North America Collaborative Robot Market Size by Country
                           7.2.1.1   The U.S.
                           7.2.1.2   Canada
        7.3   Europe
                7.3.1   Europe Collaborative Robot Market Size (by Country)
                           7.3.1.1   The U.K.
                           7.3.1.2   Germany
                           7.3.1.3   France
                           7.3.1.4   Italy
                           7.3.1.5   Spain
                           7.3.1.6   Poland
        7.4   Asia-Pacific
                7.4.1   Asia-Pacific Collaborative Robot Market Size by Country
                          7.4.1.1   China
                          7.4.1.2   India
                          7.4.1.3   South Korea
                          7.4.1.4   Japan
                          7.4.1.5   Australia
        7.5   Rest-of-the-World (ROW)
 
   8   Company Profiles
        8.1    Overview
        8.2    ABB Robotics
                 8.2.1    Company Overview
                 8.2.2    Product Offerings
                 8.2.3    Financials
                             8.2.3.1    Financial Summary
                 8.2.4    SWOT Analysis
        8.3    AUBO Robotics
                8.3.1    Company Overview
                8.3.2    Product Offerings
                8.3.3    SWOT Analysis
       8.4    Bosch Rexroth AG
                8.4.1    Company Overview
                8.4.2    Product Offerings
                8.4.3    Financials
                            8.4.3.1    Financial Summary
                8.4.4    SWOT Analysis
       8.5    Comau SpA
                8.5.1    Company Overview
                8.5.2    Products Offerings
                8.5.3    SWOT Analysis
       8.6    DENSO WAVE INCORPORATED
                8.6.1    Company Overview
                8.6.2    Products Offerings
                8.6.3    Financials
                            8.6.3.1    Financial Summary
                8.6.4    SWOT Analysis
       8.7    Fanuc Corporation
                8.7.1    Company Overview
                8.7.2    Product Offerings
                8.7.3    Financials
                            8.7.3.1    Financial Summary
                8.7.4    SWOT Analysis
       8.8    KUKA AG
                8.8.1    Company Overview
                8.8.2    Product Offerings
                8.8.3    Financials
                            8.8.3.1    Financial Summary
                8.8.4    SWOT Analysis
       8.9    NACHI-FUJIKOSHI CORP.
                8.9.1    Company Overview
                8.9.2    Products Offerings
                8.9.3    Financials
                            8.9.3.1    Financial Summary
                8.9.4    SWOT Analysis
     8.10    Precise Automation, Inc.
                8.10.1    Company Overview
                8.10.2    Products Offerings
                8.10.3    SWOT Analysis
     8.11    Productive Robotics, Inc.
                8.11.1    Company Overview
                8.11.2    Products Offerings
                8.11.3    SWOT Analysis
     8.12    Rethink Robotics
                8.12.1    Company Overview
                8.12.2    Product Offerings
                8.12.3    SWOT Analysis
     8.13    Seiko Epson Corporation
                8.13.1    Company Overview
                8.13.2    Products Offerings
                8.13.3    Financials
                              8.13.3.1    Financial Summary
                8.13.4    SWOT Analysis
     8.14    Techman Robots
                8.14.1    Company Overview
                8.14.2    Product Offerings
                8.14.3    Financials
                              8.14.3.1    Financial Summary
                8.14.4    SWOT Analysis
     8.15    Universal Robots A/S
                8.15.1    Overview
                8.15.2    Product Offerings
                8.15.3    Financials
                              8.15.3.1    Overall Financials
                              8.15.3.2    Financial Summary
                8.15.4    SWOT Analysis
     8.16    Yaskawa Electric Corporation
                8.16.1    Company Overview
                8.16.2    Product Offerings
                8.16.3    Financials
                              8.16.3.1    Financial Summary
                8.16.4    SWOT Analysis
     8.17    Key Emerging Startups
 
  9    Research Scope & Methodology
        9.1    Scope of the Report
        9.2    Global Collaborative Robot Market Research Methodology

 10    Appendix
         10.1    Related Reports
 
List of Tables

Table 2.1   Product Pricing Analysis
Table 3.1   Key Industry Safety Standards: Global Collaborative Industrial Robot Market
Table 3.2   Patent Analysis: Mobile Collaborative Robot
Table 3.3   Patent Analysis: Collaborative Robot System and Method
Table 3.4   Patent Analysis: Calibration and Programming of Robots
Table 3.5   Patent Analysis: Human-Collaborative Robot System
Table 3.6   Analyzing Threat Factors from New Entrants
Table 3.7   Analyzing Threat from Substitute Products or Services
Table 3.8   Analyzing Bargaining Power of Suppliers
Table 3.9   Analyzing Bargaining Power of Buyers
Table 3.10   Analysing Intensity of Competitive Rivalry
Table 5.1   Global Collaborative Robot Market by Industry 2017-2023
Table 5.2   Applications Undertaken by Collaborative Robots in Automotive Industry
Table 5.1   Global Collaborative Robot Market by Application 2017-2023
Table 7.1   Global Collaborative Robot Market Size by Geography, 2017-2023
Table 8.1   ABB Robotics- Key Developments
Table 8.2   AUBO Robotics- Key Developments
Table 8.3   Bosch Rexroth AG- Key Developments
Table 8.4   Comau SpA - Key Developments
Table 8.5   DENSO WAVE INCORPORATED – Key Developments
Table 8.6   Fanuc Corporation – Key Developments
Table 8.7   KUKA AG – Key Developments
Table 8.8   NACHI-FUJIKOSHI CORP.– Key Developments
Table 8.9   Precise Automation: Key Developments
Table 8.10   Productive Robotics, Inc. – Key Developments
Table 8.11   Rethink Robotics – Key Developments
Table 8.12   Seiko Epson Corporation – Key Developments
Table 8.13   Techman Robots – Key Developments
Table 8.14   Universal Robots A/S – Key Developments
Table 8.15   Yaskawa Electric Corporation – Key Developments
Table 8.16   Key Emerging Start-ups
 
List of Figures

Figure 1   Global Industrial Robots Market by End User, 2016
Figure 2   Limitations of Industrial Robots
Figure 3   Advantages of Collaborative Robots
Figure 4   Factors Driving Collaborative Robot Market
Figure 5   Global Collaborative Robot Market Snapshot, 2017-2023
Figure 6   Global Collaborative Robot Market Size by Application, 2017 and 2023
Figure 7   Global Collaborative Robot Market Size by Industry, 2017 and 2023
Figure 8   Global Collaborative Robot Market Size by Region, 2017
Figure 1.1   Market Dynamics Snapshot
Figure 1.2   Impact Analysis on Market Drivers
Figure 1.3   Impact Analysis on Market Restraints
Figure 1.4   Impact Analysis on Market Opportunities
Figure 1.5   Sales of Robots Across Different End Users - 2016
Figure 1.6   Robots Shipment Across Different Regions – 2016
Figure 2.1   Some of the Organic and Inorganic Growth Strategies Adopted by the Key Players
Figure 2.2   Percentage Share of Strategies Adopted by the Market Players, 2015-2018
Figure 2.3   Product Launches by the Key Market Players, 2015-2018
Figure 2.4   Partnerships, Agreements, and Collaborations by Key Market Players, 2015-2018
Figure 2.5   Acquisitions by Key Market Players, 2015-2018
Figure 2.6   Other Developments by Key Market Players, 2015-2018
Figure 2.7   Global Collaborative Robot Market- Competitive Ranking
Figure 2.8   Market Share Analysis: Global Collaborative Robot Hardware Market, 2017
Figure 2.9   Global Collaborative Robot Market- Competitive Benchmarking
Figure 3.1   Value Chain Analysis
Figure 3.2   Porter’s Five Forces Analysis
Figure 4.1   Global Collaborative Robot Market Size, 2017-2023
Figure 5.1   Classification of Global Collaborative Robot Market by Industry
Figure 5.2   Global Collaborative Robot Market for Automotive Industry, 2017-2023
Figure 5.3   Global Collaborative Robot Market for Electrical, Electronic, and Semiconductor Industry, 2017-2023
Figure 5.4   Global Collaborative Robot Market for Plastic and Polymer Industry, 2017-2023
Figure 5.5   Global Collaborative Robot Market for Pharma and Chemistry Industry, 2017-2023
Figure 5.6   Global Collaborative Robot Market for Food and Beverage Industry, 2017-2023
Figure 5.7   Global Collaborative Robot Market for Aerospace and Defense Industry, 2017-2023
Figure 5.8   Global Collaborative Robot Market for Metal and Machining Industry, 2017-2023
Figure 5.9   Global Collaborative Robot Market for Other Industry, 2017-2023
Figure 6.1   Classification of Global Collaborative Robot Market by Application
Figure 6.2   Global Collaborative Robot Market for Material Handling, 2017-2023
Figure 6.3   Global Collaborative Robot Market for Small Parts Assembly, 2017-2023
Figure 6.4   Global Collaborative Robot Market for CNC Machine Tending, 2017-2023
Figure 6.5   Global Collaborative Robot Market for Molding Operations, 2017-2023
Figure 6.6   Global Collaborative Robot Market for Test and Inspection, 2017-2023
Figure 6.7   Global Collaborative Robot Market for Packaging and Palletizing, 2017-2023
Figure 6.8   Global Collaborative Robot Market for Polishing, 2017-2023
Figure 6.9   Global Collaborative Robot Market for Screw Driving, 2017-2023
Figure 6.10   Global Collaborative Robot Market for Gluing, Dispensing, and Welding 2017-2023
Figure 6.11   Global Collaborative Robot Market for Other 2017-2023
Figure 7.1   Classification of Global Collaborative Robot Market by Region
Figure 7.2   Geographic Distribution of Collaborative Robot Market, 2017 & 2023
Figure 7.3   North America Collaborative Robot Market Size by Country 2017-2023, ($Million),
Figure 7.4   U.S. Collaborative Robot Market ($Million), 2017-2023
Figure 7.5   Canada Collaborative Robot Market ($Million), 2017-2023
Figure 7.6   Europe Collaborative Robot Market Size by Country ($Million), 2017-2023
Figure 7.7   The U.K. Collaborative Robot Market ($Million), 2017-2023
Figure 7.8   Germany Collaborative Robot Market ($Million), 2017-2023
Figure 7.9   France Collaborative Robot Market ($Million), 2017-2023
Figure 7.10   Italy Collaborative Robot Market ($Million), 2017-2023
Figure 7.11   Spain Collaborative Robot Market ($Million), 2017-2023
Figure 7.12   Poland Collaborative Robot Market ($Million), 2017-2023
Figure 7.13   Asia-Pacific Collaborative Robot Market by Country, 2017-2023, ($Million)
Figure 7.14   China Collaborative Robot Market 2017-2023 ($Million),
Figure 7.15   India Collaborative Robot Market 2017-2023($Million),
Figure 7.16   South Korea Collaborative Robot Market ($Million), 2017-2023
Figure 7.17   Japan Collaborative Robot Market ($Million), 2017-2023
Figure 7.18   Australia Collaborative Robot Market ($Million), 2017-2023
Figure 7.19   ROW Collaborative Robot Market ($Million), 2017-2023
Figure 8.1   Share of Key Companies Profiles
Figure 8.2   ABB Robotics- Product Offerings
Figure 8.3   ABB Robotics – Overall Financials, 2015-2017
Figure 8.4   ABB Robotics – Revenue by Business Segment, 2015-2017
Figure 8.5   ABB Robotics – Revenue by Region, 2015-2017
Figure 8.6   SWOT Analysis – ABB Robotics
Figure 8.7   AUBO Robotics – Product Offerings
Figure 8.8   SWOT Analysis – AUBO Robotics
Figure 8.9   Bosch Rexroth AG – Product Offerings
Figure 8.10   Robert Bosch GmbH– Overall Financials, 2015-2017
Figure 8.11   Robert Bosch GmbH –Revenue by Business Segment, 2015-2017
Figure 8.12   Robert Bosch GmbH –Revenue by Region, 2015-2017
Figure 8.13   SWOT Analysis –Bosch Rexroth AG
Figure 8.14   Comau SpA – Product Offerings
Figure 8.15   SWOT Analysis – Comau SpA
Figure 8.16   DENSO CORPORATION – Product Offerings
Figure 8.17   DENSO CORPORATION – Overall Financials, 2016-2018
Figure 8.18   DENSO CORPORATION –Revenue by Business Segment, 2017-2018
Figure 8.20   DENSO CORPORATION –Revenue by Region, 2016-2018
Figure 8.21   SWOT Analysis – DENSO CORPORATION
Figure 8.22   Fanuc Corporation – Product Offerings
Figure 8.23   Fanuc Corporation – Overall Financials, 2015-2017
Figure 8.24   Fanuc Corporation –Revenue by Business Segment, 2015-2017
Figure 8.25   Fanuc Corporation –Revenue by Region, 2015-2017
Figure 8.26   SWOT Analysis – Fanuc Corporation
Figure 8.27   KUKA AG –Product Offerings
Figure 8.28   KUKA AG – Overall Financials, 2015-2017
Figure 8.29   KUKA AG – Revenue by Business Segment, 2015-2017
Figure 8.30   SWOT Analysis – KUKA AG
Figure 8.31   NACHI-FUJIKOSHI CORP. – Product Offerings
Figure 8.32   NACHI-FUJIKOSHI CORP. – Overall Financials, 2015-2017
Figure 8.33   NACHI-FUJIKOSHI CORP.–Revenue by Business Segment, 2015-2017
Figure 8.34   NACHI-FUJIKOSHI CORP.–Revenue by Market, 2015-2017
Figure 8.35   NACHI-FUJIKOSHI CORP.–Revenue by Region, 2015-2017
Figure 8.36   SWOT Analysis – NACHI-FUJIKOSHI CORP.
Figure 8.37   Precise Automation, Inc. – Product Offerings
Figure 8.38   SWOT Analysis –Precise Automation, Inc.
Figure 8.39   Productive Robotics, Inc. – Product Offerings
Figure 8.40   SWOT Analysis – Productive Robotics
Figure 8.41   Rethink Robotics –Product Offerings
Figure 8.42   SWOT Analysis – Rethink Robotics
Figure 8.43   Seiko Epson Corporation – Product Offerings
Figure 8.44   Seiko Epson Corporation – Overall Financials, 2016-2018
Figure 8.45   Seiko Epson Corporation –Revenue by Business Segment, 2016-2018
Figure 8.46   Seiko Epson Corporation –Revenue by Region, 2016-2018
Figure 8.47   SWOT Analysis – Seiko Epson Corporation
Figure 8.48   Techman Robots – Overall Financials, 2014-2016
Figure 8.49   SWOT Analysis – Techman Robots
Figure 8.50   Universal Robots A/S: Product Offerings
Figure 8.51   Universal Robots A/S: Overall Financials, 2015-2017
Figure 8.52   SWOT Analysis – Universal Robots A/S
Figure 8.53   Yaskawa Electric Corporation –Product Offerings
Figure 8.54   Yaskawa Electric Corporation – Overall Financials, 2015-2017
Figure 8.55   Yaskawa Electric Corporation –Revenue by Business Segment, 2015-2017
Figure 8.56   Yaskawa Electric Corporation – Revenue by Region, 2015-2017
Figure 8.57   SWOT Analysis – Yaskawa Electric Corporation
Figure 9.1   Scope Global Collaborative Robot Market
Figure 9.2   Global Collaborative Robot Market Research Methodology
Figure 9.3   Secondary Data Sources
Figure 9.4   Top Down and Bottom Up Approach
Figure 9.5   Collaborative Robot Market Influencing Factors
Figure 9.6   Assumptions and Limitations

In the mid of 20th century, when the industrial revolution started, there was a rise in the requirement of tremendous work which fueled the need to employ robots alongside humans to perform tedious and repetitive applications with precision and accuracy. The automotive industry was among the early adopters of industrial robots owing to the demand of large parts assembly and several other applications. In 1961, General Motors, an automobile manufacturer, installed the first prototype of the industrial robots, named Unimate. This resulted in increased efficiency of the work process and the decline in the overall cost. Fast forward to 2008, when, Universal Robots A/S, the leading collaborative robot manufacturer launched its first collaborative robot. After that, the collaborative robots have gained a lot of popularity across various industries, and they have been employed to perform an array of tasks.

Collaborative robots are used in industries to perform applications, such as assembly, pick & place, packaging & palletizing, machine tending, screw driving, among others. Some of the features, such as the capability to be used alongside humans, easy installation & operation, and lower cost when compared with conventional industrial robots, set the collaborative robots apart from the traditional robot. With all these additional benefits, collaborative robots also provide enhanced process efficiency and unmatched cost reduction. Therefore, the demand for collaborative robots has shot up, especially in the last decade.  In the past two to three years the industry has witnessed several new product launches from traditional industrial robot manufacturers. These product launches underline a clear shift undergoing in the robotics industry where collaborative robots are emerging as the next big thing.

FIGURE 1 Global Collaborative Robot Market, 2017-2023

Global Collaborative Robot Market, 2017-2023

Source: Secondary Research, Expert Views, and BIS Research Analysis 

The demand for collaborative robots is rapidly increasing among different industries across the globe. The market is driven by a number of factors, such as growing market penetration of collaborative robots across multiple applications, increased productivity at the workplace, declining prices & quick return on investment, and minimal infrastructure, and flexible operation of collaborative robots, among others.
 
In 2017, the collaborative robot market accounted for a market value of $283.7 million which is anticipated to grow with 63.95% CAGR from 2018 to 2023.

FIGURE 2 Global Collaborative Robot Market Analysis (by Industry)

Global Collaborative Robot Market Analysis (by Industry)

Source: Secondary Research, Expert Views, and BIS Research Analysis

In 2017, Automotive industry in the collaborative robot market accounted for the maximum share in the overall revenue. The significant share of the automotive industry is mainly attributed to a large number of repetitive and tedious tasks present in the industry for which the companies are employing collaborative robots to increase the cost-effectiveness of the processes.

Europe, followed by Asia-Pacific, North America, and Rest-of-the-World, is expected to dominate the market during the forecast period. However, in terms of countries, the United States is the leading country in the collaborative robot market, and the country is expected to maintain its dominance during the forecast period. The country has the presence of collaborative robot manufacturers in the country. Asia-Pacific is expected to grow at the highest CAGR with China dominating the market in this region.

Some of the key players in the collaborative robot market include: Universal Robots A/S, Rethink Robotics, Fanuc Corporation, KUKA AG, ABB Robotics, Aubo Robotics, Bosch Rexroth AG, Denso Corporation, and Yaskawa Electric Corp. among others.

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Collaborative robot market is anticipated to exhibit fast-paced growth during the forecast period 2018-2023. In the recent years, there have been several new product launches in the market, and a collaborative robot market has undergone a paradigm shift on the technological aspect. Furthermore, the prices of collaborative robots have also declined substantially which have resulted in a quick return on investment and cost-effective performance of these robots. The demand for collaborative robots across several industries has witnessed a significant rise in the recent years, and the trend is anticipated to continue in the next few years, owing to their high accuracy and declining cost. The rising number of industries moving to automation across emerging nations and robotic application gaining traction is expected to open several new opportunities for the collaborative robot market in the years to come. 

The major industries where collaborative robots are used include includes automotive, electrical, electronics & semiconductor, plastics & polymers, pharma & chemistry, food & beverage, aerospace & defense, metal & machining, others, among others. Major applications where collaborative robots are used include material handling, small parts assembly, CNC machine tending, molding operations, test & inspection, gluing, dispensing, welding, packaging & palletizing, screw driving, and polishing, among others. 

The following points provide a concrete description of the report content and the topics covered in the report:

•    This report identifies the collaborative robot market in different segments such as industry, application, and geography.
•    The study includes the market analysis and forecast of the global collaborative robot market from 2018 to 2023 in terms of value. The report also highlights the year-on-year growth of the market.
•    The study talks about the prime supply-side factors affecting the growth of the market along with the current and future trends in the collaborative robot market.
•    The study also presents a detailed examination of the collaborative robot market along the lines of market drivers, restraints, growth opportunities, and challenges.
•    The study provides a detailed analysis of industry attractiveness through Porter’s Five Forces analysis.
•    The report also highlights the value chain of the overall collaborative robot industry.
•    Detailed competitive analysis has been included in this report which focuses on the key developments & strategies, followed by the players, in the market. Additionally, analysis of their position in the market is also provided.
•    The report also provides a detailed study of different industries in which collaborative robot is being used, such as automotive, electrical, electronics & semiconductor, plastics & polymers, pharma & chemistry, food & beverage, aerospace & defense, metal & machining, and others.
•    In this report, various applications of collaborative robot market have also been studied. The applications include material handling, small parts assembly, CNC machine tending, molding operations, test & inspection, gluing, dispensing, welding, packaging & palletizing, screw driving, polishing, and others.
•    The collaborative robot market has been analyzed for all the geographies including North America, Europe, Asia-Pacific, and Rest-of-the-World and further analysis with respect to several major countries.
•    The key market players are analyzed and profiled in detail in the Company Profiles section of the report. This section covers the business financials, company snapshots, key products & services, major developments, and finally, the individual SWOT analysis.

   Executive Summary
   1   Market Dynamics
        1.1   Market Drivers
                1.1.1   Rising Market Penetration of Collaborative Robots across Multiple Applications
                1.1.2   Increased Productivity at Workplace
                1.1.3   Declining Prices and Quick Return on Investment
                1.1.4   Minimal Infrastructure and Flexible Operation of Collaborative Robots
        1.2   Restraints
                1.2.1   Technological Challenges for Compliance
                1.2.2   Lack of Capabilities Related to the Faster Cycle Time
        1.3   Opportunities
                1.3.1   Emerging Automation Driven Industries in Developing Countries
                1.3.2   Rising Demand for Collaborative Robots with High Payload Capacity
 
   2   Competitive Insights
        2.1   Competitive Landscape
        2.2   Business Strategy Excellence and Market Synergies
                2.2.1   Product Launches
                2.2.2   Partnerships, Agreements and Collaborations
                2.2.3   Acquisitions
                2.2.4   Others
        2.3   Competitive Leadership Mapping (Visionary Leaders, Dynamic Differentiators, Innovators, Emerging Companies)
        2.4   Market Share Analysis
        2.5   Competitive Benchmarking Map
        2.6   Product Pricing Analysis
 
   3   Industry Analysis
        3.1   Key Industry Safety Standards and Patents
                3.1.1   Key Industry Safety Standards
                3.1.2   Patent Analysis
        3.2   Value Chain Analysis
        3.3   Industry Attractiveness: Five Forces Analysis
                3.3.1   Threat of New Entrants
                3.3.2   Threat of Substitutes
                3.3.3   Bargaining Power of Suppliers
                3.3.4   Bargaining Power of Buyers
                3.3.5   Intensity of Competitive Rivalry
 
   4   Global Collaborative Robot Market, 2018-2023
        4.1   Assumptions and Limitations
        4.2   Market Overview
 
   5   Global Collaborative Robot Market by Industry
        5.1   Market Overview
        5.2   Automotive
        5.3   Electrical, Electronic, and Semiconductor
        5.4   Plastic and Polymer
        5.5   Pharma and Chemistry
        5.6   Food and Beverage
        5.7   Aerospace and Defense
        5.8   Metal and Machining
        5.9   Other
 
   6   Global Collaborative Robots Market by Application
        6.1   Market Overview
        6.2   Material Handling
        6.3   Small Parts Assembly
        6.4   CNC Machine Tending
        6.5   Molding Operations
        6.6   Test and Inspection
        6.7   Packaging and Palletizing
        6.8   Polishing
        6.9   Screw Driving
        6.10 Gluing, Dispensing, and Welding
        6.11  Other
 
   7   Collaborative Robot Market by Region
        7.1   Market Overview
        7.2   North America
                7.2.1   North America Collaborative Robot Market Size by Country
                           7.2.1.1   The U.S.
                           7.2.1.2   Canada
        7.3   Europe
                7.3.1   Europe Collaborative Robot Market Size (by Country)
                           7.3.1.1   The U.K.
                           7.3.1.2   Germany
                           7.3.1.3   France
                           7.3.1.4   Italy
                           7.3.1.5   Spain
                           7.3.1.6   Poland
        7.4   Asia-Pacific
                7.4.1   Asia-Pacific Collaborative Robot Market Size by Country
                          7.4.1.1   China
                          7.4.1.2   India
                          7.4.1.3   South Korea
                          7.4.1.4   Japan
                          7.4.1.5   Australia
        7.5   Rest-of-the-World (ROW)
 
   8   Company Profiles
        8.1    Overview
        8.2    ABB Robotics
                 8.2.1    Company Overview
                 8.2.2    Product Offerings
                 8.2.3    Financials
                             8.2.3.1    Financial Summary
                 8.2.4    SWOT Analysis
        8.3    AUBO Robotics
                8.3.1    Company Overview
                8.3.2    Product Offerings
                8.3.3    SWOT Analysis
       8.4    Bosch Rexroth AG
                8.4.1    Company Overview
                8.4.2    Product Offerings
                8.4.3    Financials
                            8.4.3.1    Financial Summary
                8.4.4    SWOT Analysis
       8.5    Comau SpA
                8.5.1    Company Overview
                8.5.2    Products Offerings
                8.5.3    SWOT Analysis
       8.6    DENSO WAVE INCORPORATED
                8.6.1    Company Overview
                8.6.2    Products Offerings
                8.6.3    Financials
                            8.6.3.1    Financial Summary
                8.6.4    SWOT Analysis
       8.7    Fanuc Corporation
                8.7.1    Company Overview
                8.7.2    Product Offerings
                8.7.3    Financials
                            8.7.3.1    Financial Summary
                8.7.4    SWOT Analysis
       8.8    KUKA AG
                8.8.1    Company Overview
                8.8.2    Product Offerings
                8.8.3    Financials
                            8.8.3.1    Financial Summary
                8.8.4    SWOT Analysis
       8.9    NACHI-FUJIKOSHI CORP.
                8.9.1    Company Overview
                8.9.2    Products Offerings
                8.9.3    Financials
                            8.9.3.1    Financial Summary
                8.9.4    SWOT Analysis
     8.10    Precise Automation, Inc.
                8.10.1    Company Overview
                8.10.2    Products Offerings
                8.10.3    SWOT Analysis
     8.11    Productive Robotics, Inc.
                8.11.1    Company Overview
                8.11.2    Products Offerings
                8.11.3    SWOT Analysis
     8.12    Rethink Robotics
                8.12.1    Company Overview
                8.12.2    Product Offerings
                8.12.3    SWOT Analysis
     8.13    Seiko Epson Corporation
                8.13.1    Company Overview
                8.13.2    Products Offerings
                8.13.3    Financials
                              8.13.3.1    Financial Summary
                8.13.4    SWOT Analysis
     8.14    Techman Robots
                8.14.1    Company Overview
                8.14.2    Product Offerings
                8.14.3    Financials
                              8.14.3.1    Financial Summary
                8.14.4    SWOT Analysis
     8.15    Universal Robots A/S
                8.15.1    Overview
                8.15.2    Product Offerings
                8.15.3    Financials
                              8.15.3.1    Overall Financials
                              8.15.3.2    Financial Summary
                8.15.4    SWOT Analysis
     8.16    Yaskawa Electric Corporation
                8.16.1    Company Overview
                8.16.2    Product Offerings
                8.16.3    Financials
                              8.16.3.1    Financial Summary
                8.16.4    SWOT Analysis
     8.17    Key Emerging Startups
 
  9    Research Scope & Methodology
        9.1    Scope of the Report
        9.2    Global Collaborative Robot Market Research Methodology

 10    Appendix
         10.1    Related Reports
 
List of Tables

Table 2.1   Product Pricing Analysis
Table 3.1   Key Industry Safety Standards: Global Collaborative Industrial Robot Market
Table 3.2   Patent Analysis: Mobile Collaborative Robot
Table 3.3   Patent Analysis: Collaborative Robot System and Method
Table 3.4   Patent Analysis: Calibration and Programming of Robots
Table 3.5   Patent Analysis: Human-Collaborative Robot System
Table 3.6   Analyzing Threat Factors from New Entrants
Table 3.7   Analyzing Threat from Substitute Products or Services
Table 3.8   Analyzing Bargaining Power of Suppliers
Table 3.9   Analyzing Bargaining Power of Buyers
Table 3.10   Analysing Intensity of Competitive Rivalry
Table 5.1   Global Collaborative Robot Market by Industry 2017-2023
Table 5.2   Applications Undertaken by Collaborative Robots in Automotive Industry
Table 5.1   Global Collaborative Robot Market by Application 2017-2023
Table 7.1   Global Collaborative Robot Market Size by Geography, 2017-2023
Table 8.1   ABB Robotics- Key Developments
Table 8.2   AUBO Robotics- Key Developments
Table 8.3   Bosch Rexroth AG- Key Developments
Table 8.4   Comau SpA - Key Developments
Table 8.5   DENSO WAVE INCORPORATED – Key Developments
Table 8.6   Fanuc Corporation – Key Developments
Table 8.7   KUKA AG – Key Developments
Table 8.8   NACHI-FUJIKOSHI CORP.– Key Developments
Table 8.9   Precise Automation: Key Developments
Table 8.10   Productive Robotics, Inc. – Key Developments
Table 8.11   Rethink Robotics – Key Developments
Table 8.12   Seiko Epson Corporation – Key Developments
Table 8.13   Techman Robots – Key Developments
Table 8.14   Universal Robots A/S – Key Developments
Table 8.15   Yaskawa Electric Corporation – Key Developments
Table 8.16   Key Emerging Start-ups
 
List of Figures

Figure 1   Global Industrial Robots Market by End User, 2016
Figure 2   Limitations of Industrial Robots
Figure 3   Advantages of Collaborative Robots
Figure 4   Factors Driving Collaborative Robot Market
Figure 5   Global Collaborative Robot Market Snapshot, 2017-2023
Figure 6   Global Collaborative Robot Market Size by Application, 2017 and 2023
Figure 7   Global Collaborative Robot Market Size by Industry, 2017 and 2023
Figure 8   Global Collaborative Robot Market Size by Region, 2017
Figure 1.1   Market Dynamics Snapshot
Figure 1.2   Impact Analysis on Market Drivers
Figure 1.3   Impact Analysis on Market Restraints
Figure 1.4   Impact Analysis on Market Opportunities
Figure 1.5   Sales of Robots Across Different End Users - 2016
Figure 1.6   Robots Shipment Across Different Regions – 2016
Figure 2.1   Some of the Organic and Inorganic Growth Strategies Adopted by the Key Players
Figure 2.2   Percentage Share of Strategies Adopted by the Market Players, 2015-2018
Figure 2.3   Product Launches by the Key Market Players, 2015-2018
Figure 2.4   Partnerships, Agreements, and Collaborations by Key Market Players, 2015-2018
Figure 2.5   Acquisitions by Key Market Players, 2015-2018
Figure 2.6   Other Developments by Key Market Players, 2015-2018
Figure 2.7   Global Collaborative Robot Market- Competitive Ranking
Figure 2.8   Market Share Analysis: Global Collaborative Robot Hardware Market, 2017
Figure 2.9   Global Collaborative Robot Market- Competitive Benchmarking
Figure 3.1   Value Chain Analysis
Figure 3.2   Porter’s Five Forces Analysis
Figure 4.1   Global Collaborative Robot Market Size, 2017-2023
Figure 5.1   Classification of Global Collaborative Robot Market by Industry
Figure 5.2   Global Collaborative Robot Market for Automotive Industry, 2017-2023
Figure 5.3   Global Collaborative Robot Market for Electrical, Electronic, and Semiconductor Industry, 2017-2023
Figure 5.4   Global Collaborative Robot Market for Plastic and Polymer Industry, 2017-2023
Figure 5.5   Global Collaborative Robot Market for Pharma and Chemistry Industry, 2017-2023
Figure 5.6   Global Collaborative Robot Market for Food and Beverage Industry, 2017-2023
Figure 5.7   Global Collaborative Robot Market for Aerospace and Defense Industry, 2017-2023
Figure 5.8   Global Collaborative Robot Market for Metal and Machining Industry, 2017-2023
Figure 5.9   Global Collaborative Robot Market for Other Industry, 2017-2023
Figure 6.1   Classification of Global Collaborative Robot Market by Application
Figure 6.2   Global Collaborative Robot Market for Material Handling, 2017-2023
Figure 6.3   Global Collaborative Robot Market for Small Parts Assembly, 2017-2023
Figure 6.4   Global Collaborative Robot Market for CNC Machine Tending, 2017-2023
Figure 6.5   Global Collaborative Robot Market for Molding Operations, 2017-2023
Figure 6.6   Global Collaborative Robot Market for Test and Inspection, 2017-2023
Figure 6.7   Global Collaborative Robot Market for Packaging and Palletizing, 2017-2023
Figure 6.8   Global Collaborative Robot Market for Polishing, 2017-2023
Figure 6.9   Global Collaborative Robot Market for Screw Driving, 2017-2023
Figure 6.10   Global Collaborative Robot Market for Gluing, Dispensing, and Welding 2017-2023
Figure 6.11   Global Collaborative Robot Market for Other 2017-2023
Figure 7.1   Classification of Global Collaborative Robot Market by Region
Figure 7.2   Geographic Distribution of Collaborative Robot Market, 2017 & 2023
Figure 7.3   North America Collaborative Robot Market Size by Country 2017-2023, ($Million),
Figure 7.4   U.S. Collaborative Robot Market ($Million), 2017-2023
Figure 7.5   Canada Collaborative Robot Market ($Million), 2017-2023
Figure 7.6   Europe Collaborative Robot Market Size by Country ($Million), 2017-2023
Figure 7.7   The U.K. Collaborative Robot Market ($Million), 2017-2023
Figure 7.8   Germany Collaborative Robot Market ($Million), 2017-2023
Figure 7.9   France Collaborative Robot Market ($Million), 2017-2023
Figure 7.10   Italy Collaborative Robot Market ($Million), 2017-2023
Figure 7.11   Spain Collaborative Robot Market ($Million), 2017-2023
Figure 7.12   Poland Collaborative Robot Market ($Million), 2017-2023
Figure 7.13   Asia-Pacific Collaborative Robot Market by Country, 2017-2023, ($Million)
Figure 7.14   China Collaborative Robot Market 2017-2023 ($Million),
Figure 7.15   India Collaborative Robot Market 2017-2023($Million),
Figure 7.16   South Korea Collaborative Robot Market ($Million), 2017-2023
Figure 7.17   Japan Collaborative Robot Market ($Million), 2017-2023
Figure 7.18   Australia Collaborative Robot Market ($Million), 2017-2023
Figure 7.19   ROW Collaborative Robot Market ($Million), 2017-2023
Figure 8.1   Share of Key Companies Profiles
Figure 8.2   ABB Robotics- Product Offerings
Figure 8.3   ABB Robotics – Overall Financials, 2015-2017
Figure 8.4   ABB Robotics – Revenue by Business Segment, 2015-2017
Figure 8.5   ABB Robotics – Revenue by Region, 2015-2017
Figure 8.6   SWOT Analysis – ABB Robotics
Figure 8.7   AUBO Robotics – Product Offerings
Figure 8.8   SWOT Analysis – AUBO Robotics
Figure 8.9   Bosch Rexroth AG – Product Offerings
Figure 8.10   Robert Bosch GmbH– Overall Financials, 2015-2017
Figure 8.11   Robert Bosch GmbH –Revenue by Business Segment, 2015-2017
Figure 8.12   Robert Bosch GmbH –Revenue by Region, 2015-2017
Figure 8.13   SWOT Analysis –Bosch Rexroth AG
Figure 8.14   Comau SpA – Product Offerings
Figure 8.15   SWOT Analysis – Comau SpA
Figure 8.16   DENSO CORPORATION – Product Offerings
Figure 8.17   DENSO CORPORATION – Overall Financials, 2016-2018
Figure 8.18   DENSO CORPORATION –Revenue by Business Segment, 2017-2018
Figure 8.20   DENSO CORPORATION –Revenue by Region, 2016-2018
Figure 8.21   SWOT Analysis – DENSO CORPORATION
Figure 8.22   Fanuc Corporation – Product Offerings
Figure 8.23   Fanuc Corporation – Overall Financials, 2015-2017
Figure 8.24   Fanuc Corporation –Revenue by Business Segment, 2015-2017
Figure 8.25   Fanuc Corporation –Revenue by Region, 2015-2017
Figure 8.26   SWOT Analysis – Fanuc Corporation
Figure 8.27   KUKA AG –Product Offerings
Figure 8.28   KUKA AG – Overall Financials, 2015-2017
Figure 8.29   KUKA AG – Revenue by Business Segment, 2015-2017
Figure 8.30   SWOT Analysis – KUKA AG
Figure 8.31   NACHI-FUJIKOSHI CORP. – Product Offerings
Figure 8.32   NACHI-FUJIKOSHI CORP. – Overall Financials, 2015-2017
Figure 8.33   NACHI-FUJIKOSHI CORP.–Revenue by Business Segment, 2015-2017
Figure 8.34   NACHI-FUJIKOSHI CORP.–Revenue by Market, 2015-2017
Figure 8.35   NACHI-FUJIKOSHI CORP.–Revenue by Region, 2015-2017
Figure 8.36   SWOT Analysis – NACHI-FUJIKOSHI CORP.
Figure 8.37   Precise Automation, Inc. – Product Offerings
Figure 8.38   SWOT Analysis –Precise Automation, Inc.
Figure 8.39   Productive Robotics, Inc. – Product Offerings
Figure 8.40   SWOT Analysis – Productive Robotics
Figure 8.41   Rethink Robotics –Product Offerings
Figure 8.42   SWOT Analysis – Rethink Robotics
Figure 8.43   Seiko Epson Corporation – Product Offerings
Figure 8.44   Seiko Epson Corporation – Overall Financials, 2016-2018
Figure 8.45   Seiko Epson Corporation –Revenue by Business Segment, 2016-2018
Figure 8.46   Seiko Epson Corporation –Revenue by Region, 2016-2018
Figure 8.47   SWOT Analysis – Seiko Epson Corporation
Figure 8.48   Techman Robots – Overall Financials, 2014-2016
Figure 8.49   SWOT Analysis – Techman Robots
Figure 8.50   Universal Robots A/S: Product Offerings
Figure 8.51   Universal Robots A/S: Overall Financials, 2015-2017
Figure 8.52   SWOT Analysis – Universal Robots A/S
Figure 8.53   Yaskawa Electric Corporation –Product Offerings
Figure 8.54   Yaskawa Electric Corporation – Overall Financials, 2015-2017
Figure 8.55   Yaskawa Electric Corporation –Revenue by Business Segment, 2015-2017
Figure 8.56   Yaskawa Electric Corporation – Revenue by Region, 2015-2017
Figure 8.57   SWOT Analysis – Yaskawa Electric Corporation
Figure 9.1   Scope Global Collaborative Robot Market
Figure 9.2   Global Collaborative Robot Market Research Methodology
Figure 9.3   Secondary Data Sources
Figure 9.4   Top Down and Bottom Up Approach
Figure 9.5   Collaborative Robot Market Influencing Factors
Figure 9.6   Assumptions and Limitations

In the mid of 20th century, when the industrial revolution started, there was a rise in the requirement of tremendous work which fueled the need to employ robots alongside humans to perform tedious and repetitive applications with precision and accuracy. The automotive industry was among the early adopters of industrial robots owing to the demand of large parts assembly and several other applications. In 1961, General Motors, an automobile manufacturer, installed the first prototype of the industrial robots, named Unimate. This resulted in increased efficiency of the work process and the decline in the overall cost. Fast forward to 2008, when, Universal Robots A/S, the leading collaborative robot manufacturer launched its first collaborative robot. After that, the collaborative robots have gained a lot of popularity across various industries, and they have been employed to perform an array of tasks.

Collaborative robots are used in industries to perform applications, such as assembly, pick & place, packaging & palletizing, machine tending, screw driving, among others. Some of the features, such as the capability to be used alongside humans, easy installation & operation, and lower cost when compared with conventional industrial robots, set the collaborative robots apart from the traditional robot. With all these additional benefits, collaborative robots also provide enhanced process efficiency and unmatched cost reduction. Therefore, the demand for collaborative robots has shot up, especially in the last decade.  In the past two to three years the industry has witnessed several new product launches from traditional industrial robot manufacturers. These product launches underline a clear shift undergoing in the robotics industry where collaborative robots are emerging as the next big thing.

FIGURE 1 Global Collaborative Robot Market, 2017-2023

Global Collaborative Robot Market, 2017-2023

Source: Secondary Research, Expert Views, and BIS Research Analysis 

The demand for collaborative robots is rapidly increasing among different industries across the globe. The market is driven by a number of factors, such as growing market penetration of collaborative robots across multiple applications, increased productivity at the workplace, declining prices & quick return on investment, and minimal infrastructure, and flexible operation of collaborative robots, among others.
 
In 2017, the collaborative robot market accounted for a market value of $283.7 million which is anticipated to grow with 63.95% CAGR from 2018 to 2023.

FIGURE 2 Global Collaborative Robot Market Analysis (by Industry)

Global Collaborative Robot Market Analysis (by Industry)

Source: Secondary Research, Expert Views, and BIS Research Analysis

In 2017, Automotive industry in the collaborative robot market accounted for the maximum share in the overall revenue. The significant share of the automotive industry is mainly attributed to a large number of repetitive and tedious tasks present in the industry for which the companies are employing collaborative robots to increase the cost-effectiveness of the processes.

Europe, followed by Asia-Pacific, North America, and Rest-of-the-World, is expected to dominate the market during the forecast period. However, in terms of countries, the United States is the leading country in the collaborative robot market, and the country is expected to maintain its dominance during the forecast period. The country has the presence of collaborative robot manufacturers in the country. Asia-Pacific is expected to grow at the highest CAGR with China dominating the market in this region.

Some of the key players in the collaborative robot market include: Universal Robots A/S, Rethink Robotics, Fanuc Corporation, KUKA AG, ABB Robotics, Aubo Robotics, Bosch Rexroth AG, Denso Corporation, and Yaskawa Electric Corp. among others.

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