Market Overview: The global collaborative robot market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.8 Billion by 2028, exhibiting a growth rate (CAGR) of 40.8% during 2023-2028. A collaborative robot, also known as a cobot, is a robot that can learn multiple tasks to assist human beings. It relies on machine vision, cognitive computing, and touch and mobile technologies for being aware about its surroundings through demonstration and reinforcement learning. It consumes less energy than its larger autonomous counterparts and uses collision detection to avoid injuring human coworkers. Additionally, it minimizes errors, increases productivity and offers better operating results. As a result, it finds extensive applications in electronics, automotive, manufacturing and food and beverage (F&B) industries worldwide. Collaborative Robot Market Trends: At present, there is a considerable rise in the demand for collaborative robots with high payload capacity across the globe. This, along with the growing automation in different industries, especially in developing economies, represents one of the key factors driving the market. In addition, there is an increase in the integration of torque and force sensing technologies in robots across the globe. This, coupled with the rising employment of collaborative robots for manufacturing purposes, such as on the assembly lines and welding, is impelling the growth of the market. Apart from this, the escalating demand for user-friendly robots, which do not require a highly-skilled workforce to carry out operations, is stimulating the growth of the market. Furthermore, the rising demand for collaborative robots in the packaging industry to enhance their production rates is stimulating the market growth. Besides this, the increasing usage of collaborative robots in the logistics industry to overcome challenges, such as handling complicated work processes and numerous tasks in combinations, is projected to propel their overall sales and profitability in the coming years. Key Market Segmentation: IMARC Group provides an analysis of the key trends in each sub-segment of the global collaborative robot market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, payload, application and end use industry. Breakup by Component: Hardware Software Breakup by Payload: Upto 5 Kg 5-10 Kg Above 10 Kg Breakup by Application: Material Handling Pick and Place Assembly Palletizing and De-Palletizing Others Breakup by End Use Industry: Automotive Electronics Manufacturing Food and Beverage Chemicals and Pharmaceutical Others Breakup by Region: North America United States Canada Asia-Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., AUBO (Beijing) Robotics Technology Co. Ltd., DENSO WAVE Incorporated (Denso Corporation), Doosan Robotics Inc. (Doosan Group), Fanuc Corporation, Kawasaki Heavy Industries Ltd., KUKA AG (Midea Group), Omron Corporation, Precise Automation Inc. (Brooks Automation Inc), Rethink Robotics GmbH, TechMan Robot Inc. (Quanta Storage Inc.), Universal Robots (Teradyne Inc) and Yaskawa Electric Corporation. Key Questions Answered in This Report: How has the global collaborative robot market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global collaborative robot market? What are the key regional markets? What is the breakup of the market based on the component? What is the breakup of the market based on the payload? What is the breakup of the market based on the application? What is the breakup of the market based on the end use industry? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global collaborative robot market and who are the key players? What is the degree of competition in the industry?

1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Collaborative Robot Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Component 6.1 Hardware 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Software 6.2.1 Market Trends 6.2.2 Market Forecast 7 Market Breakup by Payload 7.1 Upto 5 Kg 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 5-10 Kg 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Above 10 Kg 7.3.1 Market Trends 7.3.2 Market Forecast 8 Market Breakup by Application 8.1 Material Handling 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Pick and Place 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Assembly 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Palletizing and De-Palletizing 8.4.1 Market Trends 8.4.2 Market Forecast 8.5 Others 8.5.1 Market Trends 8.5.2 Market Forecast 9 Market Breakup by End Use Industry 9.1 Automotive 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Electronics 9.2.1 Market Trends 9.2.2 Market Forecast 9.3 Manufacturing 9.3.1 Market Trends 9.3.2 Market Forecast 9.4 Food and Beverage 9.4.1 Market Trends 9.4.2 Market Forecast 9.5 Chemicals and Pharmaceutical 9.5.1 Market Trends 9.5.2 Market Forecast 9.6 Others 9.6.1 Market Trends 9.6.2 Market Forecast 10 Market Breakup by Region 10.1 North America 10.1.1 United States 10.1.1.1 Market Trends 10.1.1.2 Market Forecast 10.1.2 Canada 10.1.2.1 Market Trends 10.1.2.2 Market Forecast 10.2 Asia-Pacific 10.2.1 China 10.2.1.1 Market Trends 10.2.1.2 Market Forecast 10.2.2 Japan 10.2.2.1 Market Trends 10.2.2.2 Market Forecast 10.2.3 India 10.2.3.1 Market Trends 10.2.3.2 Market Forecast 10.2.4 South Korea 10.2.4.1 Market Trends 10.2.4.2 Market Forecast 10.2.5 Australia 10.2.5.1 Market Trends 10.2.5.2 Market Forecast 10.2.6 Indonesia 10.2.6.1 Market Trends 10.2.6.2 Market Forecast 10.2.7 Others 10.2.7.1 Market Trends 10.2.7.2 Market Forecast 10.3 Europe 10.3.1 Germany 10.3.1.1 Market Trends 10.3.1.2 Market Forecast 10.3.2 France 10.3.2.1 Market Trends 10.3.2.2 Market Forecast 10.3.3 United Kingdom 10.3.3.1 Market Trends 10.3.3.2 Market Forecast 10.3.4 Italy 10.3.4.1 Market Trends 10.3.4.2 Market Forecast 10.3.5 Spain 10.3.5.1 Market Trends 10.3.5.2 Market Forecast 10.3.6 Russia 10.3.6.1 Market Trends 10.3.6.2 Market Forecast 10.3.7 Others 10.3.7.1 Market Trends 10.3.7.2 Market Forecast 10.4 Latin America 10.4.1 Brazil 10.4.1.1 Market Trends 10.4.1.2 Market Forecast 10.4.2 Mexico 10.4.2.1 Market Trends 10.4.2.2 Market Forecast 10.4.3 Others 10.4.3.1 Market Trends 10.4.3.2 Market Forecast 10.5 Middle East and Africa 10.5.1 Market Trends 10.5.2 Market Breakup by Country 10.5.3 Market Forecast 11 SWOT Analysis 11.1 Overview 11.2 Strengths 11.3 Weaknesses 11.4 Opportunities 11.5 Threats 12 Value Chain Analysis 13 Porters Five Forces Analysis 13.1 Overview 13.2 Bargaining Power of Buyers 13.3 Bargaining Power of Suppliers 13.4 Degree of Competition 13.5 Threat of New Entrants 13.6 Threat of Substitutes 14 Price Analysis 15 Competitive Landscape 15.1 Market Structure 15.2 Key Players 15.3 Profiles of Key Players 15.3.1 ABB Ltd 15.3.1.1 Company Overview 15.3.1.2 Product Portfolio 15.3.1.3 Financials 15.3.1.4 SWOT Analysis 15.3.2 AUBO (Beijing) Robotics Technology Co. Ltd 15.3.2.1 Company Overview 15.3.2.2 Product Portfolio 15.3.3 DENSO WAVE Incorporated (Denso Corporation) 15.3.3.1 Company Overview 15.3.3.2 Product Portfolio 15.3.4 Doosan Robotics Inc. (Doosan Group) 15.3.4.1 Company Overview 15.3.4.2 Product Portfolio 15.3.5 Fanuc Corporation 15.3.5.1 Company Overview 15.3.5.2 Product Portfolio 15.3.5.3 Financials 15.3.5.4 SWOT Analysis 15.3.6 Kawasaki Heavy Industries Ltd 15.3.6.1 Company Overview 15.3.6.2 Product Portfolio 15.3.6.3 Financials 15.3.6.4 SWOT Analysis 15.3.7 KUKA AG (Midea Group) 15.3.7.1 Company Overview 15.3.7.2 Product Portfolio 15.3.7.3 Financials 15.3.7.4 SWOT Analysis 15.3.8 Omron Corporation 15.3.8.1 Company Overview 15.3.8.2 Product Portfolio 15.3.8.3 Financials 15.3.8.4 SWOT Analysis 15.3.9 Precise Automation Inc. (Brooks Automation Inc) 15.3.9.1 Company Overview 15.3.9.2 Product Portfolio 15.3.10 Rethink Robotics GmbH 15.3.10.1 Company Overview 15.3.10.2 Product Portfolio 15.3.11 TechMan Robot Inc. (Quanta Storage Inc.) 15.3.11.1 Company Overview 15.3.11.2 Product Portfolio 15.3.12 Universal Robots (Teradyne Inc) 15.3.12.1 Company Overview 15.3.12.2 Product Portfolio 15.3.13 Yaskawa Electric Corporation 15.3.13.1 Company Overview 15.3.13.2 Product Portfolio 15.3.13.3 Financials