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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Collaborative robots or cobots are the robots, which have the ability to collaborate with humans and enhance the human capabilities. There are various advantages of using collaborative robots or cobots such as these robots are easy to program, easy to install, and cobots are flexible i.e. adding new tasks is simple compared to other robots.

The increasing demand of automation in different industries such as healthcare, automotive, food and beverages, metal and machining, plastic and polymers, retail and others is expected to fuel growth of the global collaborative robot (cobot) market. Collaborative robots or cobots are used to automate processes such as product assembling, packaging, labeling, pumping, welding, painting, spraying, material handling and others in the companies. For instance, in food and beverages industry cobots are used to fill large number of food packages in few minutes. In manufacturing industry cobots are used to assemble parts of the product.

However, lack of skilled workforce for cobot operations and limited acceptance of cobot technology are the factors that is expected to hamper growth of the global collaborative robot (cobot) market during the forecast period. Collaborative robot technology or cobot technology is upgrading faster and it is difficult to adopt quickly by the workers. Moreover, poor network administration is also expected to restrain growth of the global collaborative robot (cobot) market.

Global Collaborative Robot (Cobot) Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has significantly disrupted almost all the industries including automotive, medical & healthcare, consumer electronics, clothing & textile, food & beverage, automation, manufacturing, aerospace & defense, oil & gas, construction, semiconductor, agriculture, and others. Liquidity shortfall, cash crunch, and others are the factors that are restraining growth of the various sectors during COVID-19 pandemic.

Additionally, coronavirus (COVID-19) pandemic has impacted almost all the industries globally including robotics, industrial automation and machinery. To combat COVID-19 pandemic, most of the countries had implemented lockdown and are now easing it phase-wise and industry wise. This has significantly impacted manufacturing sector as the facilities across the globe were temporarily shut down, such as in China Italy, and India, among others. As industrial manufacturing companies are the largest consumer of conveyers, labelling machines, packaging machines, and automated storage systems, the demand for these products has declined due to cease in the activities of production units.

Furthermore, end-use industries of collaborative robot market such as automotive, healthcare and others have been affected due to covid-19 pandemic. For instance, according to Coherent Market Insights’ analysis, the automotive market witnessed 12-15% decrease in sales. Nevertheless, COVID-19 has brought the healthcare and medical devices industry at center stage with unmatched demand for personal protective equipment (PPE), ventilators, diagnostic tests, and other medical supplies. Manufacturers and automation companies such as, ABB and others are making efforts to reduce the shortage of critical medical supplies needed to combat COVID-19 pandemic.

Asia Pacific held dominant position in the global collaborative robot (cobot) market in 2020

Statistics:

Asia Pacific held dominant position in the global collaborative robot (cobot) market in 2020, accounting for highest share in terms of value, followed by Europe and North America.

Figure 1: Global Collaborative Robot (Cobot) Market Share (%), By Region, 2020

Collaborative Robot (Cobot)  | Coherent Market Insights

Owing to the presence of leading market players such as Techman Robot, Han’s Robot,  Siasun, Doosan Robotics, and others, Asia Pacific held a dominant position in the global collaborative robot (cobot) market in 2020 and Europe collaborative robot (cobot) market expected to surpass the Asia Pacific collaborative robot market dominance during the forecast period. The growing automotive sector in different countries in Asia Pacific is expected to drive growth of the Asia Pacific collaborative robot (cobot) market. For instance, according to data provided by the Automotive Component Manufactures Association (ACMA), the Indian auto component industry’s turnover accounted for US$ 40.6 billion in 2012-13 and is estimated to reach US$ 115 billion by 2020-21.

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Collaborative Robot (Cobot) Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 691.2 Mn
Historical Data for: 2017 and 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 43.1% 2028 Value Projection: US$ 14,836.6 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Payload: Up to 5 Kg, 6-10 Kg, and 11 Kg and Above
  • By Component: Hardware and Software
  • By Application: Welding and Soldering, Material Handling, Assembling and Disassembling, Processing, Dispensing/ Painting / Spraying, and Others (Molding, Quality Testing, etc.)
  • By End-use Industry: Healthcare, Automotive, Food and Beverages, Metals and Machining, Plastic and Polymers, and Others (Retail, Electronics, Furniture and Equipment, etc.)
Companies covered:

ABB, Universal Robots, FANUC Corporation, Techman Robot, AUBO Robotics, KUKA, Kawada Robotics, Productive Robotics, Kawasaki Robotics, Precise Automation, YASKAWA, F&P Robotics, Rethink Robotics, Robert Bosch, MABI Robotic, Siasun, Franka Emika, Hanwha Precision Machinery, Carbon Robotics, Han’s Robot, ST Robotics, and Others

Growth Drivers:
  • Increasing demand of automation in various industries such as automotive, healthcare, electronics, and other sectors
Restraints & Challenges:
  • Lack of skilled workforce

Assembling and Disassembling segment is expected to witness significant growth during the forecast period.

On the basis of application, global collaborative robot (cobot) market is segmented into welding and soldering, material handling, assembling and disassembling, processing, dispensing/ painting / spraying, and others. Moreover, owing to increasing adoption of collaborative robots in manufacturing industries for assembling and disassembling of small and large devices or parts of product, assembling and disassembling segment is expected to exhibit highest CAGR during forecast period.  

Figure 2: Global Collaborative Robot (Cobot) Market Value (US$ Mn) Analysis and Forecast, 2017 - 2028

Collaborative Robot (Cobot)  | Coherent Market Insights

The global collaborative robot (cobot) market was valued at US$ 691.2 Mn in 2020 and is expected to reach US$ 14,836.6 Mn by 2028, exhibiting a CAGR of 43.1% between 2021 and 2028.

Major players operating in the global collaborative robot (cobot) market include ABB, Universal Robots, FANUC Corporation, Techman Robot, AUBO Robotics, KUKA, Kawada Robotics, Productive Robotics, Kawasaki Robotics, Precise Automation, YASKAWA, F&P Robotics, Rethink Robotics, Robert Bosch, MABI Robotic, Siasun, Franka Emika, Hanwha Precision Machinery, Carbon Robotics, Han’s Robot, ST Robotics, and Others

Collaborative robot (cobot) enhances the human capabilities by assisting workers in many industrial processes. Collaborative robot or cobot follows human orders and assists humans in various operations such as welding and soldering, material handling, assembling and disassembling, processing, dispensing, painting, spraying, molding, quality testing, and others. The global collaborative robot (cobot) market is segmented on the basis of payload, component, application, end-use industry, and region.

 Collaborative robots or cobots are the robots, which have the ability to collaborate with humans and enhance the human capabilities. There are various advantages of using collaborative robots or cobots such as easy to program, easy to install, and flexible i.e. adding new task is simple compared to other robots.

Market Dynamics

Increasing demand for automation in different industries, adoption of collaborative robots in automotive industry, increasing product launches related to collaborative robot (cobot) by various market players are the factors which drive the growth of the global collaborative robot (cobot) market.

The increasing demand for automation in different industries such as healthcare, automotive, food and beverages, metal and machining, plastic and polymers, retail and others is expected to fuel growth of the global collaborative robot (cobot) market. Collaborative robots or cobots are used to automate processes such as product assembling, packaging, labeling, pumping, welding, painting, spraying, material handling, and others in the companies. For instance, in food and beverages industry cobots are used to fill large number of food packages in few minutes. In manufacturing industry, cobots are used to assemble parts of the product.

Key features of the study:

  • This report provides in-depth analysis of global collaborative robot (cobot) market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global collaborative robot (cobot) market  based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • The companies covered as a part of this study include ABB, Universal Robots, FANUC Corporation, Techman Robot, AUBO Robotics, KUKA, Kawada Robotics, Productive Robotics, Kawasaki Robotics, Precise Automation, YASKAWA, F&P Robotics, Rethink Robotics, Robert Bosch, MABI Robotic, Siasun, Franka Emika, Hanwha Precision Machinery, Carbon Robotics, Han’s Robot, ST Robotics, and Others
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global collaborative robot (cobot) market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global collaborative robot (cobot) market

Detailed Segmentation

  • Global Collaborative Robot (Cobot) Market, By Payload :
    • Up to 5 Kg
    • 6-10 Kg
    • 11 Kg and Above
  • Global Collaborative Robot (Cobot) Market, By Component:
    • Hardware
    • Software
  • Global Collaborative Robot (Cobot) Market, By Application:
    • Welding and Soldering
    • Material Handling
    • Assembling and Disassembling
    • Processing
    • Dispensing/ Painting / Spraying
    • Others (Molding, Quality Testing, etc.)
  • Global Collaborative Robot (Cobot) Market, By End-use Industry:
    • Healthcare
    • Automotive
    • Food and Beverages
    • Metals and Machining
    • Plastic and Polymers
    • Others (Retail, Electronics, Furniture and Equipment, etc.)
  • Global Collaborative Robot (Cobot) Market, By Region:
    • North America
      • By Payload:
        • Up to 5 Kg
        • 6-10 Kg
        • 11 Kg and Above
      • By Component:
        • Hardware
        • Software
      • By Application
        • Welding and Soldering
        • Material Handling
        • Assembling and Disassembling
        • Processing
        • Dispensing/ Painting / Spraying
        • Others (Molding, Quality Testing, etc.)
      • By End-use Industry
        • Healthcare
        • Automotive
        • Food and Beverages
        • Metals and Machining
        • Plastic and Polymers
        • Others (Retail, Electronics, Furniture and Equipment, etc.)
      • By Country:
        • U.S.
        • Canada
    • Asia Pacific
      • By Payload:
        • Up to 5 Kg
        • 6-10 Kg
        • 11 Kg and Above
      • By Component:
        • Hardware
        • Software
      • By Application
        • Welding and Soldering
        • Material Handling
        • Assembling and Disassembling
        • Processing
        • Dispensing/ Painting / Spraying
        • Others (Molding, Quality Testing, etc.)
      • By End-use Industry
        • Healthcare
        • Automotive
        • Food and Beverages
        • Metals and Machining
        • Plastic and Polymers
        • Others (Retail, Electronics, Furniture and Equipment, etc.)
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Europe
      • By Payload:
        • Up to 5 Kg
        • 6-10 Kg
        • 11 Kg and Above
      • By Component:
        • Hardware
        • Software
      • By Application
        • Welding and Soldering
        • Material Handling
        • Assembling and Disassembling
        • Processing
        • Dispensing/ Painting / Spraying
        • Others (Molding, Quality Testing, etc.)
      • By End-use Industry
        • Healthcare
        • Automotive
        • Food and Beverages
        • Metals and Machining
        • Plastic and Polymers
        • Others (Retail, Electronics, Furniture and Equipment, etc.)
      • By Country:
        • Germany
        • Italy
        • U.K.
        • France
        • Russia
        • Rest of Europe
    • Latin America
      • By Payload:
        • Up to 5 Kg
        • 6-10 Kg
        • 11 Kg and Above
      • By Component:
        • Hardware
        • Software
      • By Application
        • Welding and Soldering
        • Material Handling
        • Assembling and Disassembling
        • Processing
        • Dispensing/ Painting / Spraying
        • Others (Molding, Quality Testing, etc.)
      • By End-use Industry
        • Healthcare
        • Automotive
        • Food and Beverages
        • Metals and Machining
        • Plastic and Polymers
        • Others (Retail, Electronics, Furniture and Equipment, etc.)
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East and Africa
      • By Payload:
        • Up to 5 Kg
        • 6-10 Kg
        • 11 Kg and Above
      • By Component:
        • Hardware
        • Software
      • By Application
        • Welding and Soldering
        • Material Handling
        • Assembling and Disassembling
        • Processing
        • Dispensing/ Painting / Spraying
        • Others (Molding, Quality Testing, etc.)
      • By End-use Industry
        • Healthcare
        • Automotive
        • Food and Beverages
        • Metals and Machining
        • Plastic and Polymers
        • Others (Retail, Electronics, Furniture and Equipment, etc.)
      • By Country/Region:
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa
  • Company Profiles
    • ABB *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • Universal Robots
    • FANUC Corporation
    • Techman Robot
    • AUBO Robotics
    • KUKA
    • Kawada Robotics
    • Productive Robotics
    • Kawasaki Robotics
    • Precise Automation
    • YASKAWA
    • F&P Robotics
    • Rethink Robotics
    • Robert Bosch
    • MABI Robotic
    • Siasun
    • Franka Emika
    • Hanwha Precision Machinery
    • Carbon Robotics
    • Han’s Robot
    • ST Robotics
    • Others

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Payload
      • Market Snippet, By Component
      • Market Snippet, By Application
      • Market Snippet, By End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
    • Impact of COVID-19 Pandemic
  4. Global Collaborative Robot (Cobot) Market, By Payload, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2028 (%)
      • Segment Trends
    • Up to 5 Kg
      •  Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • 6-10 Kg
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • 11 Kg and Above
      •  Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
  5. Global Collaborative Robot (Cobot) Market, By Component, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2028 (%)
      • Segment Trends
    • Hardware
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Software
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
  6. Global Collaborative Robot (Cobot) Market, By Application, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2028 (%)
      • Segment Trends
    • Welding and Soldering
      •  Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Material Handling
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Assembling and Disassembling
      •  Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Processing
      •  Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Dispensing/Painting/Spraying
      •  Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Others (Molding, Quality Testing, etc.)
      •  Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
  7. Global Collaborative Robot (Cobot) Market, By End-use Industry, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2028 (%)
      • Segment Trends
    • Healthcare
      •  Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Automotive
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Food and Beverages
      •  Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Metals and Machining 
      •  Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Plastics and Polymers
      •  Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Others (Retail, Furniture and Equipment, etc.)
      •  Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
  8. Global Collaborative Robot (Cobot)  Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Payload, 2021–2028 (US$ Million)
      • Market Size and Forecast, By Component, 2021–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2028 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Payload, 2021–2028 (US$ Million)
      • Market Size and Forecast, By Component, 2021–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2028 (%)
        • U.K.
        • Germany
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Payload, 2021–2028 (US$ Million)
      • Market Size and Forecast, By Component, 2021–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2028 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Payload, 2021–2028 (US$ Million)
      • Market Size and Forecast, By Component, 2021–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Payload, 2021–2028 (US$ Million)
      • Market Size and Forecast, By Component, 2021–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028 (US$ Million)
      • Market Share Analysis, By Country/Region, 2019 and 2028 (%)
        • South Africa
        • GCC Countries
        • Rest of the Middle East and Africa
  9. Competitive Landscape
    • Company Profiles
      • ABB
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Universal Robots
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • FANUC Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Techman Robot
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • AUBO Robotics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • KUKA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Kawada Robotics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Productive Robotics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Kawasaki Robotics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Precise Automation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • YASKAWA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • F&P Robotics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Rethink Robotics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Robert Bosch
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • MABI Robotic
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Siasun
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Franka Emika
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hanwha Precision Machinery
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Carbon Robotics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Han’s Robot
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ST Robotics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    •  Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Collaborative Robot (Cobot) Market - Global forecast to 2028”.

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Frequently Asked Questions

The global collaborative robot (cobot) market is expected to reach US$ 14,836.6 million by 2028.
The market is expected to witness a CAGR of 43.1% during the forecast period (2021-2028).
Increasing demand of automation in different industries.
Material handling segment held the largest market share among application in 2020.
Asia Pacific held the largest share in the market in 2020.
Key players operating in the market include ABB, Universal Robots, FANUC Corporation, Techman Robot, AUBO Robotics, KUKA, Kawada Robotics, Productive Robotics, Kawasaki Robotics, Precise Automation, YASKAWA, F&P Robotics, Rethink Robotics, Robert Bosch, MABI Robotic, Siasun, Franka Emika, Hanwha Precision Machinery, Carbon Robotics, Han’s Robot, ST Robotics, and Others.
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