Collaborative Robot Market: Current Analysis and Forecast 2021-2027

The global collaborative robot market was stood around US$1 billion in 2020 and is expected to showcase the double-digit growth during the forecast period (2021-2027). Increasing focus on ongoing and upcoming trends such as digitization, IoT and Industry 4.0 coupled with the rising number of automotive manufacturing plants and rapid urbanization in the region is driving the growth of the collaborative robot market. For instance: As per Statista, the degree of urban population in 2020 is increasing and expected to have an influential growth rate in the forecasted period as well. Hence, encourage the adoption of collaborative robots for different industries in urbanization region around the world. Moreover, the high Return on Investment (ROI) derived from the deployment of collaborative robots and its benefits for businesses of all sizes in terms of general competitiveness, increased production, and enhanced product quality which in turn would proliferate the market demand for cobots in projected years.
The outbreak of coronavirus pandemic in 2020 has adversely impacted the market share of collaborative robots. The restriction imposed across the globe on travel and shutdown of all the industrial and commercial activities, manufacturing industries, others have disrupted the demand for collaborative robots. However, robotics and automation are playing a very crucial role as the world is continuously fighting the rapid spread of the COVID-19 pandemic in healthcare industry. In addition, industries such as automobile, and manufacturing industries where IoT, robotics solution played an important role has seen slump for a short period in 2020. For instance: China captures 27% of India's automotive parts import and disruption in the supply-demand ecosystem has halted production process and blocked the investments and cash delays.
Universal Robots, FANUC, ABB, Techman Robot, KUKA, Doosan Robotics, Denso, YASKAWA, Precise Automation, Rethink Robotics, MABI Robotic, FrankaEmika, Comau , F&P Robotics , St?ubli etc, are some of the prominent players operating in the Global Collaborative Robot Market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
"Amongst Component, Hardware Collaborative Robot segment holds the major share"
Based on Component, the market is classified into hardware and software. The hardware segment generated held the significant share in the market in 2020 because it requires a significant amount of fixed and interlocked engineering controls such as robotics arms.
"Amongst End-Use, automotive Segment holds the major share"
Based on End-Use, the market is segmented into electronics, automotive, manufacturing, food and beverages and chemical and pharmaceuticals. In 2020, the automotive segment dominated the collaborative robot's market. This segment would witness a considerable CAGR during the forecast period (2021-2027F) owing the usage of collaborative robots for a variety of applications such as handling, welding, assembling, and disassembling, dispensing extensively.
"Amongst application, material handling segment holds the major share"
Based on application type, the market is classified into material handling, pick and place, assembly, palletizing and de-palletizing and others. The material handling segment generated prominent revenue share in 2020. Handling tasks such as pick and place or palletizing are among the mundane and repetitive in nature for the human workers. Machine tending requires workers to stand for long hours. Hence, collaborative robots are able to automate a machine tending process during off hours without any supervision, boosting productivity.
?
"North America represents one of the largest markets of Global Collaborative Robot Market"
For a better understanding of the market dynamics of the Global Collaborative Robot Market, a detailed analysis was conducted for different regions including Asia Pacific, North America, Europe and Rest of the World. North America dominated the market in 2020. It is majorly attributed to the rise in the robotic surgery in U.S.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
Customization Options:
Global Collaborative Robot Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Collaborative robot is a type of robot which is capable of performing multiple tasks, as assisted by the humans. They have additional features, such as safety monitored stop, hand guiding, speed and separation monitoring, and power & force limiting. There are numerous types of collaborative robots that are used in industries like safety monitored stop is used to stop the functioning of robot when the safety zone violates; hand guiding is used for path teaching and detection of applied forces; speed and separation monitoring is used for operations requiring frequent worker presence, and power & force limiting is used for the direct collaboration with workers. They are being used in multiple verticals, which include supply chain management, manufacturing, and healthcare. Factors that are escalating the demand for collaborative robots such as lower price of collaborative robots are the and rising demand in the logistics in various application expected to increase its market share in the forecasted period.
Based on components, the market is classified into hardware and software. The hardware segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 because it require a significant amount of fixed and interlocked engineering controls such as robotics arms.
Based on pay load, the market is segmented into less than 5kg, 5-9kg, 10-20kg and greater than 29kg. The 5-9kg segment grabbed XX% market share of the global collaborative robots market and gathered revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 owing to the cost effectiveness and take up less space than robots with higher payload capacity.
Based on end-use, the market is segmented into electronics, automotive, manufacturing, food and beverages and chemical and pharmaceuticals. In 2020, the automotive segment dominated the collaborative robots market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) owing the user of collaborative robots for a variety of applications such as handling, welding, assembling and disassembling, dispensing extensively.
Based on application type, the market is classified into material handling, pick and place, assembly, palletizing and de-palletizing and others. The material handling segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027. Handling tasks such as pick and place or palletizing are among the mundane and repetitive in nature for the human workers. Machine tending requires workers to stand for long hours. Hence, collaborative robots are able to automate a machine tending process during off hours without any supervision, boosting productivity.
For a better understanding of the market adoption of collaborative robots, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. North America constitutes the largest market for the industry and generated revenue of USD XX billion in 2020 predominantly because of USA which has the most usage of smart devices & manufacturing industries.
Some of the major players operating in the market include Universal Robots, FANUC, ABB, Techman Robot, KUKA, Doosan Robotics, Denso , YASKAWA, Precise Automation, Rethink Robotics, MABI Robotic, FrankaEmika, Comau , F&P Robotics , St?ubli etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.