Latest News by Industry
DUBLIN--(BUSINESS WIRE)--Nov 29, 2022--
The "Collaborative Robot (Cobot) Market by Component, Payload (Up to 5 Kg, 5-10 Kg, and Above 10 Kg), Application (Handling, Processing), Industry (Automotive, Electronics, Healthcare, Furniture & Equipment) and Geography - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global collaborative robot (cobot) market is projected to grow from USD 1.1 Billion in 2022 to USD 9.2 Billion by 2028, at a CAGR of 41.5% during the forecast period from 2022 to 2028. The growth of this market is driven by factors such as high return on investment as compared to the traditional industrial robotic system, collaborative robots to benefit businesses of all sizes, increased ease of programming of collaborative robots, and increasing demand in the e-commerce and logistics industries due to contingency of COVID-19.
US accounted for the largest market share of the collaborative market in North America in 2021
The US accounted for 73%, in terms of value, of the collaborative market in North America in 2021. The country is expected to hold the largest share throughout the forecast period as well. The US has the largest manufacturing sector in North America. Growing industrial automation across Mexico and the widening rift between skilled workforce and wages are compelling organizations to adopt cost-efficient automation tools, which will further strengthen the demand for collaborative robots. They are being used in large industries like automotive and smaller industries like furniture & equipment. The growing use of collaborative robots has also given rise to emerging collaborative robot manufacturers such as Productive Robotics, Inc. (US) and Rethink Robotics GmbH (US).
Key Benefits to Buy Report:
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Collaborative Robot (Cobot) Market, by Payload
7 Collaborative Robot (Cobot) Market, by Component
8 Collaborative Robot Market, by Application
9 Collaborative Robot Market, by Industry
10 Geographic Analysis
11 Human-Robot Collaborative Operational Environment
12 Integration of Cobots and IoT
13 Competitive Landscape
14 Company Profiles
15 Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/qxx7l8
View source version on businesswire.com:https://www.businesswire.com/news/home/20221129005915/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
KEYWORD:
INDUSTRY KEYWORD: TECHNOLOGY NETWORKS ROBOTICS ARTIFICIAL INTELLIGENCE
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/29/2022 12:05 PM/DISC: 11/29/2022 12:06 PM
http://www.businesswire.com/news/home/20221129005915/en