Market Research Reports Global Cobots Market Research Report 2019

Impressive status of Global Cobots Market 2019-2022|Forecaste by
Region
The exclusive research report on the Global
Cobots Market 2019 examines the market
in detail along with focusing on significant
market dynamics for the key players
operating in the market. Global Cobots
Industry research report offers granulated
yet in-depth analysis of revenue share,
market segments, revenue estimates and
various regions across the globe.
Global Cobots Market Overview:
The continuous development in the automation industry is expected to boost the growth of the
Global Cobots Market in the coming years. The safety of these robots has increased their demand in
various end-user industries are they can perfectly work in tandem with the human workforce.
The Global Cobots Market is valued at 590 Million US$ in 2017 and will reach 17100 Million US$ by
the end of 2022, growing at a CAGR of 52.4% during 2019-2022.
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Cobots (Collaborative robots) are popular due to their high return on investment and low overall
cost, attracting many small and medium sized enterprises (SMEs). Global manufactures mainly
distributed in Europe, North America, Japan. Demand for Cobots is profoundly dependent on
increase in automation industry. Universal Robots accounted for 47.60%of the global Cobots sales
market share in 2016. Other players accounted for 18.41%, 12.30% including ABB and Rethink
Robotics.
The Global Cobots Market is segmented on the basis of Payload Capacity, Application, End-Use
Industry and Region. On the basis of Payload Capacity, the market is sub-segmented into Up to 5 kg,
Between 5 and 10 kg and Above 10 kg. Based on Application, the market is sub-segmented into
Assembly, Pick & Place, Machine Tending, Quality Testing, Material Handling, Packaging &
Palletizing, Gluing & Welding and others. In terms of the End-Use Industry, the market is sub-
segmented into Automotive, Electronics, Metals & Machining, Plastics & Polymers, Food &
Beverages, Healthcare, Furniture & Equipment and others.
According to the geographic analysis, Europe accounted for the largest market share in 2017, closely
followed by Asia-Pacific and North America. The growth of the market in Europe was driven by
strong government support to promote factory automation solutions, thereby supporting the
evolution of Industry 4.0. However, the market in Asia-Pacific is expected to surpass Europe by 2022.