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Collaborative Robot Market Size & Share, by Payload (Up to 5 Kg, 5-10 Kg, Above 10 Kg); End-user (Electronics, Automotive, Manufacturing, Food, Beverage, Chemicals, Pharmaceutical); Application (Handling, Processing) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 3584
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Collaborative Robot Market size was over USD 2.04 billion in 2024 and is anticipated to cross USD 88.13 billion by 2037, witnessing more than 33.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of collaborative robot is estimated at USD 2.62 billion.

Further, the market registered a revenue of ~USD 1 Billion in the year 2021. Increasing affordability and ease of programming offered by collaborative robots are primarily expected to drive market growth in the forthcoming years. Furthermore, the world is witnessing a surge in demand for performing tasks requiring higher payload capacity efficiently. Cobots are well-equipped to perform effectively with employees in an uncaged environment, which in turn is projected to skyrocket the demand for these machines in the near future. 

The growth of the market can also be attributed to the high return on investment as compared to traditional industrial robotic system, and rising adoption of industrial robots across various industry verticals such as chemicals, automotive, electronics and others. It is calculated that almost 34 percent of industrial robots will be sold by the end of 2025. Also, about 40,000 cobots entered the robotics industry in 2020. Moreover, as per the International Federation of Robotics, automotive industry accounted for an installation of 105 industrial robots in the year 2019, bagging the highest number of installations in all industrial verticals, followed by electronics industry with 88 installations.

Collaborative Robot Market demand
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Growth Drivers

  • High Return on Investment as Compared to Traditional Industrial Robotic System
  • Rising Adoption of Collaborative Robots Across Industry Verticals

Challenges

  • Speed Limitations of Collaborative Robots Owing to their Inherent Design

Collaborative Robot Market: Key Insights

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

33.6%

Base Year Market Size (2024)

USD 2.04 billion

Forecast Year Market Size (2037)

USD 88.13 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Collaborative Robot Segmentation

The market is segmented by end user into electronics, automotive, manufacturing, food and beverage, chemicals, and pharmaceutical, out of which, the automotive segment is anticipated to hold the largest share in the global collaborative robot market. This can be accounted to the growing robot innovations taking place in the automotive industry with augmented human capacity and capability. In addition, the significance of robots in industrial automation, including their ability to manage complicated and repetitive tasks with accuracy, even in hazardous environments, is also predicted to drive growth to the market segment in the future. Moreover, on the basis of payload, the up to 5 kg segment is assessed to grab the largest share over the forecast period owing to the lightweight, flexibility, high reliability and ability of collaborating heavier-weight processes.

Our in-depth analysis of the global market includes the following segments

           By Payload
  • Up to 5 Kg
  • 5-10 Kg
  • Above 10 Kg

           By End User
  • Electronics
  • Automotive
  • Manufacturing
  • Food and Beverage
  • Chemicals
  • Pharmaceutical

          By Application

 
  • Handling
  • Processing
 
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Collaborative Robot Industry - Regional Synopsis

Asia Pacific industry is estimated to hold largest revenue share by 2037. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the increasing emphasis on the quality and precision of cobots, and rising adoption of automation and artificial intelligence technologies in the region. For instance, it is evaluated that AI will contribute to more than 25 percent of China’s GDP share in the year 2030, followed by North America with 14 percent and United Arab Emirates with 13 percent. Moreover, the market in North America is projected to acquire the largest share over the forecast period ascribing to the early adoption of robotics, and growing usage of collaborative robots for medical surgeries in the region. Apart from these, increase in investments by the government to support development of modern technologies in the industrial robotics market is also anticipated to boost the region’s market growth.

Collaborative Robot
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Companies Dominating the Collaborative Robot Landscape

    • Fanuc Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • TechMan Robot Inc.
    • Rethink Robotics GmbH
    • Universal Robot A/S
    • AUBO Robotics USA
    • ABB Ltd.
    • Denso Corporation
    • Yaskawa America, Inc.
    • Bosch Rexroth AG
    • Staubuli International AG

Recent Developments

  • April 2020- ABB Ltd. launched a block-based programming interface, ‘Wizard Easy Programming’ with the aim to make programming its single arm YuMi cobot more intuitive.

  • September 2019- Universal Robots launched a brand-new collaborative robot model UR16e, which is designed for heavy payload application for tackling heavy duty tasks effectively.

  • Report ID: 3584
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2025, the industry size of collaborative robot is estimated at USD 2.62 billion.

Collaborative Robot Market size was over USD 2.04 billion in 2024 and is anticipated to cross USD 88.13 billion by 2037, witnessing more than 33.6% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is estimated to hold largest revenue share by 2037, ascribed to increasing emphasis on the quality and precision of cobots, and rising adoption of automation and artificial intelligence technologies in the region.

The major players in the market are Fanuc Corporation, TechMan Robot Inc., Rethink Robotics GmbH, Universal Robot A/S, AUBO Robotics USA, and others.

Collaborative Robot Market Report Scope

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