Market Scope and Report Overview
Wilmington, USA (Bloggeriya) May 05, 2023 – In a comprehensive market study by RationalStat, the COBOT market was analyzed by segments of the market, such as payload capacity, applications end-users, the geography of regions (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa and Asia Pacific). The report also provides the market size of both regional and global markets for the period from 2019-2022 and the forecast period 2019-2028.
Market intelligence for the global COBOT market covers market sizes on the basis of market value (US$/EUR Million) and volume (‘000 units/tons/liters) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
Furthermore, it provides the long-term industry and products/services 10-year outlook and its impact for the industry. It also provides the state of the industry today production levels, capacity utilization, tech quotient, etc. Important information includes capacity of manufacturing by country, installed base volume, imports market size, the number of important players market size dynamic, market information and insights, etc.
Period Covered include data for 2019-2028 along with year-wise demand estimations
This COBOT market report analyses the market based on global economic conditions international geopolitics, regional geopolitics and trade-duty scenarios, import and export market developments organic and non-organic strategies, mergers and acquisitions, new product launches, policies of the government and new capacity expansion technological advances, R&D investment, and new market entry rates, replacement rates and penetration rates, base/fleet size, and global and regional production capacities, among other.
RationalStat provides market analysis and consultancy studies based on the foundation of a solid desk and secondary research, backed by an internal data repository. Furthermore the research makes use of data that is based on real-time insights gained from interviews with primary respondents. Market estimates and insight are built upon first-hand research (covering greater than 240 organizations) and secondary research making use of international benchmarking.
Global COBOT report includes supply chain and value chain analysis that gives in-depth details on the value chain’s margins and the roles of different players in the value chain. Market dynamics provided in the market study include market drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period.
In the competition analysis section, the global COBOT market provides a detailed competition benchmarking analysis based on the market share of the leading companies/brands/producers/
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Macroeconomic Scenario and the Impact of COVID-19 on Regional Economic Sentiment
In the latest RationalStat analysis, geopolitical conflicts and inflation are the cited economic risks, while concerns about the volatility across energy sectors prevail in Europe and other parts of the globe. Some of the potential risks to the economic growth in the leading regions, including Asia Pacific, Europe, North America, the Middle East & Africa, and other developing regions, are inflation, volatile energy prices, supply chain disruptions, geopolitical instability, labor shortages, rising interest rates, and COVID-19 pandemic.
The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdued growth, while other countries continued to grapple with economic slowdowns. The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, the UK, Germany, Japan, South Korea, and many others. Besides, the exit of the UK from the European Union earlier in 2020 and the Russia-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.
In addition to this, the global economic growth slowed in 2022 to 3.3%, weaker than expected at the end of 2021, mainly weighed down by Russia’s war in Ukraine and the associated cost-of-living crisis in many countries. However, improvement in economic activities during the forecast period is expected. Growth is projected to remain at lower rates in 2023 and 2024, at 2.6% and 2.9% respectively.
Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global COBOT market include,
- In April 2020, HAHN Group, an automation company, purchased DAHL Automation, a robotics integrator that specializes in collaborative robot arms. The company will grow its foothold in intralogistics and autonomous mobile robots as a result of this acquisition.
- This acquisition will allow HAHN Group to provide its customers with a broader range of cobot solutions while also expanding its capabilities in the field of autonomous mobile robots (AMRs). AMRs are gaining popularity in logistics and manufacturing because they provide a flexible and efficient method of transporting goods and resources inside a facility.
- In March 2020, the HC20XP Human-Collaborative Robot was released by Yaskawa. It comes with precise hand-guided education for a quick robot system setup. The first IP67-rated collaborative robot in the industry is designed to work in wet or splashy settings for extended period of time.
- The collaboration is designed to be extremely collaborative, which means it can work alongside human workers safely. The robot is outfitted with a variety of sensors and safety features that enable it to identify and respond to the presence of human workers in its workspace, allowing it to perform safely and effectively in a wide range of industrial situations.
Some of the prominent players that contribute significantly to the COBOT market growth include ABB Group, AUBO Robotics Inc, DENSO Robotics, Energid Technologies Corporation, EPSON Robots, F&P Robotics AG, Fanuc Corporation, KUKA AG, MRK-Systeme GmbH, Precise Automation, Inc, Rethink Robotics, Inc, Robert Bosch GmbH, Universal Robots A/S, and Yaskawa Electric Corporation, among Others.
RationalStat has segmented the global COBOT market based on payload capacity, application, and region
- Global COBOT Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Payload Capacity
- Up to 5 kg
- 5 – 10 kg
- More than 10 kg
- Global COBOT Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Application
- Material Handling
- Pick and Place
- Assemble
- Palletizing and De-palletizing
- Positioning and Welding
- Packaging
- Painting & Spraying
- Machine Tending
- Quality Testing
- Others (Stocking, Transporting etc.)
Global COBOT Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by End-user
- Electronics
- Automotive
- E-Commerce
- Retail
- Healthcare
- Logistics
- Food & Beverage
- Manufacturing
- Chemicals & Pharmaceuticals
- Other Manufacturing and Industrials
Global Cobot Market Value (US$ Million) and Volume (‘000 units) Analysis By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
Leading Companies and Market Players
- ABB Group
- AUBO Robotics Inc
- DENSO Robotics
- Energid Technologies Corporation
- EPSON Robots
- F&P Robotics AG
- Fanuc Corporation
- KUKA AG
- MRK-Systeme GmbH
- Precise Automation, Inc
- Rethink Robotics, Inc
- Robert Bosch GmbH
- Universal Robots A/S
- Yaskawa Electric Corporation
For more information about this report: https://store.rationalstat.com/store/global-cobot-market/
Key Questions Answered in the COBOT Report:
- What will be the market value of the global COBOT market by 2028?
- What is the market size of the global COBOT Market?
- What are the market drivers of the global COBOT Market?
- What are the key trends in the global COBOT Market?
- Which is the leading region in the global COBOT Market?
- What are the major companies operating in the global COBOT Market?
- What are the market shares by key segments in the global COBOT Market?
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