OREGAON, PORTLAND, UNITED STATES, August 31, 2023/EINPresswire.com/ — The global industrial cobot market size was $0.65 billion in 2018 and is estimated to reach $12.48 billion by 2026, growing at CAGR of 44.8% from 2019 to 2026
As per the report published by Allied Market Research Titled “Industrial Cobot Market by Application (Material Handling, Machine Tending, Test/Inspection, Value Added Processing, and Transport), and End User (Automotive, Electronics, Food & Beverages, Manufacturing, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026”
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The report includes a detailed analysis of the dynamic factors such as drivers, restraints, challenges, and opportunities. The drivers and opportunities help to comprehend the rapidly changing industry trends and how they can impact the growth of the market. Moreover, the challenges and restraints analyzed in the report help recognize profitable market investments. The global industrial cobot report provides quantitative and qualitative analysis of the market from 2021 to 2030. The qualitative study focuses on the value chain analysis, key regulations, and pain point analysis. The global industrial cobot market report includes an overview of the market and highlights market definition and scope along with major factors that shape the industrial cobot market. The study outlines the major market trends and driving factors that boost the growth of the industrial cobot market. The report includes an in-depth study of sales, market size, sales analysis, and prime drivers, challenges, and opportunities.
Key Segmentation
• By Application
o Material Handling
o Machine Tending
o Test/Inspection
o Value Added Processing
o Transport
• By End User
o Automotive
o Electronics
o Food & Beverages
o Manufacturing
o Healthcare
o Others
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The market study further promotes a sustainable market scenario on the basis of key product offerings. On the other hand, Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. The report provides an explicit global industrial cobot market breakdown and exemplifies how the opposition will take shape in the new few years to come. Rendering the top ten industry players functional in the market, the study emphasizes on the policies & approaches integrated by them to retain their foothold in the industry.
Some major factors impacting the industrial cobot market growth are given below:
– Rise in Demand for Automation
Several companies focus on the automation of operational processes to reduce cost, save time, deliver high-quality products, and increase productivity to meet the stiff competition. Industrial cobots automate the internal processes and reduce workload of employees by working in collaboration with workers for better efficiency. They are used in the manufacturing industry for raw material handling and finished product packaging in factories for wielding and assembling., In addition, these robots are used in infrastructure and logistics projects for monitoring and reducing human labor. In addition, it is designed in such a way that it can perform task directly in cooperation with a human during operation safely.
– High Installation Cost
High installation cost and integration capabilities required for the initial setup of industrial cobots restrain their adoption. Initial investment and maintenance cost of employing robotics systems are high due to the integration of high-quality hardware coupled with efficient software control system. The need for high initial investment limits the use of industrial cobotics in the professional and personal use segments. Industrial cobotic systems are predominantly used in manufacturing; automotive; infrastructure; agriculture; food & beverage; metals; and chemical, rubber & plastics industries.
The analysis highlights the highest revenue generating and fastest growing segments. These insights are helpful in devising strategies and achieving a sustainable growth. The industrial cobot market is studied on the basis of different segments including type, applications, and region. This makes the study well organized and resourceful along with promoting easy understanding. The report a comprehensive data based on each segment of the industrial cobot market. The industrial cobot market is analyzed on the basis of geographical penetration along with a study of market influence in the various regions such as North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
Key Players Mentioned in the Global Industrial cobot Market Research Report:
ABB Ltd, The Fanuc Corporation, Kawasaki Heavy Industries Ltd., Nachi Fujikoshi Corporation, Yaskawa Electric Corporation, KUKA AG, Seiko Epson Corporation, Staubli International AG, Universal Robots A/S, and Teradyne
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The global industrial cobot market offers a detailed overview of the industry based on the main parameters including market extent, probable deals, sales analysis, and essential drivers. The market report is summarized enfolding the operations of an array of different organizations in the sector from different regions. The study is a perfect consolidation of quantitative and qualitative information accentuating on the key industry developments and challenges that the market is facing along with the lucrative opportunities available in the sector. The industrial cobot market report also showcases the factual data throughout the forecast period and brings about an estimate till 2031.
Key Questions Answered in the Report:
(1) What are the growth opportunities for the new entrants in the Global industrial cobot industry?
(2) Who are the leading players functioning in the Global industrial cobot marketplace?
(3) What are the key strategies participants are likely to adopt to increase their share in the Global industrial cobot industry?
(4) What is the competitive situation in the Global industrial cobot market?
(5) What are the emerging trends that may influence the Global industrial cobot market growth?
(6) Which product type segment will exhibit high CAGR in future?
(7) Which application segment will grab a handsome share in the Global industrial cobot industry?
(8) Which region is lucrative for the manufacturers?
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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