Collaborative Robot Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
                     Global Collaborative 
Robot Market Research 
and Forecast Report 
2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
vert ica ls  to  ident i fy  thei r  h ighest -value oppor tuni t ies,  address thei r  most  cr i t ica l  chal lenges,  and 
t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Acco r d ing  t o  t he  l a t es t  r ep o r t  by  I M A RC G r oup ,  t i t l e d  " Co l l abo ra t i ve  Ro bot  M arke t :  
G l o ba l  I ndu st ry  T re nds ,  Sh are ,  S i ze ,  G row t h ,  O pp or t u n i t y  an d  Fo recas t  20 24 -
2032 , "  t he  g loba l  co l l a bo r a t i ve  r obo t  m ar ke t  s i ze  r each ed  US $  2 . 7  B i l l i o n  i n  2023 .
Factors  Af fect ing the  Growth of  the Col laborat ive  Robot  Industry :
Report Increased Adopt ion Across Var ious Indust r ies:
Co l la bo r a t i ve  r obo t s  o r  cobo t s ,  a r e  exp e r ien c ing  w idesp r ead  ado p t i on  ac r o ss  
seve r a l  i ndus t r i es ,  i n c lud ing  m anu f ac t u r i ng ,  au t o m o t i ve ,  e lec t r on i cs ,  he a l t hca r e ,  
Highlight and and  l og i s t i c s  due  t o  t he i r  ab i l i t y  t o  c o l l abo r a t e  sa f e l y  and  e f f e c t i ve l y  w i t h  hum an  
wor ke r s .  I n  add i t i on ,  t he  i nc r eas ing  de m and  f o r  cob o t s  i n  m anu f ac t u r i ng  e nhanc es  
e f f i c i ency  a nd  r e duce s  hum an  f a t i gue  by  t ak ing  ove r  r epe t i t i ve ,  s t r enuo us  t as ks ,  
Description con t r i bu t i ng  t o  m a r ke t  g r ow t h .  
M or eove r ,  t he  g r ow ing  au t om o t i ve  i ndu s t r y  e m p loy s  cobo t s  f o r  p r ec i s ion  t ask s  su ch  
as  w e ld ing ,  pa i n t i ng ,  and  assem b ly ,  ens u r ing  h igh - q ua l i t y  p r o duc t i on  s t a nda r d s ,  
r ep r esen t i ng  ano t he r  m a jo r  g r ow t h - i nd uc ing  f a c t o r .  Be s ide s  t h i s ,  t he  expan d ing  
e lec t r on i c s  a r e  us in g  c obo t s  f o r  ha nd l i ng  de l i ca t e  co m pon en t s ,  t h e r eb y  m in im i z ing  
dam age  and  im pr ov ing  p r odu c t  qu a l i t y ,  wh i c h  i s  a ugm en t ing  t he  m ar ke t  g r ow t h .
Technologica l  Advancements:
The  capab i l i t i es  o f  co l labo ra t i ve  robo ts  a re  rap id l y  advanc ing  due t o  i nnova t ions  
in  sensors ,  a r t i f i c ia l  i n te l l i gence  (A I ) ,  and  m ach ine  lea rn ing  (M L) .  I n  add i t i on ,  t he  
inc reas ing  use  o f  cobo ts  due  to  enhanced  sensor  t echno log ies  enab les  sa fe  
Report i n t e rac t ion  w i t h  human opera to r s  and  adap ts  to  changes  in  t he i r  work ing  env i ronm en t  in  rea l - t ime,  i n f luenc ing  marke t  g rowth .  
Moreover ,  A I  and  ML  con t r ibu t e  t o  the  soph is t i ca t ion  o f  cobot s ,  equ ipp ing  t hem 
Highlight and wi th  the  ab i l i t y  t o  learn  f r om t he i r  exper iences ,  improve  t he i r  pe r f o rmance  ove r  
t ime ,  and  ca r r y  ou t  complex  tasks  w i t h  h igh  p rec is ion ,  r ep resen t ing  ano the r  ma jo r  
Description growt h- induc ing  fac t o r .  These  advancemen ts  ex t end  the  ve rsa t i l i t y  o f  cobo ts ,  a l l ow ing  t hem t o  under t ake  a  b roader  a r ray  o f  ac t i v i t i es ,  f r om in t r i ca te  assembly  
tasks  t o  nav iga t ing  dynamic  env i ronmen ts  au tonomous ly .
Rise  of  Cobots-as-a-Serv ice (CaaS) :
The  emergence o f  cobo ts -as -a-se rv ice  (CaaS)  i s  t r ans fo rm ing  how bus inesses  
in t egra t e  cobo ts  in to  the i r  opera t ions ,  o f f e r ing  a  f l ex ib le ,  cos t -e f f ec t i ve  approach 
to  au tom at ion .  I t  enab les  compan ies  to  dep loy  cobo ts  w i thou t  s ign i f i can t  up f ron t  
cap i ta l  expend i t u re ,  sh i f t i ng  the  f i nanc ia l  bu rden t o  a  p red ic tab le  opera t ing  
expense .
Add i t iona l l y ,  CaaS  packages  t yp ica l l y  i nc lude  ma in tenance ,  so f tware  
upgrades ,  and  ongo ing  techn ica l  suppor t ,  ensu r ing  tha t  cobo ts  opera te  a t  peak  
e f f i c iency  and  w i th  the  la tes t  advancements ,  augmen t ing  the  marke t  g rowth .  
Moreover ,  the  w idespread  p roduc t  adop t ion  among sma l l  and  med ium-s ized  
en te rp r i ses  (SMEs)  p rov ides  seve ra l  bene f i t s  o f  robo t i c  au tomat ion ,  a l l ow ing  
Report bus inesses  to  ad jus t  the i r  cobo t  f l ee t  based  on  chang ing  demands ,  rep resen t ing  ano ther  ma jo r  g rowth - induc ing  fac to r .
Highlight and Request  for  a  PDF sample  o f  th is  repor t :  
h t tps : / /www. imarcgroup .com/co l labo ra t ive - robo t -marke t / reques tsamp le
Description
Report Description
Global  Col laborat ive  Robot  Market  Trends:
At  p resent ,  co l labora t i ve  robot s  a re  adop ted  ac ross  var ious  i ndus t r ies  such  as  manu fac tu r ing ,  au tomot i ve ,  
e lec t ron ics ,  hea l t hcare ,  and  log is t i cs  due  t o  t he i r  ab i l i t y  t o  work  a longs ide  humans  sa f e ly  and  e f f i c ien t l y .  I n  add i t i on ,  
t he  decreas ing  cos t s  o f  co l l abora t i ve  robot s ,  coup led  w i th  the i r  qu i ck  re tu rn  on  inves tment  (ROI ) ,  make  them an  
a t t rac t i ve  op t i on  fo r  sma l l  and  med ium-s ized  en te rp r i ses  (SM Es)  l ook ing  to  au t omate  the i r  p rocesses  w i thou t  
s ign i f i can t  cap i t a l  i nves tment .  
Moreover ,  manu fac tu re rs  a re  p r i o r i t i z ing  sa fe t y  f ea tu res  i n  r obo ts  to  ensu re  sa fe  in te rac t ion  w i t h  humans  in  sha red  
workspaces  w i t h  advanced  sa fe t y  t echno log ies  such  as  fo rce  and  to rque sensors ,  co l l i s ion  de t ec t i on ,  and  speed  
mon i t o r i ng  con t r ibu t ing  to  the  marke t  g rowt h .  Fur thermore ,  t he  imp lemen ta t i on  o f  I ndus t ry  4 . 0  in i t i a t i ves  enab les  
seam less  connec t i v i t y ,  da t a  exchange ,  and  au t omat i on  i n  smar t  f ac to r i es ,  i n f luenc ing  marke t  g rowt h .
Look ing  fo rward ,  the  market  to  reach  US$  50 . 8  B i l l ion  by  2032 ,  exh ib i t ing  a  g rowth  rate  (CAGR)  o f  37 .98% 
dur ing  2024-2032 .
V i ew Report  TOC,  F igures and  Tab les :  h t tps: / / www. i marcgroup .com/co l l abora t i ve - robot -market
Breakup by Component:
• Hardware
• Software
Breakup by Payload:
• Upto 5 Kg
Report • 5-10 Kg
• Above 10 Kg
Segmentation
Breakup by Application:
• Mater ial  Handl ing
• Pick and Place
• Assembly
• Pal let iz ing and De-Pal let iz ing
• Others
Breakup by End Use Industry:
• Automotive
• Electronics
• Manufacturing
• Food and Beverage
• Chemicals and Pharmaceutical
Report 
• Others
Segmentation
Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
• ABB Ltd.
• AUBO (Bei j ing)  Robot ics  Technology Co.  Ltd.
• DENSO WAVE Incorporated (Denso Corporat ion)
• Doosan Robot ics  Inc.  (Doosan Group)
• Fanuc Corporat ion
Competitive 
• Kawasaki  Heavy Industr ies  Ltd.
Landscape • KUKA AG (Midea Group)
• Omron Corporat ion
with Key 
• Precise Automat ion Inc.  (Brooks Automat ion 
Players Inc)
• Rethink Robot ics  GmbH
• TechMan Robot Inc.  (Quanta Storage Inc. )
• Universa l  Robots (Teradyne Inc)
• Yaskawa E lectr ic  Corporat ion
How has the global collaborative robot market 
performed so far and how will it perform in the 
coming years?
What has been the impact of COVID-19 on the 
global collaborative robot market?
Key What are the key regional markets?
Questions 
What is the breakup of the market based on the 
Answered in component?
the Report What is the breakup of the market based on the 
payload?
What is the breakup of the market based on the 
application?
What is the breakup of the market based on the 
end use industry?
What are the various stages in the value chain of 
the industry?
What are the key driving factors and challenges in 
the industry?
Key What is the structure of the global collaborative robot market and who are the key players?
Questions 
What is the degree of competition in the industry?
Answered in 
the Report
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  C o l l a b o r a t i v e  R o b o t  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  C o m p o n e n t
    6 . 1     H a r d w a r e
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     S o f t w a r e
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  P a y l o a d
    7 . 1     U p t o  5  K g
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
       
    7 . 2     5 - 1 0  K g
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     A b o v e  1 0  K g
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
    8 . 1     M a t e r i a l  H a n d l i n g
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
Table of     8 . 2     P i c k  a n d  P l a c e        8 . 2 . 1  M a r k e t  T r e n d s
        8 . 2 . 2  M a r k e t  F o r e c a s t
    8 . 3     A s s e m b l y
Contents         8 . 3 . 1  M a r k e t  T r e n d s        8 . 3 . 2  M a r k e t  F o r e c a s t
    8 . 4     P a l l e t i z i n g  a n d  D e - P a l l e t i z i n g
        8 . 4 . 1  M a r k e t  T r e n d s
        8 . 4 . 2  M a r k e t  F o r e c a s t
    8 . 5     O t h e r s
        8 . 5 . 1  M a r k e t  T r e n d s
        8 . 5 . 2  M a r k e t  F o r e c a s t
9    M a r k e t  B r e a k u p  b y  E n d  U s e  I n d u s t r y
    9 . 1     A u t o m o t i v e
        9 . 1 . 1  M a r k e t  T r e n d s
        9 . 1 . 2  M a r k e t  F o r e c a s t
    9 . 2     E l e c t r o n i c s
        9 . 2 . 1  M a r k e t  T r e n d s
        9 . 2 . 2  M a r k e t  F o r e c a s t
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / c o l l a b o r a t i v e - ro b o t - m a r ke t / t o c
Disclaimer
© 2023  IMARC Al l  R ights  Reserved 
Th is  Pub l i ca t ion  and  a l l  i t ’ s  con ten ts  un less  o therw ise  men t i oned  a re  copy r i gh ted  in  the  name o f  
I n t e rna t i ona l  Marke t  Ana lys i s  Research  and  Consu l t ing  ( IMARC) .  No  pa r t  o f  t h i s  pub l i ca t ion  may  be  
rep roduced ,  repackaged ,  red i s t r i bu ted  o r  res o ld  i n  who le  o r  i n  any  pa r t .  The  pub l i ca t ion  may  a l so  
no t  be  used  i n  any  f o rm o r  by  and means  g raph i c  e lec t ron ic  o r  mechan ic a l ,  i nc lud ing  pho tocopy ing ,  
reco rd ing ,  t ap ing  o r  by  i n fo rmat i on  s to rage  o r  re t r ieva l ,  o r  by  any  o the r  f o rm,  w i t hou t  the  exp ress  
c ons en t  o f  I n t e rna t iona l  Marke t  Ana lys i s  Research  and  Consu l t i ng  ( IMARC) .
Disc la imer :  Al l  con ten ts  and  da ta  o f  t h i s  pub l i c a t i on ,  i nc lud ing  fo recas t s ,  da ta  ana lys i s  and  op in ion  
have  been  based  on  in f o rmat ion  and  sources  be l ieved  to  be  accu ra te  and  re l iab le  a t  t he  t ime  o f  
pub l i sh ing .  In t e rna t i ona l  Ma rke t  Ana l ys is  Research  and  Consu l t ing  makes  no  rep resen ta t ion  o f  
war ran t y  o f  any  k ind  as  to  t he  acc u racy  o r  comp le teness  o f  any  I n fo rmat i on  p rov ided .  IMARC 
accep ts  no  l i ab i l i t y  wha tsoever  f o r  any  los s  o r  damage  resu l t i ng  f rom op in ion ,  e r ro rs  o r  
i naccu rac ies  i f  any  f ound  th is  pub l i ca t ion .
IMARC,  IMARC Group  and  G loba l  Therapy  I ns igh t  Ser i es  a re  reg is t e red  t rademarks  o f  I n te rna t iona l  
Marke t  Ana lys i s  Research  and  Consu l t ing .  A l l  o the r  t rademarks  used  i n  th i s  pub l i ca t i on  a re  
reg i s te red  t rademarks  o f  t he i r  r espec t i ve  compan ies .
Contact Us
Visit us at :
https://www.imarcgroup.com
TELEPHONE: +1-631-791-1145 
E-MAIL: [email protected]