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Market Leadership - Global Collaborative Robots Market
The global collaborative robots market is highly competitive and fragmented with a number of global and local players offering collaborative robots in various applications across regions. Since the past few years, the market has been growing at a significant rate owing to the increase in the demand for safety systems in several applications, especially the automotive sector. ABB Ltd. (Switzerland), KUKA AG (Germany), FANUC Corporation (Japan), Robert Bosch GmbH (Germany), Universal Robots (Denmark), Rethink Robotics (U.S.), Energid Technologies (U.S.), and MRK-Systeme GmbH (Germany) among others are some of the major companies in the collaborative robots market.
The key collaborative robots providers from Europe and North America led the global collaborative robots market in 2015. These companies have been expanding their offerings worldwide, especially focusing on the key markets in Asia-Pacific and RoW through collaborations, partnerships, acquisitions, and contracts among other strategies. Major companies have adopted various strategies such as mergers and acquisitions, partnerships, agreements, collaborations, new product launches, capacity expansions, and joint ventures to expand their global presence and increase the market share.
Automotive, electronics, metal and machining, plastic and polymers, food and beverages, furniture and equipment, pharma and chemistry comprised the major industries in which collaborative robots collaborative robots are used. The market for automotive and electronics industries is expected to grow at a significant rate during the forecast period. Universal Robots, ABB Ltd., and Rethink Robotics Inc. held a large share of the global collaborative robots market in 2015 and their presence is expected to provide a huge growth potential and lead the collaborative robots market through 2022.
Universal Robots is one of the largest suppliers of collaborative applications in the world. New product developments and mergers & acquisitions are likely to help the company lead the position in the collaborative robots market in the next five years. The company has been concentrating on enhancing the safety of its product line and increasing its global presence. It intends to expand its business in developing markets by providing innovative products. For instance, it recently developed UR3 a co-bot in March 2015, with payload capacity of 3 Kg. The company is also trying to gain a stronger foothold in the quality testing applications as well.
Rethink Robotics has been expanding its geographical presence and its focus is on providing innovative solutions which cater to the needs of consumers in different countries. It relies on technology to manufacture and develop a widely applicable collaborative robot. For instance, the company in September 2015 launched Sawyer, a collaborative robot with 4 kg payload capacity and stands the most advanced technology and specifications of low weight and 1260 mm reach. The company intends to employ a rigorous, forward-looking product development process to deliver new technologies that provide solutions for a variety of different applications. Rethink is also focusing on increasing its geographical presence, especially in developing countries through strategic partnerships.
Collaborative Robots Market by Payload (Up to 5 Kg, Up to 10 Kg, & Above 10 Kg), Application, Industry and Geography - Global Forecast to 2022
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