Collaborative Robot Market Size, Share, Statistics and Industry Growth Analysis Report by Payload (Up to 5 kg, 5-10 kg, 10-25 kg, & More than 25 kg), Application (Handling, Assembling & Disassembling, Dispensing), Industry (Automotive, Electronics, Metals & Machining) & Region - Global Growth Driver and Industry Forecast to 2030
Updated on : October 10, 2024
Collaborative Robot Market Size
The global Collaborative Robot market size was valued at USD 1.9 billion in 2024 and is estimated to reach USD 11.8 billion by 2030, Growing at a CAGR of 35.2% during the forecast period.
The growth of Collaborative Robot market is driven by the higher return on investment than traditional industrial robotic systems, increased demand in e-commerce and logistics sectors, significant benefits in businesses of all sizes, and easy programming of cobots.
Collaborative Robot Market Forecast to 20360
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Collaborative Robot Market Trends & Dynamics:
Drivers: Increased demand in e-commerce and logistics sectors
The surging demand in e-commerce and logistics has become a smart driving force for the collaborative robot (cobot) industry , addressing critical challenges and propelling operational efficiency. With increasing e-commerce sales, the need for warehouse workers is immense, and cobots bridge the labor gap by handling repetitive tasks, ensuring a more attractive work environment. Cobots boost operational efficiency through 24/7 operations, precision, scalability, and flexibility, maximizing warehouse utilization and improving order fulfilment. They integrate seamlessly with human workers, offering cost-effectiveness, data-driven optimization, and application in emerging areas like delivery automation and warehouse security. The synergy between the growing e-commerce landscape and advancing cobot technology foretells exponential growth, reshaping efficiency and transforming the dynamics of e-commerce and logistics.
Restraint: Higher preference for low-payload-capacity robots in heavy-duty industrial applications
The Collaborative Robot (Cobot) market size encounters a significant obstacle as the limited payload capacity of cobots hampers their adoption in heavy industries like automotive and machinery manufacturing. While cobots excel in light-duty tasks, their inability to handle heavier materials crucial in heavy-duty applications impedes market growth. This mismatch results in restricted market access, increased competition from traditional robots, and slower technological advancements in heavy-duty cobots. To overcome this restraint, efforts include developing high-payload cobots, industry-specific customization, fostering collaboration, and highlighting cobot advantages. By addressing the payload gap and emphasizing unique benefits, stakeholders can unlock the full potential of cobots in diverse manufacturing sectors.
Opportunities: Increasing focus of automation experts on pairing robotic arms with mobile platforms such as AMRs or AGVs
The collaborative robot (cobot) market share is experiencing significant growth through the integration of robotic arms with mobile platforms like Autonomous Mobile Robots (AMRs) and Automated Guided Vehicles (AGVs). This dynamic shift expands cobots' application scope, enabling tasks in dynamic warehouse automation, flexible manufacturing, and remote operations. The synergy enhances productivity, agility, and smart collaboration, with opportunities to boost throughput, reduce labor costs, and improve scalability. Stakeholders can maximize these opportunities by focusing on agile cobot platforms, investing in advanced software, ensuring standardization, promoting industry-specific solutions, and addressing safety and security concerns. This trend heralds a future where cobots move freely, collaborate intelligently, and revolutionize automation across industries. With the rise of Autonomous Mobile Robots (AMRs) and Autonomous Ground Vehicles (AGVs) designed for collaborative use, companies have started to combine mobility technology with collaborative robots. For instance, in December 2023, Robotize ApS (Denmark) launched the GoPal P35, its first platform Autonomous Mobile Robot (AMR), entering this segment alongside its existing pallet AMRs. With a compact footprint of 960 x 660 mm, the GoPal P35 accommodates various top modules and accessories, fulfilling customer requests for a platform AMR with high uptime and operational reliability.
Challenge: Payload and speed limitations of collaborative robots owing to their inherent design.
The collaborative robot market size faces substantial challenges due to inherent design limitations in payload and speed. Cobots, with payload capacities typically under 20 kg, struggle with heavy-duty tasks, limiting their application in industries like heavy manufacturing and construction. Additionally, their slower speeds impede adoption in fast-paced sectors such as electronics assembly. Despite their advantages in human-robot collaboration, cobots often carry a higher per-unit cost, making it challenging to justify investments compared to traditional industrial robots. Market competition and user demand may drive manufacturers to improve payload and speed capabilities, but emerging technologies like exoskeletons pose alternative solutions. The cobot market may experience slower overall growth, emphasizing the need for technological advancements and strategic focus on niche applications to overcome these limitations and foster sustained market expansion.
Collaborative Robot Ecosystem
Collaborative Robot Segmentation
Collaborative robots (cobots) with a payload capacity of up to 5kg present a compelling solution across industries, offering advantages in flexibility, ease of use, improved productivity, cost-effectiveness, and increased versatility. Their user-friendly programming interfaces enable quick deployment and adaptation to change tasks, making them accessible even to individuals with limited technical expertise. The lightweight and compact design of these cobots allows for easy integration into existing workspaces without extensive modifications, facilitating greater adaptability in production lines. They contribute to increased productivity by performing repetitive tasks with high accuracy, reducing the burden on human labor, and improving worker safety by handling potentially hazardous activities. With lower upfront costs and a faster return on investment, these cobots are an ideal choice for small and medium-sized enterprises, extending a wide range of applications from assembly and soldering to quality inspection and material handling.
Collaborative Robot Market Share
Market for handling segment is projected to hold for largest share during the forecast timeline.
Collaborative robots, or cobots, play a pivotal role in shared workspaces, excelling in four key handling tasks. In pick-and-place operations, cobots showcase high repeatability, programmability, and lightweight flexibility, making them ideal for accurate and repetitive tasks. For material handling, their versatility with different grippers and tools enhances efficiency, improves ergonomics, and increases overall productivity by taking over manual tasks. In packaging and palletizing, cobots exhibit dexterity, speed, and consistency, leading to reduced labor costs as they automate repetitive packaging duties. In machine tending, cobots ensure uninterrupted machinery operation with their reliability, precision, and enhanced safety, handling tasks near potentially hazardous machinery. Overall, collaborative robots prove invaluable in diverse industries, offering several benefits such as improved efficiency, safety, and productivity in handling applications.
Automotive segment in industry to hold the highest market share of the Collaborative Robot market during the forecast period
The incorporation of collaborative robots (cobots) in the automotive sector has revolutionized manufacturing processes, bringing about increased productivity, enhanced worker safety, adaptability, and cost-effectiveness. Cobots, designed to collaborate with human workers, excel in automating light and repetitive tasks, boosting production rates and maintaining consistent quality. The advanced sensors and vision systems of cobots ensure a safe working environment by detecting human presence and triggering appropriate responses. The adaptability of cobots allows for easy reprogramming and redeployment, facilitating a swift response to changing production requirements. Despite a potentially higher initial investment, the cost-effectiveness of cobots becomes evident through faster returns on investment, minimal setup times, and reduced reliance on specialized technicians. In essence, collaborative robots have become integral assets in the automotive industry, shaping the future of manufacturing practices.
Collaborative Robot Market Regional Analysis
The Collaborative Robot market in the Asia Pacific is estimated to grow at a higher CAGR during the forecast period.
The aging population in China and Japan has resulted in rising labor costs, leading to the growing adoption of automation. This is compelling companies to adopt automation and collaborative robots to reduce costs. With increasing labor costs, China is expected to further increase investments in automation to maintain its cost advantage in production. As a result, China's collaborative robot (cobot) market will remain dominant during the forecast period. China is moving from labour-intensive simple industries toward manufacturing high-tech goods, such as semiconductors, through its Made in China 2025 policy. The presence of some of the most prominent players in the collaborative robot (cobot) market space, such as FANUC Corporation (Japan), Yaskawa Electric Corporation (Japan), DENSO Corporation (Japan), Techman Robot (Thailand), and Doosan Robotics (South Korea), is another major factor driving the market in this region.
Collaborative Robot Market Size by Region
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Collaborative Robot Companies - Key Market Players
Major vendors in the Collaborative Robot companies include
- Universal Robots A/S (Denmark),
- FANUC CORPORATION (Japan),
- ABB (Switzerland),
- TECHMAN ROBOT INC. (Taiwan), and
- AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD (China),
- KUKA AG (Germany),
- Doosan Robotics Inc. (South Korea),
- Denso Corporation (South Korea),
- YASKAWA ELECTRIC CORPORATION (Japan),
- Rethink Robotics GmBH (Germany).
Apart from this, Siasun. Robot & Automation Co., Ltd. (China), Franka Emika GmbH (Germany), Comau S.p.A. (Italy), F&P Robotics AG (Switzerland), Stäubli International AG (Switzerland), Bosch Rexroth AG (Germany), Productive Robotics, LLC (US), NEURA Robotics GmbH (Germany), ElephantRobotics (China), Elite Robots (China), Niryo (France), Hanwa Corporation (South Korea), OMRON Corporation (Japan), Wyzo (Switzerland), MIP Robotics (France), Kawasaki Heavy Industries, Ltd. (US), Dobot (China), JAKA Robotics (China), Huiling Tech (China) are among a few emerging companies in the Collaborative Robot market.
Collaborative Robot Market Report Scope
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Report Metric |
Details |
| Estimated Market Size | USD 1.9 billion in 2024 |
| Projected Market Size | USD 11.8 billion by 2030 |
| Growth Rate | Growing At CAGR of 35.2% |
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Collaborative Robot Market Size available for years |
2020—2030 |
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Base year |
2023 |
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Forecast period |
2024—2030 |
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Segments covered |
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Geographic regions covered |
North America, Europe, Asia Pacific, and RoW |
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Companies covered |
The major players include Universal Robots A/S (Denmark), FANUC CORPORATION (Japan), ABB (Switzerland), TECHMAN ROBOT INC. (Taiwan), and AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD (China), KUKA AG (Germany), Doosan Robotics Inc. (South Korea), Denso Corporation (South Korea), YASKAWA ELECTRIC CORPORATION (Japan), Rethink Robotics GmBH (Germany) and Others- total 29 players have been covered. |
Collaborative Robot Market Size Highlights
This research report categorizes the Collaborative Robot market size payload, industry, application, and Region.
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Segment |
Subsegment |
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By Payload: |
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Collaborative Robot Market Size, By Application: |
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Collaborative Robot Market Size, By Industry: |
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Collaborative Robot Market Size, By Region: |
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Recent Developments in Collaborative Robot Industry
- In November 2023, TECHMAN ROBOT INC. (Taiwan) revealed the TM AI Cobot TM25S at iREX 2023, showcasing its 25kg payload capacity and advanced features for precision tasks. The cobot's integration with NVIDIA's Isaac Sim platform streamlined production line inspections, reducing programming times by 70% and cycle times by 20%.
- In June 2023, Universal Robots A/S (Denmark) and SICK AG (Germany) collaborated on an innovative safety solution addressing the need for enhanced safety measures in specific human-robot collaborative applications. The SICK safety extension, designed in close partnership with Universal Robots, offers a protective volume around the robot tool and handled objects, facilitating easier deployment. The system, showcased at Automatica in Munich, Germany, demonstrated its deep integration into the UR robot system through a PolyScope update, making cobot safety solutions more accessible for customers. The solution, aimed at fostering spatial cooperation while meeting stringent safety requirements, is set for sale post the UR PolyScope update in early Q2 2024.
Key Questions Addressed in the Report
What is the total CAGR expected to be recorded for the Collaborative Robot market during 2024-2030?
The global Collaborative Robot market is expected to record a CAGR of 35.2% from 2024-2030.
Which regions are expected to pose significant demand for the Collaborative Robot market from 2024-2030?
Asia Pacific & Europe are expected to pose significant demand from 2024 to 2030. Major economies such as US, Germany, China, Japan, and South Korea are expected to have a high potential for the future growth of the market.
What are the major market opportunities for the Collaborative Robot market?
Increasing focus of automation experts on pairing robotic arms with mobile platforms such as AMRs or AGVs, growing number of subscriptions for Raas model, and rising demand for automation in healthcare industry are the significant market opportunities in the Collaborative Robot market during the forecast period.
Which are the significant players operating in the Collaborative Robot market?
Key players operating in the Collaborative Robot market are Universal Robots A/S (Denmark), FANUC CORPORATION (Japan), ABB (Switzerland), TECHMAN ROBOT INC. (Taiwan), AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD (China), KUKA AG (Germany), Doosan Robotics Inc. (South Korea), Denso Corporation (South Korea), YASKAWA ELECTRIC CORPORATION (Japan), Rethink Robotics GmbH (Germany).
What are the major industries of the Collaborative Robot market?
Automotive, Electronics, Metals & Machining, Plastics & Polymers, Food & Beverages, Furniture & Equipment, Healthcare, Logistics, and Others are the major applications of Collaborative Robot market.
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The research study involved the extensive use of secondary sources, directories, and databases (annual reports or presentations of companies, industry association publications, directories, technical handbooks, World Economic Outlook (WEO), trade websites, Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial study of the Collaborative Robot market. Primary sources mainly comprise several experts from the core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, system providers, technology developers, alliances, and standards and certification organizations related to various phases of this industry’s value chain.
Secondary Research
Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain key information about the industry’s supply chain, market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), geographic markets, and key developments from both market- and technology-oriented perspectives. The secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.
Primary Research
In the primary research process, various primary sources from the supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts, such as CEOs, vice presidents, marketing directors, technology & innovation directors, and related key executives from key companies and organizations operating in the Collaborative Robot market across four major regions: North America, Europe, Asia Pacific, and RoW (South America, GCC, and Rest of MEA). Primary data has been collected through questionnaires, e-mails, and telephonic interviews. Approximately 40% and 60% of primary interviews have been conducted from the demand and supply sides, respectively.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been used along with several data triangulation methods to perform market estimation and forecasting for the overall market segments and subsegments listed in this report. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).
In this approach, important players, such Universal Robots A/S (Denmark), FANUC CORPORATION (Japan), ABB (Switzerland), TECHMAN ROBOT INC. (Taiwan), and AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD (China), have been identified. After confirming these companies through primary interviews with industry experts, their total revenue has been estimated by referring to annual reports, SEC filings, and paid databases. Revenues of these companies pertaining to the business units (Bus) that offer Collaborative Robot have been identified through similar sources. Industry experts have reconfirmed these revenues through primary interviews.
Collaborative Robot Market: Bottom-Up Approach
The bottom-up approach has been employed to arrive at the overall size of the Collaborative Robot market from the revenues of key players and their share in the market.
Collaborative Robot Market: Top-Down Approach
In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research. The most appropriate immediate parent market size has been used to implement the top-down approach to calculate the market size of specific segments. The top-down approach has been implemented for the data extracted from the secondary research to validate the market size obtained.
Each company’s market share has been estimated to verify the revenue shares used earlier in the supply-side approach. The overall parent market size and individual market sizes were determined and confirmed in this study by the data triangulation method and the validation of data through primaries. The data triangulation method used in this study is explained in the next section.
Data Triangulation
After arriving at the overall market size from the market size estimation process explained earlier, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the Collaborative Robot market has been validated using both top-down and bottom-up approaches.
Market Definition
As per the International Federation of Robotics (IFR), robots designed for collaborative use need to comply with the International Organization for Standards (ISO) norm 10218-1, which specifies requirements and guidelines for the inherent safe design, protective measures, and information for the use of industrial robots.
Collaborative robots (also known as cobots) are designed to work together with humans with high precision, speed, and strength to achieve improved efficiency in production. Integration of robots to assist humans helps to significantly reduce the workload of workers and relieve them from monotonous and repetitive tasks. Collaborative robots comes up as an emerging automation technology, and complements the existing industrial robotics market. The integration of collaborative robots significantly reduces the overall cost of ownership of factory automation solutions, specifically for small and medium-sized enterprises (SMEs). Collaborative robot operations are mainly governed by the ISO 15066:2016 standard that further identifies various safety requirements. Other standards leading the safe operations of cobots include ISO 10218-1:2011, RIA/ANSI R15.06- 2012, ISO 12100:2010, and ISO 13849-1:2008.
Key Stakeholders
- Original Equipment Manufacturers (OEMs)
- OEM Technology Solution Providers
- Research Institutes
- Market Research and Consulting Firms
- Forums, Alliances, and Associations
- Technology Investors
- Governments and Financial Institutions
- Analysts and Strategic Business Planners
- End users who want to know more about the technology and the latest technological developments in the industry
Report Objectives
- To describe and forecast the collaborative robot (cobot) market by payload, application, and industry, in terms of value
- To describe and forecast the market by payload, application, and industry, in terms of volume
- To describe and forecast the market for four main regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW), in terms of value and volume
- To provide detailed information regarding factors, including drivers, restraints, opportunities, and challenges, influencing the growth of the market
- To provide a detailed overview of the value chain pertaining to the ecosystem of the market
- To provide an ecosystem analysis, case study analysis, patent analysis, technology analysis, ASP analysis, Porter’s Five Forces analysis, and regulations pertaining to the market.
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To analyze opportunities in the market for various stakeholders by identifying high-growth segments
- To benchmark players operating in the market using the proprietary Competitive Leadership Mapping framework, which analyzes market players using various parameters within the broad categories of business and product strategy
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape for market leaders
- To analyze competitive developments such as collaborations, agreements, partnerships, product developments, and research and development (R&D) in the market
- To evaluate the impact of the recession on the Collaborative market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 7)
Generating Response ...
Growth opportunities and latent adjacency in Collaborative Robot Market
I teach a course titled "Technology, Innovation and Future of Work". It is a graduate level course in our Business School (elective course of Operations Management Area). Robots and Cobots in manufacturing is a module of the course. Your report will be useful in explaining the significance of cobots/robots in manufacturing. So, can you help me with a sample and few more insights on this?
I'm writing an article on cobots in Pharma labs (R&D and QC). Would you like to comment on data/trends/uses? Deadline Dec. 24.
hey guys, I'm working on an Augmented reality startup and we had the idea to enable robot collaboration with Augmented Reality glasses. Unfortunately we're bootstrapping (out of University) and cannot afford to buy a report in this price range. However it would be great to find a few more information about this arising industry.
I'm a New-York-based journalist working with a new science and technology magazine being launched this spring. I'm writing a piece about the rise of cobots, and would love to talk to one of your analysts about the report "Collaborative Robot Market worth $12,303 million by 2025", and quote them in this piece. Would someone be free to talk with me? If so, let me know a good time and we'll do it!
We are a robot drive manufacturing company and our specific interest lies in collaborative robot market for above 10 kg and their respective applications interlinked with regional analysis.
I wonder why there is completely missing Mitsubishi electric (one of the top robot producers).
My thesis for my EMBA is based on the cobot market. Would be great to be able to use some of the research in this report.
Dear Sir or Madam, I am a student at an University and writing my dissertation about collaborative robots. Therefore, I would like to ask you if it is possible to send me any information regarding the price forecast for collaborative robots? If so, it would be great and I would be very grateful since I am not able to buy your report due to my financial situation. However, I am really interested in Cobots.
I'm evaluating collaborative robot market for our company's new business area. So, I want to know the each region's market size and upcoming applications in detail.
I'm a course designer at an university for the subject 'industrial automation'. I am thinking of including some content on collaborative robots in our curriculum and hence would like to understand the role of collaborative robots in industrial automation. Few use cases also might be helpful.
Hi, I would request for a free sample report as I need to validate the collaborative robot market data for one of my clients. If found satisfactory, the client will buy it for sure.
We are looking for report focusing on Mexican collaborative robot market (overall and by industry) and after-market services of collaborative robots. Could you please quickly provide estimated fees and timeline for delivery?
We are looking to get into the business of collaborative robots as our clients face a big challenge to configure Industrial Robots. Does this cover the aspect of better RoI owing to adoption of collaborative robots compared to industrial robots?
I have been approached by a company that wants to hire me to sell Collaborative Robots. I am investigating the market before I make a decision.
Investigating the availability and capability of Collaborative Robots for applications in Body Shops in Automotive Assembly Plants, especially for assisting manual installations and assembly processes.
We are trying to identify the ideal collaborative robot for a material handling task for one of our clients. Can this report address our concern?
I am working on a project in industrial automation focusing on collaborative robots. My immediate task is a market sizing exercise. Hence would need insights on annual shipment and selling prices for various companies.
I would like to know more about COVID 19 impact on Cobots Industry.
I would like to know more about COVID 19 impact on Cobots Industry.
I'm looking to refer this study for understanding the growth opportunities specifically in machine tending and processing applications. The insights obtained will have a direct impact on our upcoming R&D investments for product development.
I intend to use the report for academic purpose, namely for the theoretical introduction of my master thesis. Can I get some insight about the collaborative robot market? I would cite your report as a part of references.
As I´m preparing a report about collaborative robots market developments, I would like to use some of the figures in your report. Can you help me with this?
Dear MarketsandMarkets, I am writing my PhD thesis about the collaborative robots, I would like to use your research result in the introduction chapter (main players, forecast in the future). Of course keeping the correct citation and reference rules. Please share your research with me.
Does the report cover information on, how you categorize revenues for different application types? Additionally, testing doesn’t seem to be that large last year. I will purchase the report if you can provide some insights specifically around this application – waiting for your reply and if you think the question can be answered I will purchase soon. High priority, urgent purchase requirement, I can specifically visit your premises post confirmation as I am currently working on a project in Pune.
We are a venture capital firm and are trying to understand the state of the art in AI for cobot vision, task definition, error handling etc. Further, insights on the new entrants with AI integrated vision products offered in the market would help us in making investment decisions.
I have recently joined a renowned robotics institute, and I am trying to get a perspective and an estimate of market sizes of various end use industries such as automotive, electronics, and food. Can you share a document with me for the same?
Since, covid has impacted the market for cobots, in what innovative ways can the companies bounce back?
I would like to check the collaborative robot market status and growth etc. as my company is preparing new 5G smart factory product.
I'm currently writing my thesis for bachelor in business and economics, where I'm analyzing the impact of the future technological advancements on the collaborative robot market and how is it going to affect the SMEs (small medium enterprises) worldwide. Therefore this forecast would be very valuable to me.
I'd like to get an idea on how have you incorporated impact of future technology trends for forecasting collaborative robots market.
Interested in partnering with other industrial and collaborative robot manufacturers. Can you help us with few crucial details?