The market for collaborative robots is expected to grow at a CAGR of 56.6% from 2016 to 2023. The global market for collaborative robots reached USD 189.5 million in 2016 owing to increasing focus towards automation by manufacturing companies as well as growing demand for compact, lightweight and dexterous robots along with low average selling price and higher returns by investing on collaborative robots.

Europe dominates the collaborative robots market globally however the Asia pacific is expected to provide good opportunities in terms of market growth owing to increasing demand from various end-user industries, especially the automotive sector.

This research report on collaborative robots market provides in-depth analysis of the global market based on payload capacity, application and industry and major geographies for the period from 2016 to 2023. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for collaborative robots market. The report also analyses the competitive landscape and the major player and their market share in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.

The report also profiles the major companies active in this field, including Universal Robots (Teradyne Inc.), KUKA AG (Midea Group Co. Ltd.), FANUC Corporation, Robert Bosch GmbH, Rethink Robots, ABB, Precise Automation Inc., Yaskawa Electric Corporation, F&P Robotics AG, MABI Robotics, AUBO Robotics.

The global collaborative robots market is segmented on the basis of payload capacity, applications, industry and geography:

Global Collaborative Robots Market by Payload Capacity
• Up to 5 Kg
• Between 5 Kg to 10 Kg
• Above 10 Kg

Global Collaborative Robots Market by Industry
• Automotive
• Food & Agriculture
• Furniture & Equipment
• Plastics & Polymer
• Metals & Machining
• Electronics
• Healthcare
• Others

Global Collaborative Robots Market by Applications
• Pick & Place
• Assembly
• Machine Tending
• Quality Inspection
• Handling
• Packaging & Palletizing
• Gluing & Welding
• Others

Global Collaborative Robots Market by Region
• North America
• Europe
• Asia-Pacific
• RoW

Countries with high growth opportunity for Global Colloborative Market Revenue Forecast, 2016-2021
• USA
• Canada
• Germany
• China
• Japan
• South Korea

Global Collaborative Robots Market Competitive Landscape
• Major Players and their Market Share Analysis
• New product launches
• Mergers and acquisitions
• Collaborations, partnerships, agreements and joint ventures