The key players that are dominating the global collaborative robot market include ABB Group, Hyundai Robotics, a division of Hyundai Heavy Industries Holdings, FANUC Corp., Yaskawa Electric Corp., KUKA AG, EPSON Robots, a company of Seiko Epson Corp., F&P Robotics AG, among others. The companies are constantly contributing to attract customers and also to stay competitive in the global collaborative robot industry. For instance, FANUC Corp. is one of the major players operating in the global collaborative robot market that offers human-robot collaboration. These robots improve working conditions for humans and also opens up new opportunities for the company.
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The companies are focusing on geographical expansion, mergers & acquisitions, finding a new market or innovate in their core competency in order to expand individual market share, which in turn tends to expand the overall collaborative robot market size. For instance, CR-7iA/L, a collaborative robot offered by FANUC Corp. is adopted by AUDI Belgium to check welding seams of products in complex situations. Thus, this enables the company to enhance its growth and geographical reach.
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In November 2019, Invertek, a global designing and manufacturing of variable frequency drives (VFDs), has merged two UR5 Cobots into the testing phase of its production line and drives boosts product testing by integrating collaborative robots into production.
In November 2019, Universal Robotics along with the Mobile International Robots opened 1500 sq. m collaborative robotics in Barcelona, that will further promote the company’s collaborative automation in Europe.
In April 2019, FANUC Corp’s novel collaborative CR-14iA/L robot showcased with a 14kg payload at the Hannover Messe. This is an addition to the CR series and combines the features of the smaller CR-7iA with those of the larger CR-15iA, which enhanced the company’s growth in the collaborative robot market.
In October 2018, Rethink Robotics, a collaborative robot manufacturing company was acquired by a German engineering company,The HAHN Group which is involved in automatization and robotics, which in turn strengthened its services and product portfolio.Rethink Robotics has been the leader in the industrial deployment of collaborative robots, or Cobots.The HAHN Group acquired all patents and trademarks of Rethink Robotics. The software platform, named INTERA5 was also under The HANN Group.
In October 2016, Zimmer Group presents the next gripper generation for human-robot collaboration, which ensures maximum safety, special robots, and customized handling components are required. High demands are made both to the robot itself and to the robotic tools used.
Current Market Trends Covered in the Collaborative Robot Market Report:
Increase in automation in various industries such as automotive manufacturing companies.
Asia-Pacific to show positive results in the collaborative robot market during the forecast period.
Favorable government policies and regulations
Rapid technological advancements
Demand for durable collaborative robots for handling and assembling &dissembling applications.
Global Collaborative Robot Market - Segmentation
Assembling and Dissembling
Food & Beverage
Metal & Machinery
Electrical & Electronics
Chemical, Rubber, and Plastic
Global Collaborative Robot Market – Segment by Region
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Middle East and Africa
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