Collaborative Robot Market
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Global <strong>Collaborative</strong> <strong>Robot</strong> <strong>Market</strong>: Snapshot<br />
<strong>Collaborative</strong> robots are tools designed and developed for automating tasks and<br />
making work simpler for humans. The continuous development in the automation<br />
industry is expected to boost the growth of the global collaborative robot market in<br />
the coming years. The safety of these robots has increased their demand in various<br />
end-user industries are they can perfectly work in tandem with the human<br />
workforce. The report states that the global collaborative robot market is expected<br />
to be worth US$95.0 bn by the end of 2024 as compared to US$10.3 bn in 2015.<br />
Between the forecast years of 2016 and 2024, the global market is anticipated to<br />
expand at a CAGR of 30.0%.<br />
The global collaborative robot market is expected to be fueled by the wide range of<br />
collaborative robots that have allowed automation companies the chance to pick<br />
the perfect product. Furthermore, the ability of these machines to work with other<br />
workforces without interference and without any stringent needs for safety are also<br />
augmenting the demand for collaborative robots. The movements of these robots<br />
can be easily programmed through logical processes that include intuitive tools.<br />
Obtain Report Details @<br />
http://www.transparencymarketresearch.com/collaborative-robots-market.html<br />
Material Handling Segment Offers Unprecedented Support to Global<br />
<strong>Collaborative</strong> <strong>Robot</strong> <strong>Market</strong><br />
The report states the growing need for automation in sectors such as packaging,<br />
automotive, food and beverages among others will definitely contribute to the<br />
soaring revenue of the global market. Currently, these robots are predominantly<br />
being used for material handling, packaging, machine tending, and assembly tasks.<br />
A unique feature of collaborative robots is their force-limited joints, which have been<br />
designed with utmost deliberation to identify forces due to impact and react quickly.<br />
The low weight of collaborative robots has played an important role in the growth of<br />
the global market.<br />
On the basis of application, the global collaborative robots market is segmented into<br />
packaging, material handling, quality testing, assembling, machine tending,<br />
welding, and others. Material handling segment accounted for the highest market<br />
share in the global collaborative robot market. These robots play an important role
in storing of materials in distribution centers and warehouses. Depending on<br />
payloads the collaborative robot market is bifurcated into up to 5 kg, 6-10 kg, and<br />
above 10 kg. The various capacities of collaborative robots also have different<br />
sensors. These have rounded edges for safety purposes and to reduce the risk of<br />
impact.<br />
This 147-page report gives readers a comprehensive overview of the<br />
<strong>Collaborative</strong> <strong>Robot</strong> <strong>Market</strong>. Browse to unlock the hidden opportunities in<br />
this market<br />
http://www.transparencymarketresearch.com/sample/sample.php?<br />
flag=B&rep_id=15536<br />
Europe Dominates Global <strong>Market</strong> as Region Emphasizes on Automation<br />
On the basis of geography, the global collaborative robot market is segmented into<br />
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.<br />
As of 2015, Europe dominated the global market in 2015 in terms of revenue. The<br />
steady focus on automation has kept the demand for collaborative robots in the<br />
region at an all-time high. As of 2015, Europe collaborative robot market held a<br />
share of 36.4% in the overall market. Analysts predict that North America will follow<br />
the lead in terms of revenue as the region’s economy climbs back to normalcy after<br />
the slump. Asia Pacific is also expected to offer several lucrative opportunities to the<br />
global market in the coming years as the manufacturing activities gain momentum.<br />
The key players operating in the global collaborative robot market are ABB Ltd.,<br />
Fanuc Corporation, Kuka Ag, Teradyne Inc., Robert Bosch GmbH, Rethink <strong>Robot</strong>s,<br />
Energid Technologies, F & P <strong>Robot</strong>ics AG, Nachi <strong>Robot</strong>ic Systems, Inc., and Kawasaki<br />
Heavy Industries, Ltd. among others.<br />
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