Collaborative Robot Hardware Market to Witness Enhanced Growth in Various Industrial Applications 2017-2022

The global Collaborative Robot Hardware Market is segmented on the basis of application, end-user and geography. Collaborative industrial robots are an offshoot of the traditional industrial robots. It is lightweight, mobile and flexible industrial robot that can work alongside human beings without any concern about the safety of the human co-worker.

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With the global economy becoming more competitive, small & medium enterprises struggle to stay float while providing quality goods to their customers as well as eyeing to grab their share in the global market. Additionally, the rising labor cost and lack of skilled labor is putting a strain on the productivity of these small industries. Hence they are gradually shifting their gear to automate their manufacturing facilities with the use of collaborative industrial robots.

On the basis of application, the global collaborative robot hardware industry is segmented into general assembly, material handling, painting, inspection, welding and so on. The primary contributor to this growing market share is that the materials handling machines and systems are universally deployed in almost all manufacturing and distribution industries and involve resource consuming operations.

On the basis of end-user, the global collaborative robot hardware industry is segmented into automotive, rubber & plastic, food & beverage, aerospace, polymer, life sciences, electrical & electronics and semiconductor, and so on. The segment “automotive” to dominate the collaborative robot hardware market during the forecast period. Collaborative robots are being preferred by automotive end-users due to their numerous advantages such as weight, lower cost, and footprint, easy to program and integrate.

Also, collaborative robots empower employees and reduce their work stress. For instance, Volkswagen uses collaborative robots to assist human workers in difficult tasks such as the application of toxic glue and lifting heavy weights and perform jobs with repetitive strain such as material handling.

On the basis of geography, the global collaborative robot hardware industry is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific accounted for the maximum market share and will continue to dominate the market for the next few years. The collaborative robot hardware market in Asia Pacific is characterized by its strong automotive, electrical and electronics, semiconductor, and metal processing industries.

The key players of global collaborative robot hardware market are Adept Technologies Inc., ABB, Denso Group, Fanuc Corporation, KUKA AG, Nachi Fujikoshi Corporation, Rethink Robotics, Universal Robots, Yaskawa Group, Seiko Epson Corporation, Alfa Robot, DLR, EPSON, ENGEL, Hans Hundegger, HARMO, iRobot, kawada Industries, Kawasaki Robotics, OMRON Adept Technologies, Nachi-Fujikoshi, Sepro Group, Staubli, TecnoMatic Robots, WITTMANN, Yamaha Robotics and Yaskawa Motoman.

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China, Japan and South Korea are the major adopters of cobots in the region. In developing countries India, Vietnam, Malaysia’s and Indonesia should create demands for modern industrial robots, including robots in their domestic industries. However, the weak economy of Japan and the saturation of market in China will affect the global collaborative robot hardware market in the coming years.