Dublin, Aug. 15, 2018 (GLOBE NEWSWIRE) -- The "Global Collaborative Robot (Cobot) Market: Focus on Industry and Application - Analysis and Forecast, 2018-2023" report has been added to ResearchAndMarkets.com's offering.

In 2017, the collaborative robot market accounted for a market value of $283.7 million which is anticipated to grow with 63.95% CAGR from 2018 to 2023.

Collaborative robots are used in industries to perform applications, such as assembly, pick & place, packaging & palletizing, machine tending, screw driving, among others. Some of the features, such as the capability to be used alongside humans, easy installation & operation, and lower cost when compared with conventional industrial robots, set the collaborative robots apart from the traditional robot. With all these additional benefits, collaborative robots also provide enhanced process efficiency and unmatched cost reduction.

Therefore, the demand for collaborative robots has shot up, especially in the last decade. In the past two to three years the industry has witnessed several new product launches from traditional industrial robot manufacturers. These product launches underline a clear shift undergoing in the robotics industry where collaborative robots are emerging as the next big thing.

The demand for collaborative robots is rapidly increasing among different industries across the globe. The market is driven by a number of factors, such as growing market penetration of collaborative robots across multiple applications, increased productivity at the workplace, declining prices & quick return on investment, and minimal infrastructure, and flexible operation of collaborative robots, among others.

Some of the key players in the collaborative robot market include:

• ABB Robotics
• AUBO Robotics
• Bosch Rexroth AG
• Comau SpA
• DENSO WAVE INCORPORATED
• Fanuc Corporation
• KUKA AG
• NACHI-FUJIKOSHI CORP.
• Precise Automation, Inc.
• Productive Robotics, Inc.
• Rethink Robotics
• Seiko Epson Corporation
• Techman Robots
• Universal Robots A/S
• Yaskawa Electric Corporation

Key Topics Covered:

Executive Summary

1 Market Dynamics
1.1 Market Drivers
1.1.1 Rising Market Penetration of Collaborative Robots across Multiple Applications
1.1.2 Increased Productivity at Workplace
1.1.3 Declining Prices and Quick Return on Investment
1.1.4 Minimal Infrastructure and Flexible Operation of Collaborative Robots
1.2 Restraints
1.2.1 Technological Challenges for Compliance
1.2.2 Lack of Capabilities Related to the Faster Cycle Time
1.3 Opportunities
1.3.1 Emerging Automation Driven Industries in Developing Countries
1.3.2 Rising Demand for Collaborative Robots with High Payload Capacity

2 Competitive Insights
2.1 Competitive Landscape
2.2 Business Strategy Excellence and Market Synergies
2.2.1 Product Launches
2.2.2 Partnerships, Agreements and Collaborations
2.2.3 Acquisitions
2.2.4 Others
2.3 Competitive Leadership Mapping (Visionary Leaders, Dynamic Differentiators, Innovators, Emerging Companies)
2.4 Market Share Analysis
2.5 Competitive Benchmarking Map
2.6 Product Pricing Analysis

3 Industry Analysis
3.1 Key Industry Safety Standards and Patents
3.1.1 Key Industry Safety Standards
3.1.2 Patent Analysis
3.2 Value Chain Analysis
3.3 Industry Attractiveness: Five Forces Analysis
3.3.1 Threat of New Entrants
3.3.2 Threat of Substitutes
3.3.3 Bargaining Power of Suppliers
3.3.4 Bargaining Power of Buyers
3.3.5 Intensity of Competitive Rivalry

4 Global Collaborative Robot Market, 2018-2023
4.1 Assumptions and Limitations
4.2 Market Overview

5 Global Collaborative Robot Market by Industry
5.1 Market Overview
5.2 Automotive
5.3 Electrical, Electronic, and Semiconductor
5.4 Plastic and Polymer
5.5 Pharma and Chemistry
5.6 Food and Beverage
5.7 Aerospace and Defense
5.8 Metal and Machining
5.9 Other

6 Global Collaborative Robots Market by Application
6.1 Market Overview
6.2 Material Handling
6.3 Small Parts Assembly
6.4 CNC Machine Tending
6.5 Molding Operations
6.6 Test and Inspection
6.7 Packaging and Palletizing
6.8 Polishing
6.9 Screw Driving
6.10 Gluing, Dispensing, and Welding
6.11 Other

7 Collaborative Robot Market by Region
7.1 Market Overview
7.2 North America
7.3 Europe
7.4 Asia-Pacific
7.5 Rest-of-the-World (ROW)

8 Company Profiles

9 Research Scope & Methodology
9.1 Scope of the Report
9.2 Global Collaborative Robot Market Research Methodology

10 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/sd4jm5/global?w=12

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Related Topics: Robotics, Industrial Automation