Skip to main content

Collaborative Robots Market: Industry Analysis And Detailed Profiles Of Top Industry Players

Transparency Market Research states that the competition in the global Collaborative Robot Market is likely to intensify in the coming years. Several leading players are expected to show plans of expansion in emerging markets of the world. Kawasaki Heavy Industries Ltd., Robert Bosch GmbH, ABB Ltd., and Kuka AG are expected to focus on innovation and launch of new products to cater to the ever-changing needs of the dynamic end-industries. The companies are also expected to have heavy investments in research and development in the coming years to stay ahead of the competition with state-of-art products.


Europe to Lead Global Market with 33.9% Share by 2024

The research report anticipates that the global collaborative robot market is likely to be worth US$ US$95.0 bn by 2024 from US$10.3 bn in 2016. During the forecast period of 2016 and 2024, the global market is estimated to rise at a whopping CAGR of 30.0%. In terms of regions, the Europe collaborative robot market is expected to stay ahead of others. Towards the end of the forecast period, this regional market is slated to acquire a share of 33.9% in the global market. Analyst anticipate that this regional will witness a minor slump, despite which, it will continue to lead the pack. Collaborative robots are extensively used in the areas of machine tending, material handling, quality testing, assembly welding, and packaging. Out of these, the report states, that the material handling segment will dominate the global market. In the coming years, the material handling segment is likely to hold a share of 23.8% in the overall market.


Demand for Automation Drivers Uptake of Collaborative Robots

The steady progress of the collateral robot market is predominantly attributable to the tremendous effort made by manufacturers to humanize the robots. Introduction of innovative technologies to make robotic effort more intuitive than just mechanical has had a major pay off over the years. This has translated into automation of several manufacturing processes in various industries across the globe. The growing awareness to automate processes in order to eliminate the errors of humans has provided the global collaborative robots market a significant impetus.

Mushrooming automobile sector that demands accurate automation at assembly lines has played a positive role in the progression of the global market. Remarkable precision and the ability of collaborative robots to work with humans in a completely safe manner has also prompted various end users to invest in these machines. The reasonable pricing of these robots against the tremendous profitability they ensure has also had a positive influence on the global market. The report states that the emerging economies will make a serious investment in collaborative robots to up their manufacturing game in the near future.


Slow Process Duration becomes Challenging for Global Market


On the other hand, despite the headstrong market driver, the global collaborative robot market faces a challenges. Currently, the global market faces the issue of slow production rate of collaborative robots, which has hampered the process duration. The slowdown in process duration has posed a major challenge to the global market.

Comments

Post a Comment

Popular posts from this blog

Global Thin Wafer Processing and Dicing Equipment Market - A cutting-edge technology, industry survey and new business opportunities 2024

Global Thin Wafer Processing and Dicing Equipment Market: Overview Rising demand for three dimensional integrated circuit used extensively across various miniature semiconductor devices is one of the important factor anticipated to boost the demand for thin wafer processing and dicing equipment in the coming years. Three dimensional integrated circuit are increasingly adopted across various space constrained applications including portable consumer electronic devices, sensors, MEMS and industrial products as it increases the overall performance of the products in terms of speed, durability, low power consumption, light weight and memory. Moreover, three dimensional integrated circuit also helps to reduce the area of consumption in a printed circuit board and in turn enables extensive cost reduction. Thin wafer of thickness 20 um – 50 um is an integral part of the three dimensional integrated circuit technology. Thus, anticipated increasing demand for three dimensional integra...
1 comment
Read more

Automotive Valves Market to Showcase Continued Growth in the Coming Years

The global  automotive valves market  is anticipated to be pampered by the soaring demand for automobiles underlining the significance of the valves in evaluating their performance. Automobiles equipped with ecofriendly and advanced engines being highly demanded are envisioned to subsequently benefit the growth of the market. Owing to the inclination of consumers toward electric automobiles, solenoid valves could welcome a growing demand in the market. The electrification of automobiles, introduction of sophisticated technology, and increased manufacturing are projected to be crucial factors important for the growth of the market. New government regulations enforced on automobile manufacturers for safeguarding the environment could augment the demand for automotive valves with the production of efficient and environment-friendly automobiles. Request A Sample Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=30977 The global a...
Post a Comment
Read more

RFID Tags Market is Expected to Grow at the Highest CAGR During the Forecast Period

Key players in the  U.S. RFID tags market  are Atmel Corporation, HID USA Corporation, Invengo Information Technology Ltd. Co., and NXP Semiconductors N.V. Competition among them and among other players are expected to heat up further over the course of next few years as they try to expand their market shares both via the inorganic route of mergers and acquisitions and organic route of product development and diversification. A report on the market published by Transparency Market Research finds that it would rise at an 8.5% CAGR over the course of the forecast period starting from 2017 and ending in 2025. At this pace, the market which was valued at US$809.4 mn in 2016, will likely become worth US$1,672.5 mn by 2025-end. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24536 The two types of RFID tags available in the market are active and passive tags. Between the two, the demand for passive RFI...
Post a Comment
Read more