Global Collaborative Robots Market To Cross US$ 3.0 Billion By 2 - Erie News Now | WICU & WSEE in Erie, PA

Global Collaborative Robots Market To Cross US$ 3.0 Billion By 2022

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The global collaborative robots market is expected to cross US$ 3.0 Billion by 2022, registering a compound annual growth rate (CAGR) of 60% during the forecast period. The increase in investments for automation in industries is driving the market. In addition, higher ROI and low price of collaborative robots are attracting small-and medium-sized enterprises which are expected to drive the market. However, the lack of capabilities related to faster cycle time and repeatability is hampering the growth of the market.

In this report, the global collaborative robots market is segmented by capacity, application, industry, and region. On the basis of capacity, the market is segmented into up to 5 kg, up to 10 kg, and above 10 kg. The market on the basis of application is segmented into assembly, handling, pick and place, packaging, machine tending, quality testing, gluing and welding, and others. The market is segmented on the basis of industry into electronics, metal and machining, automotive, plastic and polymers, furniture and equipment, food and beverages, pharma and chemistry, and others.

A glimpse of the report structure is provided in the report description which is available on the website.

https://www.marketresearchengine.com/collaborative-robots-market

The global collaborative robots market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Russia, Brazil, and the GCC countries. The report includes a detailed study of the global and regional collaborative robots market and analyzes the variations in the growth of the industry in certain regions.

ABB Ltd. (Switzerland), KUKA AG (Germany), FANUC Corporation (Japan), Robert Bosch GmbH (Germany), Universal Robots (Denmark), and Rethink Robotics (U.S.) are the most active players in the collaborative robots market.

This report covers the collaborative robots market, in terms of value, and forecasts the market size till 2022. It identifies key growth segments and opportunities in the industry. This report also covers a detailed competitive outlook including the share and company profiles of the key players in the global market. The company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

The report provides global market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2022. This deep-dive study on the collaborative robots market will help customers with the identification of new market opportunities and targeted promotional plans.

 

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Source: http://www.financeswire.com/global-collaborative-robots-market-to-cross-us-3-0-billion-by-2022

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