Global Mobile Cobots Market: Snapshot
According to a new market research report, published by
Transparency Market Research, the mobile cobots market is expected to reach US$ 4,472.53
Mn by 2026, expanding at a CAGR of 33.4% from 2018 to 2026. According to the
report, the mobile cobots market is likely to continue to be influenced by a
range of macroeconomic and market-specific factors in the next few years. In
terms of demand, Asia Pacific is projected to lead the global market during the
forecast period. The market in the region is likely to expand at a CAGR of
35.9% from 2018 to 2026. South Korea and Japan are expected to be major
contributors to the mobile cobots market in Asia Pacific during the forecast
period.
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Inclination toward Industrial Automation
A mobile cobot (mobile collaborative robot) is an
intelligent, transportable robot that can assist humans in a shared workspace.
Mobile cobots are moving platforms wherein cobots are mounted on mobile robots.
These are automated machines. It is an emerging technology that is capable of
moving within a set environment. Apart from the manufacturing industry, mobile
cobots are used for research and exploration. Currently, use of mobile robots
has extended to the industrial sector. In the recent years, there has been a
significant rise in the demand for industrial robots in the automotive sector.
This can be attributed to increasing customer demand for customization in their
cars. Unlike industrial robots, collaborative robots are not dedicated to only
a single task. Hence, manufacturers are now switching to collaborative robots.
Inclination toward industrial automation is acting as a driver of the mobile
cobots market. Robots have been utilized in industries for a long time. They
have made the human work easier by running large industrial settings. Robots in
factories have typically been large, caged devices that perform repetitive,
dangerous tasks in place of humans. Moreover, rising labor costs in developing
economies, mostly in material handling industries, are driving the demand for
cobots. This is primarily due to economic growth of industrialized countries.
Global Mobile Cobots Market: Scope of Report
The global mobile cobots market has been broadly segmented in
terms of weight capacity, application, end-use industry, and geography. Based
on weight capacity, the market has been segregated into 1 to 3 kg, 3 to 5 kg,
and 5 to 10 kg. Among these, the 3 to 5 kg segment accounted for a major share
of more than 50.0%, in terms of revenue, in 2017. The segment is anticipated to
expand at a CAGR of 33.5% during the forecast period. In order to fulfill the
global demand, various manufacturers of mobile cobots are currently focusing on
research and development activities in order to invent advanced applications of
mobile cobots. Cobots are gaining popularity among manufacturing companies and
different industries. The primary factor boosting the global mobile cobots
market is decline in costs of collaborative robots over the last few years.
Upfront costs of cobots are 20% of those of traditional robots with an average
payback period as short as six to eight months. Also, installation of cobots
requires minimal investments and time.
Global Mobile Cobots Market: Competition Scenario
The research study includes profiles of leading companies
operating in the global mobile cobots market. Market players have been profiled
in terms of attributes such as company overview, financial overview, business
strategies, and recent developments. Some of the key players operating in the
global market are ABB Ltd, Aubo Robotics, Fanuc Corporation, Kawasaki Heavy
Industries, Ltd., KuKa Ag, Precise Automation, Inc., Rethink Robotics, Robert
Bosch, TECHMAN Robots, Universal Robots, and Yasakawa Electric Corporation.
Various business strategies are being adopted by leading market players.
Companies are focusing on expanding their business by forming strategic
partnerships and offering innovative solutions.
The global mobile cobots market has been segmented as
follows:
Global Mobile Cobots Market, by Weight Capacity
- 1 to
3 kg
- 3 to
5 kg
- 5 to
10 kg
Global Mobile Cobots Market, by Application
- Shelf
Units
- Conveyor
Bands/Belts
- Automated
Pallet Forks
- Robotic
Arms
- Safety
Units
Global Mobile Cobots Market, by End-use Industry
- Retail
- Agriculture
- Automotive
- Construction
- Health
Care
- Electronics
& Semiconductor
- Food
- Beverages
- Home
Care
- Personal
Care
- Aerospace
- Others
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