• World collaborative robots (cobot) market income exceeded $1bn in 2023, regardless of decrease than anticipated development
• There was a transparent shift from particular person to holistic options
• Market demand for cobots recovered extra slowly than anticipated, however revenues are anticipated to develop at >20% between 2024-28
London, twenty ninth Could 2024 – The worldwide collaborative robotic (cobot) market topped $1 billion in revenues throughout 2023, regardless of total demand recovering extra slowly than anticipated publish pandemic, based on new knowledge from Work together Evaluation. Seeking to the long run, the market intelligence specialist predicts the worldwide marketplace for cobots will see a 22% enhance in shipments throughout 2024 and anticipates related ranges of development (>20%) every year via to 2028.
Annual income development for cobots was round 11.9% in 2023, regardless of a difficult yr for manufacturing, powerful financial circumstances, and provide chain points. Demand for cobots within the automotive and new power industries remained excessive final yr, however demand for cobots in electronics and semiconductors fell considerably, resulting in a small V-shaped trajectory between 2022-24. Orders from the semiconductor and logistics industries are anticipated to bounce again in 2024, however excessive rates of interest may weaken total order consumption this yr.
Work together Evaluation Analysis Supervisor Maya Xiao, says, “The worldwide cobot market is turning into extra refined, as end-users search out holistic options somewhat than buying giant items of apparatus. Over the approaching yr, we anticipate to see main cobot distributors goal giant clients, which may impression capability and useful resource allocation.
“Transferring ahead, China will dominate the worldwide cobots market within the medium time period, however it is usually the area the place common income per unit (ARPU) is anticipated to fall most sharply, as competitors available in the market will increase. The cobot market development price in areas apart from China will method that of China after 2025 and the worldwide common market value for cobots is anticipated to extend barely between 2023 and 2028 as demand grows for collaborative robots able to dealing with bigger payloads.” Concerning the Report:
Collaborative robots are an vital a part of clever manufacturing and an efficient complement to lean manufacturing. They’ve loved a spike in reputation over the previous few years, benefitting from the push in the direction of automation in business and fixed downward strain on prices. However which industries will drive development for collaborative robots within the subsequent 5 years? What would be the pricing developments as volumes rise? How will collaborative robots complement or affect the normal industrial robotic market? What’s the potential for collaborative robots in non-manufacturing fields?
This report solutions these and different key questions dealing with the business immediately.
A premium model of the report is now obtainable, with the next extra options: • Larger knowledge granularity – nation by business by payload • Mid-year forecast replace of the entire market • Quarterly market motion updates
About Work together Evaluation
With over 200 years of mixed expertise, Work together Evaluation is the market intelligence authority for world provide chain automation. Our analysis covers your complete automation worth chain – from the expertise used to automate manufacturing unit manufacturing, via stock storage and distribution channels, to the transportation of the completed items. The world’s main firms belief us to floor strong insights and alternatives for technology-driven development. To study extra, go to www.InteractAnalysis.com