Assembly Application Held Largest Share Of Collaborative Robots Market

- Mar 27, 2018-

This high growth is mainly attributed to the expected demand for high-payload-capacity collaborative robots in industries such as automotive, furniture and equipment, and metals and machining. 

The market for collaborative robots with above 10 kg payload capacity is expected to grow at the highest CAGR between 2017 and 2023. 

The market for co-bots with payload capacity of above 10 kg is still highly nascent and is currently occupied by few market players, namely, FANUC Corporation (Japan), KUKA AG (Germany), and MABI AG (Switzerland). However, considering the competitiveness of co-bots in comparison with available industrial robots while focusing on safety parameters, co-bots with above 10 kg payload capacity are expected to hold significant market attractiveness in the nearest future.