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Global Collaborative Robots Market Is Driven by Increase in Labor Cost and Growth in Adoption of Robots in Industrial Sector

Press Releases2017-07-14
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Global Collaborative Robots Market Report, published by Variant Market Research, forecast that the global market is expected to reach $1.3 Billion by 2024 from $0.1 Billion in 2016, growing at a CAGR of 33.2% from 2016 to 2024. By geography, Asia Pacific and Europe are expected to grow at a CAGR of 34.9% and 33.0%, respectively, during the forecast period.

Browse Complete Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/collaborative-robots-market

Major factors supporting the growth of collaborative robots market are, growing use of robots in automotive industry, surge in demand from plastic industry, and lack of skilled labors. Moreover, increased labor cost and growing adoption of robots in various industrial sectors would boost the market. However, economic decline in major countries may hamper the market growth. Additionally, non-industrial sector would provide several growth opportunities for the market in the coming years.

The global collaborative robots market is segmented by payload, application, industry, and geography. The segmentations by payload include, 5kg, 6-10kg and above 10kg. Moreover, assembly, quality testing, handling, packaging, machine tending, welding, and others are the various classifications of application segment. By industry, the market is categorized into plastic & polymers, automotive, food & beverage, metal & machining, aerospace, and others.

Get Sample Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/collaborative-robots-market/sample-request

Geographical classifications of the market include, North America, Europe, Asia-Pacific, and Rest of the World (RoW). The countries covered under North America are U.S., Canada, and Mexico wherein Europe covers U.K., France, Germany, Italy, Spain, and Rest of Europe. China, India, Japan, South Korea, Australia, and Rest of Asia-Pacific are the country wise spit of the Asia-Pacific region. South America, Middle East, and Africa are the country wise analysis done under Rest of the World (RoW).

In 2016, 6-10 kg and up to 5kg accounted for the major share in the market, in the overall payload segment.  Moreover, by application, handling accounted for the highest revenue. The market share of handling was 21.2% in the year 2016. Asia-Pacific is the fastest growing region in the global collaborative robots market, and is expected to continue this trend in the coming few years, driven by rapid urbanization and industrialization. In the year 2016, Europe generated the maximum market revenue followed by North America. The market share of Europe was 34.9% in 2016, which is the highest regional share.

The major key players operating in the global collaborative robots market are ABB Ltd., Kawasaki Heavy Industries, Ltd., Robert Bosch GmbH, Universal Robots A/S, KUKA AG, FANUC Corporation, F&P Robotics AG., Energid Technologies Corporation, Precise Automation Inc., and Rethink Robotics, among others.

About Variant Market Research:

 Variant Market Research LLP was delineated in 2015 and to launch our business and website it grabbed more than a year. Our head office is based in Pune and we also have branch in San Francisco, California, the U.S. The long time was generally used to build up a talented team of experienced professionals and analysts, to generate client satisfying exact market analysis data. The company aims to be a specialist in delivering reports on various domains with precise analysis, keeping a virtuous relationship with our consumers. Our vision says, "We would like to grow with you, making your paths simpler yet solidest" and our mission is to "Implementing our analytical, technical and marketing skills to set a new goal for our consumers, dedicatedly helping them take their next strategic moves."

The Co-founders of Variant Market Research: M/S Shweta Shubham and Mr. Yogesh Godse are keen to provide services across aforementioned domains helping them to take their strategic moves regarding their business and providing them the growth opportunities. The Co-founders say, "We believe in providing the future solutions for your business, exploring the current market trends and suggesting you the future strategies and forecast of a particular market that could keep your company ahead in the competitive market rivalry." We hold expertise in our designated areas of research and consulting with a team of experts from each of the dedicated areas covered under our research. Destined by the dedicated team of analysts and experts, we are envisioned to provide you our best in order to plan your next strategic move and take your company's future ahead with our support and your esteemed cooperation.

Contact Us

Variant Market Research

Website:www.variantmarketresearch.com

Email:help@variantmarketresearch.com

Address:

649 Mission St, 5th Floor, San Francisco, CA 94105, United States.

Tel: +1-415-680-2785

Fax: +1-415-680-2786

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The Views and Opinions expressed in this article are the author's own and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors.

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