Assembly Application to Dominate Europe Collaborative Robot Market During Forecast Period
Improving human–machine
interface (HMI) and rising integration of AI to imitate human behavior is
expected to drive the growth of Europe collaborative robot market
According to
TechSci Research report, “Europe
Collaborative Robot Market By Payload Capacity (Up to 5 Kg, Between 5 and
10 Kg and Above 10 Kg), By Application (Assembly, Pick & Place, Machine
Tending and Others), By End User Industry (Automotive, Electronics, Metals
& Machining, Plastics & Polymers and Others), By Country, Forecast
& Opportunities, 2025”, the Europe collaborative
robot market is expected to grow at a formidable rate during the forecast
period owing to the advancements in machine learning, AI, edge computing and
robotics industry. Additionally, implementation of artificial intelligence with
cobots is an emerging industry trend that enhances the sensing capabilities of
the cobots and boosts its computational power thereby propelling the market in
the region. Further, growing trend for human-robot collaboration, ease of use
and installation, low cost of cobots, lightweight & mobility, adoption of
industry 4.0 standards, among others are fueling the market. However, lack of
capabilities related to faster cycle time and repeatability can hamper the growth
of market during forecast period. Moreover, developing AI to help robots make
better decisions and making them safe for humans is further expected to
restrict the growth of market during forecast period.
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The Europe collaborative robot market
is segmented based on payload capacity, application, end user industry, company
and country distribution. Based on payload capacity, the market can be
fragmented into up to 5 kg, between 5 and 10 kg and above 10 kg. The up to 5 kg
payload capacity segment is expected to hold a significant market share during
the forecast period owing to the increasing demand for light, as well as
moderate payload capacity of cobots owing to their ease of deployment, high
adaptability, affordability and plug-and-play characteristics, which are a few
essential parameters that meet the demands of a large pool of SMEs. The
collaborative robot market for low-payload-capacity cobots is gaining
significant traction from new as well as existing market players hence, it is
becoming more competitive with time. Based on application, the market can be
categorized into assembly, pick & place, machine tending and others. The
assembly application segment is expected to dominate the market on account of
the growing demand of collaborative robot market for assembly applications from
various end user industries such as automotive, food & beverages, furniture
& equipment industries, among others. Based on end user industry, the
market can be grouped into automotive, electronics, metals & machining,
plastics & polymers and others. The automotive industry is expected to register significant
growth during forecast period. The market is expected to remain innovation-led
with the introduction of new metals and chemicals that provide cost-efficiency
and weight reduction, and low-manufacturing overheads in automobile
manufacture. The market is experiencing emergence of several disruptors and
technology integrators who are expected to offer high competition to the
existing automobile manufacturers.
Universal Robots A/S, ABB Ltd.,
KUKA AG, Robert Bosch GmbH, MRK-Systeme GmbH, F&P Robotics AG, Active8
Robots, HumaRobotics, qbrobotics, Automata Technologies Limited and others are some of the
leading players operating in Europe collaborative robot market. The companies
are developing advanced technologies and launching new products in order to
stay competitive in the market. Other competitive strategies include mergers
& acquisitions and new product developments. For instance, in 2018, KUKA AG
through its subsidiary KUKA Robotics Korea Co. Ltd. entered a strategic
partnership with the Hyundai Robotics-a robotics division of Hyundai Heavy
Industries Holdings. The partnership has assisted the latter in extending its
product portfolio in Korean geographies.
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“Europe collaborative
robot market is expected to witness growth during the forecast period owing to
the strong government support to promote the use of factory automation
solutions, thus supporting the adoption of ‘Industry 4.0’. Additionally, enormous
application of cobots in different verticals such as electronics, logistics,
inspection, among others. Also, the regional growth of the cobots technology
can be attributed to various advantages such as increased collaboration and
efficient manufacturing optimization solutions offered through automation at
workplaces.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Europe Collaborative Robot Market By Payload
Capacity (Up to 5 Kg, Between 5 and 10 Kg and Above 10 Kg), By Application
(Assembly, Pick & Place, Machine Tending and Others), By End User Industry
(Automotive, Electronics, Metals & Machining, Plastics & Polymers and
Others), By Country, Forecast & Opportunities, 2025” has evaluated the future growth potential of Europe collaborative
robot market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Europe collaborative robot market.
Contact
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