Asia Pacific Collaborative Robots Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 265 | Report Code: BMIRE00029196 | Category: Electronics and Semiconductor
No. of Pages: 265 | Report Code: BMIRE00029196 | Category: Electronics and Semiconductor
The Asia Pacific collaborative robots market was valued at US$ 508.53 million in 2023 and is expected to reach US$ 6,138.20 million by 2031; it is estimated to record a CAGR of 36.5% from 2023 to 2031.
The penetration of industrial automation is increasing in various industries other than automotive, such as logistics, food & beverages, electrical & electronics, and rubber & plastics. In the recent past, the nonautomotive industries were underpenetrated compared to the automotive industry. With the increasing functionality of equipment such as collaborative robot, it is anticipated that the nonautomotive industries will further accelerate the adoption of collaborative robot. The penetration of industrial automation is also increasing among countries. Developed markets, including China, the US, and Japan, have high penetration; however, there is still a lot of opportunity for the industrial market to grow further, even in the developed markets. The prospect of further robot installations is remarkable in many of these countries, particularly in the automotive industry. This growth is attributed to the necessary modernization and transformation required in these markets. These statistics are promising for collaborative robot manufacturers as they signify the huge scope for further increase in adoption. It is expected that the low penetration will propel considerable growth during the forecast period as long as there is considerable support from the government to the manufacturers.
Asia Pacific consists of many developing countries witnessing significant growth in their manufacturing sector. The region has become a global manufacturing hub with the presence of diverse manufacturing industries. Among China's evolution into a high-skilled manufacturing hub, other developing countries such as India, South Korea, Taiwan, and Vietnam are attracting several businesses with an aim to relocate their low to medium-skilled manufacturing facilities to neighboring countries, offering low labor costs. Further, governments of these countries are encouraging investment initiatives to promote manufacturing activities. However, challenges, including lack of skilled labor, low productivity, and developed infrastructure scarcity, are a few of the restraints that are required to be addressed to strengthen their position as a key manufacturing hub in the region.
The Asia Pacific collaborative robots market is categorized into payload, application, type, end-user industry, functionality, and country.
Based on payload, the Asia Pacific collaborative robots market is segmented into 5–10 Kgs, Up to 5 Kgs, and Above 10 Kgs. The 5–10 Kgs segment held the largest market share in 2023.
In terms of application, the Asia Pacific collaborative robots market is categorized into assembly, pick and place, material handling, quality testing, machine tending, welding, packaging, and others. The material handling segment held the largest market share in 2023.
By type, the Asia Pacific collaborative robots market is segmented into robotic arm, welding guns, grippers, and others. The robotic arm segment held the largest market share in 2023.
Based on end-user industry, the Asia Pacific collaborative robots market is segmented into automotive, electronics, metal and machinery, food and beverage, logistics, pharmaceuticals, and others. The automotive segment held the largest market share in 2023.
In terms of functionality, the Asia Pacific collaborative robots market is bifurcated into static robot and mobile robot. The static robot segment held a larger market share in 2023.
By country, the Asia Pacific collaborative robots market is segmented into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific collaborative robots market share in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 508.53 Million |
| Market Size by 2031 | US$ 6,138.20 Million |
| Global CAGR (2023 - 2031) | 36.5% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Payload
|
| Regions and Countries Covered | Asia Pacific
|
| Market leaders and key company profiles |
ABB Ltd; Agile Robot SE; Aubo (Beijing) Robotics Technology Co Ltd; Azenta, Inc.; Bosch Rexroth AG; Comau SpA; Denso Corp; Doosan Robotics Inc; ESTUN AUTOMATION CO., LTD; Fanuc Corp; Kawasaki Heavy Industries Ltd; Kuka AG; OMRON Corp; Productive Robotics, LLC; Rethink Robotics GmbH; SIASUN Robot & Automation CO., Ltd; Svaya Robotics Pvt. Ltd.; Techman Robot Inc; Teradyne Inc; and Yaskawa America Inc are some of the leading companies operating in the collaborative robots market.
The Asia Pacific Collaborative Robots Market is valued at US$ 508.53 Million in 2023, it is projected to reach US$ 6,138.20 Million by 2031.
As per our report Asia Pacific Collaborative Robots Market, the market size is valued at US$ 508.53 Million in 2023, projecting it to reach US$ 6,138.20 Million by 2031. This translates to a CAGR of approximately 36.5% during the forecast period.
The Asia Pacific Collaborative Robots Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Collaborative Robots Market report:
The Asia Pacific Collaborative Robots Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Collaborative Robots Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Collaborative Robots Market value chain can benefit from the information contained in a comprehensive market report.
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