Europe Collaborative Robots Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 251 | Report Code: BMIRE00029200 | Category: Electronics and Semiconductor
No. of Pages: 251 | Report Code: BMIRE00029200 | Category: Electronics and Semiconductor
The Europe collaborative robots market was valued at US$ 636.08 million in 2023 and is expected to reach US$ 5,154.38 million by 2031; it is estimated to record a CAGR of 29.9% from 2023 to 2031.
The global manufacturing industry is rapidly expanding as more and newer regions invest in manufacturing plants in their localities. This expansion is expected to embrace technological advancements to enhance plant productivity, maintain an edge with customers, and gain a competitive advantage.
The expansion in the manufacturing industry is further driven by economic growth worldwide. Also, the industry is presently found to be in the middle of a technological renaissance, which is changing the outlook, systems, and processes of the modern factory. This technological revolution in the factories has been encouraging the manufacturing industries to further invest in these emerging technologies to enhance their productivity and production cycle. Thus, the rapid expansion in the manufacturing industry drives the demand for collaborative robot globally.
According to ACEA, 21% of the cars across the globe are manufactured in the EU by companies such as BMW, Volkswagen, Audi, and Aston Martin. Germany is the largest contributor in the automotive market share of the region, accounting for over 29% share. The country comprises major car manufacturers such as VW, BMW, Opel, Daimler AG, and Audi. On average, Germany produces over 6 million passengers as well as commercial vehicles every year. The robust automobile sector of the region, along with the presence of major premium car manufacturers in the EU and the growth of electric vehicle manufacturing, is anticipated to support the expansion of collaborative robot market growth in the coming years.
A project named VALERI—Validation of Advanced, Collaborative Robot for Industrial Applications—is coordinated by the Fraunhofer Institute for Factory Operation and Automation (IFF) in Germany along with industrial partners FACC, IDPSA, Airbus.
The Europe collaborative robots market is categorized into payload, application, type, end-user industry, functionality, and country.
Based on payload, the Europe collaborative robots market is segmented into 5–10 Kgs, upto 5 Kgs, and Above 10 Kgs. The 5–10 Kgs segment held the largest market share in 2023.
In terms of application, the Europe collaborative robots market is categorized into assembly, pick and place, material handling, quality testing, machine tending, welding, packaging, and others. The assembly segment held the largest market share in 2023.
By type, the Europe 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 Europe 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 Europe 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 Europe collaborative robots market is segmented into Germany, Italy, France, the UK, Russia, and the Rest of Europe. Germany dominated the Europe collaborative robots market share in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 636.08 Million |
| Market Size by 2031 | US$ 5,154.38 Million |
| Global CAGR (2023 - 2031) | 29.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Payload
|
| Regions and Countries Covered | Europe
|
| 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 Europe Collaborative Robots Market is valued at US$ 636.08 Million in 2023, it is projected to reach US$ 5,154.38 Million by 2031.
As per our report Europe Collaborative Robots Market, the market size is valued at US$ 636.08 Million in 2023, projecting it to reach US$ 5,154.38 Million by 2031. This translates to a CAGR of approximately 29.9% during the forecast period.
The Europe 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 Europe Collaborative Robots Market report:
The Europe Collaborative Robots Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Collaborative Robots Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Collaborative Robots Market value chain can benefit from the information contained in a comprehensive market report.
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