North America Collaborative Robots Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 236 | Report Code: BMIRE00029208 | Category: Electronics and Semiconductor
No. of Pages: 236 | Report Code: BMIRE00029208 | Category: Electronics and Semiconductor
The North America collaborative robots market was valued at US$ 235.09 million in 2023 and is expected to reach US$ 2,311.90 million by 2031; it is estimated to record a CAGR of 33.1% from 2023 to 2031.
Governments of several nations worldwide are taking initiatives to support and promote the development and adoption of robotics in their respective countries. Launched in February 2021, the National Robotics Initiative 3.0 (NRI-3.0) promotes research on co-robots, which are designed to work safely alongside humans. Funded by the National Science Foundation, this initiative supports innovations in collaborative robotics across various sectors, including manufacturing, healthcare, and space. The goal of NRI-3.0 is to accelerate the deployment of intelligent systems that enhance human productivity, safety, and adaptability. Further, the CoRoM (Collaborative Robotics in Manufacturing) program, launched in 2018 and funded by NSERC through the CREATE initiative, trains professionals in collaborative robotics for the manufacturing sector. Offered jointly by Université de Sherbrooke, École de technologie supérieure (ÉTS), and Université Laval, the program provides interdisciplinary education in engineering, business, and ethics. Students engage in industrial research projects, internships, and specialized training to address real-world challenges in collaborative robotics.
Thus, government initiatives and funding are supporting the growth of the collaborative robots market in the region.
Manufacturing in Canada is majorly expanding with improving production outcomes of coal, metal, and oil products. Canada is experiencing a declining dollar and availability of cheaper power. Moreover, the manufacturing industry in Mexico is witnessing significant growth due to government initiatives for attracting FDIs, as well as its proximity to the US, and ability to achieve cost-competitiveness due to NAFTA. Also, the automotive industry in Mexico is experiencing a paradigm shift, with many huge automobile companies constructing their plants in the country. A few of the companies that recently opened their plants in the country are Kia Motors, Mercedes-Benz, Nissan, Audi, and General Motors.
Thus, the manufacturing industry in North America gives significant importance to the country's economy and workforce, which further drives the demand for supremely efficient manufacturing tools such as collaborative robot. A few of the major manufacturing industries in the region are aerospace, automotive, and construction.
The North America collaborative robots market is categorized into payload, application, type, end-user industry, functionality, and country.
Based on payload, the North America 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 North America 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 North America 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 North America 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 North America 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 North America collaborative robots market is segmented into the US, Canada, and Mexico. The US dominated the North America collaborative robots market share in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 235.09 Million |
| Market Size by 2031 | US$ 2,311.90 Million |
| Global CAGR (2023 - 2031) | 33.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Payload
|
| Regions and Countries Covered | North America
|
| 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 North America Collaborative Robots Market is valued at US$ 235.09 Million in 2023, it is projected to reach US$ 2,311.90 Million by 2031.
As per our report North America Collaborative Robots Market, the market size is valued at US$ 235.09 Million in 2023, projecting it to reach US$ 2,311.90 Million by 2031. This translates to a CAGR of approximately 33.1% during the forecast period.
The North America 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 North America Collaborative Robots Market report:
The North America Collaborative Robots Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Collaborative Robots Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Collaborative Robots Market value chain can benefit from the information contained in a comprehensive market report.
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