Global collaborative robots market expected to grow at a high rate

Market Reports World:  The global market for collaborative robots is expected to grow at a CAGR of 60.04% between 2016 and 2022 from USD 110.0 million in 2015 and reach USD 3.3 Billion by 2022. The market is expected to be driven by the growing demand because of higher return on investment and low price of collaborative robots that are attracting the small and medium sized enterprises (SMEs), and the increase in investments for automation in industries.

“The market in the automotive industry and furniture & equipment industry is expected to grow rapidly”
The application in the automotive industry accounted for the largest share of the collaborative robot market in 2015 and this trend is expected to continue during the forecast period. However, the increasing installations of collaborative robots in the automotive industry and furniture & equipment industry would provide rapid growth between 2016 and 2022, especially in the Asia-Pacific region.  Full report...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Mitsubishi Electric Automation, Inc. - BEST INITIAL WARRANTY – 3 YEARS FOR ALL NEW REGISTERED ROBOTS

Mitsubishi Electric Automation, Inc. - BEST INITIAL WARRANTY - 3 YEARS FOR ALL NEW REGISTERED ROBOTS

Registering your Mitsubishi Electric Automation robot unlocks the full potential of Mitsubishi Electric Automation's industry-leading three year cleanroom or on-site service initial limited warranty for robots purchased on or after October 1, 2014.