Driven
by an Increase in Warehouse Automation and Low installation Costs, the Mobile
Cobots Market is Forecasted to Reach Nearly US$ 3,000 Mn by 2028, says Ken Research Study
Mobile
Cobots are lightweight and low-cost robots that can perform a variety of tasks
with high precision and efficiency while providing a safe work environment.
Tasks these Cobots can carry out include carrying materials and parts as well
as performing assembling and disassembling across multiple major industry
sectors like Automotive, Agriculture, Electrical & Electronics, and more.
Ken
Research shares 3 key insights on this high-opportunity market from its latest
research study.
1.
Mobile Cobots Market Witnessed Notable Growth
Driven by the Adoption of Cobots Solutions by Small and Medium Size
Enterprises (SMEs) and Multiple Large End-User Industries like Healthcare and
Retail
The global mobile cobots market witnessed steady growth from 2017 to 2021 despite the COVID-19 pandemic disrupting the supply chain and affecting transportation and logistics systems in many end-user industries like Automotive, Electrical & Electronics, and Metals & Machinery. According to Ken Research estimates, the Mobile Cobots Market – which grew from around ~US$ 500 Mn in 2017 to nearly ~US$ 1,000 Mn in 2022 – is expected to grow further into an almost ~US$3,000 Mn opportunity by 2028 at a CAGR of ~20% during the forecast period.
2. The Low Installation Cost and Ability to Work with Humans
Efficiently Are Major Drivers for The Mobile Cobots Market.
Mobile
cobots are adopted by major industries for its lightweight, less installation
cost, and ability to work with humans efficiently. The installation cost of
cobots is nearly one-third of traditional industrial robots as traditional
robots cost around USD 200,000 whereas cobot cost USD 50,000.
It
is the primary reason why many Small and Medium Size Enterprises (SMEs) are
adopting cobots rather than traditional industrial robots, as cobot’s Initial
Cost is very low as well as they are able to provide the same level of
efficiency and safety while occupying less working space in manufacturing
units.
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3. The Preference for Traditional Industrial Robots over
Mobile Cobots is one of the Biggest Challenges faced by the Mobile Cobots
Market
Traditional
Industrial Robots are often preferred over mobile cobots due to their high
payload capacity which varies from 50 kg to 500 kg and are widely used in heavy
end-user industries such as automotive, metal and machinery, and more.
Cobots
are often used in small applications such as assembling & dissembling,
picking & placing, and more. Hence, are not suitable for performing heavy
applications. Due to which many big manufacturers select traditional robot over
mobile cobot.
Key
Topics Covered in the Report
- Snapshot of Mobile Cobots
Market
- Industry Value Chain and
Ecosystem Analysis
- Market size and Segmentation of
Mobile Cobots Market
- Historic Growth of Overall
Mobile Cobots Market and Segments
- Competition Scenario of the
Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of
Mobile Cobots Market Industry
- Overview, Product offerings,
and Strength & Weakness of Key Competitors
- Covid 19 Impact on the Overall
Mobile Cobots Market
- Future Market Forecast and
Growth Rates of the Total Mobile Cobots Market and by Segments
- Market Size of Application /
End User Segments with Historical CAGR and Future Forecasts
- Analysis of Mobile Cobots
Market in Global Regions
- Major Production/Supply and
Consumption/Demand Hubs in the Region
- Region-wise Historic and Future
Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging
Competitor Companies within the Region
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Notable
Key Players Mentioned in the Report
- ABB
- FANUC CORPORATION
- Yaskawa Electric Corporation.
- Kuka AG
- Universal Robots
- Kawasaki Heavy Industries, Ltd
- Omron Corporation
- Siasun
- Denso
- Mitsubishi Electric Corporation
- Comau
- AUBO Robotics
Notable
Emerging Companies Mentioned in the Report
- Jaka
- Sastra Robotics Pvt Ltd
- Asimov Robotics
- Techman Robot
- Ken Robotech
- Asage Robotics
- Neura Robotics
Key
Target Audience – Organizations and Entities Who Can Benefit by Subscribing
This Report
- Mobile Cobots/Collaborative
Robot Manufacturers
- Mobile Cobots Component
Assemblers
- Mobile Cobots Component
Suppliers
- Raw Material Suppliers for
Mobile Cobots
- Potential Investors in Mobile
Cobots Companies
- Value Added Resellers of
Robotic Equipment
- Industrial OEMs of Mobile
Cobots
- Robotics Industry Associations
- Robotics Research Groups
- Government Ministries and
Departments of Electronics Industry
- Government Ministries and
Departments of Engineering Industry
Time
Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
For
more information on the research report, refer to the below link:
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