Collaborative Robots Market-Size, Share, Demand Analysis & Industry Forecast 2016-2024

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Global Collaborative Robots Market Outlook
Global Collaborative Robots Market Outlook 2024
Opportunity Growth Analysis, 2016-2024
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Global Collaborative Robots Market Outlook
Global Collaborative Robots Market Share(), By
Region-2016-2024
Global Collaborative Robots Market Size USD
(Billion). 2016-2024
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Source Goldstein Research
In 2016, Automotive Industry accounted for the
highest market share XX in Global Collaborative
Robots Market
With XX share in 2016, Europe dominated the
Global Collaborative Robots Market
Global Retail sales (), By Applications -2016
Global Collaborative Robots Market Share (), By
End Users-2016
Global Collaborative Robots Market Share(), By
Payload Capacity-2016
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Global Collaborative Robots Market Outlook
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• Robots are still the key instruments in
  production strategies of flexible automation. The
  Goldstein Research estimates the global spending
  on industrial robotics to grow rapidly in the
  years to come. The statistic shows a spending of
  USD XX billion in 2020 and a total of USD XX
  billion in the year 2025
• In 2016, robot sales increased by XX to XXX
  thousand units, a new peak for the fourth year in
  a row. The main driver of the growth in 2016 was
  again - like in 2015 - the electrical/electronics
  industry (XX). Robot sales in the automotive
  industry increased, like in 2015, at a rather
  moderate rate (by XX) after a considerable
  increase between 2010 and 2014.
• The automotive industry is still the major
  customer of collaborative robots with a share of
  XX of the total supply in 2016. The
  electrical/electronics industry has been catching
  up, specially in 2015 and 2016, reaching a share
  of XX of the total supply in 2016. The
  electrical/electronics industry has become the
  most important customer in almost all major Asian
  markets, e.g. China, Japan, Republic of Korea.
• Since 2010, the demand for industrial robots has
  accelerated considerably due to the ongoing trend
  toward automation and continued innovative
  technical improvements in industrial robots.
  Between 2011 and 2016, the average robot sales
  increase was at XX per year (CAGR).
• Between 2011 and 2016, the average annual supply
  rose to about XXX thousand units. This is an
  increase of about XX compared to the average
  annual supply between 2005 and 2008 and a clear
  indication of the tremendous rise in demand for
  industrial robots worldwide.
• Asia Pacific region is still the world's
  strongest growth market. This region saw a total
  of XXX thousand units sold in 2016 a rise of
  XX. This was the highest sales level ever
  recorded for the fourth year in a row.

Technological Advancements
Sample
Growing Investment in Industrial Automation
Human Safety
Increasing Human Labor Cost
Global Annual Shipments of Collaborative Robots
(Thousand Units)
North America
Europe
XXX Thousand
2016
XXX Thousand
2024
XXX Thousand
XXX Thousand
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Fig 13 Global Collaborative Robots Market Size
(USD Billion)-2016-2024
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• Global Collaborative Robots Market is anticipated
  to expand at a compound annual growth rate of XX
  during the forecast period i.e. 2016-2024. The
  market is anticipated to reach USD XX Billion by
  the end of 2024. Further, collaborative robots,
  which fit the needs of SMEs much better than
  traditional industrial robots, the market for
  such robots is expected to grow at a Compound
  Annual Growth rate of XX over the 2016-2024,
  exceeding USD XX billion by 2020 with XX thousand
  units sold.
• Traditional industrial robots are the biggest
  segment of the robotics market. Last year, robot
  manufacturers sold about XXX thousand industrial
  robots, worth about USD XX billion only around
  XX thousand of them were cobots. Service robots,
  the other new category, also comprise a
  relatively small share of the market.
  Manufacturers sold about XXX thousand of them,
  worth about USD XX billion, in 2016. But sales of
  next-generation robots are growing rapidly.
• Venture capital investment in robotics
  technologies has accelerated since 2013,
  exceeding USD XX billion since 2012. A growing
  number of enterprises in consumer goods,
  e-commerce, food, and beverages are using robots
  for automating their warehouses to perform tasks
  such as movement of goods, loading and unloading,
  pallet handling, and picking and packing.

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• Technological Advancements and High Investments
  Over RD
• Developing the next generation of robotics will
  take a substantial investment to advance the
  technology significantly. Today, a new wave of
  research and funding is flooding the market, and
  it is coming from three sources government
  stimulus programs, venture capital investments,
  and large enterprise players such as Google and
  Amazon.
• Toyota is investing USD XX billion over the next
  five years to establish a new RD arm focused on
  artificial intelligence and robotics
• In 2012 the US government gave a total of USD XX
  million in university grants for robotics
  research to more than 30 groups. 8 In April 2015
  it was announced that China has teamed up with
  Russia to develop a USD XX million robotics
  research center and startup incubator. One month
  later, Japans prime minister announced the
  creation of the Robot Revolution Initiative
  Council. Backed by 200 companies and
  universities.
• Big players such as Amazon and Google represent
  todays third source of funding for the new world
  of robotics. Seeing the potential of robots,
  Amazon spent USD XX million in 2013 to buy Kiva,
  another startup robotics company with a focus on
  warehouse logistics.

Opportunities

• With robotic demand heating up across many
  different industries, we believe the total market
  can sustain a XX-plus compound annual growth
  rate through 2020, and anticipate some of the
  faster-growing segments, such as collaborative
  robots, autonomous guided vehicles and commercial
  drones, can sustain XX-plus annual growth levels
  for the next several years.
• We believe robot adoption within in the home is
  quickly approaching an inflection point.
  Consumers are relying on robot automation to
  perform daily household chores such as vacuuming,
  sweeping, mopping, as well as mowing the lawn. In
  total, we believe households will consume over XX
  million domestic robots by 2025, which equates to
  a USD XX Billion market opportunity. While we
  anticipate robotic vacuums to be the largest
  domestic sub-market, we believe robotic lawn
  mowers and wet floor products will also see
  meaningful adoption in the years to come.

Sample

• Impact Analysis-
• Rapid technological advancements are giving rise
  to a new generation of smarter, more flexible,
  and more mobile robots. Some can perform diverse
  tasks in unstructured environments and work with
  and alongside people. Some can fly others can
  navigate terrestrial routes. These
  next-generation robots are changing manufacturing
  operations and workforce plans, gaining greater
  adoption in health care, and beginning to
  penetrate nontraditional sectors such as food and
  beverage, hospitality, banking, and retail. They
  are increasingly showing up in homes as well.

Fig 5-3 Global Spending on Industrial Robotics
(USD Billion), 2000-2025
Source Goldstein Research
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Fig 17 Potential Concern about Warehouse
Automation- 2016

• High Cost of Adoption and Technological
  Challenges
• the cost of adopting Robotic technology is very
  high due to the cost of procuring imported
  hardware components as well as training
  personnel. As Robotics is a multidisciplinary
  field, acquiring and retaining quality talent is
  a big issue. Lastly, SME customers need to see
  visible ROI before they proactively adopt
  Robotics
• On top of addressing technical issues, the total
  cost of implementing robotic solutions must be
  less than the productivity and efficiency gained
  by adding them to existing systems and labor
  otherwise industries have shiny new toys but
  becomes less competitive. Existing solutions have
  been extremely cost prohibitive to many
  industries, often requiring a huge upfront
  commitment to handle even average amounts of
  throughput and only achieving a ROI after more
  than five years

Sample
Source Primary Source
Fig 17 Level of Interest in Warehouse
Automation, b y Major Manufacturers and Retailers
(2016)

• Impact Analysis-
• To combat this, a new wave of companies are
  offering robotics as a service. The concept
  involves renting the robots for a decreased rate
  than simply buying them outright. In this way,
  companies can quickly and effectively implement
  robots into the workforce and still stay within
  budget. There are also companies who offer
  modular solutions which allow manufacturers to
  spend only what they need.
• Robotics engineers have been dreaming about lower
  cost and better sensors for years but there has
  always been a problem that stopped them. The
  industrial robot industry is not large enough to
  drive the economies of scale necessary to bring
  the costs of developing new sensors down to a
  reasonable level

Source Goldstein Research
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Impact on Global Collaborative Robots Market
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Fig 17 Global Collaborative Robots Market
Share, By Automotive Sector, 2016-2024

• Between 2010 and 2014, the automotive industry
  the most important customer of industrial robots
  considerably increased investments in
  industrial robots worldwide. In 2015 and in 2016,
  robot sales further increased but at a lower
  rate.
• In 2016, robot demand of the automotive industry
  increased by XX to a new peak of XX thousand
  units, accounting for a share of XX of the total
  supply in 2016.
• Between 2011 and 2016, robot sales to the
  automotive industry increased by XX on average
  per year (CAGR). Since 2010, investments in new
  production capacities in the emerging markets as
  well as investments in production modernization
  in major car producing countries have caused the
  number of robot installations to rise. Using new
  materials, developing energy efficient drive
  systems, as well as high competition in all major
  car markets, pushed for investments despite the
  existing overcapacities.

Sample
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Fig 17 Global Collaborative Robots Market Y-O-Y
Growth, By Food Product Type, , 2016-2024
Fig 17 Estimated Annual Supply of Industrial
Robots (Thousand Units) by Different Industries
2015-2016
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Fig 17 Global Collaborative Robots Market
Attractiveness-By End Users, 2016-2024
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CAGR ()
Sample
Market Size (USD Million)
Food and Beverages
Electronics Technology
Others
Plastic and Polymers
Furniture and Home Equipment
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Sales to all industries, except for automotive
and electrical/electronics, increased by 5 in
2016. Between 2011 and 2016, the average growth
rate per year was 13. The respective growth rate
for the automotive industry was 12 and for the
electrical/electronics industry 19. This is a
clear indication that not only the main customer
industries (automotive industry and
electrical/electronics industry) have
substantially increased robot installations in
recent years, but other industries have done so
as well. The robot density in the general
industry (all industries excluding automotive) is
still comparatively low. However, countries with
an important electronics industry have a higher
rate. The overall conclusion indicates that in
almost all surveyed countries, the potential for
robot installations in the general industry is
tremendous.
Fig 17 Global Collaborative Robots Market BPS
Analysis- By End Users 2016-2024
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North America Collaborative Robots Market Size
(USD Billion)-2016-2024
Sample
Source Goldstein Research
North America North America Collaborative Robots
Market Size (USD Billion), By End Users-2016-2024
North America North America Collaborative Robots
Market Size (USD Billions), By Country-2016-2024
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United States Collaborative Robots Market Size
(USD Billion), Compound Annual Growth Rate (),
Y-O-Y Growth Rate (), 2016-2024
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Key Insights
Fig 24 U.S Increase in No. of Collaborative
Robots Stores, 2016-2024
An all-time high total of XX thousand robots
valued at approximately USD XX million were
ordered from North American robotics companies
during the first quarter of 2017. This represents
growth of XX percent in units over the same
period in 2016, which held the previous record.
Order revenue grew XX percent over the first
quarter of last year. Robot shipments also
reached new heights, with Xx thousand robots
valued at USD XX million shipped to North
American customers in the opening quarter of the
year. This represents growth of XX percent in
units and five percent in dollars over the same
period in 2016.
Source Goldstein Research
Growth in automotive related industries soared in
the first quarter of 2017. Robots ordered by
automotive component suppliers were up 53 percent
while orders by automotive OEMs increased XX
percent. Another good sign for the future of
robotics was the continued growth in
non-automotive industries like metals (XX
percent), semiconductors/electronics (XX
percent), and food consumer goods (XX percent).
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North America Collaborative Robots Market
Attractiveness-By Country, 2016-2024
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CAGR ()
Market Size (USD Billion)
Source Goldstein Research
Sample
According to the above graph, U.S. Collaborative
Robots Market is anticipated to be the most
attractive market across all the countries in
Collaborative Robots Market, for new entrants
looking to enter in the market, existing players
looking for business expansion and investors
seeking investment opportunities over the
forecast period i.e. 2016-2024 The automation
industry continues to grow robustly as companies
invest to increase productivity and boost
competitiveness while also providing
opportunities for workers. The biggest increases
were in arc welding (XX percent), coating
dispensing (XX percent), and spot welding (XX
percent) applications. It is estimated that XX
thousand robots are now in use in the United
States, the third highest in the world behind
Japan and China.
North America North America Collaborative Robots
Market BPS Analysis- By Country, 2016-2024
Source Goldstein Research
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ABB Group (Company Overview Business Strategy)
Founded 1988
Website www.abb.com
Employees 134,800
Headquarters Switzerland
Company Overview
Major Divisions
Electrification Products Division
Robotics and Motion Division
Industrial Automation Division
Power Grids Division
Corporate and Other

• ABB is a global supplier of power and automation
  products. Founded in the late 19th century, the
  company was created out of the merger of two old
  industrial companies--ASEA and BBC--and is now
  called Asea Brown Boveri Group, or ABB Ltd
• ABB is one of the largest engineering companies
  as well as one of the largest conglomerates in
  the world. ABB has operations in around 100
  countries, with approximately 134,800 employees
  in December 2017.
• ABB is headquartered in Zurich, Switzerland,
  operating mainly in robotics, power, heavy
  electrical equipments, and automation technology
  areas. 
• It is the number-one or number-two supplier in
  all of its core markets and the number-two
  robotic arm supplier globally. In automation, it
  offers a full suite of products for both discrete
  and process automation.

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Business Strategy
Innovation and Investment Strategy Maintaining
companys position as one of the worlds leading
engineering companies requires technology
leadership, global presence, application
knowledge and strong local expertise. ABB create
and support a comprehensive range of products,
systems and services that increase energy
efficiency, reliability and productivity for our
industrial, utility and infrastructure customers.
ABB Corporate Research serves the entire company
and, consequently, its scientists and engineers
closely collaborate with RD within the
divisions. This partnership has provided the
foundation for many of its pioneering
technologies. ABBs acquisition criteria is
simple - fill strategic gaps in its geographic,
product and end-market portfolio while creating
value for its shareholders and maintaining a
strong balance sheet. Recent acquisitions of GE
Industrial Solutions KEYMILEs Communication
network business and BR among many others shows
ABB Groups aggressive acquisition strategy.
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