Collaborative Robots Market Report 2025

The collaborative robots market size has grown exponentially in recent years. It will grow from $3.28 billion in 2024 to $4.23 billion in 2025 at a compound annual growth rate (CAGR) of 28.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets growth, rising labor costs, growth in the industrial sector, and a rise in demand for automation.

The collaborative robots market size is expected to see exponential growth in the next few years. It will grow to $12.31 billion in 2029 at a compound annual growth rate (CAGR) of 30.6%. The growth in the forecast period can be attributed to the automotive industry, rise in e-commerce and logistics, and rising urbanization. Major trends in the forecast period include the integration of collaborative robots with advanced technologies, product innovations, focus on new product launches, strategic partnerships and collaborations, and rising investments.

Increasing labor costs are anticipated to drive the growth of the collaborative robots market in the coming years. Labor costs refer to the total expenses a company incurs to cover each employee's salary and benefits, including payroll taxes and other related costs. Accounting and finance professionals view labor costs as a crucial variable when assessing an organization's direct and indirect labor expenses. As labor costs rise, the adoption of collaborative robots is likely to increase, as they can help reduce labor expenses and address the ongoing labor shortages. For example, in September 2024, Eurostat, the statistical office of the European Union based in Luxembourg, reported that in the second quarter of 2024, hourly labor costs rose by 4.7% in the euro area and by 5.2% in the EU compared to the same quarter the previous year. Consequently, the increasing labor costs are propelling the collaborative robots market.

The collaborative robots market is poised for growth, propelled by the expanding automotive industry. The automotive sector, encompassing various activities from design to maintenance of motor vehicles, has embraced collaborative robots (cobots) in diverse manufacturing and assembly processes. As per the European Automobile Manufacturers' Association (ACEA) report in May 2023, the global production of motor vehicles surged by 5.7% in 2022, reaching 85.4 million units. Similarly, the International Organization of Motor Vehicle Manufacturers reported a rise in the total production of cars and commercial vehicles from 80,145,988 in 2021 to 85,016,728 in 2022. This growth underscores the pivotal role of collaborative robots in meeting the demands of the burgeoning automotive industry, thereby contributing to the collaborative robots market expansion.

Product innovations are a significant trend gaining traction in the collaborative robot market. Leading companies in this sector are concentrating on developing new technological solutions to enhance their market position. For example, in June 2022, Dobot, a robotics company based in China, introduced the CRL collaborative robot, which features an impressive reach of 1700 mm, making it ideal for tasks that require extended access in confined spaces. This robot excels in applications such as loading and unloading, sorting, and inspecting small components, particularly within the consumer electronics and semiconductor industries. As part of the Dobot Cr series, the Cr3L is available in various models with differing payload capacities, ranging from 3 kg to 16 kg, thereby serving a broad spectrum of industrial applications, including automotive, food processing, garment manufacturing, and the chemical sector.

Strategic partnerships and collaborations are becoming a prominent strategy for companies in the collaborative robot market to harness shared resources and drive market expansion. In February 2023, Rapid Robotics, a US-based robotic solutions manufacturer, partnered with Universal Robots, a Denmark-based producer of smaller, flexible industrial collaborative robots. This collaboration aims to expedite cobot deployments through innovative approaches. Similarly, in May 2023, Universal Robots entered a partnership with Denali Advanced Integration, a US-based technology integrator, offering end-to-end integration and service support. This collaboration aligns with the increasing interest in cobot automation among major enterprises, emphasizing the importance of comprehensive solutions and service support in the collaborative robot market.

In April 2022, The United Robotics Group (URG), a German-based developer specializing in custom service robotics solutions, acquired SoftBank Robotics Group Corp., with the deal amount undisclosed. This acquisition aims to leverage combined resources, accelerating URG's research and development capabilities and enhancing its innovative prowess. The strategic move positions URG to expand its foothold as a premier service robotics company in Europe. SoftBank Robotics Group Corp., based in the US, focuses on developing and manufacturing industrial robotics, including collaborative robots.

Major companies operating in the collaborative robots market include Teradyne, Fanuc Corporation, KUKA AG, Denso Corporation, ABB Group,Mitsubishi Electric, Yaskawa Electric Corporation, Doosan, Kawasaki Heavy Industries, Omron Corporation, HASCO, AUBO, Jaka Robotics, United Robotics Group GmbH, Melior Motion GmbH, Kassow Robots ApS, Schaeffler Technologies AG & Co. KG, Universal Robots, OnRobot, Kinova, CodeNinja, Apollo Solutions Dev, ViaObjects, VR4, Consensus group, ITPS ONE, Optimusrobo FZCO, Unique World Robotics, Seed Robotics, Neo Robotics, GLITZ Robotics, Cobots, Zipline, TIRA ROBOTS, Ryonic Robotics, Arone.

Asia-Pacific was the largest region in the collaborative robots market in 2024. The regions covered in the collaborative robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the collaborative robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Collaborative robots, or 'cobots,' are automation tools designed to operate safely alongside humans in a shared workspace, aiding in repetitive tasks within industrial settings while working in collaboration with human workers.

The primary components of collaborative robots consist of hardware and software. Hardware comprises the physical elements necessary for a computer's functionality. Cobots vary in payload capacities, including categories such as up to 5kg, up to 10kg, and above 10kg. These robots are utilized across various functions such as assembly, pick-and-place operations, handling, packaging, quality testing, gluing, welding, and more. They find application in diverse industries such as automotive, food and beverage, furniture, plastics and polymers, metal and machinery, electronics, pharmaceuticals, and others.

The collaborative robots market research report is one of a series of new reports that provides collaborative robots market statistics, including collaborative robots industry global market size, regional shares, competitors with a collaborative robots market share, detailed collaborative robots market segments, market trends, and opportunities, and any further data you may need to thrive in the collaborative robots industry. This collaborative robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The collaborative robots market consists of revenues earned by entities by providing hand guiding, safety monitored stop, and speed and separation. The market value includes the value of related goods sold by the service provider or included within the service offering. The collaborative robots market also includes the sales of grippers, robotic arms, controllers, and sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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