Collaborative Robots Market Growth, Size, Trends Analysis and Segment Forecast to 2034
Global Collaborative Robots Market Growth, Size, Trends Analysis- By Payload Capacity, By Application, By Industry Vertical- Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Oct-2025 | Report ID: SEMI2590 | Pages: 1 - 244 | Formats*: |
| Category : Semiconductor and Electronics | |||
Collaborative Robots MarketIntroduction and Overview
According to SPER Market Research, the Global Collaborative Robots Market is estimated to reach USD 34.06 billion by 2034 with a CAGR of 31.88%.
The report includes an in-depth analysis of the Global Collaborative Robots Market, including market size and trends, product mix, Applications, and supplier analysis. The Global Collaborative Robots Market was valued at USD 2.14 billion in 2024, and it is expected to rise at a 31.88% CAGR from 2025 to 2034. The Global Collaborative Robots Market is being driven by several key factors. Cobots are designed to work alongside human operators, offering cost-effective installation and integration that makes automation accessible to small and medium-sized enterprises. These robots enable faster deployment, reduce downtime, and minimize maintenance expenses, often achieving payback within a year. Their adaptability allows them to handle diverse tasks such as assembly, packaging, inspection, and material handling, helping companies quickly adjust to changing production needs without major reconfiguration. This flexibility is especially valuable in high-mix, low-volume manufacturing environments. Additionally, cobots can be easily reprogrammed and redeployed, saving both time and costs.
By Payload Capacity
The segment of collaborative robots with lower payload capacity dominates the market, driven by the increasing need for reliable in-building wireless connectivity to support growing smartphone usage and data-heavy applications. As buildings become smarter and more connected, efficient indoor payload solutions are essential, with systems designed to ensure seamless performance. Meanwhile, robots with higher payload capacities are expected to grow rapidly, fueled by demand for collaborative robots capable of handling heavier tasks in applications such as automotive assembly and metalworking. Industries are increasingly adopting these robots to enhance operational efficiency, reduce manual labor risks, and support automation in heavy-duty processes.
By Application Insights
The assembly segment leads the market, driven by the widespread adoption of collaborative robots (cobots) for tasks like nut driving, bolting, and part fitting. This growth is fueled by increasing automation across industries, particularly in automotive and electronics manufacturing, where cobots improve efficiency and reduce workplace injury risks. Meanwhile, the gluing and welding segment is projected to grow at the fastest pace, supported by rising automation needs in logistics and manufacturing. The expansion of e-commerce has heightened demand for efficient material handling and pick-and-place operations, encouraging companies to adopt cobots to boost productivity and lower operational costs, driving segment growth.
By Industry Vertical Insights
The automotive segment led the market, driven by the widespread implementation of automation technologies. Collaborative robots (cobots) are especially useful for tasks such as assembly, welding, and painting, where they improve accuracy and efficiency. Their capability to operate safely alongside human workers without extensive protective barriers enables manufacturers to streamline workflows, reduce downtime, and lower production costs. Additionally, the automotive industry’s ongoing focus on innovation and operational efficiency continues to fuel the adoption of cobots. These factors reinforce the importance of collaborative robots in modern automotive manufacturing, making them a key contributor to the segment’s growth.
Regional Insights
In 2024, the North American collaborative robots market accounted for a substantial revenue share, driven by high labor costs and a strong focus on workplace safety. Organizations increasingly adopted cobots to boost productivity while ensuring compliance with safety standards. The region’s well-established manufacturing industries, particularly in automotive and electronics, further supported the rising demand for automation solutions. Collaborative robots became a preferred choice for companies aiming to enhance operational efficiency, reduce manual labor risks, and optimize production processes, highlighting their growing significance in North America’s advanced manufacturing landscape.
Market Competitive Landscape
Many companies in the global market for collaborative robots, and they have the technical know-how to create cobots for a range of industrial uses. Small, medium-sized, and large companies all compete in this market, which is centred on producing collaborative robots with cutting-edge hand-guiding and safety capabilities. Leading businesses are giving top priority to the creation of cobots that can effectively do both simple and precise jobs. Manufacturers are constantly improving their current collaborative robot portfolios by incorporating cutting-edge technological features to stay competitive. This allows the robots to manage a wider variety of industrial processes.
Recent Developments:
In September 2024, ABB Robotics (ABB Group) launched a new Ultra Accuracy feature for its GoFa collaborative robot family, providing significantly higher path precision than other cobots. This innovation caters to industries such as electronics, automotive, aerospace, and metal fabrication, where exact positioning is crucial for maintaining product quality.
In July 2024, KUKA introduced the “LBR iisy†collaborative robot, designed to make robotics accessible to users with minimal technical experience. Its intuitive setup allows for quick unboxing and commissioning, enabling efficient deployment even by non-experts.
In March 2024, at MODEX 2024, Schneider Electric unveiled its new Lexium RL series of collaborative robots, capable of high-speed motion and controlling multiple axes from a single processor, supporting production flexibility and sustainability for manufacturers.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Payload Capacity, By Application, By Industry Vertical |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, Middle East & Africa |
| Companies Covered | ABB Group, AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD, Comau S.p.A., DENSO Corporation, Energid Technologies Corporation, Epson America Inc., Fanuc Corporation, KUKA AG, Rethink Robotics GmbH, Robert Bosch GmbH, Techman Robot Inc., Universal Robots. |
Key Topics Covered in the Report
- Global Collaborative Robots Market Size (FY’2021-FY’2034)
- Overview of Global Collaborative Robots Market
- Segmentation of Global Collaborative Robots Market By Payload Capacity (Up to 5Kg, Up to 10Kg, Above 10Kg)
- Segmentation of Global Collaborative Robots Market By Application (Assembly, Pick & Place, Handling, Packaging, Quality Testing, Machine Tending, Gluing & Welding, Others)
- Segmentation of Global Collaborative Robots Market By Industry Vertical (Automotive, Food & Beverage, Furniture & Equipment, Plastic & Polymers, Metal & Machinery, Electronics, Pharma, Others)
- Statistical Snap of Global Collaborative Robots Market
- Expansion Analysis of Global Collaborative Robots Market
- Problems and Obstacles in Global Collaborative Robots Market
- Competitive Landscape in the Global Collaborative Robots Market
- Details on Current Investment in Global Collaborative Robots Market
- Competitive Analysis of Global Collaborative Robots Market
- Prominent Players in the Global Collaborative Robots Market
- SWOT Analysis of Global Collaborative Robots Market
- Global Collaborative Robots Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPER’s internal database2.1.4.Premium insight from KOL’s2.2.Market size estimation2.2.1.Top-down and Bottom-up approach2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats5.2.PESTEL Analysis5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape5.3.PORTERs Five Forces5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Collaborative Robots Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Collaborative Robots Market
7.Global Collaborative Robots Market, By Payload Capacity (USD Million) 2021-2034
7.1.Up to 5Kg7.2.Up to 10Kg7.3.Above 10Kg
8.Global Collaborative Robots Market, By Application (USD Million) 2021-2034
8.1.Assembly8.2.Pick & Place8.3.Handling8.4.Packaging8.5.Quality Testing8.6.Machine Tending8.7.Gluing & Welding8.8.Others
9.Global Collaborative Robots Market, By Industry Vertical (USD Million) 2021-2034
9.1.Automotive9.2.Food & Beverage9.3.Furniture & Equipment9.4.Plastic & Polymers9.5.Metal & Machinery9.6.Electronics9.7.Pharma9.8.Others
10.Global Collaborative Robots Market, (USD Million) 2021-2034
10.1.Global Collaborative Robots Market Size and Market Share
11.Global Collaborative Robots Market, By Region, (USD Million) 2021-2034
11.1.Asia-Pacific11.1.1.Australia11.1.2.China11.1.3.India11.1.4.Japan11.1.5.South Korea11.1.6.Rest of Asia-Pacific11.2.Europe11.2.1.France11.2.2.Germany11.2.3.Italy11.2.4.Spain11.2.5.United Kingdom11.2.6.Rest of Europe11.3.Middle East and Africa11.3.1.Kingdom of Saudi Arabia11.3.2.United Arab Emirates11.3.3.Qatar11.3.4.South Africa11.3.5.Egypt11.3.6.Morocco11.3.7.Nigeria11.3.8.Rest of Middle-East and Africa11.4.North America11.4.1.Canada11.4.2.Mexico11.4.3.United States11.5.Latin America11.5.1.Argentina11.5.2.Brazil11.5.3.Rest of Latin America
12.Company Profile
12.1.ABB Group12.1.1.Company details12.1.2.Financial outlook12.1.3.Product summary12.1.4.Recent developments12.2.AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD12.2.1.Company details12.2.2.Financial outlook12.2.3.Product summary12.2.4.Recent developments12.3.Comau S.p.A.12.3.1.Company details12.3.2.Financial outlook12.3.3.Product summary12.3.4.Recent developments12.4.DENSO Corporation12.4.1.Company details12.4.2.Financial outlook12.4.3.Product summary12.4.4.Recent developments12.5.Energid Technologies Corporation12.5.1.Company details12.5.2.Financial outlook12.5.3.Product summary12.5.4.Recent developments12.6.Epson America Inc.12.6.1.Company details12.6.2.Financial outlook12.6.3.Product summary12.6.4.Recent developments12.7.Fanuc Corporation12.7.1.Company details12.7.2.Financial outlook12.7.3.Product summary12.7.4.Recent developments12.8.KUKA AG12.8.1.Company details12.8.2.Financial outlook12.8.3.Product summary12.8.4.Recent developments12.9.Rethink Robotics GmbH12.9.1.Company details12.9.2.Financial outlook12.9.3.Product summary12.9.4.Recent developments12.10.Robert Bosch GmbH12.10.1.Company details12.10.2.Financial outlook12.10.3.Product summary12.10.4.Recent developments12.11.Techman Robot Inc.12.11.1.Company details12.11.2.Financial outlook12.11.3.Product summary12.11.4.Recent developments12.12.Universal Robots12.12.1.Company details12.12.2.Financial outlook12.12.3.Product summary12.12.4.Recent developments12.13.Others
13.Conclusion
14.List of Abbreviations
15.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Collaborative Robots Market is projected to reach USD 34.06 by 2034, growing at a CAGR of 31.88% during the forecast period.
Collaborative Robots Market size from 2025. The Market is expected to reach USD 34.06 by 2034, at a CAGR of31.88% during the forecast period.
Collaborative Robots Market CAGR of 31.88% during the forecast period.
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Collaborative Robots Market size is USD 34.06 from 2025 to 2034.
Collaborative Robots Market covered By Payload Capacity, By Application, By Industry Vertical
The North America is anticipated to have the highest Market share in the Collaborative Robots Market .
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The report includes an in-depth analysis of the Global Collaborative Robots Market, including market size and trends, product mix, Applications, and supplier analysis."
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