Collaborative Robot (Cobot) Market by Component (Software and Hardware), Payload (Upto 5kgs, Upto 10Kgs and above 10Kgs), Application, End-Users, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: May, 2020
  • Report ID: 418037
  • Category: Technology
  • Pages: 229
$4700

The global collaborative robot (Cobot) market is expected to grow from USD 941.80 million in 2019 to USD 16,934.45 million by 2027, at a CAGR of 43.56% during the forecast period 2020-2027.

Collaborative robot is the robot that is designed to interact with humans at the workplace. These robots are considered to be service robots, and thus they are designed to work along with the humans. Cobots are different than the traditional robots. They perform a variety of functions in various industries. They can undertake multiple tasks which is unlikely in conventional robots. Cobots have additional features like speed and safety monitoring, power and force limiting, hand guiding, etc. They assist the employees and helps to deliver profitable outcomes for the organization. Cobots eases out the work of employees and thus have significantly decreased the number of injuries in workplaces.

This study delivers a comprehensive analysis of component, payload, applications, end-users and regions. The component segment includes software and hardware. The software sub-segment is expected to grow at a lucrative rate. Due to the growing demand for cobots, continuous technological advancements are necessary. The payload segment includes up to 5Kgs, up to 10Kgs and above 10Kgs. Cobots with up to 5Kgs dominate the segment. It is lightweight, flexible, less costly and takes up little space as compared to the other higher payloads, which makes it popular among the industries. The application segment includes assembly, handling, processing, dispensing, packaging and quality testing. The handling segment accounts for the largest market share. The handling tasks are efficiently done by the cobots. Also, the risk of damage and contamination is minimized. The end-users segment includes automotive, food and beverages, furniture and equipment, plastic and polymers, metal and machinery, electronics, pharmaceuticals and others. Among these, the automotive sector accounts for the largest market share. The growth is attributed to the ease of the process of transportation and the reduced cost of production downtime.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Europe holds the largest market share. They are expected to grow at a significant rate over the years. This growth is due to the increased usability of cobot in different industries. Many of the local companies are collaborating with cobots for delivering efficient results.

Some of the notable players of the collaboration robot market include EPSON Robots, F&P Robotics AG, MRK Systeme, Precise Automation, Yaskawa Electric, Robert Bosch GmbH, Universal Robots A/S, AUBO Robotics Inc., Techman Robot, Franka Emik GmbH, DENSO Robotics, Energid Technologies, ABB Group, Fanuc Corporation, KUKA AG, Precise Automation, AUBO Robotics, Rethink Robotics Inc., MABI AG and others. Techman Robot launched an application named Tokyo RoboDEX in January 2019, which has additional features such as vibration feeder, screw driving, etc. These visual features have increased its applicability in industries by improving the 2D and 3D applications.

This study forecasts revenue growth at global, regional, and country levels from 2020 to 2027. Fior Markets has segmented the market based on below-mentioned segments:

Global Collaboration Robot (Cobot) Market Analysis And Forecast, By Component

  • Software
  • Hardware

Global Collaboration Robot (Cobot) Market Analysis And Forecast, By Payload

  • Up to 5kgs
  • Up to 10Kgs
  • Above 10Kgs

Global Collaboration Robot (Cobot) Market Analysis And Forecast, By Application

  • Assembly
  • Handling
  • Dispensing
  • Processing
  • Packaging
  • Quality Testing

Global Collaboration Robot (Cobot) Market Analysis And Forecast, By End-Users

  • Automotive
  • Food and Beverages
  • Furniture and Equipment
  • Plastic and Polymers
  • Metal and Machinery
  • Electronics
  • Pharmaceuticals
  • Others

Global Collaboration Robot (Cobot) Market Analysis And Forecast, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest Of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest Of South America
  • Middle East And Africa
    •  UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    •  South Africa
    • Rest of MEA

 Report Description:

  • The base year for the study has been considered 2019, historic year 2017 and 2018, the forecast period considered is from 2020 to 2027.
  • The study delivers a comprehensive analysis of global market for all segments and region.
  • The report offers in-depth analysis of driving factors, opportunities and restraints for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2020 to 2027.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the market. This report incorporates the industry analysis which is focused on providing an extensive view of the market.
  • The study also includes attractiveness analysis of all segments and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunist for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.

The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Component
          4.3.2. Market Attractiveness Analysis By Payload
          4.3.3. Market Attractiveness Analysis By Application
          4.3.4. Market Attractiveness Analysis By End User
          4.3.5. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
    5.3. Restraints
    5.4. Opportunities

6. Global Collaboration (Cobot) Robot Market Analysis and Forecast, By Component
    6.1. Segment Overview
    6.2. Software
    6.3. Hardware

7. Global Collaboration (Cobot) Robot Market Analysis and Forecast, By Payload
    7.1. Segment Overview
    7.2. Up to 5kgs
    7.3. Up to 10Kgs
    7.4. Above 10Kgs

8. Global Collaboration (Cobot) Robot Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Assembly
    8.3. Handling
    8.4. Dispensing
    8.5. Processing
    8.6. Packaging
    8.7. Quality Testing

9. Global Collaboration (Cobot) Robot Market Analysis and Forecast, By End User
    9.1. Segment Overview
    9.2. Automotive
    9.3. Food and Beverages
    9.4. Furniture and Equipment
    9.5. Plastic and Polymers
    9.6. Metal and Machinery
    9.7. Electronics
    9.8. Pharmaceuticals
    9.9. Others

10. Global Collaboration (Cobot) Robot Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Collaboration (Cobot) Robot Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in Global Collaboration (Cobot) Robot Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. EPSON Robots
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. F&P Robotics AG
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. MRK Systeme
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Precise Automation
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Yaskawa Electric
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Robert Bosch GmbH
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. Universal Robots A/S
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. AUBO Robotics Inc
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Techman Robot
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Franka Emik GmbH,
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
    12.11. DENSO Robotics
          12.11.1. Business Overview
          12.11.2. Company Snapshot
          12.11.3. Company Market Share Analysis
          12.11.4. Company Product Portfolio
          12.11.5. Recent Developments
          12.11.6. SWOT Analysis
    12.12. Energid Technologies
          12.12.1. Business Overview
          12.12.2. Company Snapshot
          12.12.3. Company Market Share Analysis
          12.12.4. Company Product Portfolio
          12.12.5. Recent Developments
          12.12.6. SWOT Analysis
    12.13. ABB Group
          12.13.1. Business Overview
          12.13.2. Company Snapshot
          12.13.3. Company Market Share Analysis
          12.13.4. Company Product Portfolio
          12.13.5. Recent Developments
          12.13.6. SWOT Analysis
    12.14. Fanuc Corporation
          12.14.1. Business Overview
          12.14.2. Company Snapshot
          12.14.3. Company Market Share Analysis
          12.14.4. Company Product Portfolio
          12.14.5. Recent Developments
          12.14.6. SWOT Analysis
    12.15. KUKA AG
          12.15.1. Business Overview
          12.15.2. Company Snapshot
          12.15.3. Company Market Share Analysis
          12.15.4. Company Product Portfolio
          12.15.5. Recent Developments
          12.15.6. SWOT Analysis
    12.16. Precise Automation
          12.16.1. Business Overview
          12.16.2. Company Snapshot
          12.16.3. Company Market Share Analysis
          12.16.4. Company Product Portfolio
          12.16.5. Recent Developments
          12.16.6. SWOT Analysis
    12.17. AUBO Robotics
          12.17.1. Business Overview
          12.17.2. Company Snapshot
          12.17.3. Company Market Share Analysis
          12.17.4. Company Product Portfolio
          12.17.5. Recent Developments
          12.17.6. SWOT Analysis
    12.18. Rethink Robotics Inc
          12.18.1. Business Overview
          12.18.2. Company Snapshot
          12.18.3. Company Market Share Analysis
          12.18.4. Company Product Portfolio
          12.18.5. Recent Developments
          12.18.6. SWOT Analysis
    12.19. MABI AG
          12.19.1. Business Overview
          12.19.2. Company Snapshot
          12.19.3. Company Market Share Analysis
          12.19.4. Company Product Portfolio
          12.19.5. Recent Developments
          12.19.6. SWOT Analysis
 

List of Table

1. Global Collaboration (Cobot) Robot Market, By Component  , 2017–2027 (USD Billion)

2. Global Software, Collaboration (Cobot) Robot  Market, By Region, 2017–2027 (USD Billion)

3. Global Hardware, Collaboration (Cobot) Robot  Market, By Region, 2017–2027 (USD Billion)

4. Global Collaboration (Cobot) Robot Market, By Payload , 2017–2027 (USD Billion)

5. Global Up to 5kgs, Collaboration (Cobot) Robot  Market, By Region, 2017–2027 (USD Billion)

6. Global Up to 10Kgs, Collaboration (Cobot) Robot  Market, By Region, 2017–2027 (USD Billion)

7. Global Above 10Kgs, Collaboration (Cobot) Robot  Market, By Region, 2017–2027 (USD Billion)

8. Global Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

9. Global Assembly, Collaboration (Cobot) Robot  Market, By Region, 2017–2027 (USD Billion)

10. Global Handling, Collaboration (Cobot) Robot  Market, By Region, 2017–2027 (USD Billion)

11. Global Dispensing, Collaboration (Cobot) Robot  Market, By Region, 2017–2027 (USD Billion)

12. Global Processing, Collaboration (Cobot) Robot  Market, By Region, 2017–2027 (USD Billion)

13. Global Packaging, Collaboration (Cobot) Robot  Market, By Region, 2017–2027 (USD Billion)

14. Global Quality Testing, Collaboration (Cobot) Robot  Market, By Region, 2017–2027 (USD Billion)

15. Global Collaboration (Cobot) Robot Market, By End User  , 2017–2027 (USD Billion)

16. Global Automotive, Collaboration (Cobot) Robot Market, By Region, 2017–2027 (USD Billion)

17. Global Food and Beverages, Collaboration (Cobot) Robot Market, By Region, 2017–2027 (USD Billion)

18. Global Furniture and Equipment, Collaboration (Cobot) Robot Market, By Region, 2017–2027 (USD Billion)

19. Global Plastic and Polymers, Collaboration (Cobot) Robot Market, By Region, 2017–2027 (USD Billion)

20. Global Metal and Machinery, Collaboration (Cobot) Robot Market, By Region, 2017–2027 (USD Billion)

21. Global Electronics, Collaboration (Cobot) Robot Market, By Region, 2017–2027 (USD Billion)

22. Global Pharmaceuticals, Collaboration (Cobot) Robot Market, By Region, 2017–2027 (USD Billion)

23. Global Others, Collaboration (Cobot) Robot Market, By Region, 2017–2027 (USD Billion)

24. Global Collaboration (Cobot) Robot Market, By Region, 2017–2027 (USD Billion) 

25. Global Collaboration (Cobot) Robot Market, By North America, 2017–2027 (USD Billion)

26. North America Collaboration (Cobot) Robot Market, By Component, 2017–2027 (USD Billion)

27. North America Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

28. North America Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

29. North America Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

30. U.S. Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

31. US Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

32. US Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

33. U.S. Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

34. Canada Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

35. Canada Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

36. Canada Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

37. Canada Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

38. Mexico Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

39. Mexico Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

40. Mexico Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

41. Mexico Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

42. Europe Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

43. Europe Collaboration (Cobot) Robot Market, By Source , 2017–2027 (USD Billion)

44. Europe Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

45. Europe Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

46. Germany Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

47. Germany Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

48. Germany Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

49. Germany Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

50. France Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

51. France Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

52. France Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

53. France Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

54. U.K. Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

55. U.K. Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

56. UK Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

57. UK Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

58. Italy Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

59. Italy Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

60. Italy Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

61. Italy Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

62. Spain Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

63. Spain Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

64. Spain Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

65. Spain Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

66. Asia Pacific Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

67. Asia Pacific Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

68. Asia Pacific Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

69. Asia Pacific Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

70. Japan Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

71. Japan Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

72. Japan Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

73. Japan Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

74. China Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

75. China Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

76. China Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

77. China Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

78. India Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

79. India Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

80. India Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

81. India Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

82. South America Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

83. South America Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

84. South America Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

85. South America Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

86. Brazil Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

87. Brazil Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

88. Brazil Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

89. Brazil Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

90. Middle East and Africa Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

91. Middle East and Africa Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

92. Middle East and Africa Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

93. Middle East and Africa Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

94. UAE Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

95. UAE Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

96. UAE Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

97. UAE Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

98. South Africa Collaboration (Cobot) Robot Market, By Component   , 2017–2027 (USD Billion)

99. South Africa Collaboration (Cobot) Robot Market, By End User , 2017–2027 (USD Billion)

100. South Africa Collaboration (Cobot) Robot Market, By Payload, 2017–2027 (USD Billion)

101. South Africa Collaboration (Cobot) Robot Market, By Application, 2017–2027 (USD Billion)

 

List of Figures 

1. Global Collaboration (Cobot) Robot Market Segmentation

2. Collaboration (Cobot) Robot Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Collaboration (Cobot) Robot Market Attractiveness Analysis By Component   

9. Global Collaboration (Cobot) Robot Market Attractiveness Analysis By Payload  

10. Global Collaboration (Cobot) Robot Market Attractiveness Analysis By Application

11. Global Collaboration (Cobot) Robot Market Attractiveness Analysis By End User 

12. Global Collaboration (Cobot) Robot Market Attractiveness Analysis By Region

13. Global Collaboration (Cobot) Robot Market: Dynamics

14. Global Collaboration (Cobot) Robot Market Share By Component    (2020 & 2027)

15. Global Collaboration (Cobot) Robot Market Share By Payload    (2020 & 2027)

16. Global Collaboration (Cobot) Robot Market Share By Application    (2020 & 2027)

17. Global Collaboration (Cobot) Robot Market Share by End User  (2020 & 2027)

18. Global Collaboration (Cobot) Robot Market Share by Regions (2020 & 2027)

19. Global Collaboration (Cobot) Robot Market Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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