Assembly Application to Dominate Europe Collaborative Robot Market During Forecast Period

Improving human–machine interface (HMI) and rising integration of AI to imitate human behavior is expected to drive the growth of Europe collaborative robot market

According to TechSci Research report, “Europe Collaborative Robot Market By Payload Capacity (Up to 5 Kg, Between 5 and 10 Kg and Above 10 Kg), By Application (Assembly, Pick & Place, Machine Tending and Others), By End User Industry (Automotive, Electronics, Metals & Machining, Plastics & Polymers and Others), By Country, Forecast & Opportunities, 2025”, the Europe collaborative robot market is expected to grow at a formidable rate during the forecast period owing to the advancements in machine learning, AI, edge computing and robotics industry. Additionally, implementation of artificial intelligence with cobots is an emerging industry trend that enhances the sensing capabilities of the cobots and boosts its computational power thereby propelling the market in the region. Further, growing trend for human-robot collaboration, ease of use and installation, low cost of cobots, lightweight & mobility, adoption of industry 4.0 standards, among others are fueling the market. However, lack of capabilities related to faster cycle time and repeatability can hamper the growth of market during forecast period. Moreover, developing AI to help robots make better decisions and making them safe for humans is further expected to restrict the growth of market during forecast period.

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The Europe collaborative robot market is segmented based on payload capacity, application, end user industry, company and country distribution. Based on payload capacity, the market can be fragmented into up to 5 kg, between 5 and 10 kg and above 10 kg. The up to 5 kg payload capacity segment is expected to hold a significant market share during the forecast period owing to the increasing demand for light, as well as moderate payload capacity of cobots owing to their ease of deployment, high adaptability, affordability and plug-and-play characteristics, which are a few essential parameters that meet the demands of a large pool of SMEs. The collaborative robot market for low-payload-capacity cobots is gaining significant traction from new as well as existing market players hence, it is becoming more competitive with time. Based on application, the market can be categorized into assembly, pick & place, machine tending and others. The assembly application segment is expected to dominate the market on account of the growing demand of collaborative robot market for assembly applications from various end user industries such as automotive, food & beverages, furniture & equipment industries, among others. Based on end user industry, the market can be grouped into automotive, electronics, metals & machining, plastics & polymers and others. The automotive industry is expected to register significant growth during forecast period. The market is expected to remain innovation-led with the introduction of new metals and chemicals that provide cost-efficiency and weight reduction, and low-manufacturing overheads in automobile manufacture. The market is experiencing emergence of several disruptors and technology integrators who are expected to offer high competition to the existing automobile manufacturers.

Universal Robots A/S, ABB Ltd., KUKA AG, Robert Bosch GmbH, MRK-Systeme GmbH, F&P Robotics AG, Active8 Robots, HumaRobotics, qbrobotics, Automata Technologies Limited and others are some of the leading players operating in Europe collaborative robot market. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, in 2018, KUKA AG through its subsidiary KUKA Robotics Korea Co. Ltd. entered a strategic partnership with the Hyundai Robotics-a robotics division of Hyundai Heavy Industries Holdings. The partnership has assisted the latter in extending its product portfolio in Korean geographies.

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“Europe collaborative robot market is expected to witness growth during the forecast period owing to the strong government support to promote the use of factory automation solutions, thus supporting the adoption of ‘Industry 4.0’. Additionally, enormous application of cobots in different verticals such as electronics, logistics, inspection, among others. Also, the regional growth of the cobots technology can be attributed to various advantages such as increased collaboration and efficient manufacturing optimization solutions offered through automation at workplaces.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Europe Collaborative Robot Market By Payload Capacity (Up to 5 Kg, Between 5 and 10 Kg and Above 10 Kg), By Application (Assembly, Pick & Place, Machine Tending and Others), By End User Industry (Automotive, Electronics, Metals & Machining, Plastics & Polymers and Others), By Country, Forecast & Opportunities, 2025” has evaluated the future growth potential of Europe collaborative robot market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Europe collaborative robot market.

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