NE W YORK, July 22, 2021 /PRNewswire/ -- The Collaborative Robots Market report has been added to Technavio's offering. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Our client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.
The global collaborative robots market is expected to grow by USD 1.09 billion, according to Technavio. This marks a significant market slowdown compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 16.08%.
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Read the 120-page report with TOC on "Collaborative Robots Market Analysis Report by Application (Material handling, Assembly, Inspection and testing, Welding, and Painting and dispensing) and Geography (Europe, APAC, North America, South America, and MEA) Forecasts 2021-2025: https://www.technavio.com/report/collaborative-robots-market-industry-analysis
The collaborative robots market growth is attributed to increased adoption rate in SME sector. This report has been curated considering various factors for forecast evaluation including the impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior. As the impact of the pandemic unfolds, the report will offer pre-and post-COVID market estimates in optimistic, probable, and pessimistic scenarios.
Major Five Collaborative Robots Companies:
Festo SE and Co. KG
Fiat Chrysler Automobiles NV
Hans Laser Technology Industry Group Co. Ltd.
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Collaborative Robots Market Application Outlook (Revenue, USD bn, 2020-2025)
Material handling - size and forecast 2020-2025
Assembly - size and forecast 2020-2025
Inspection and testing - size and forecast 2020-2025
Welding - size and forecast 2020-2025
Painting and dispensing - size and forecast 2020-2025
Collaborative Robots Market Geography Outlook (Revenue, USD bn, 2020-2025)
Europe - size and forecast 2020-2025
APAC - size and forecast 2020-2025
North America - size and forecast 2020-2025
South America - size and forecast 2020-2025
MEA - size and forecast 2020-2025
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