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Base Year: 2024
Companies covered: 10
Tables & Figures: 49
Countries covered: 17
Pages: 135
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Collaborative Manufacturing Robots Market
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Collaborative Manufacturing Robots Market Size
The global collaborative manufacturing robots market size was valued at USD 121.7 million in 2024. The market is expected to grow from USD 133.9 million in 2025 to USD 329.1 million in 2034, at a CAGR of 10.5%. The market of collaborative manufacturing robots is witnessing intense growth with the increasing incorporation of automation in businesses. The demand for collaborative robots (cobots) is because of their capability to increase productivity as well as enhance workplace safety — working side by side with humans.
According to International Federation of Robotics (IFR), the global operational stock of industrial robots reached 4.2 million units in 2023, with cobots accounting for a considerable share. The automotive, electronics, and health care markets have started using cobots to improve operational efficacy and cots, enhance accuracy, and decrease manual intervention. In addition, government policies supporting Industry 4.0 and smart manufacturing are accelerating the growth of the market. The Horizon 2020 program of the European Union supported robotics research and development with considerable funding, resulting in innovative advancements in collaborative robotics.
The growing demand for automation solutions, which are flexible and scalable, provides another growth impetus for the business. SMEs (Small and Medium sized Enterprises) have limited resources, and therefore, cost-effective programmable cobots are within their reach. The US Department of Commerce notes that small and medium-sized enterprises (SMEs) account for close to 44% of the U.S. GDP. Their adoption of cobots is likely to increase as they try to stay relevant in a fast-paced economy. In addition, the rising capability of other technologies such as artificial intelligence (AI) and machine learning are allowing for even more complex tasks to be completed by cobots, hence increasing productivity across sectors.
Collaborative Manufacturing Robots Market Trends
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Collaborative Manufacturing Robots Market Analysis
Based on payload, the market is segmented into up to 5 kg, 5-10 kg, 10-25 kg, and more than 25 kg. The up to 5 kg segment accounted for revenue of around USD 46.4 million in the year 2024 and is estimated to grow at a CAGR of around 9.6% from 2025 to 2034.
Based on application, the collaborative manufacturing robots market is classified into material handling, assembling & dissembling, welding & soldering, dispensing, processing, and others. Material handling dominated the market in 2024, with share of 41.5%, and is expected to reach USD 144.8 million by 2034.
Based on end-user, the market is classified into large enterprises, small & medium enterprises (SMEs). In 2024, large enterprises segment held a significant share of the market and is expected to maintain its position during the forecast period.
The U.S. plays a significant role in the global collaborative manufacturing robots market with a revenue of around 27.3 million in 2024 and is expected to grow at a CAGR of 11.4% in the forecasted years. The region dominance is due to by its robust construction industry.
Collaborative Manufacturing Robots Market Share
Collaborative Manufacturing Robots Market Companies
Major players operating in the collaborative manufacturing robots industry include:
Market leaders in the area of collaborative manufacturing robots are employing strategies like product innovation, strategic collaborations, partnerships, and new area or region penetration to consolidate their standing towards the market. An example is Universal Robots that now offer cobots with advanced safety measures and easy to program interfaces for various sectors.
Another broad strategy focuses on spending for advanced technology development in the area of cobots. ABB, for example, is spending heavily on research and has recently introduced more precise and efficient cobots. Also, there is a trend for forming alliances with system integrators and end users to widen market presence and provide targeted offerings.
FANUC sells two different series of collaborative robots, the CR series and the CRX series. These series address many industrial applications with different payloads and reach. FANUC first introduced the CR series with the CR-35iA, which was the first collaborative robot to have a high payload capacity. Since then, FANUC has added several models to this series to accommodate many uses.
Collaborative Manufacturing Robots Industry News
The Collaborative manufacturing robots market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Thousand Units) from 2021 to 2034, for the following segments:
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Market, By Payload
Market, By Component
Market, By Mobility
Market, By End Use
Market, By Application
The above information is provided for the following regions and countries: