Mobile Cobots Market to Grow at 30.7% CAGR by 2030
The increasing demand for mobile collaborative robots to improve productivity in the automotive industry drives the growth of the mobile cobots market.
According to a new research report by Next Move Strategy Consulting, the Mobile Cobots market was valued at USD 656.1 million in 2021 and is expected to reach USD 7,660.4 million by 2030, at a CAGR of 30.7% during the forecast period.
The advantages of mobile cobots, including high-quality output and standardization in the production process, make them an ideal solution for the automobile industry. Cobots support workers and perform hazardous tasks such as heavy lifting, welding, handling liquid metal, and exposure to hazardous fumes or extreme temperatures. These factors will boost the growth of the mobile cobots market.
On the contrary, the lack of a skilled labor force in developing & undeveloped regions to deploy and maintain robotic applications, platforms & systems hinders the growth of the mobile cobots market.
However, the growing implementation of Industry 5.0 has led to a shift from robots to cobots, enabling the latter to collaborate with human workers at the center of the manufacturing process. The ability of cobots to work collaboratively with humans has boosted the productivity of the manufacturing sector. These factors have increased the adoption of collaborative robots and created ample growth opportunities in the mobile cobots market.
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According to the report, the leading players in the mobile cobots market include Universal Robots, Fanuc Corporation, Yaskawa, Kuka AG, Aethon, Staubli International AG, Festo, Teradyne Inc., Fetch Robotics Inc., and Precise Automation.
Key Insights from the Mobile Cobots Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the mobile cobots market is provided in the report.
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
The market shares of the players in the global mobile cobots market, along with their competitive analysis, are provided in the report.