Collaborative Robot (Cobot) Market Size to Reach USD 18,454.1 Million in 2032

KOLKATTA, India - July 12, 2025 - PRLog -- The rapid expansion of Industry 5.0 is playing a pivotal role in driving the revenue growth of the global Collaborative Robot (Cobot) market. Industry 5.0 places a strong focus on human-centric automation, personalization, and the seamless integration of advanced technologies. This shift reintroduces human workers into the production process, fostering enhanced collaboration between humans and robots. For example, in August 2022, ABB India expanded its Smart Power facility in Nelamangala, Bengaluru, to meet the growing need for energy management and smart power solutions with Industry 5.0 standards.

However, the limited payload and speed capabilities of collaborative robots pose a significant challenge to revenue growth of the market. While cobots are engineered for safe, flexible, and user-friendly operation alongside human workers, their lower payload capacities and slower speeds compared to conventional industrial robots limit their effectiveness in heavy-duty or high-speed environments.

Segments Market Overview and Growth Insights:

Based on application, the Collaborative Robot (Cobot) market is segmented into material handling, assembling & disassembling, welding & soldering, machine tending, packaging, gluing & welding, dispensing, processing, and others. The material handling segment accounted for the largest market share in 2024, due to the growing demand for efficient, adaptable, and safe automation across industries such as manufacturing, logistics, and e-commerce. For example, in December 2024, Collaborative Robotics—a key player in the collaborative robotics space, founded by the team behind Amazon Robotics' large-scale deployment of over 500,000 units, officially introduced its latest robot, Proxie.

Regional Market Overview and Growth Insights:

Europe led the global collaborative robot (cobot) market in terms of revenue share in 2024, driven by a combination of economic strength, technological advancement, and supportive policy frameworks that emphasize innovation and manufacturing efficiency. For instance, Audi implemented a groundbreaking production model that moves away from traditional assembly lines, utilizing Automated Guided Vehicles (AGVs) and lightweight robots developed by Universal Robots.

Competitive Landscape and Key Competitors

List of major players included in the market report are: Universal Robots, FANUC Corporation, ABB Ltd., KUKA AG, Yaskawa Electric Corporation, Doosan Robotics, Techman Robot Inc., AUBO Robotics, Franka Robotics GmbH, Comau S.p.A, Energid Technologies Corporation, Rethink Robotics GmbH, Neura Robotics, Elite Robots, Denso Corporation, and Addverb Technologies.

Major Strategic Developments by Leading Competitors

Universal Robots: On October 21, 2024, Danish collaborative robot manufacturer Universal Robots introduced the UR AI Accelerator. This all-in-one hardware and software toolkit is designed to accelerate the creation of AI-powered cobot applications.

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