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The Mobile Cobots Market is experiencing dynamic shifts driven by advancements in technology and a growing demand for flexible automation solutions. Mobile cobots, or collaborative robots, are designed to work alongside humans, enhancing efficiency and adaptability in various industries. The market dynamics of mobile cobots are shaped by several key factors that influence their adoption and evolution.
One significant driver of market dynamics is the continuous innovation in robotics and artificial intelligence. As technology advances, mobile cobots become more sophisticated, with improved sensors, better navigation capabilities, and enhanced machine learning algorithms. These innovations contribute to increased efficiency, safety, and versatility, making mobile cobots appealing across industries such as manufacturing, healthcare, logistics, and more.
Another crucial aspect influencing the market dynamics is the growing emphasis on workplace safety and the need for human-robot collaboration. Mobile cobots are designed to work in close proximity to humans, facilitating tasks that require flexibility and adaptability. This collaborative approach ensures a safer working environment, as cobots can handle repetitive or strenuous tasks, allowing human workers to focus on more complex and cognitive aspects of their jobs.
Market dynamics are also shaped by the increasing demand for automation solutions to address labor shortages and improve productivity. Mobile cobots offer a cost-effective way for businesses to automate their processes without the need for extensive infrastructure changes. The ease of integration and deployment of mobile cobots makes them a viable solution for small and medium-sized enterprises, contributing to the overall market growth.
Furthermore, the scalability and flexibility of mobile cobots play a crucial role in market dynamics. Businesses are increasingly looking for automation solutions that can be easily scaled to meet evolving demands. Mobile cobots, with their ability to navigate dynamic environments and adapt to changing workflows, provide a scalable solution that aligns with the shifting needs of industries.
The competitive landscape also influences the market dynamics of mobile cobots. As more companies enter the market, there is a constant push for innovation and differentiation. This competition drives continuous improvement in mobile cobot capabilities, features, and cost-effectiveness, benefitting end-users with a broader range of options and advanced technologies.
Regulatory considerations and standards also impact the dynamics of the mobile cobots market. Governments and industry bodies are working to establish guidelines and regulations to ensure the safe deployment and operation of cobots. Compliance with these standards becomes a significant factor for manufacturers and end-users, influencing the development and adoption of mobile cobots.
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Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Weight capacity, Application, End User, and Region |
Mobile Cobots Market Highlights:
Mobile Cobots Market Overview
The Mobile Cobots Market is projected to grow from USD 0.62 billion in 2024 to USD 3.18 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 22.44% during the forecast period (2024 - 2032). Additionally, the market size for mobile cobots was valued at USD 0.5 billion in 2023.
Increased spending on automated systems is a universal trend across all industries, and low prices to set up and run are the key market drivers enhancing market growth.
Figure 1: Mobile Cobots Market Size, 2023-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Mobile Cobots Market Trends
Growing demand for automation solutions driving the market growth
Market CAGR for mobile cobot technology is driven by the Increasing adoption of mobile collaborative robots driven by the rising need for automation solutions in manufacturing, electronics, and healthcare industries. The prevalence of assembly jobs in other manufacturing sectors has contributed to the rising demand for mobile cobots in this sector. E-prescriptions, mobile consulting, and electronic medical records are just some of the automation technologies that stand to benefit from the rising use of mobile cobots in healthcare as the industry responds to the health crisis. The efficiency of autonomous vehicles depends on their constant data transmission to the cloud. It is made possible by sophisticated AI and ML technologies that enable these autonomous driving.
Additionally, mobile collaborative robots that can pick up items from bins are a major step forward. These mobile cobots have gained much attention from industry leaders because of their fast cycle times and pinpoint precision while positioning objects. Therefore, mobile cobots are gaining popularity among producers in several sectors, including the food and beverage and pharmaceutical industries.
As a result, the mobile collaborative robots market should expand thanks to the rising popularity of bin-picking variations. The market is also driven by the increased use of order-picking robots in warehouses to improve productivity, dependability, and scalability.
For instance, Volvo Cars have stated that it will construct a new production facility to accommodate the growing demand for electric vehicles and capitalize on market opportunities. The rise of the mobile cobot market can be attributed to the rising demand for industrial robots caused by these causes. As a result, it is anticipated that demand for Mobile Cobots will increase throughout the projection period due to the rising technology rate. Thus, the driving factor of the Mobile Cobots market revenue.
Mobile Cobots Market Segment Insights
Mobile Cobots Weight Capacity Insights
The Mobile Cobots market segmentation, based on weight capacity, includes 1 to 3kg, 3 to 5kg, 5 to 10kg, and above 10kg. The above 10kg segment is expected to grow fastest. Material handling, assembling, sealing, dispensing, and removal are all performed by robot arms in small and medium-sized mobile cobots that weigh more than 10 kg. Many people believe that the emergence of cobots is responsible for the anticipated increase in the demand for helpful mechanical devices in the automotive, agricultural, and retail industries.
Figure 2: Mobile Cobots Market, by Weight Capacity, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Mobile Cobots Application Insights
The Mobile Cobots market segmentation, based on application, includes automated pallet forks, conveyor brands, robotic arms, safety units, and shelf units. The category with the largest market share is robotic arms, which is expected to grow fastest at a CAGR of 25.90 percent over the next several years. Mobile robots increase the mobility of robotic arms, which are used in industries like manufacturing and warehouse logistics, where the automation of tasks like retrieving items from shelves and transporting them to other locations is a real possibility. Robots at retail warehouses are helpful because they can collect orders from different locations and transport them to the shipping department.
Mobile Cobots End User Insights
The Mobile Cobots market segmentation, based on end users, includes aerospace, agriculture, automotive, construction, electronic & semiconductor, food & beverage, retail and logistics, and healthcare. The retail and logistics sector is expected to develop at a CAGR of 25.90% over the projected period, making up the largest share of the market. Mobile cobots are needed for retailers to keep up with customer demand, especially during busy periods like holidays. Continuously working without a drop in output makes mobile cobots a faster and more efficient alternative to hiring and training additional workers during peak periods.
Mobile Cobots Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Mobile Cobots market will dominate this market. Owing to being widely used in producing cars, electronics, and machines, they were quickly adopted by the manufacturing sector. In addition, the expansion of the market in North America is largely attributable to the region's supportive government efforts stemming from the industrial revolution and its massive investments in R&D for cobot production.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: MOBILE COBOTS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe’s Mobile Cobots market accounts for the second-largest market due to the increasing production facilities being built and the presence of significant companies in the automobile industry. Further, the German Mobile Cobots market held the largest market share, and the UK Mobile Cobots market was the fastest-growing market in the European region.
The Asia-Pacific Mobile Cobots Market is expected to grow at the fastest CAGR from 2023 to 2032. The regional market expansion is anticipated to be the lower price of collaborative robots than traditional robots. Their ability to do tasks more quickly and precisely contributes to the rising demand for mobile cobots in the Asia-Pacific region. Moreover, China’s Mobile Cobots market held the largest market share, and the Indian Mobile Cobots market was the fastest-growing market in the Asia-Pacific region.
For instance, Asia-Pacific announced a five-year strategy for smart manufacturing, promising to digitize key industries fully by 2032. The sector's increased technological and commercial competitiveness in the worldwide fight for advanced manufacturing could fuel demand.
Mobile Cobots Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the Mobile Cobots market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Mobile Cobots industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Mobile Cobots industry to benefit clients and increase the market sector. In recent years, the Mobile Cobots industry has offered some of the most significant technological development. Major players in the Mobile Cobots market, including ABB Limited, Aubo Robotics Inc, Fanuc Corporation, Kawada Robotics, Kuka Ag, MrRK-Systeme Gmbh, Precise Automation, Techman Robot Inc, Yaskawa Electric Corporation, Agilex Robotics (Shenzhen) Ltd, Robert Bosch Gmbh, Staubli International Ag, Waypoint Robotics, Robotnik, and others are attempting to increase market demand by investing in research and development operations.
KUKA is a multinational automation firm that generates around €3.3 billion in annual revenue and employs over 14,000. The main office is in the German city of Augsburg. KUKA is a leader in providing intelligent automation solutions, serving industries as diverse as automotive, electronics, metal & plastic, consumer goods, e-commerce/retail, and healthcare. It includes providing customers with everything from robots and cells to fully automated systems and their networking. In March 2022, KUKA AG's order intake for the year's first half was a record, notwithstanding the gloomy economic backdrop. The second part of the year saw nearly doubled orders from China, helping propel KUKA's total growth to its highest level ever.
FANUC America Corporation in Rochester Hills, Michigan, provides CNC systems and factory automation robots. FANUC America was established in 1982 and now employs more than 1,500 people across the Americas. Members of our team that specialize in automation work in customer service, engineering, finance, human resources, information technology, logistics, operations, manufacturing, product development, sales, marketing, and training. In June 2022, Fanuc Corporation has added the CRX-5iA, CRX-20iA/L, and CRX-25iA collaborative robots to its CRX range of robot arms. It has recently added the CRX-10iA and CRX-10iA/L collaborative robots to its widely used CRX line. Small and large factories can use CRX cobots to increase productivity and reduce labor costs.
Key Companies in the Mobile Cobots market include
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ABB Limited
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Aubo Robotics
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Kawada Robotics
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Kuka Ag
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MrRK-Systeme Gmbh
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Precise Automation
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Techman Robot Inc.
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Yaskawa Electric Corporation
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Agilex Robotics (Shenzhen) Ltd
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Robert Bosch Gmbh
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PBA Group
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Waypoint Robotics
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Robotnik
Mobile Cobots Industry Developments
January 2022: KUKA AG recently inked a big contract with Ford Otosan KUKA and Ford Otosan in Turkey to supply over 700 robots for use in Ford's Kocaeli, Turkey, plants on the assembly lines for its next-generation electrical and connected commercial vehicle projects.
December 2022: ABB has introduced the SWIFTITM CRB 1300 industrial collaboration robot to fill the void between traditional industrial robots and their more human-friendly counterparts.
Mobile Cobots Market Segmentation
Mobile Cobots Weight Capacity Outlook
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1 to 3kg
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3 to 5kg
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5 to 10kg
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Above 10kg
Mobile Cobots Application Outlook
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Automated Pallet Forks
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Conveyor Brands/ Belts
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Robotic Arms
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Safety Units
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Shelf Units
Mobile Cobots End User Outlook
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Aerospace
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Agriculture
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Automotive
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Construction
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Electronics & Semiconductor
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Food & Beverage
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Healthcare
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Retail & Logistics
Mobile Cobots Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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