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A collaborative robot or at times referred as cobot is a robot that can safely and effectively interact with human workers while performing various industrial tasks. Collaborative industrial robots are considered as highly complex machines which are able to work hand in hand with human. These machines are in contrast when compared to other robots, designed to operate autonomously or with limited guidance.

Global Collaborative Robot Market is accounted for approximately XX USD million in 2018 and is expected to reach XX USD million by 2026 growing at a CAGR of XX% between 2019 and 2026. Increased demand for industrial automation, upsurge in the use of robot technology, and increase in government expenditure on digitalization is anticipated to drive the market growth. Furthermore, the growth is attributed to the wide adoption of collaborative robots in industries such as automotive, furniture and equipment, and metals and machining.

Emergence of advanced robotics and artificial intelligence, sensors, cloud computing, the Internet of Things, data capture and analytics in automation industry is expected to create growth opportunities during the forecast period. However, factors such as the requirement of high initial investment and dearth of skilled workforce are expected to restrain the growth of the market.

Based on type, the Collaborative Robot market has been segmented into Up to 5 Kg , Between 5 and 10kg, and Above 10kg. Furthermore, by application, the Collaborative Robot market has been bifurcated into Automotive, Electronics, Metals and Machining, Plastics and Polymers, Food & Beverages, and Others. The above 10kg segment type is expected to value for a major market share with XX% in 2018. However, Automotive is anticipated to exhibit the largest market share with XX% in 2018.

Geographically, global Collaborative Robot market has been segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Among all, North America leads the global Collaborative Robot market with XX% market share in 2018. The growth of the market in this region is primarily driven by presence of large manufacturer base along with robust investments in automation sector.

The report further offers detailed competitive analysis of the top key players that are trending in the market. The list of the players that are featured in the report are Universal Robots A/S, Rethink Robotics, ABB, Kuka AG, Fanuc Corporation, Robert Bosch GmbH, Mrk-Systeme GmbH, Precise Automation, Inc., Energid Technologies Corporation, and F&P Robotics AG

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The Global Collaborative Robot Market Segmentation:
Global Collaborative Robot Market: Type Analysis

•    Up to 5 Kg
•    Between 5 and 10kg
•    Above 10kg

Global Collaborative Robot Market: Application Analysis
•    Automotive
•    Electronics
•    Metals and Machining
•    Plastics and Polymers
•    Food & Beverages
•    Others

Global Collaborative Robot Market: Regional Analysis
•    North America  (U.S., Canada, Mexico)
•    Europe (U.K., France, Germany, Spain, Italy and Rest Of Europe)
•    Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
•    Latin America (Brazil, Argentina, Colombia and Rest of L.A.)
•    Middle East And Africa (Turkey, GCC, UAE and South Africa Rest of Middle East)