Comprehensive Report on Global Cobots Market by Knowledge Sourcing Intelligence

Global Cobots market is projected to witness the growth at a CAGR of 85.08% during the forecast period to reach the total market size of US$3,811.483 million by 2021, increasing from US$175.500 million in 2016. This growth is largely driven by the growing number of enterprises willing to adopt collaborative robots for different applications. 
With the increasing adoption of these robots and inclination towards automation, the demand for these robots is expected to surge over the forecast period. High initial investment and cost involved in the trailing of the workforce to interact with the robots are some of the key challenges impeding the market growth.  Market Research is done by the knowledge sourcing industry due to the huge scope with the respective industry.
global cobots market

Sample view of global cobots market share

BARGAINING POWER OF SUPPLIERS 

 Although the global COBOTS market is packed with a limited number of vendors. The competitive market due to rapid industrialization and high adoption rates over the forecast period will result in higher investments in strategic planning by enterprises. This enhances the customer base while boosting the bargaining power of suppliers. However, high switching costs from one supplier to another weakens the position of end users. Vendors are increasingly engaging in industry integration to enhance their market position which further increases the bargaining power of suppliers.             
COBOTS MARKET BY  APPLICATION        
By application, Cobots the market is segmented into packaging, pick and place, palletizing, and others.
global cobots market
Sample view of global cobots market share by application

COBOTS MARKET BY GEOGRAPHY

Geographically, the global Cobots market is segmented as Americas, Europe Middle East and Africa, and the Asia Pacific. Americas accounted for the largest market share of global Cobots a market in 2016 owing to the presence of key market players in the region. Moreover, there has been a high level of adoption of automation solutions by American enterprises, thereby positively influencing the Cobots market growth in the region. 
global cobots market
Sample view of global cobots market share by geography

AMERICAS
Americas Cobots market is projected to grow from US$XXX million in 2016 to US$XXX million in 2021 at a CAGR of XX% during the forecast period. The market is further segmented as North America and South America, with the latter growing at a higher CAGR between 2016 and 2021. The presence of global key market players along with the early adoption of the technology by end-use industries in the region contributed to the dominance of the North American Cobots market. 
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Location: Knowledge Sourcing Intelligence LLP, Galbatross Technologies LLP, H-140, Sector 63 Rd, Noida, Uttar Pradesh 201301, India

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