Global Mobile Cobots End User Industry

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Driven by an Increase in Warehouse Automation and Low installation Costs, the Mobile Cobots Market is Forecasted to Reach Nearly US$ 3,000 Mn by 2028, says Ken Research Study

Mobile Cobots are lightweight and low-cost robots that can perform a variety of tasks with high precision and efficiency while providing a safe work environment. Tasks these Cobots can carry out include carrying materials and parts as well as performing assembling and disassembling across multiple major industry sectors like Automotive, Agriculture, Electrical & Electronics, and more.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Mobile Cobots Market Witnessed Notable Growth Driven by the Adoption of Cobots Solutions by Small and Medium Size Enterprises (SMEs) and Multiple Large End-User Industries like Healthcare and Retail

The global mobile cobots market witnessed steady growth from 2017 to 2021 despite the COVID-19 pandemic disrupting the supply chain and affecting transportation and logistics systems in many end-user industries like Automotive, Electrical & Electronics, and Metals & Machinery. According to Ken Research estimates, the Mobile Cobots Market – which grew from around ~US$ 500 Mn in 2017 to nearly ~US$ 1,000 Mn in 2022 – is expected to grow further into an almost ~US$3,000 Mn opportunity by 2028 at a CAGR of ~20% during the forecast period.2. The Low Installation Cost and Ability to Work with Humans Efficiently Are Major Drivers for The Mobile Cobots Market.

Mobile cobots are adopted by major industries for its lightweight, less installation cost, and ability to work with humans efficiently. The installation cost of cobots is nearly one-third of traditional industrial robots as traditional robots cost around USD 200,000 whereas cobot cost USD 50,000.

It is the primary reason why many Small and Medium Size Enterprises (SMEs) are adopting cobots rather than traditional industrial robots, as cobot’s Initial Cost is very low as well as they are able to provide the same level of efficiency and safety while occupying less working space in manufacturing units.

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3. The Preference for Traditional Industrial Robots over Mobile Cobots is one of the Biggest Challenges faced by the Mobile Cobots Market

Traditional Industrial Robots are often preferred over mobile cobots due to their high payload capacity which varies from 50 kg to 500 kg and are widely used in heavy end-user industries such as automotive, metal and machinery, and more.

Cobots are often used in small applications such as assembling & dissembling, picking & placing, and more. Hence, are not suitable for performing heavy applications. Due to which many big manufacturers select traditional robot over mobile cobot.

Industrial Robots Vs Cobots Market

Key Topics Covered in the Report

Snapshot of Mobile Cobots Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of Mobile Cobots Market
Historic Growth of Overall Mobile Cobots Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of Mobile Cobots Market Industry
Overview, Product offerings, and Strength & Weakness of Key Competitors
Covid 19 Impact on the Overall Mobile Cobots Market
Future Market Forecast and Growth Rates of the Total Mobile Cobots Market and by Segments
Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
Analysis of Mobile Cobots Market in Global Regions
Major Production/Supply and Consumption/Demand Hubs in the Region
Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within the Region