Few Diverse Global Players Dominate the Market despite the Presence of about ~250 Competitors Comprising a Number of Country-Niche Players and Some Regional Players, Finds a Recent Market Study on Mobile Cobots Market by Ken Research
Mobile Cobots are portable, low-cost robots that can complete a range of activities quickly and effectively while ensuring a secure working environment. The mobile cobots are used for material handling, assembling, and disassembling tasks in a variety of significant industries such as automotive, agriculture, electrical & electronics, and more.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study
Country-Niche Players Constitute ~55% of the Total Number of Competitors, While Regional Companies Represent ~40% of Total Competitors.
A comprehensive competitive analysis conducted during the Research Study found that the Mobile Cobots market is highly competitive with ~250 players, which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in Mobile Cobots. The country-niche players constitute a ~55% share of the total competitors by type. Most of the country-niche players are suppliers of components and low-payload cobots. Players who successfully develop new application-based solutions are usually acquired by global enterprises looking for expansion and diversification in that country.
Leading Specialist Global Players’ Ongoing Efforts to Provide Automation Solutions To a Variety of Industries are Driving their Revenue Growth from this Market
Detailed comparative analysis of key competitors available within the Research Study shows that specialist players, such as ABB, Fanuc, Kawasaki, Mitsubishi, Kuka, and Universal Robots, are highly focused on providing cobots for various applications across different end-user industries such as automotive, electrical and electronics, plastic and chemicals, food and beverages, retail and logistics and more.
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New advancements and high investment in R&D, especially in initiatives related to AI, IoT, and Machine Learning, by some companies are creating new opportunities for mobile cobots in the market.
- According to International federation of robotics (IFR), the Cobots are showing a steady rise in sales from the year 2017 to 2020 with around 11,000 annual installations in 2017 to 18000 in 2018 and 22000 in 2020. These Cobots are being used to accomplish a variety of tasks, including material handling, picking & placing, assembling, and more.
- Numerous key competitors are designing more advanced cobots that offer high precision and payload capabilities within a safe work environment. For instance, Comau offers the safest collaborative robots with the ability to change speed whenever a human comes into its work environment.
Increased Government Initiatives and Policies to Support the Mobile Cobots Market
- Government Initiatives like ‘Make in India’ has helped many MSMEs to expand at the regional level. Such SMEs adopt mobile cobots due to their low cost and ability to work with humans easily.
- Mobile cobots are reprogrammable lightweight robots that are designed to work with individuals rather than replace them. It is the main reason why many end-users feel confident about encouraging its usage.
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
Notable Key Players Mentioned in the Report
- ABB
- FANUC CORPORATION
- Yaskawa Electric Corporation.
- Kuka AG
- Universal Robots
- Kawasaki Heavy Industries, Ltd
- Omron Corporation
- Siasun
- Denso
- Mitsubishi Electric Corporation
- Comau
- AUBO Robotics
Notable Emerging Companies Mentioned in the Report
- Jaka
- Sastra Robotics Pvt Ltd
- Asimov Robotics
- Techman Robot
- Ken Robotech
- Asage Robotics
- Neura Robotics
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Mobile Cobots/Collaborative Robot Manufacturers
- Mobile Cobots Component Assemblers
- Mobile Cobots Component Suppliers
- Raw Material Suppliers for Mobile Cobots
- Potential Investors in Mobile Cobots Companies
- Value Added Resellers of Robotic Equipment
- Industrial OEMs of Mobile Cobots
- Robotics Industry Associations
- Robotics Research Groups
- Government Ministries and Departments of Electronics Industry
- Government Ministries and Departments of Engineering Industry
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
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For more information on the research report, refer to the below link:
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