DUBLIN, August 04, 2021--(BUSINESS WIRE)--The "North America Collaborative Robots Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The North America Collaborative Robots Market is expected to reach a CAGR of 19.22% during the forecast period 2021 - 2026
The COVID-19 outbreak and the lockdown restriction imposed in North America have affected capital investments and industrial activities across the region.
Following the global economic recession led by COVID-19, the collaborative robot market in North America also has witnessed a mixed impact in Q1 2020. Most enterprises operating in the end-user industries (majorly manufacturing, automotive) had shuttered down their production sites due to lockdown restrictions.
As the region is continuously fighting the rapid spread of the COVID-19 pandemic, robotics and automation play a crucial role in safeguarding the people and processing the supplies that people need as they are shifting toward remote working and home learning. Automation is considered to be on the front lines in the battle against the pandemic. The robots are helping in disinfecting the hospitals. Autonomous deliveries from the robots are bringing supplies to people as they are adopting social distancing. Moreover, automated workstations are speeding up the work of pharmaceutical companies.
Moreover, Canada is witnessing the significant deployment of collaborative robots in its industrial sector, especially in the automotive sector. For instance, collaborative robots are being employed by global companies, such as Magna International Inc. and Linamar Corp., where they perform tasks, such as visual inspection of parts or picking out components on an assembly line, tasks that might be boring to humans but until now were far too complex for machines.
Furthermore, Universal Robots conducted America's largest virtual collaborative robot expo and conference in July 2020. The company said that it is witnessing an uptick in the interest for collaborative robots by multiple clients, owing to the social distancing requirements, reshoring to avoid long supply chains and the need for rapid production line change-overs, thus showcasing how these collaborative robots can play a crucial role in helping manufacturers successfully navigate through the COVID-19 pandemic.
Moreover, in January 2020, FANUC America, one of the prominent suppliers of robotics, CNCs, Robomachines, and Industrial IoT solutions, demonstrated the new DR-3iB food-grade delta robot and the M-410iC/110 palletizing robot at the International Production and Processing Expo (IPPE) held in January 2020.
The company's new DR-3iB/8L food-grade delta robot primarily uses 2D iRVision and iRPickTool line tracking software to pick randomly oriented packages of chicken from a continuous infeed conveyor. The robot is also equipped with a multi-pick gripper that can pick up three packages and place them into a box on a fixed outfeed station to simulate case packing.
The collaborative robotics market is fragmented and comprises several companies vying for attention in a fairly contested market space. Further, companies' strategic decisions, such as new product launches, investments, and collaborations, are expected to change the competitive landscape.
For instance, in April 2020, Omron Automation Americas released the new TM Series Collaborative Robot. The probability of new players entering the market is moderately high during the forecast period, further intensifying the market competition. Due to all the factors mentioned above, the intensity of competitive rivalry is rated high, and it is expected to remain the same during the forecast period
Key Topics Covered:
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness -Porter's Five Forces Analysis
4.3 Industry Value Chain Analysis
4.4 Impact of COVID-19 on the Market
4.5 Market Drivers
4.5.1 High Return on Investment and Advancements in Edge Computing Leading to Easier Implementation
4.5.2 Increasing Demand for Automation in Various Industrial Processes
4.6 Market Challenges
5 MARKET SEGMENTATION
5.1 By Payload
5.1.1 Less than 5 kg
5.1.2 5-9 kg
5.1.3 10 kg and Above
5.2 By End-user Industry
5.2.1 Electronics/Semiconductor & FPD
5.2.3 Other End-user Industries
5.3 By Application
5.3.1 Material Handling
5.3.2 Pick and Place
5.3.4 Other Applications (Palletizing/De-palletizing, Welding, Painting, Sorting, Positioning, etc.)
6 VENDOR RANKING ANALYSIS
7 COMPETITIVE INTELLIGENCE
7.1 Company Profiles
7.1.1 Universal Robots AS
7.1.2 Fanuc Corp.
7.1.3 TechManRobot Inc.
7.1.4 Rethink Robotics GmbH
7.1.5 AUBO Robotics USA
7.1.6 ABB Ltd
7.1.7 Kawasaki Heavy Industries Ltd
7.1.8 Precise Automation Inc.
7.1.9 SiasunRobot & Automation Co. Ltd
7.1.10 StaubliInternational AG
7.1.11 OMRON Corporation
7.1.12 Epson Robots (Seiko Epson)
7.1.13 Festo Group
7.1.14 KUKA AG
8 INVESTMENT ANALYSIS
9 FUTURE OF THE COLLABORATIVE ROBOT MARKET
For more information about this report visit https://www.researchandmarkets.com/r/okngzw
View source version on businesswire.com: https://www.businesswire.com/news/home/20210804005674/en/
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