![Global Collaborative Robot Market](https://res.cloudinary.com/devmoveo/image/upload/v1714731421/skyquest/gallery/Global-Collaborative-Robot-Market.jpg)
Report ID: SQMIG25A2297
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Report ID:
SQMIG25A2297 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|
Tables:
132 |
Figures:
77
The Asia Pacific region is expected to emerge as the fastest-expanding market for collaborative robot companies in the world. Presence of a massive manufacturing industry and growing adoption of automation set the tone for collaborative robots market growth in this region. Expertise and advancements in robotics in countries such as China and Japan are also helping this region boost global collaborative robot demand outlook. The shrinking worker population and surging labor costs are also playing a vital role in boosting collaborative robot adoption in the Asia Pacific region.
Europe is projected to emerge as the leader in the global collaborative robots market landscape over the coming years. Proactive adoption of Industry 4.0 trends and government support to promote automation are key factors that help this region account for a dominant stance. Germany is estimated to be the most opportune market for collaborative robot providers owing to the presence of a very active automotive manufacturing industry. Moreover, the growing establishment of smart factories in this region will also help this region’s dominance going forward.
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Report ID: SQMIG25A2297