Collaborative Robots Market Size Projected to Reach $7340.92 million by 2034 | 18.5%

According to Straits Research, the global collaborative robots market size was valued at $1,593.26 million in 2025 and is projected to grow from $1,888.01 million in 2026 to $7,340.92 million by 2034, registering a CAGR of 18.5% during the forecast period 2026–2034.

The global collaborative robots market is facing a golden era with rising adoption in the manufacturing and automotive sectors. With the advent of Industry 4.0, companies are striving to enhance productivity and boost resource utilization. Moreover, the industrial transformation has changed the caged and fixed working locations of robots to workstations, besides human employees.

Rapid changes in the automotive sector due to the evolving customer demands for a superior driving experience, low carbon emission, and others have encouraged automotive companies to adopt innovative technologies, such as cobots, for the production of high-quality products. Furthermore, the healthcare sector is also extensively deploying collaborative robots for enhanced patient centricity. The rising adoption of cobots across different sectors is catalyzing the growth of the collaborative robots market.

Market Highlights

Cobots with a payload of more than 10 kg are expected to record the fastest growth owing to their ability to handle heavy tasks that requires precision and accuracy. Moreover, they can heavy loads, which reduces the loading and unloading cycles.

• Assembling and disassembling applications are estimated to witness the highest growth in the coming years. In the case of small workpieces, collaborative robots offer more precision and accuracy when compared with conventional methods. Hence, it is highly preferred by manufacturers.
• The electronics sector is considered to emerge as a lucrative industry for the collaborative robots market as the sector requires cobots with low payloads for its applications. Low payload cobots are cost-efficient and is smaller in size. Furthermore, cobots also have an accuracy of 0.1mm and hence it is suitable for handling circuit boards.
• North America is intended as a region with huge growth potential for the collaborative robots market, attributed to the tremendous adoption of robotics and automation by countries such as the U.S and Canada. The region accounts for substantial labor costs and also lacks skilled workers. This also assists the growth of the market in the North American region.
• The major players in the global collaborative robots market are ABB (Switzerland), AUBO Robotics (U.S), Comau (Italy), Doosan Robotics (South Korea), F&P Robotics (Switzerland), FANUC (Japan), Franka Emika (Germany), KUKA (Germany), MABI Robotic (Switzerland), Precise Automation (U.S), Rethink Robotics (U.S), Stäubli (Switzerland)Techman Robot (Taiwan), Universal Robots (Denmark), and YASKAWA (Japan).

Market Segments

1. By Payload
   1. Less Than 5 kg
   2. 5–9 kg
   3. 10–20 kg
   4. More Than 20 kg
2. By End-user
   1. Electronics
   2. Automotive
   3. Manufacturing
   4. Food & Beverage
   5. Chemicals & Pharmaceutical
   6. Others
3. By Application
   1. Material Handling
   2. Pick & Place
   3. Assembly
   4. Palletizing & De-palletizing
   5. Others