Collaborative Robots Market Share, Growth Rate And Opportunities Report 2023-2032 - By The Business Research Company
LONDON, July 20, 2023 /PRNewswire/ -- As per The Business Research Company's Collaborative Robots Global Market Report 2023, the global collaborative robots market size is expected to grow from $1.9 billion in 2022 to $2.5 billion in 2023 at a compound annual growth rate (CAGR) of more than 29%. The global collaborative robots market size is then expected to reach $7.1 billion in 2027 at a CAGR of more than 28%. Going forward, growth in the automotive industry, rise in e-commerce and logistics and rising urbanization will drive the collaborative robots market growth.
- LONDON, July 20, 2023 /PRNewswire/ -- As per The Business Research Company's Collaborative Robots Global Market Report 2023, the global collaborative robots market size is expected to grow from $1.9 billion in 2022 to $2.5 billion in 2023 at a compound annual growth rate (CAGR) of more than 29%.
- The global collaborative robots market size is then expected to reach $7.1 billion in 2027 at a CAGR of more than 28%.
- Going forward, growth in the automotive industry, rise in e-commerce and logistics and rising urbanization will drive the collaborative robots market growth.
- According to collaborative robots market analysis , the top opportunities in the collaborative robots market segmented by component will arise in the hardware segment, which will gain $3.5 billion of global annual sales by 2027.