Inside Logistics

Logistics uses of cobots expected to surpass automotive

Logistics will become the second most common use for cobots in the near future.


February 13, 2020
by

Logistics applications are expected to outpace automotive industry uses and become the second most common use for cobots in the near future.

According to a recent report by Interact Analysis, in 2018 global collaborative robot revenues totalled US$566.9 million, a number that is expected to reach $5.6 billion by 2027, accounting for 30.2 percent of the total robot market.

Material handling, assembly, and pick-and-place are forecast to remain the three biggest uses of collaborative robots. These three functions, which accounted for 75 percent of collaborative robot revenues in 2018, will hold a 68.4 percent share in 2023.

In the next five years, the fastest-growing regions for cobot shipments are China, North America, the rest of APAC and then Eastern Europe. All are forecast to grow at a compound annual growth rate (CAGR) of more than over 30 percent.

In 2018, 51.6 of revenues were generated by the two largest manufacturers – Universal Robots and TechMan Robot. More than 80 percent of collaborative robot suppliers generated less than $10 million in revenues in 2017 and 2018.