At 26.9% CAGR, the North America Collaborative Robots Market is projected to be worth US$ 909.64 million by 2030, says Business Market Insights

According to Business Market Insights research, the North America collaborative robots market was valued at US$ 134.90 million in 2022 and is expected to reach US$ 909.64 million by 2030, registering a CAGR of 26.9% from 2022 to 2030. Government support for the development and deployment of robotics is among the critical factors attributed to the North America collaborative robots market expansion.        

The Federal government's National Robotics Initiative (NRI)-2.0 program expands on the original NRI program by funding fundamental research in the US that will hasten the development and application of collaborative robots (co-robots) that work alongside or cooperatively with people. The NRI-2.0 program has ubiquity as its primary goal, which in this context refers to the seamless integration of co-robots to support humans in all facets of life. The National Science Foundation,  the US Department of Energy, the US Department of Agriculture, the National Aeronautics and Space Administration, and the US Department of Defense are among the federal agencies that support the NRI-2.0 program.

On the contrary, relatively slow production rate hampers the North America collaborative robot’s market.  

Based on payload, the North America collaborative robots market is segmented into up to 5 kgs, 5-10 kgs, and above 10 kgs. The above 10 Kgs segment held 57.6% share of North America collaborative robots market in 2022, amassing US$ 77.71 million. It is projected to garner US$ 481.74 million by 2030 to expand at 25.6% CAGR during 2022–2030. 

In terms of application, the North America collaborative robots market is segmented into assembly, material handling, pick & place, quality testing, packaging, machine tending, welding, and others. The assembly segment held 22.0% share of North America collaborative robots market in 2022, amassing US$ 29.72 million. It is projected to garner US$ 176.21 million by 2030 to expand at 24.9% CAGR during 2022–2030.

Based on type, the North America collaborative robots market is segmented into robotic arm, grippers, welding guns, and others. The robotic arm segment held 58.4% share of North America collaborative robots market in 2022, amassing US$ 78.72 million. It is projected to garner US$ 556.71 million by 2030 to expand at 27.7% CAGR during 2022–2030.

In terms of end user industry, the North America collaborative robots market is automotive, metal & machinery, electronics, pharmaceuticals, food & beverages, logistics, and others. The automotive segment held 58.1% share of North America Collaborative Robots Market in 2022, amassing US$ 78.37 million. It is projected to garner US$ 518.23 million by 2030 to expand at 26.6% CAGR during 2022–2030. 

By country, the North America collaborative robots market has been categorized into the US, and Canada and Mexico. Our regional analysis states that the US captured 68.7% share of North America collaborative robots market in 2022. It was assessed at US$ 92.71 million in 2022 and is likely to hit US$ 666.73 million by 2030, exhibiting a CAGR of 28.0% during the 2022-2030.      

Key players operating the North America collaborative robots market are Kuka AG, Yaskawa America Inc, Aubo (Beijing) Robotics Technology Co Ltd, Doosan Robotics Inc, Fanuc Corp, ABB Ltd, Universal Robots AS and Kawasaki Heavy Industries Ltd, among others.  

• In Mar-2022, KUKA Assembly & Test GmbH and Wiksfors Technology AB announced a strategic alliance to work together in the modular home construction sector. Its goal is to make it easier for the "next generation factories" that will build off-site and assemble very large quantities of housing. The partnership is built on a non-exclusive cooperation between KUKA and Wiksfors to acquire and carry out projects for the construction sector together.
• In Jan-2022, Ford Otosan in Turkey and KUKA announced the signing of a new framework agreement for the provision of more than 700 robots for Ford's Kocaeli facilities' next-generation connected and electrical commercial vehicle projects. The contract marks a continuation of the companies’ partnership which has been in place for more than 20 years.