Collaborative Robots Market Share Growth Report 2030

The market share of collaborative robots worldwide was predicted to be worth USD 1.9 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 35.2% to reach USD 11.8 billion by 2030.

The market for collaborative robots is expanding due to several factors, including the fact that cobots are easier to build, have a higher return on investment than typical industrial robotic systems, are in greater demand in the e-commerce and logistics industries, and offer considerable advantages to enterprises of all kinds.

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