In context
In mid-2025, the industrial automation sector was recalibrating after pandemic-era disruptions, with collaborative robots emerging as a flexible solution for manufacturers seeking resilient production lines. This market forecast captured the sector's growth trajectory as companies increasingly adopted automation to address labor challenges and supply chain volatility.
What was reported
According to a QY Research report, the global collaborative robot (cobot) sales market was valued at $1,020 million in 2024 and is projected to reach $2,199 million by 2031, reflecting a compound annual growth rate (CAGR) of 11.8% over the 2025-2031 period.
The report provides an in-depth analysis of industry dynamics, including emerging trends, growth opportunities, regulatory frameworks, market entry strategies, pricing models, and technological advancements. It also includes year-on-year growth metrics to support forecasting and decision-making.
Key players mentioned in the report include Aubo (Beijing) Robotics, with other major cobot manufacturers likely covered in the full study. The analysis also examines the impact of the COVID-19 pandemic on manufacturing activities, supply chains, and distribution networks, along with strategies companies are adopting to mitigate these effects and capitalize on post-pandemic opportunities.
Why it mattered
The forecast underscored the accelerating adoption of collaborative robots in industrial settings, signaling a shift toward more flexible, human-safe automation solutions. For manufacturers, the data pointed to a maturing market with clear growth potential, informing investment decisions and strategic planning in automation.
"The global Collaborative Robot (Cobot) Sales Market, valued at $1,020 million in 2024, is projected to reach $2,199 million by 2031, growing at a compound annual growth rate of 11.8 percent during the forecast period of 2025-2031."
Source: Robotics & Automation News (roboticsandautomationnews.com) · Published 2025-07-04 · “Global collaborative robot market forecast to grow 12 percent a year to 2031”