Market Forecast By Payload (Up to 5 Kg, 5-10 Kg, Above 10 Kg), By Application (Handling, Processing), By Industry (Automotive, Electronics, Healthcare, Furniture & Equipment) And Competitive Landscape
Product Code: ETC4580185 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The collaborative robot market import shipment for India exhibited a robust growth trend from 2020 to 2024, with a notable CAGR of 21.5%. Although the growth rate slightly decreased between 2023 and 2024 to 15.6%, indicating a potential stabilization, the market overall continued to expand steadily during the period.
Report Name | India Collaborative Robot Market |
Forecast period | 2025-2031 |
CAGR | 8.6% |
Growing Sector | Automotive Sector |
The India Collaborative Robot Market Report thoroughly covers the market by payload, application and industry. The India Collaborative Robot Market Outlook report provides an unbiased and detailed analysis of the ongoing India Collaborative Robot Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India Collaborative Robot Market is poised for significant growth in the coming years. The need for automation, the rise in demand for customized products, and the growth of the e-commerce industry are the factors driving the market.
According to 6Wresearch, the India Collaborative Robot Market size is estimated to expand at a CAGR of 8.6% during 2025-2031. The India Collaborative Robot Market is driven by the need for automation in the manufacturing industry. Collaborative robots can perform repetitive tasks quickly, efficiently, and accurately, which leads to increased productivity and reduced labor costs. The rise in demand for customized products is another driver of the market as collaborative robots can assist in the production of such products. Additionally, the growth of the e-commerce industry has increased the demand for faster order fulfillment, and collaborative robots can assist in achieving this. These factors have been fueling the India Collaborative Robot Market growth.
The high initial cost of collaborative robots is a significant challenge for small and medium-sized enterprises (SMEs) in India. Collaborative robots require maintenance, training, and programming, which can add to the overall cost. Another challenge is the lack of awareness and understanding of collaborative robots in India. Many companies are still in the early stages of exploring the benefits of automation, and collaborative robots are a new concept for them. This lack of understanding can result in companies being hesitant to invest in this technology and not receiving the benefits it could provide.
Several key players are involved in the India Collaborative Robot Market. Universal Robots, ABB Ltd., Robert Bosch GmbH, Kuka Robotics, and Rethink Robotics are some of the significant players in the Indian market. Universal Robots is a popular collaborative robot company, and they have recently announced plans to double their sales in the Indian market.
To promote the use of automation and collaborative robots, the Indian government has launched several initiatives. Make in India is one such initiative that aims to promote India as a global manufacturing hub. Additionally, the government has launched the Skill India campaign to upskill and reskill the Indian workforce to meet the demands of the future workforce, which includes automated technologies.
The collaborative robot market in India is growing at an impressive rate, and the future looks even more promising. The adoption of automation in various industries, the rise of smart factories, and the need for safer and more efficient manufacturing processes are among the drivers of this growth. With the adoption of robots in new industries and the investment of major players in the market, we are sure to see a significant impact on the economy in the years to come. The future of the collaborative robot market in India is exciting, indeed!
According to Kapil, Senior Research Analyst, 6Wreserach, the up to 5kg payload segment is currently the most popular. These robots are incredibly useful for small task automation, such as pick-and-place tasks that require precision and speed.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Collaborative Robot Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Collaborative Robot Market Revenues & Volume, 2021 & 2031F |
3.3 India Collaborative Robot Market - Industry Life Cycle |
3.4 India Collaborative Robot Market - Porter's Five Forces |
3.5 India Collaborative Robot Market Revenues & Volume Share, By Payload, 2021 & 2031F |
3.6 India Collaborative Robot Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Collaborative Robot Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 India Collaborative Robot Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of automation in various industries in India |
4.2.2 Growing demand for collaborative robots due to their flexibility and ease of use |
4.2.3 Emphasis on enhancing productivity and efficiency in manufacturing processes |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing collaborative robot solutions |
4.3.2 Lack of awareness and understanding about the benefits of collaborative robots among Indian businesses |
4.3.3 Concerns about job displacement and resistance from labor unions |
5 India Collaborative Robot Market Trends |
6 India Collaborative Robot Market, By Types |
6.1 India Collaborative Robot Market, By Payload |
6.1.1 Overview and Analysis |
6.1.2 India Collaborative Robot Market Revenues & Volume, By Payload, 2021 - 2031F |
6.1.3 India Collaborative Robot Market Revenues & Volume, By Up to 5 Kg, 2021 - 2031F |
6.1.4 India Collaborative Robot Market Revenues & Volume, By 5-10 Kg, 2021 - 2031F |
6.1.5 India Collaborative Robot Market Revenues & Volume, By Above 10 Kg, 2021 - 2031F |
6.2 India Collaborative Robot Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Collaborative Robot Market Revenues & Volume, By Handling, 2021 - 2031F |
6.2.3 India Collaborative Robot Market Revenues & Volume, By Processing, 2021 - 2031F |
6.3 India Collaborative Robot Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 India Collaborative Robot Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.3.3 India Collaborative Robot Market Revenues & Volume, By Electronics, 2021 - 2031F |
6.3.4 India Collaborative Robot Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.3.5 India Collaborative Robot Market Revenues & Volume, By Furniture & Equipment, 2021 - 2031F |
7 India Collaborative Robot Market Import-Export Trade Statistics |
7.1 India Collaborative Robot Market Export to Major Countries |
7.2 India Collaborative Robot Market Imports from Major Countries |
8 India Collaborative Robot Market Key Performance Indicators |
8.1 Percentage increase in the number of industries adopting collaborative robots |
8.2 Growth in the number of collaborative robot manufacturers entering the Indian market |
8.3 Increase in the number of training programs and workshops focused on collaborative robot technology |
9 India Collaborative Robot Market - Opportunity Assessment |
9.1 India Collaborative Robot Market Opportunity Assessment, By Payload, 2021 & 2031F |
9.2 India Collaborative Robot Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Collaborative Robot Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 India Collaborative Robot Market - Competitive Landscape |
10.1 India Collaborative Robot Market Revenue Share, By Companies, 2024 |
10.2 India Collaborative Robot Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |