Key Findings
Europe collaborative robots market is predicted to grow over the forecast period of 2019-2027 by rising at a CAGR of 45.71% during the forecasting years. Collaborative robots play a vital role in the automotive sector. They help the human workforce in various assembly line operations.

Market Insights
The market is segmented on the basis of payload type, applications, end-user, and components. Factors like a high investment for R&D and intense government support for projects like “COLROBOT” and Industrial revolution 4.0 are significantly contributing to the market growth.

Collaborative robots market is also growing due to its ability to provide high investment returns as they are designed to work safely with humans and are of a most explosive trend in the robotics industry. The growing implementation of Cobots is predicted to revolutionize the production segment in the Europe automotive industry.

Competitive Insights
The European market is a hub for many big market companies like F&P Robotics AG, ABB Ltd., Rethink Robotics Inc., MRK-Systeme GmbH, Robert Bosch GmbH, Energid Technologies Corporation, Kawasaki Heavy Industries, Ltd., AUBO Robotics, Epson Robots, Fanuc Corporation, KUKA AG, Nachi Robotics Systems, Universal Robot A/S (Acquired By Teradyne Inc.), Pari Robotics (Precision Automation & Robotics India Ltd.), and Yaskawa Electric Corporation who are aiding the market growth.