Key Findings
North America collaborative robots market is all set to grow at a CAGR of approximately 37.67% over the forecast period of 2019-2027. North America collaborative robots market continues to escalate in terms of revenue and is expected to reach up to $XX million by 2027.

Market Insights
The key factor driving the market growth is the increased efficiency due to the deployment of Cobots. This feature may help in reducing the human idle time by nearly XX%. However, care must be taken with respect to the deployment of Cobots as the need to adhere with the strict rules and regulations by industrial operations as well as a dearth of skilled professionals might hamper the market expansion in the coming years.

The U.S and Canada are the major geographies analyzed for this market. The United States has been a dominating region (also the fastest growing), owing to the rising adoption of collaborative robots in its automobile sector.

COMPETITIVE INSIGHTS
Epson Robots, Fanuc Corporation, Yaskawa Electric Corporation, Energid Technologies Corporation, F&P Robotics AG, Rethink Robotics Inc., Kawasaki Heavy Industries, Ltd., AUBO Robotics, KUKA AG, ABB Ltd., Robert Bosch GmbH, MRK-Systeme GmbH, Universal Robot A/S (Acquired By Teradyne Inc.), Pari Robotics (Precision Automation & Robotics India Ltd.), and Nachi Robotics Systems are some of the prominent players in this market.