According to Goldstein Research, global collaborative robots market is expected to reach USD 6.84 billion by 2024from USD 0.79 billion in 2016, growing at a CAGR of 44.72% over the forecast period 2016-2024.Rising investment in industrial automation and higher return is driving the demand for collaborative robots globally. Global collaborative robots market segmentation has been carried out on the basis ofpay load capacity type, application type and end-user type. Collaborative robots with pay load capacity above 10kg are projected to witness noteworthy growth, owing to its high efficiency in pick and place application. Global collaborative robots market is dominated by Europe, followed by North America and Asia-Pacific. Growing implementation of collaborative robots in material handling & packaging, quality testing, welding and others is increasing the annual shipments of industrial collaborative robots in Europe. Germany occupied the largest share of Europe collaborative robots ...