Automotive Robotics Market Overview:
According to the latest report by IMARC Group, titled “Automotive Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global automotive robotics market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global automotive robotics market size reached a value of US$ 8.69 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17.34 Billion by 2027, exhibiting a CAGR of 11.80% during 2022-2027.
Robotics is the interdisciplinary branch of science and engineering that accomplishes the designing, construction, operation, and utilization of robots. Automotive manufacturers generally utilize robots to perform complex tasks effectively. They make use of cartesian, SCARA, cylindrical, and articulated polar robots to help with various functions such as welding, painting, assembling and disassembling, molding, cutting, and milling. Automotive robotics is highly efficient, flexible, reliable, and accurate in nature, thereby improving the quality of the vehicles and enhancing the overall production capacity of the manufacturing plant. It is also known to optimize workflow, reduce the margin of error, and ensure the safety of the employees.
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Automotive Robotics Market Trends and Drivers:
The global automotive robotics market is primarily driven by the significant growth of the automotive sector.
Factors such as rapid urbanization and inflating disposable income levels are increasing the demand for different types of commercial as well as personal vehicles, which, in turn, is fueling the market growth. In addition, the reduction in labor costs is also facilitating the demand for automotive robotics.
Furthermore, the integration of Industry 4.0, the Internet of Things (IoT), cloud solutions, and autonomous intelligent vehicles (AIVs) for transferring components and materials from one place to another is also anticipated to propel the market growth in the upcoming years.
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Global Automotive Robotics Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ABB Ltd.
- Denso Wave Incorporated (DENSO Corporation)
- Dürr Aktiengesellschaft
- FANUC
- Harmonic Drive Systems Inc.
- Kawasaki Heavy Industries Ltd.
- KUKA Aktiengesellschaft (Midea Group)
- Nachi-Fujikoshi Corp.
- Omron Corporation
- Seiko Epson Corporation
- Yamaha Motor Co. Ltd.
- Yaskawa Electric Corporation
The report has segmented the market on the basis of region, product type, component type, application and end user.
Breakup by Product Type:
- Cartesian Robots
- SCARA Robots
- Articulated Robot
- Others
Breakup by Component Type:
- Controller
- Robotic Arm
- End Effector
- Drive and Sensors
Market Breakup by Application:
- Assembly
- Dispensing
- Material Handling
- Welding
- Others
Breakup by End User:
- Vehicle Manufacturers
- Automotive Component Manufacturers
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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