The latest research study “Automotive Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global automotive robotics market 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.
Automotive robotics is a computer-programmed engineering solution widely used by manufacturers to carry out complex tasks efficiently. Its commonly available variants include cartesian, articulated polar, and cylindrical robots. It provides flexibility, higher efficacy, reliability, and accuracy, which assist businesses in enhancing quality and production capacity, streamlining workflow, reducing the risk of errors, and providing safety to workers. As a result, automotive robotics finds extensive applications in vehicle assembly facilities for performing various functions, including painting, cutting fabric, spot welding, trimming plastic molding, and removing unwarranted materials.
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Automotive Robotics Market Trends and Drivers:
The global automotive robotics market is primarily driven by the escalating demand for industrial robots to simplify complex production processes. Moreover, the rising concerns about employee safety due to the increasing number of accidents, manual errors, and injuries caused by working under hazardous automotive manufacturing conditions are positively influencing the market growth.
Additionally, numerous technological advancements, such as the integration of cloud solutions, autonomous intelligent vehicles (AIVs), and the Internet of Things (IoT) for safely transporting components and materials from one place to another, are providing a positive thrust to market growth. Besides this, several favorable initiatives taken by governments of numerous countries to promote advanced gadgets and equipment to meet safety standards while ensuring worker security have catalyzed the market growth.
Other factors, including the rising automobile production owing to inflating consumer disposable incomes, ongoing research and development (R&D) activities, and rapid expansion in the automotive industry, are also anticipated to drive the market further.
Global Automotive Robotics Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Automotive Robotics Companies:
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. and 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
Breakup by Component Type:
- Robotic Arm
- End Effector
- Drive and Sensors
Breakup by Application:
- Material Handling
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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