Automotive Robotics Market is Poised to Unveil a Compound Annual Growth Rate (CAGR) Of 10.69% Over the Projected Timeline Spanning From 2023 To 2032
Research Reports
Aug 30, 2023
The global automotive robotics market is poised to unveil a Compound Annual Growth Rate (CAGR) of 10.69% over the projected timeline spanning from 2023 to 2032. The paramount catalyst propelling this trajectory is the mounting preoccupation with labor security, constituting the pivotal impetus steering the course of the global automotive robotics arena in 2020. The constellation of other imperative drivers encompass meeting market imperatives within stipulated temporal thresholds and embracing the vanguard of automated technologies to ensure the imprimatur of manufacturing excellence.
Moreover, the integration of automotive robotics into the manufacturing echelons engenders a myriad of dividends, encompassing not only economization of operational expenditure and temporal resources but also the elevation of workmanship quality and operational adaptability. This, in turn, curbs superfluous depletion of raw materials, assuages ecological detriments, and ameliorates the specter of manufacturing anomalies.
The unforeseen eruption of the novel coronavirus pandemic has wrought a seismic paradigm shift in the dynamics of the market scape. Multifarious regions bear the brunt of this pandemic’s impact. Subsequently, our forthcoming report will delve into an insightful exposition of the reverberations induced by the COVID-19 crisis within this milieu.
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Key players in the automotive robotics market include:
- Nachi-Fujikoshi Corp.
- Comau SpA
- ABB Group
- Denso Wave Incorporated
- Fanuc Corporation
- Dürr AG
- Harmonic Drive System
- Kawasaki Heavy Industries (Kawasaki Robotics)
- KUKA AG
- Nabtesco Motion Control, Inc.
Regional Analysis
The geographical analysis of North America, Asia-Pacific, Europe, and the Rest of the World (RoW) has been conducted. As per the analysis, North America dominates the global automotive robotics market. There has been a sudden surge in the demand and adoption of robotics technology. The U.S. and Canada play a significant role in expanding the market. On the other hand, the European market is likely to exhibit a significant expansion due to the presence of established key players in the region. The dominant player in the European market is Germany, France, Sweden, Italy, and the U.K.
The APAC region is estimated to experience considerable expansion due to the growing automotive industries and rapid industrialization. India and China play an essential role in the regional market expansion due to their fast pace of development and willingness to adopt the latest technologies. Besides India and China, Japan also plays an important role and participates actively in market expansion. In RoW nations, the most significant markets are Saudi Arabia, Brazil, and followed by other countries.
Market Segmentation
The global auto robots industry can be segregated on the basis of product type, application, type, and region.
On the basis of product type, the global automotive robots market can be classified into an articulated robot, SCARA robot, and Cartesian robot.
On the basis of application, the global automotive robots market can be classified into stamping, gripping, welding, painting, assembly, and others.
On the basis of type, the global automotive robots market can be classified into service, hardware, and software.
On the basis of region, the global automotive robots market can be classified into North America, Asia-Pacific, Europe, and the Rest of the World (RoW).
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Industry Updates
May 2020
UPS, an American company, has unveiled new warehouse network technology to make distribution centers. It uses autonomous mobile robots from Locus Robotics. UPS says the new Warehouse Execution System (WES) will allow faster order intake and fulfillment to assure that customers receive products within the time limit.
Geek+ Robotics has launched a pair of disinfection robots in the wake of Coronavirus pandemic. The company says the new robots are designed to help keep facilities free of germs and viruses, which may affect health. The robots operate automatically and avoid obstacles unmanned. They are designed to work 24/7 in all types of transportation stations, warehouses, offices, schools, stores, and hospitals.
Automotive Robotics Market Segmentation:
Automotive Robotics Market By Product Type Outlook
- SCARA Robot
- Articulated Robot
- Cartesian Robot
Automotive Robotics Market By Type Outlook
- Hardware
- Software
- Service
Automotive Robotics Market By Application Outlook
- Gripping
- Stamping
- Welding
- Painting
- Assembly
- others
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