Automotive Robotics Market size was valued at USD 8.44 Billion in 2021, registering a CAGR of 12.6% during the forecast period (2022-2030), and the market is projected to be worth USD 24.56 Billion by 2030.
Automotive robotics refers to computer-programmed technical solutions that are widely used by manufacturers to complete difficult jobs. These robots provide flexibility, increased efficiency, and accuracy to boost production capacity, optimizing workflow by decreasing the danger of errors via ensuring employee safety. Such characteristics of automotive robotics are highly utilized especially in automobile assembly facilities to perform multiple tasks such as painting, spot welding, trimming, plastic molding, cutting fabric, and elimination of unwanted components.
Automotive Robotics Market Research Report” was just released by Market Research Community. It is divided into several categories, including by Product Type (Articulated Robots, Cartesian Robots, Cylindrical Robots, SCARA Robots, Others), By Component (Controller, Robotics Arm, End Effector, Drive, Sensor), By Application (Primary Manufacturing Process Robots (Welding, Painting, Cutting), Secondary Manufacturing Process, Robots (Material Handling, Palletizing, Packaging, Assembly/Disassembly) and companies (Omron Corporation, Seiko Epson Corporation, Yamaha Motor Co. Ltd. and Yaskawa Electric Corporation., 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), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 12.6%, over the forecast period of 2022–2030
The surging improvements by end-user industries to ensure accuracy, safety, and productivity on the production line especially in the automotive sector largely contribute to the growth of this sector. Moreover, the rising numbers of job hazards especially in metal processing units of manufacturing facilities accelerate the need for automotive robots.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||24.56 Billion|
|by Product Type||(Articulated Robots, Cartesian Robots, Cylindrical Robots, SCARA Robots, Others|
|By Component||Controller, Robotics Arm, End Effector, Drive, Sensor|
|By Application||Primary Manufacturing Process Robots, Secondary Manufacturing Process Robots.|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Omron Corporation, Seiko Epson Corporation, Yamaha Motor Co. Ltd. and Yaskawa Electric Corporation., 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.|
The COVID-19 pandemic has had a substantial negative influence on the Automotive Robotics market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Omron Corporation, Seiko Epson Corporation, Yamaha Motor Co. Ltd. and Yaskawa Electric Corporation., 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.
Market Segment Analysis:
By Product Type
- Articulated Robots
- Cartesian Robots
- Cylindrical Robots
- SCARA Robots
- Robotics Arm
- End Effector
Primary Manufacturing Process Robots
Secondary Manufacturing Process Robots
- Material Handling, Palletizing & Packaging
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Automotive Robotics industries in the region.
Key Automotive Robotics Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Automotive Robotics Market segments.
– Largest Market Share Held by Industry to Industry for Automotive Robotics
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Automotive Robotics Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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