Press release
Global Automotive Robotics Market Growth Analysis By Top Leading Players like ABB, Denso Wave, Dürr AG, Fanuc Corporation, Kawasaki Heavy Industries, KUKA Robotics, Omron Corporation, Rockwell Automation, Seiko Epson Corporation, Universal Robots & more
Growth in automobile industry is creating positive impact over the implementation of advanced products to meet the customer demand. Improved focus of vendors on automation solutions to eliminate risk factors arising from labor will spur the demand for automotive robotics. Additionally, extensive usage of robotics will lead to reduction of labor costs and thereby increase OEMs profitability.
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Automotive Robotics Market size is projected to exceed USD 5.96 billion by 2024; according to a new research report.
Necessity for better productivity and proper functioning of assembly lines in vehicle production has enhanced industry growth. Increasing technological advancements in raw materials used for robot making will escalate the product demand.
Increasing demand from applications such as welding, robotic processing, painting & dispense, and handling operations will augment the industry growth rate. Further, benefits offered including light weight, easy deployment, durable and space saving is predicted to increase the product penetration.
Technical support will facilitate the product as an alternative for skilled labors. Growth in R&D activities will support the industry growth. It has unlocked multiple avenues for automakers to offer its customers with increased versatility, flexibility, and reliability.
Handling operations dominated the automotive robotics market share in 2016 owing to lifting tasks meeting several demands of the automakers. Safety regulations for these advanced products has resulted in employee?s well-being coupled with minimized associated injuries.
In 2016, APAC automotive robotics industry was approximately USD 2.0 billion. The region is attributed to have highest overall industry share owing to product?s motion control technology. Further, the region has substantial number of vehicle manufacturing facilities contributing to the automotive industry growth. Europe is estimated to have 3.5% CAGR from 2017 to 2024.
Global industry consists of several players and the key players are ABB, KUKA, Fanuc, and Yamaha acquiring significant market share in 2016. Other notable players include Omron Corporation, Kawasaki Heavy Industries, Rockwell Automation, Staubli, and Universal Robots.
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Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Automotive robotics Industry Insights
Chapter 4. Automotive robotics Market, By Product
Chapter 5. Automotive Robotics Market, By Component
Chapter 6. Automotive Robotics Market, By Application
Chapter 7. Automotive Robotics Market, By Region
Chapter 8. Company Profiles
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