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Automotive Robotics Market: Research Study for Forecast Period - ABB, Comau, FANUC America Corporation, KUKA Robotics, Omron Automation – Americas, Rockwell Automation, STAUBLI, Universal Robots A/S

11-28-2018 07:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Automotive Industry

Automotive Robotics Market

Automotive Robotics Market

Automotive Robotics Market size is projected to exceed USD 5.96 billion by 2024; according to a new research report by Global Market Insights, Inc. Parallel robots will witness over 4% CAGR by 2024. Micro-manufacturing automation is a key factor that will fuel the product demand over the forecast time frame. High speed, stiffness, and flexible fixturing are the benefits supporting the product demand.

Get Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/210

SCARA robots used in the automobile industry will cross over 33 thousand units by 2024. This can be credited to increasing usage in applications such as high-speed assembly and handling operations. Rising demand for reduced bottlenecks and optimized productivity will boost the product penetration.

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.

Automotive Robotics Market By Product

• Articulated
• Cartesian
• SCARA
• Parallel
• Cylindrical

Automotive Robotics Market By Application

• Welding
• Handling operations
• Robotic processing
• Robotic assembly
• Paint & dispense
• Others

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. ABB
2. Comau SpA
3. Denso Wave
4. Dürr AG
5. Fanuc Corporation
6. Harmonic Drive System
7. Kawasaki Heavy Industries
8. KUKA Robotics
9. Nachi-Fujikoshi Corp
10. Omron Corporation
11. Panasonic Welding Systems Co. Ltd.
12. Reis Gmbh & Co.
13. Rockwell Automation
14. Seiko Epson Corporation
15. Stäubli
16. Universal Robots
17. Yamaha Robotics
18. Yaskawa Electric Corporation

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/210

Software and services segment is projected to cross USD 1 billion in 2024. Improved software programming has enhanced the quality that will further propel the industry growth. Software loaded in the product will enable real time decision making in the production process supporting the industry growth rate.

Automotive robotic controllers are the most commonly used hardware with a CAGR of over 4% in the forecast period. High acceptance of robotic arms is required in areas, where repetitive tasks are performed. Easy installing, lightweight model, and space-saving ability are the features, accelerating the robotic arms industry growth.

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.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/automotive-robotics-market

Key power sports vehicle manufacturers include Kubota, Kymco, Kawasaki Motors, John Deere, Suzuki Motors, BRP, Can-Am, Arctic Cats, Harley Davidson, Yamaha Motors, Honda Motors and Polaris Industries.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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