openPR Logo
Press release

What will be the future for Automotive Robotics Market? Top Players are ABB, KUKA, Rockwell Automation, STAUBLI, Universal Robots A/S

03-09-2020 08:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Automotive Robotics Market

Automotive Robotics Market

Growing utilization of automated machines for production and assembly of automotive parts is estimated to drive global automotive robotics market. Automotive robotics industry is growing steadily on the back of expanding automotive industry. Rise in disposable income, especially in the developing countries have significantly raised the demand for passenger, as well as commercial vehicles, which is inducing massive demand for raising automotive production. In addition, increasing demand for premium cars, which require sophisticated production methods is further fueling automotive robotics market trends.

By 2024, need for SCARA robots in the automobile market is estimated to cross 33 thousand units. This growing demand can be attributed to increasing applications in handling operations and high-speed assembly. Improved quality sensors used in SCARA robots result in low energy consumption and enhanced product handling. Escalating need to reduce bottlenecks and achieve optimum productivity is likely to boost automotive robotics market share.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/210

Automotive robots are predominantly used in welding, painting & dispensing, and handling operations. Benefits offered easy deployment, light weight, durability & space saving will fuel product penetration. In addition, rise in technological advancements in raw materials used for robot making is likely to increase product demand. Automotive robotics market size is likely to cross USD 5.96 billion mark by 2024.

Parallel robots have gained relevance in micro-manufacturing automation on account of stiffness, high speed, and flexible fixturing advantages offered by them, which is a key impetus behind automotive industry growth. Parallel automotive robotics market is likely to exhibit a CAGR of over 4% during 2017-2024.

In manufacturing facilities, manual operations pose high risk of human-related errors. Also, labor costs are gradually increasing, especially in developed economies. Usage of automotive robots not only eliminates risk factors and reduces labor costs, but also facilitates mass production of automotive components. Increasing need for better productivity and proper functioning of assembly lines for vehicle production will foster automotive robotics industry size. Automotive OEMs are progressively installing robots in manufacturing facilities to achieve economies of scale, which will foster industry growth.

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

Robotic controllers are among the commonly used hardware in automotive manufacturing processes and are likely to exhibit growth rate of more than 4% in the analysis period. Robotic controllers are primarily used in industries where repetitive tasks are performed. Space-saving ability, easy installation, and lightweight model options are some of the key features accelerating product demand.

Software & services segment is poised to cross the USD 1 billion mark by 2024. Progress in software programming has resulted in increased proficiency in performance. Moreover, embedding advanced software in automotive robots is supporting real time decision making in production processes, thereby encouraging adoption.

Asia Pacific automotive robotics industry was worth approx. USD 2 billion in 2016. The region is at the forefront of motion control technology, which provides unprecedented leverage for industry growth. Moreover, increasing sales of vehicles along with the presence of significant number of vehicle manufacturing facilities across the region is aiding automotive robotics industry growth.

ABB, Fanuc, Yamaha, and KUKA are the key players contributing towards global automotive robotics market growth. Other noteworthy players include Kawasaki Heavy Industries, Omron Corporation, Rockwell Automation, Universal Robots, and Staubli.

Partnerships, collaborations, and new product launches are some of the strategies adopted by these players to increase product innovation. For instance, in July 2017, KUKA collaborated with Volkswagen for electric autonomous vehicles technology development.

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

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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What will be the future for Automotive Robotics Market? Top Players are ABB, KUKA, Rockwell Automation, STAUBLI, Universal Robots A/S here

News-ID: 1960007 • Views:

More Releases from Global Market Research

What's Driving the Aircraft Communication System Market Share? General Dynamics, Harris Corporation, Honeywell, L3 Technologies, Lockheed Martin, Raytheon, Collins Aerospace
What's Driving the Aircraft Communication System Market Share? General Dynamics, …
A rather crucial component of the air traffic management, SATCOM has emerged as the most popular product of the aircraft communication system market in the recent past. As the global air traffic is expected to increase at an unprecedented pace every year, prominent airlines across the world would undoubtedly be upgrading their SATCOM systems to enhance passenger experience and upgrade, operational efficiency. Furthermore, SATCOM is being deployed extensively in military
What's Driving the Aerospace Landing Gear Market Trends? Delta TechOps , Eaton Corporation, GKN Aerospace, Magellan Aerospace Limited, Safran , Triumph Group, UTC Aerospace Systems
What's Driving the Aerospace Landing Gear Market Trends? Delta TechOps , Eaton C …
The North America aerospace landing gear market is slated to amass hefty proceeds from the regional aircraft segment as many Asian and African nations will look to expand their domestic fleet size and service capabilities. To elaborate, a 2017 report forecast that over the next 15 years, approx. 5,728 regional aircrafts valued at USD 212.9 billion could be manufactured, including jets and turboprops. Consequently, the aerospace landing gear industry will
What's Driving the Automotive Electronics Market Trends? Top Players are Altera, Atmel Corporation, Autoliv, Continental, Delphi Technologies, Denso, Faurecia, Hyundai MOBIS, Lear Corporation
What's Driving the Automotive Electronics Market Trends? Top Players are Altera, …
The deployment of such systems to maintain passenger and vehicle safety is thus slated to impel automotive electronics market share. Over the coming years, the use of real-time operating systems and the development of next-generation visualization tools for automotive in-vehicle systems is likely to increase at an exponential rate. The surging awareness among people about the benefits of autonomous vehicles will thus help augment the utilization of electronic content in
What's Driving the Vehicle Tracking Device Market Growth? Top Players are ATrack Technology Inc., Xirgo Technologies, LLC, Teltonika, Starcom Systems, ORBCOMM, Laird PLC, Maestro Wireless Solutions Limited, Meitrack Group
What's Driving the Vehicle Tracking Device Market Growth? Top Players are ATrack …
The vehicle tracking device market is estimated to exceed USD 3 billion by 2025. The global vehicle tracking device industry has witnessed an unprecedented growth rate owing to enhanced fleet management techniques which are reducing operation cost of managing large fleet operations. These tracking systems enable monitoring of fuel consumption, engine parameters, and driver's behavior along with ensuring safety, thus making them an essential component in fleet management techniques. Wireless tracking

All 5 Releases


More Releases for Automotive

Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030. Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident. In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business. Get Sample Copy of this Report for more Information
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of