Global Automotive Robotics Market Size to Reach US$ 17.34 Billion by 2027 at CAGR of 11.80% | IMARC Group

The latest research study "Automotive Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global automotive robotics market reached a value of US$ 8.69 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17.34 Billion by 2027, exhibiting a CAGR of 11.80% during 2022-2027.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Automotive Robotics Industry Overview :

The interdisciplinary field of science and engineering known as robotics is responsible for the designing, building, using, and using of robots. Robots are frequently used by the automotive industry to efficiently do difficult operations. To assist with tasks like welding, painting, assembling and disassembling, molding, cutting, and milling, they use cartesian, SCARA, cylindrical, and articulated polar robots. Because of its high levels of efficiency, adaptability, dependability, and accuracy, automotive robotics improves car quality while also increasing the manufacturing facility's overall production capacity. It is also known to improve productivity, lower the margin of error, and guarantee worker safety.

Automotive Robotics Market Trends and Drivers:

The global automotive robotics market is primarily driven by the significant growth of the automotive sector.

Factors such as rapid urbanization and inflating disposable income levels are increasing the demand for different types of commercial as well as personal vehicles, which, in turn, is fueling the market growth. In addition, the reduction in labor costs is also facilitating the demand for automotive robotics.

Furthermore, the integration of Industry 4.0, the Internet of Things (IoT), cloud solutions, and autonomous intelligent vehicles (AIVs) for transferring components and materials from one place to another is also anticipated to propel the market growth in the upcoming years.

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Global Automotive Robotics Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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., Omron Corporation, Seiko Epson Corporation, Yamaha Motor Co. Ltd. and Yaskawa Electric Corporation.

The report has segmented the market on the basis of region, product type, component type, application and end user.

Breakup by Product Type:
• Cartesian Robots
• SCARA Robots
• Articulated Robot
• Others

Breakup by Component Type:
• Controller
• Robotic Arm
• End Effector
• Drive and Sensors

Breakup by Application:
• Assembly
• Dispensing
• Material Handling
• Welding
• Others

Breakup by End User:
• Vehicle Manufacturers
• Automotive Component Manufacturers

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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