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Driving Efficiency and Innovation : The Automotive Robotics Market's Transformative Journey

09-20-2023 03:17 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Driving Efficiency and Innovation : The Automotive Robotics

As per the report published by Allied Market Research, the global automotive robotics industry generated $6.63 billion in 2019, and is expected to reach $13.60 billion by 2027, witnessing a CAGR of 12.8% from 2020 to 2027. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ : https://www.alliedmarketresearch.com/request-sample/9046

Increase in automation in the automotive industry, rise in need for accuracy, safety, and productivity, and decrease in labor cost in organizations drive the growth of the global automotive robotics market. On the other hand, high cost of industrial robots impedes the market growth. However, emergence of industry 4.0 is expected to present lucrative opportunities for the market players in the future.

The global automotive robotics market is segmented into component, type, application, and region. Based on component, the market is categorized on the basis of controllers, robotic arm, end effector, sensors, drive, and others. The robotic arm segment held the largest market share in 2019, with more than two-fifths of the global automotive robotics market. At the same time, the drive segment is expected to portray the highest CAGR of 23.5% during the forecast period.

Based on application, the market is divided into welding, painting, cutting, material handling, and others. The material handling segment dominated the market with largest share in 2019, contributing to nearly half of the global automotive robotics market. However, the painting segment is estimated to register the highest CAGR of 20.8% from 2020 to 2027.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/automotive-robotics-market/purchase-options

Based on region, the market across LAMEA is anticipated to showcase the highest CAGR of 22.0% during the forecast period. On the other hand, the global automotive robotics market across Asia-Pacific contributed to the highest market share in 2019, with more than two-thirds of the global market. Moreover, other regions covered in the report include Europe and North America.

๐‹๐ž๐š๐๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ :

ABB,
DENSO WAVE INCORPORATED,
Comau,
Kawasaki Heavy Industries, Ltd.,
FANUC CORPORATION,
NACHI-FUJIKOSHI CORP.,
KUKA AG,
Seiko Epson Corporation,
Rockwell Automation, Inc.,
YASKAWA ELECTRIC CORPORATION.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐  : https://www.alliedmarketresearch.com/purchase-enquiry/9046

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ :

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

About Us :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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