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Automotive Manufacturing Equipment Global Market Report 2024 - By Report, Share, Size, Trends And Analysis, Forecast To 2033
Automotive Manufacturing Equipment Market
Automotive Manufacturing Equipment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $11.03 billion In 2028 At A CAGR Of 10.0% :
The automotive manufacturing equipment market size has grown rapidly in recent years. It will grow from $6.74 billion in 2023 to $7.53 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to economic growth, consumer preferences, regulatory standards, globalization of supply chains, cost efficiency..
The automotive manufacturing equipment market size is expected to see rapid growth in the next few years. It will grow to $11.03 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to electric vehicle adoption, industry 4.0 integration, environmental sustainability, supply chain resilience, customization demands.. Major trends in the forecast period include adoption of industry 4.0 technologies, introduction of collaborative robots (cobots), integration of augmented reality (ar) and virtual reality (vr), implementation of 3d printing/additive manufacturing, shift towards flexible and modular production systems, development of advanced material handling systems..
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Automotive Manufacturing Equipment Market Major Segments
The automotive manufacturing equipment market covered in this report is segmented -
1) By Equipment Type: CNC Machine, Conveyor Belt, Injection Molding Machine, Robot, Stamping Machine, Welding Machine
2) By Mode of Operation: Automatic, Semi-Automatic
3) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
Key Driver - Growing Automotive Manufacturing Equipment Market Driven by Increasing Demand for Electric Vehicles
The increasing demand for electric vehicles is expected to propel the growth of the automotive manufacturing equipment market going forward. An electric vehicle (EV) is an automobile powered by electricity, primarily or exclusively, rather than traditional internal combustion engines that rely on gasoline or diesel fuel. Automotive manufacturing equipment plays a pivotal role in shaping the future of transportation, especially in the context of electric vehicles, where precision, efficiency, and innovation converge to drive the sustainable automotive revolution. For instance, in September 2022, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, electric car sales set a new high in 2021, climbing by four percent. Sales nearly doubled to 6.6 million compared to 2020, increasing the total number of electric vehicles on the road to 16.5 million. Therefore, the increasing demand for electric vehicles is driving the growth of the automotive manufacturing equipment market.
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Prominent Trend - Development Of Innovative Products To Drive The Revenues In The Market
Major companies operating in the market are focusing on product innovation to drive the revenues in the market. A serial-link robot is a type of robotic arm configuration in which a series of rigid links are connected end-to-end in a chain-like structure. For instance, in January 2022, FANUC, a Japan-based robotics company, introduced the M-1000iA largest serial-link robot, a heavy-duty robot capable of handling heavy products such as automotive components, construction materials, and electric vehicle battery packs. The robot's serial-link construction allows for a wider range of motion in every direction, allowing it to extend its arm upright or rotate it backward. With a 1000 kg payload, 3,253mm horizontal reach, and 4,297mm vertical reach, the M-1000iA is ideal for manufacturers seeking to increase output and maximize production line efficiency.
Automotive Manufacturing Equipment Market Players
Major companies operating in the automotive manufacturing equipment market report are Siemens AG, Denso Corporation, Mitsubishi Electric Corporation, ABB Ltd., Emerson Electric Co., JTEKT Corporation, Seiko Epson Corporation, Rockwell Automation Inc., Bosch Rexroth AG, FANUC Corporation, Hexagon AB, Trumpf GmbH, Dürr Group, Daifuku Co. Ltd., Yaskawa Electric Corporation, KUKA AG, DMG MORI Co. Ltd., Amada Co. Ltd., ATS Automation Tooling Systems Inc., Nachi-Fujikoshi Corporation, Schuler AG, Stäubli International AG, Okuma Corporation, Cognex Corporation, AIDA Engineering Ltd., HD Hyundai Robotics, Fronius International GmbH, Kawasaki Heavy Industries Ltd., Universal Robots A/S, Comau SpA
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Largest And Fastest Growing Region In The Market
North America was the largest region in the automotive manufacturing equipment market in 2023. The regions covered in the automotive manufacturing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Manufacturing Equipment Market Report Structure
3. Automotive Manufacturing Equipment Market Trends And Strategies
4. Automotive Manufacturing Equipment Market - Macro Economic Scenario
5. Automotive Manufacturing Equipment Market Size And Growth
…..
27. Automotive Manufacturing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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