Press release
Automotive Robotics Market to Hit $13.60 Billion by 2027, Driven by Advancements in Automation and Smart Manufacturing
๐ฐ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A08681
Rise in automation in automotive industry and increase in accuracy, safety, and productivity are anticipated to drive the growth of the global automotive robotics market. In addition, reduction in labor cost in organizations is propelling the growth of the market. However, high cost of industrial robots hinders the growth of the market. Furthermore, factors such as incorporation of industry 4.0, is anticipated to provide remarkable opportunity for the expansion of the automotive robotics market during the forecast period.
Automotive companies are well known for adoption of new technologies in the manufacturing process and they are taking the lead by implementing automation systems. In addition, according to International Federation of Robotics (IFR), a non-profit organization to support robotics application, UK stands 22nd in the ranking in the world in terms of robot density. Moreover, even the density of robots on low, automotive manufacturers are in need of investment for adoption of robotics systems to boost the production, which in turn is anticipated to propel the automotive robotics market in coming years.
Leading automobile manufacturers are ordering industrial robotics systems for the manufacturing of new range of vehicles. For instance, on November 30, 2020, Volkswagen, a German automobile manufacturer announced to purchase digitally controlled industrial robots by KUKA, a German manufacturer of industrial robots. In addition, the industrial robots will be installed at the Volkswagen's commercial vehicle factory at Hannover, Germany, and it will be responsible for planning, assembly, delivery, and commissioning of completely automated body shop system for the new all-electric ID. BUZZ.
๐ฐ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/automotive-robotics-market/purchase-options
Adoption of industrial robots by various industries in this region is increasing with a remarkable growth rate, which in turn is anticipated to boost the automotive robotics market. According to National Association of Robotics Market Participants and International Robotics Federation, Russia has around five robots per 10,000 industrial employees, which is significantly low compared to global average. However, there is a plenty of scope for future scope of the automotive robotics market in this region as industrial robots are majorly used by the automotive application. Growing demand for automobile is this region is driving the growth of automotive robotics market, as robots can help the companies to boost the production rate to fulfill the increasing demand. In addition, incorporation of new manufacturing facilities with installed industrial robots is anticipated to propel the market.
๐๐ก๐ ๐ซ๐จ๐๐จ๐ญ๐ข๐ ๐๐ซ๐ฆ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ
By component, the robotic arm segment held the lion's share in 2019, accounting for more than two-fifths of the global automotive robotics market, as robotic arms can be programmed to move in a very precise manner repeatedly with a high level of reliability and accuracy. However, the drive segment is projected to manifest the highest CAGR of 23.5% during the forecast period, due to increase ig automotive production with rise in sales in the automotive industry over the years.
๐๐ก๐ ๐ฉ๐๐ข๐ง๐ญ๐ข๐ง๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ง๐ข๐๐๐ฌ๐ญ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐๐๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐๐๐
By application, the painting segment is estimated to register the highest CAGR of 20.8% from 2020 to 2027, due to fast operations, good quality, and cost-efficiency in working units offered by robots. However, the material handling segment held the largest share in 2019, contributing to nearly half of the global automotive robotics market, owing to remarkable precision and highly accurate link-and-gear combinations.
๐๐๐๐๐, ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐๐ ๐๐ฒ ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐, ๐ญ๐จ ๐ฉ๐จ๐ซ๐ญ๐ซ๐๐ฒ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐๐๐ ๐๐ฒ ๐๐๐๐
By region, the market across LAMEA, followed by North America, is expected to register the highest CAGR of 22.0% during the forecast period, due to incorporation of new automobile production plants with installed advanced industrial robots. However, the global automotive robotics market across Asia-Pacific dominated in 2019, accounting for more than two-thirds of the market share, owing to rise in demand for automobiles in this region and robots are helpful tools to increase the production rate to meet the demand.
๐ฐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A08681
๐๐๐ฃ๐จ๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ
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
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ
On the basis of component, the drive segment is anticipated to exhibit a remarkable growth during the forecast period.
On the basis of type, the articulated segment is the highest contributor to the global market, in terms of revenue.
On the basis of region, LAMEA is the fastest growing region, followed by North America, Europe, and Asia-Pacific.
๐๐จ๐ง๐ญ๐๐๐ญ:
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