Press release
Automotive Manufacturing Equipment Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Automotive Manufacturing Equipment Market
The escalating demand for electric vehicles is anticipated to boost the expansion of the automotive manufacturing equipment industry. The basic concept of an electric vehicle (EV) is that it runs on electric power, mainly or solely, in contrast to traditional vehicles that operate on petrol or diesel using internal combustion engines. The role of automotive manufacturing equipment is critical to the future of transportation, particularly for electric vehicles. This is where meticulousness, efficiency, and originality unite, steering the green transportation revolution. For instance, the International Energy Agency, a France-based international organisation, stated in July 2023 that electric vehicle sales amounted to 10 million in 2022, and they projected an increase to 14 million by 2023. As a result, the escalating demand for electric vehicles is fuelling the expansion of the automotive manufacturing equipment industry. As the adoption of Industry 4.0 grows, the automotive manufacturing equipment market is expected to develop further. Industry 4.0 is the fourth phase of the industrial revolution, characterised by the incorporation of advanced technologies, automation, and data exchange in manufacturing operations. It enhances automotive manufacturing equipment by providing real-time data tracking, predictive maintenance, and interconnected systems for better productivity and optimized production. For example, according to the Central Indiana Corporate Partnership, a not-for-profit organization based in the US, there was a rise in the rate of adoption of Industry 4.0 technologies across several sectors, such as autonomous mobile robots, resulting in a growth from 11% in 2021 to 16% in December 2022. Consequently, the increasing adoption of Industry 4.0 is fuelling the expansion of the automotive manufacturing equipment market.
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How will the growth rate of the automotive manufacturing equipment market shape industry trends by 2034?
The market size for automotive manufacturing equipment has seen a significant expansion in the past few years. There is an expectation for it to increase from $7.53 billion in 2024 to $8.38 billion in 2025, representing a compound annual growth rate (CAGR) of 11.2%. Economic progression, shifts in consumer preferences, regulatory norms, the internationalization of supply chains, and cost-effectiveness are factors that contributed to the growth during the historic period.
In the forthcoming years, it is predicted that the automotive manufacturing equipment market will experience robust expansion. The market size is anticipated to reach $12.06 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.5%. This rise during the forecast period can be ascribed to factors such as the surge in electric vehicle adoption, integration of industry 4.0, emphasis on environmental sustainability, resilience in the supply chain, and increasing demand for customization. Significant trends projected for this period encompass the employment of industry 4.0 technologies, the use of collaborative robots (cobots), the integration of augmented reality (AR) and virtual reality (VR), the advent of 3D printing/additive manufacturing, a shift towards more flexible and modular production systems, and the creation of advanced material handling systems.
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How are the latest trends influencing the growth of the automotive manufacturing equipment market?
Significant firms in the market are directing their efforts towards product invention in order to boost their income. A serial-link robot is a form of robotic arm setup comprised of a sequence of rigid links connected in a chain-like pattern from one end to another. For instance, FANUC, a robotic firm from Japan, launched in January 2022, the M-1000iA, its largest serial-link robot, designed to manage heavy product handling tasks including automotive parts, construction materials, and electric vehicle battery packs. Benefiting from its serial-link structure, the robot offers a comprehensive range of movements, with the ability to extend its arm straight up or swivel it backward. With its payload capacity of 1000 kg, a horizontal reach of 3,253mm, and vertical reach of 4,297mm, the M-1000iA is well-suited to manufacturers aiming to boost production and optimize line efficiency.
Which primary segments of the automotive manufacturing equipment market are driving growth and industry transformations?
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
Subsegments:
1) By CNC Machine: Lathes, Milling Machines, Drilling Machines, Grinding Machines
2) By Conveyor Belt: Roller Conveyors, Belt Conveyors, Chain Conveyors, Overhead Conveyors
3) By Injection Molding Machine: Hydraulic Injection Molding Machines, Electric Injection Molding Machines, Hybrid Injection Molding Machines
4) By Robot: Articulated Robots, Cartesian Robots, SCARA Robots, Collaborative Robots
5) By Stamping Machine: Mechanical Stamping Machines, Hydraulic Stamping Machines, Pneumatic Stamping Machines
6) By Welding Machine: Arc Welding Machines, Resistance Welding Machines, Laser Welding Machines, Ultrasonic Welding Machines
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Which geographical regions are pioneering growth in the automotive manufacturing equipment market?
North America was the largest region in the automotive manufacturing equipment market in 2024. The regions covered in the automotive manufacturing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the automotive manufacturing equipment market landscape?
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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What Is Covered In The Automotive Manufacturing Equipment Global Market Report?
• Market Size Forecast: Examine the automotive manufacturing equipment market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive manufacturing equipment market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive manufacturing equipment market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive manufacturing equipment market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive manufacturing equipment market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive manufacturing equipment market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive manufacturing equipment market.
• Competitive Landscape: Review strategic developments in the automotive manufacturing equipment market, including expansions, agreements, and new product launches.
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