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Emerging Trends to Reshape the Automotive Manufacturing Equipment Market: Development Of Innovative Products To Drive The Revenues In The Market as a Key Influencer
Automotive Manufacturing Equipment Market
Automotive Manufacturing Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the size of the automotive manufacturing equipment market has seen robust growth. The market value is set to increase from $7.53 billion in 2024 to $8.25 billion in 2025, with a compound annual growth rate (CAGR) of 9.6%. Factors such as economic growth, consumer choices, regulatory standards, the globalization of supply chains, and cost efficiency have contributed to the growth observed in the historic period.
Automotive Manufacturing Equipment Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size for automotive manufacturing equipment is anticipated to witness robust growth. It's projected to reach $11.69 billion in 2029, growing at a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this growth during the forecasted period include the surge in electric vehicle adoption, integration of industry 4.0, heightened focus on environmental sustainability, supply chain resilience, and customization requirements. Key emerging trends encompass the employment of Industry 4.0 technologies, the use of collaborative robots (cobots), the merger of augmented reality (AR) and virtual reality (VR), the incorporation of 3D printing and additive manufacturing, the transition towards flexible and modular production systems, and the creation of advanced material-handling systems.
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What Are the Drivers Transforming the Automotive Manufacturing Equipment Market?
The growth of the automotive manufacturing equipment market is believed to be propelled by the escalating demand for electric vehicles. Electric vehicles (EVs), cars predominantly or entirely powered by electricity-a stark contrast from the conventional internal combustion engines that use gasoline or diesel fuel-are on the rise. The role of automotive manufacturing equipment is critical in transforming the future of transportation, particularly with regards to electric vehicles. It is the cornerstone where precision, efficiency, and innovation meet to spearhead the sustainable revolution in the automotive industry. As per the International Energy Agency, a France-based global institution, EV sales in 2022 were at 10 million, and it's predicted to rise to 14 million in 2023 by the end of July. Therefore, the surging demand for EVs is fueling the expansion of the automotive manufacturing equipment market.
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What Are the Key Trends Driving Automotive Manufacturing Equipment Market Growth?
Major firms in the market are capitalizing on product innovation to boost their revenue streams. A serial-link robot, like the ones being introduced, is a style of robotic arm assembly with a sequence of rigid links strung together like a chain. For instance, in January 2022, FANUC, a renowned robotics firm from Japan, launched the M-1000iA, the industry's largest serial-link robot. This robust construction robot can handle hefty materials such as car parts, construction supplies, and battery packs for electric vehicles. Thanks to its unique serial-link design, the robot has an extensible range of motion in every direction, including the ability to stretch its arm vertically or twist it in reverse. The M-1000iA, with a payload capacity of 1000 kg, a horizontal reach of 3253mm, and a vertical reach of 4297mm, is the perfect solution for manufacturers looking to amplify productivity and optimize assembly line efficiency.
Which Segments in the Automotive Manufacturing Equipment Market Offer the Most Profit Potential?
The automotive manufacturing equipmentmarket 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 Firms Dominate the Automotive Manufacturing Equipment Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential 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.
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