openPR Logo
Press release

Automotive Robotics Market Size to Hit USD 5.96 billion by 2024: Analysis of Key Players, Trends, Drivers, & Challenges

09-12-2017 03:54 PM CET | Industry, Real Estate & Construction

Press release from: marketstudyreport.com

/ PR Agency: Market Study Report
Automotive Robotics Market Size to Hit USD 5.96 billion by 2024:

MaketStudyReport.com adds a New Automotive Robotics Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at 2024.
Automotive Robotics Market size is projected to exceed USD 5.96 billion by 2024; according to a new research report.
Growth in automobile industry is creating positive impact over the implementation of advanced products to meet the customer demand. Improved focus of vendors on automation solutions to eliminate risk factors arising from labor will spur the demand for automotive robotics. Additionally, extensive usage of robotics will lead to reduction of labor costs and thereby increase OEMs profitability.
Get sample Copy of this report: https://www.marketstudyreport.com/request-a-sample/568780/?utm_source=PAID-SL
Growth drivers: by region NA, EU, APAC, LATAM, MEA.
Increasing demand from applications such as welding, robotic processing, painting & dispense, and handling operations will augment the industry growth rate. Further, benefits offered including light weight, easy deployment, durable and space saving is predicted to increase the product penetration.
Technical support will facilitate the product as an alternative for skilled labors. Growth in R&D activities will support the industry growth. It has unlocked multiple avenues for automakers to offer its customers with increased versatility, flexibility, and reliability.
Reduced cost, low energy consumption, and enhanced product quality owing to usage of improved quality sensors, electronics, and software programming will propel the industry demand. Increasing unemployment due to consistent demand for automated solutions will hamper the automotive robotics industry growth rate.
SCARA robots used in the automobile industry will cross over 33 thousand units by 2024. This can be credited to increasing usage in applications such as high-speed assembly and handling operations. Rising demand for reduced bottlenecks and optimized productivity will boost the product penetration.
Parallel robots will witness over 4% CAGR by 2024. Micro-manufacturing automation is a key factor that will fuel the product demand over the forecast time frame. High speed, stiffness, and flexible fixturing are the benefits supporting the product demand.
Get Discount on this Report: https://www.marketstudyreport.com/check-for-discount/568780/
Handling operations dominated the automotive robotics market share in 2016 owing to lifting tasks meeting several demands of the automakers. Safety regulations for these advanced products has resulted in employee?s well-being coupled with minimized associated injuries.
In 2016, APAC automotive robotics industry was approximately USD 2.0 billion. The region is attributed to have highest overall industry share owing to product?s motion control technology. Further, the region has substantial number of vehicle manufacturing facilities contributing to the automotive industry growth. Europe is estimated to have 3.5% CAGR from 2017 to 2024.

Global industry consists of several players and the key players are ABB, KUKA, Fanuc, and Yamaha acquiring significant market share in 2016. Other notable players include Omron Corporation, Kawasaki Heavy Industries, Rockwell Automation, Staubli, and Universal Robots.
Strategies including partnerships and new product launches are being adopted by these companies. KUKA entered in partnership with Volkswagen for enhancement of electric autonomous vehicles in July 2017
Automotive Robotics Market By Product: Articulated, Cartesian, SCARA, Parallel, Cylindrical.
Automotive Robotics Market By Component: Hardware, Controllers, Robotics arm, End effector, Automotive robotic drive, Automotive robotic sensor, Software & services, Automotive Robotics Market By Application, Welding, Handling operations, Robotic processing, Robotic assembly, Paint & dispense, Others.
The above information has been provided on a regional and country basis for the following: North America, U.S, Canada, Mexico, Europe, Germany, Denmark, France, Italy, UK, Spain, Belgium, Sweden, Asia Pacific, China, India, Japan, South Korea, Thailand, Singapore, Australia, Latin America, Brazil, Argentina, Colombia, Middle East & Africa, Saudi Arabia, UAE, South Africa.

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Market Study Report
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
News: https://www.marketstudyreport.com/category/news-releases/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Robotics Market Size to Hit USD 5.96 billion by 2024: Analysis of Key Players, Trends, Drivers, & Challenges here

News-ID: 712075 • Views: 281

More Releases from marketstudyreport.com

What's driving the Solar District Heating Market Trends? Savosolar. Goteberg Ene …
Market Study Report, LLC’s, latest study on ‘Solar District Heating market’ features a holistic view of the market size, market share, profit estimates, SWOT analysis and the regional landscape of the business. The report precisely expounds key challenges and future growth prospects of the market, while highlighting the current competitive scene and analyzes the expansion strategies adopted by leading market players. Solar District Heating Market share is set to surpass USD
What's driving the Structural Steel Market trends? Gerdau S.A, ArcelorMittal, Ta …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Blockchain Technology Market Trends? Deloitte, BTL Group Ltd. …
A detailed study on ‘Blockchain Technology Market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Antidiabetics Market trends? Sanofi, Bayer Corporation, Novar …
A detailed study on ‘Antidiabetics market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in the

All 5 Releases


More Releases for Robotic

why robotic suitcase is so popular?
why robotic suitcase is so popular? it's basis on the following details: Item Description: 1)Multistage single handle, easy to pull up and retract. 2)Strong aluminum frame, lighter, more stable and not easily deformed. 3)Advanced PC material features waterproof, impact resistant, lightness and environment friendly. 4) No button handle, reinforced polygonal aluminum tube+built-in sensor integrated, solid and tough. 5) The surronding led brathing light indicates the status of suitcase lock through color changment. 6) Double row of
Heavy Payload Robotic Arm Market
This report presents the worldwide Heavy Payload Robotic Arm market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-heavy-payload-robotic-arm-2025-690 The robotic arm plays
Neurorehabilitation Devices - MIME Robotic Device
Bioness Inc., Bionik Laboratories Corp., Bioxtreme, Denecor, Ectron Ltd., Ekso Bionics, Helius Medical Technologies, Hocoma AG, MagVenture A/S, Medtronic, Neuro Style, Rehab-Robotics Company Limited, Rehabtronics Inc, St Jude Medical Inc., Tyromotion are some of the prominent players at the forefront of competition in the global Neurorehabilitation Devices Market and are profiled in MRFR Analysis. Global Neurorehabilitation Devices Market - Overview The neurorehabilitation devices market is growing with the rapid pace. According
Neurorehabilitation Devices - MIME Robotic Device
Bioness Inc., Bionik Laboratories Corp., Bioxtreme, Denecor, Ectron Ltd., Ekso Bionics, Helius Medical Technologies, Hocoma AG, MagVenture A/S, Medtronic, Neuro Style, Rehab-Robotics Company Limited, Rehabtronics Inc, St Jude Medical Inc., Tyromotion are some of the prominent players at the forefront of competition in the global Neurorehabilitation Devices Market and are profiled in MRFR Analysis. Global Neurorehabilitation Devices Market - Overview The neurorehabilitation devices market is growing with the rapid pace. According
Robotic Flight Simulator Surgery Market Forecast [2027]
Global Robotic flight simulator surgery Market Information by Applications (general surgery, cardiology surgery, neurosurgery, Gynecology and others) by Methods (direct telemanipulator, computer control) - Forecast to 2027 Robotic flight simulator surgery is such a surgical system which is like an aircraft, it is reflected to be only as good as the preliminary (Surgeon), and the current training required for expertise in robot-assisted surgery is inappropriately less than ideal. The Robotic flight
Robotic Arm (RA) 2016 Market Research Report
MarketResearchReports.Biz presents this most up-to-date research on "Robotic Arm (RA) 2016 Market Research Report" Description The Robotic Arm (RA) Market is a professional and in-depth study on the current state of the Entertainment RA with Cameras industry. Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Entertainment RA with Cameras market analysis is provided for the international market including development history, competitive landscape