DUBLIN--(BUSINESS WIRE)--The "Automotive Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global automotive robotics market reached a value of US$ 8.69 billion in 2021. Looking forward, the market is projected to reach a value of US$ 17.34 billion by 2027, exhibiting a CAGR of 11.80% during 2022-2027.
- ABB Ltd.
- Denso Wave Incorporated (DENSO Corporation)
- Durr Aktiengesellschaft
- Harmonic Drive Systems Inc.
- Kawasaki Heavy Industries Ltd.
- KUKA Aktiengesellschaft (Midea Group)
- Nachi-Fujikoshi Corp.
- Omron Corporation
- Seiko Epson Corporation
- Yamaha Motor Co. Ltd.
- Yaskawa Electric Corporation
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.
Automotive robotics refers to computer-programmed engineering solutions that are extensively employed by manufacturers for performing complex tasks effectively. It offers flexibility, higher efficiency, reliability, and accuracy, which in turn, is helping organizations in improving quality and production capacity, optimizing workflow, eliminating the risk of errors, and providing safety to employees. On account of these properties, automotive robotics is used in vehicle assembly facilities for executing various applications, including spot welding, painting, trimming plastic molding, cutting fabric, and removing unwarranted materials. At present, it is available in varying product types, such as cartesian, articulated polar and cylindrical robots.
With the significant expansion in the automotive industry, there has been an increase in the demand for industrial robots to simplify complex production processes, which, in turn, is acting as one of the prime factors driving the market growth. Automotive robots help in enhancing the quality and working capacity at lower costs, which is further supporting the market growth.
Additionally, the rising concerns regarding employee safety due to the increasing instances of injury, manual errors and accidents caused by working under hazardous conditions in the automotive manufacturing industry is acting as another growth-inducing factor. This is further supported by extensive fundings and numerous favorable initiatives undertaken by the government bodies of various countries for incorporating advanced gadgets and equipment to ensure workers security, while meeting the safety standards.
Additionally, rapid technological advancements, such as the integration of the Internet of Things (IoT), cloud solutions, and autonomous intelligent vehicles (AIVs) for transferring components and materials safely from one place to another is contributing to the market growth. Other factors, such as strategic collaborations amongst key players, growing vehicle production due to inflating disposable incomes in emerging economies, and rising investments in research and development (R&D) activities for introducing energy-efficient automotive robots are creating a positive outlook for the market.
Key Questions Answered in This Report
- How has the global automotive robotics market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global automotive robotics market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the component type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the End-user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global automotive robotics market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Automotive Robotics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
7 Market Breakup by Component Type
8 Market Breakup by Application
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/d4ahop