According to the latest report by IMARC Group, titled “Global Automotive Robotics Market Report, Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global automotive robotics market reached a value of US$ 8.69 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17.34 Billion by 2027, exhibiting a CAGR of 11.80% during 2022-2027.
Robotics is the interdisciplinary branch of science and engineering that accomplishes the designing, construction, operation, and utilization of robots. Automotive manufacturers generally utilize robots to perform complex tasks effectively. They make use of cartesian, SCARA, cylindrical, and articulated polar robots to help with various functions such as welding, painting, assembling and disassembling, molding, cutting, and milling. Automotive robotics is highly efficient, flexible, reliable, and accurate in nature, thereby improving the quality of the vehicles and enhancing the overall production capacity of the manufacturing plant. It is also known to optimize workflow, reduce the margin of error, and ensure the safety of the employees.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Automotive Robotics Market Trends and Drivers:
The global automotive robotics market is primarily driven by the significant growth of the automotive sector.
Factors such as rapid urbanization and inflating disposable income levels are increasing the demand for different types of commercial as well as personal vehicles, which, in turn, is fueling the market growth. In addition, the reduction in labor costs is also facilitating the demand for automotive robotics.
Furthermore, the integration of Industry 4.0, the Internet of Things (IoT), cloud solutions, and autonomous intelligent vehicles (AIVs) for transferring components and materials from one place to another is also anticipated to propel the market growth in the upcoming years.
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|Automotive Robotics Market Report Scope|
|Market size value in 2021||US$ 8.69 Billion|
|Market forecast in 2027||US$ 17.34 Billion|
|Growth Rate||CAGR of 11.80% from 2022 to 2027|
|Base year for estimation||2021|
Global Automotive Robotics Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ABB Ltd., Denso Wave Incorporated (DENSO Corporation), Dürr Aktiengesellschaft, FANUC, Harmonic Drive Systems Inc., Kawasaki Heavy Industries Ltd., KUKA Aktiengesellschaft (Midea Group), Nachi-Fujikoshi Corp., Omron Corporation, Seiko Epson Corporation, Yamaha Motor Co. Ltd. and Yaskawa Electric Corporation.
The report has segmented the market on the basis of region, product type, component type, application and end user.
Breakup by Product Type:
Breakup by Component Type:
Drive and Sensors
Breakup by Application:
Breakup by End User:
Automotive Component Manufacturers
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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