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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Automotive Robotics Market Outlook
The global automotive robotics market attained a value of about USD 7.59 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 10.1% to reach nearly USD 17.96 billion by 2032.
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The Asia Pacific Market Projected to Dominate the Automotive Robotics Industry
The Asia Pacific has emerged as the regional leader in the global market for automotive robotics and this trend is estimated to continue over the forecast period. It is projected to be the fastest growing market, with leading countries, such as China, India, Taiwan, and South Korea, evolving in the region owing to the government regulations and funds which have enhanced the infrastructure. Thus, the budding manufacturing hub in this region will drive the automotive robotics industry.
Demand for Articulated Robots to Witness the Highest Growth Rate in the Forecast Period
Based on product, the articulated robot segment is projected to grow at the highest rate maintaining its market position during the forecast period. An articulated robot is the most popular type of automotive robot used in the industry. This can be attributed to the flexibility it provides in the changeover process with its rotary joint mechanism. It can be based on a simple two-joint mechanism or a complex model of a higher number of joints. Articulated robots find their application in a wide variety of industries depending upon the design and are mainly utilised in assembly line operations. The rising demand for automotive robotics is expected to boost the growth of the overall automotive robotics industry.
Global Automotive Robotics Market Segmentation
Automotive robotics is a field that provides computer-programmed engineering solutions for complex tasks to be fulfilled automatically by robots. These robots find wide applications in the manufacturing industry to perform repetitive tasks in the assembly line. They are simple robots with primary mechanical functions.
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The major products of automotive robotics are:
- Articulated Robot
- Cartesian Robot
- Cylindrical Robot
- Polar/Spherical Robot
- SCARA Robot
The market can be broadly categorised on the basis of applications into:
- Assembly
- Dispensing
- Material Handling
- Welding
- Others
The EMR report looks into the regional markets of automotive robotics like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Automated Manufacturing to Bolster the Market Growth for Automotive Robotics
The global market for automotive robotics is primarily propelled by the rising number of automated manufacturing hubs across the globe. Several countries’ governments, to enhance their economies, have taken actions and implemented policies to improve the infrastructure for more manufacturing activities, worldwide. The need for automation in these industrial hubs is expected to augment the demand for automotive robotics. Additionally, technological development in this field is a continuous process that keeps on improving the convenience according to contemporary needs.
Furthermore, automation offers higher profitability and near-perfect accuracy in manufacturing, which subsequently contributes to the growing demand. Moreover, automotive robotics provides a competitive advantage with productivity beyond comparison. Thus, it is a significant necessity for large scale industries that resultantly bolster the market growth. However, on the flip side, the high expense related to the procurement and maintenance of these robots can potentially hinder the growth.
Key Industry Players in the Global Automotive Robotics Market
The report presents a detailed analysis of the following key players in the global automotive robotics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- ABB Ltd.
- Acieta LLC
- Denso Corporation
- DiFacto Robotics and Automation
- Seiko Epson Corporation
- Fanuc Corporation
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of approximately USD 7.59 billion in 2023.
The market is projected to grow at a CAGR of 10.1% in the forecast period of 2024-2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 17.96 billion by 2032.
The major market drivers include the increasing adoption of automation in the manufacturing sector to boost productivity and accuracy and rising concerns towards employee safety.
The key trends of the market include the rising demand for articulated robots owing to their flexibility and usefulness in assembly line operations and the integration of advanced technologies like IoT and autonomous intelligent vehicles.
The major regional markets for automotive robotics are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The leading products in the automotive robotics market are articulated robot, cartesian robot, cylindrical robot, polar/spherical robot, and SCARA robot.
The significant applications of automotive robotics include assembly, dispensing, material handling, and welding, among others.
The key players in the global automotive robotics market are ABB Ltd., Acieta LLC, Denso Corporation, DiFacto Robotics and Automation, Seiko Epson Corporation, and Fanuc Corporation, among others.
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