Rising Demand for Automation: Exploring the Growth Potential of the Automotive Robotics Market
Automotive sectors including assembling, welding, cutting, dispensing, and painting use robot systems to help with the manufacturing process. By improving quality and operating flexibility, reducing production and manufacturing errors, and avoiding wasteful use of raw materials, automotive robots in the manufacturing process help to reduce operational expenses. The main factors anticipated to contribute to market expansion are increased worker safety concerns, the implementation of automation to ensure quality manufacturing, and meeting customer demand on time.
Market Research Future (MRFR) projects the global automotive robotics market size to grow at a CAGR of 10.69% from 2023 to 2030 (forecast period).
Automobile manufacturers are using robotics in their manufacturing processes as they give various advantages like increased precision, efficiency, flexibility, and dependability on the assembly line. Due to the broad use of automotive robotics, the automotive sector has become the world’s most automated sector, as well as one of the world’s largest buyers of industrial robots. Moreover, automotive manufacturing robots provide a competitive advantage to automotive enterprises by enhancing quality, boosting capacity, cutting warranty costs, and shielding employees from demanding and dangerous duties. Furthermore, automotive robots are primarily employed in vehicle assembly facilities for applications such as spot welding, painting, and so on; nevertheless, there are various other opportunities to use automotive robotics across the supply chain.
Market Segmentation
The worldwide automotive robotics market has been segmented into product type, type, and application.
By product type, the global automotive robotics market has been segmented into SCARA Robot, Articulated Robot, and Cartesian Robot.
By type, the global automotive robotics market has been segmented into Hardware, Software, and Service.
By application, the global automotive robotics market has been segmented into Gripping, Stamping, Welding, Painting, Assembly, and others.
Regional Analysis
APAC to Rule the Global Market
The Asia Pacific is the world’s fastest-growing area, led by countries like India, China, Taiwan, and South Korea. China and India are Asia Pacific’s advanced countries, and many companies, including automotive, electronics, and aviation, are establishing production units in these countries, raising interest in the Automotive Robotics Market share and changing the Asia Pacific into a growing market.
Key Players
ABB Group, Harmonic Drive System, Comau SpA, Denso Wave Incorporated, Dürr AG, Fanuc Corporation, KUKA AG, Kawasaki Heavy Industries (Kawasaki Robotics), Nabtesco Motion Control, Inc., and Nachi-Fujikoshi Corp.
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