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Automotive Robotics Market– Global Industry
Analysis Report, Share, Growth, Price Trends and
Forecast, 2024: Global Market Insights Inc.
An outlook on Automotive Robotics Market growth is presented in this latest
research report that reviews industry growth drivers, trends, regional factors &
companies as well as provides forecasts for next few years. Automotive Robotics
Market size is projected to exceed USD 5.96 billion by 2024; according to a new
research report by Global Market Insights, Inc.
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.
Necessity for better productivity and proper functioning of assembly lines in vehicle
production has enhanced industry growth. Increasing technological advancements in
raw materials used for robot making will escalate the product demand.
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,
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
U.S. Automotive Robotics Market Size, By Product, 2013 – 2024 (USD Million)
Software and services segment is projected to cross USD 1 billion in 2024. Improved
software programming has enhanced the quality that will further propel the industry
growth. Software loaded in the product will enable real time decision making in the
production process supporting the industry growth rate.
Automotive robotic controllers are the most commonly used hardware with a CAGR
of over 4% in the forecast period. High acceptance of robotic arms is required in
areas, where repetitive tasks are performed. Easy installing, lightweight model, and
space-saving ability are the features, accelerating the robotic arms industry growth.
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.
Segmentation of Automotive Robotics Market:
Automotive Robotics market research report includes in-depth coverage of the
industry with estimates & forecast in terms of volume in thousand units & revenue in
USD million from 2013 to 2024, for the following segments:
Automotive Robotics Market By Product
Automotive Robotics Market By Component
• Robotics arm
• End effector
• Automotive robotic drive
• Automotive robotic sensor
Software & services
Automotive Robotics Market By Application
Paint & dispense
The above information has been provided on a regional and country basis for the
• South Korea
Middle East & Africa
• Saudi Arabia
Browse Related Report:
Industrial Robotics Market Size, Industry Analysis Report, Regional Outlook (U.S.,
Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi
Arabia, UAE, South Africa), Application Development Potential, Price Trends,
Competitive Market Share & Forecast, 2017 – 2024
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
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