IMARC Group, a leading market research company, has recently releases report titled “Automotive Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global automotive robotics market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Automotive Robotics Market
Automotive robotics are designed to perform a wide range of tasks, such as assembling vehicle components, handling materials, and conducting quality control checks with precision. They are equipped with precision and efficiency that ensure the production of high-quality vehicles with minimal errors. They assist in enhancing productivity and reducing operational costs. As they allow for customization without sacrificing efficiency and can efficiently handle hazardous tasks while reducing errors, the demand for automotive robotics is increasing across the globe.
How Big Is the Automotive Robotics Market?
The global automotive robotics market size reached US$ 9.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.2 Billion by 2028, exhibiting a growth rate (CAGR) of 11.4% during 2023-2028.
Request Free Sample Copy of This Report: https://www.imarcgroup.com/automotive-robotics-market/requestsample
What are the growth prospects and trends in the automotive robotics industry?
At present, the rising need for enhanced operational efficiency and cost reduction in the automotive sector represents one of the major factors supporting the market growth. Additionally, the increasing adoption of electric and autonomous vehicles among the masses around the world is strengthening the growth of the market.
Besides this, the growing demand for automotive robotics to perform several tasks, such as welding, painting, and assembly, with enhanced precision and consistency that improved the overall quality of vehicles is positively influencing the market. Moreover, the rising utilization of automotive robotics in manufacturing and testing processes is providing lucrative growth opportunities to industry players.
Furthermore, the increasing production of electric vehicles (EVs) that require precise battery assembly and intricate electronic component integration is contributing to the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Cartesian Robots
- SCARA Robots
- Articulated Robot
- Others
Breakup by Component Type:
- Controller
- Robotic Arm
- End Effector
- Drive and Sensors
Breakup by Application:
- Assembly
- Dispensing
- Material Handling
- Welding
- Others
Breakup by End User:
- Vehicle Manufacturers
- 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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: [email protected]
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
