Market Synopsis
The other essential factors that drive the market are meeting market demands within the time limit and the adoption of the latest automated technology to assure quality production. Moreover, implementing the automotive robotics in the manufacturing operations helps in reducing the cost of operation, saves time, provides better quality and operational flexibility, reduces wastage of raw material, and lessens pollution and manufacturing faults. Due to the sudden outbreak of novel coronavirus, there has been an immense change in the market dynamics. Several regions have been affected due to the pandemic. We will provide COVID-19 impact analysis with the report.
As per the research by Market Research Future Reports (MRFR), the global automotive robotics market Value is estimated to display a CAGR of 10% during the forecast period from 2016 to 2022. The increasing concern for labor safety is the primary factor that drives the global automotive robotics market Value 2020.
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Key Players
The forefront players of the global automotive robotics market Value are Nachi-Fujikoshi Corp., Comau SpA, ABB Group, Denso Wave Incorporated, Fanuc Corporation, Dürr AG, Harmonic Drive System, Kawasaki Heavy Industries (Kawasaki Robotics), KUKA AG, and Nabtesco Motion Control, Inc.
Market Segmentation
The global automotive robotics market Value can be segregated based on product type, application, type, and region.
Based on product type, the global automotive robots’ market can be classified into an articulated robot, SCARA robot, and Cartesian robot.
Based on application, the global automotive robots’ market can be classified into stamping, gripping, welding, painting, assembly, and others.
Based on type, the global automotive robots’ market can be classified into service, hardware, and software.
Based on region, the global automotive robots’ market can be classified into North America, Asia-Pacific, Europe, and the Rest of the World (RoW).
Multiple Factors to Boost Market Growth
Automotive robot systems are utilized to assist in the manufacturing process in the automotive industries like assembling, welding, cutting, dispensing, and painting. Automotive robots in the manufacturing process help to decrease operational costs by enhancing the quality and operational flexibility, minimizing production and manufacturing errors, and eliminating raw material waste.
Furthermore, rising concerns about worker safety, the adoption of automation to ensure quality manufacturing, and meeting market demand on the schedule are the primary drivers expected to contribute to market growth.
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.
Regional Analysis
The geographical analysis of North America, Asia-Pacific, Europe, and the Rest of the World (RoW) has been conducted. As per the analysis, North America dominates the global automotive robotics market Value . There has been a sudden surge in the demand and adoption of robotics technology. The U.S. and Canada play a significant role in expanding the market. On the other hand, the European market is likely to exhibit a significant expansion due to the presence of established key players in the region.
The dominant player in the European market is Germany, France, Sweden, Italy, and the U.K. The APAC region is estimated to experience considerable expansion due to the growing automotive industries and rapid industrialization. India and China play an essential role in the regional market expansion due to their fast pace of development and willingness to adopt the latest technologies. Besides India and China, Japan also plays an important role and participates actively in market expansion. In RoW nations, the most significant markets are Saudi Arabia, Brazil, and followed by other countries.
Industry Updates
May 2020
UPS, an American company, has unveiled new warehouse network technology to make distribution centers. It uses autonomous mobile robots from Locus Robotics. UPS says the new Warehouse Execution System (WES) will allow faster order intake and fulfillment to assure that customers receive products within the time limit.
Geek+ Robotics has launched a pair of disinfection robots in the wake of Coronavirus pandemic. The company says the new robots are designed to help keep facilities free of germs and viruses, which may affect health. The robots operate automatically and avoid obstacles unmanned. They are designed to work 24/7 in all types of transportation stations, warehouses, offices, schools, stores, and hospitals.
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