MarketSynopsis
As per theresearch by Market Research Future Reports (MRFR), the global automotiverobotics market is estimated to display a CAGR of 10% during the forecastperiod from 2016 to 2022. The increasing concern for labor safety is the primaryfactor that drives the global automotiverobotics market 2020. The other essential factors that drive themarket are meeting market demands within the time limit and the adoption of thelatest automated technology to assure quality production. Moreover,implementing the automotive robotics in the manufacturing operations helps inreducing the cost of operation, saves time, provides better quality andoperational flexibility, reduces wastage of raw material, and lessens pollutionand manufacturing faults.
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Dueto the sudden outbreak of novel coronavirus, there has been an immense changein the market dynamics. Several regions have been affected due to the pandemic.We will provide COVID-19 impact analysis with the report.
Market Segmentation
The globalautomotive robotics market can be segregated on the basis of product type,application, type, and region.
On the basisof product type, the global automotive robots market can be classified into an articulatedrobot, SCARA robot, and Cartesian robot.
On the basisof application, the global automotive robots market can be classified intostamping, gripping, welding, painting, assembly, and others.
On the basisof type, the global automotive robots market can be classified into service,hardware, and software.
On the basisof region, the global automotiverobots market can be classified into NorthAmerica, Asia-Pacific, Europe, and the Rest of the World (RoW).
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Regional Analysis
Thegeographical analysis of North America, Asia-Pacific, Europe, and the Rest ofthe World (RoW) has been conducted. As per the analysis, North Americadominates the global automotive robotics market. There has been a sudden surgein the demand and adoption of robotics technology. The U.S. and Canada play a significantrole in expanding the market. On the other hand, the European market is likelyto exhibit a significant expansion due to the presence of established keyplayers 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 experienceconsiderable expansion due to the growing automotive industries and rapidindustrialization. India and China play an essential role in the regionalmarket expansion due to their fast pace of development and willingness to adoptthe latest technologies. Besides India and China, Japan also plays an importantrole and participates actively in market expansion. In RoW nations, the mostsignificant markets are Saudi Arabia, Brazil, and followed by other countries.
Key Players
The forefrontplayers of the global automotive robotics market are Nachi-Fujikoshi Corp.,ComauSpA, ABB Group, Denso Wave Incorporated,Fanuc Corporation, Dürr AG, Harmonic Drive System, Kawasaki Heavy Industries(Kawasaki Robotics), KUKA AG, and Nabtesco Motion Control, Inc.
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Market Research Future (MRFR) is a globalmarket research firm that takes great pleasure in its services, providing adetailed and reliable study of diverse industries and consumers worldwide.MRFR's methodology integrates proprietary information with different datasources to provide the client with a comprehensive understanding of the currentkey trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research companyis assisted by a competent team of research analysts who provide usefulanalytics and data on technological and economic developments. Our deemedanalysts make industrial visits and collect valuable information frominfluential market players. Our main goal is to keep our clients informed ofnew opportunities and challenges in various markets. We offer step-by-stepassistance to our valued clients through strategic and consulting services toreach managerial and actionable decisions.
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