Automotive Robotics Market by Component (Controller, Robotic arm, End effector, Sensors, Drive, and Others), Type (Articulated, Cylindrical SCARA, Cartesian, and Others), and Application (Welding, Painting, Cutting, Material Handling, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027 , a latest intelligence report added by Report Ocean, predicts the industry’s performance for the upcoming years to help stakeholders in making the right decisions that can potentially garner strong returns. Further, the document provides comprehensive analysis of the key industry trends as well as the opportunities that will ensure an upward growth trajectory in the coming years. It also focuses on developing strategies for challenges faced by the industry. Moreover, an exhaustive discussion of the latest updates including the impact of COVID-19 pandemic is furnished in the study. Getcomplete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Automotive Robotics Market by Component, Type, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global automotive robotics market size was valued at $6.63 billion in 2019, and is projected to reach $13.60 billion by 2027, registering a CAGR of 12.8% from 2020 to 2027.
By region, Asia-Pacific dominated the market, followed by Europe, North America, and LAMEA in 2019. China dominated the Asia-Pacific automotive robotics market share in 2019, and Africa is anticipated to exhibit a remarkable growth during the forecast period.
Automotive companies are well known for adoption of new technologies in the manufacturing process and they are taking the lead by implementing automation systems. In addition, according to International Federation of Robotics (IFR), a non-profit organization to support robotics application, UK stands 22nd in the ranking in the world in terms of robot density. Moreover, even the density of robots on low, automotive manufacturers are in need of investment for adoption of robotics systems to boost the production, which in turn is anticipated to propel the automotive robotics market in coming years.
Leading automobile manufacturers are ordering industrial robotics systems for the manufacturing of new range of vehicles. For instance, on November 30, 2020, Volkswagen, a German automobile manufacturer announced to purchase digitally controlled industrial robots by KUKA, a German manufacturer of industrial robots. In addition, the industrial robots will be installed at the Volkswagen’s commercial vehicle factory at Hannover, Germany, and it will be responsible for planning, assembly, delivery, and commissioning of completely automated body shop system for the new all-electric ID. BUZZ.
According to report from French Association for Manufacturing Technologies (Symop), adoption of cobots, and industrial robots is increasing and grew by around 9% in the year 2019. In addition, this progress is largely due to the development of polyarticulated robots, which accounts for around 84% of the market. From the year 2014 to 2019, an increase of around 20% in robotics installation was observed per year in France, while the automotive application as leading user of the robotics market with share of around 30%. Advantages such as increased production, enhanced safety, high reliability, and others due to adoption of industrial robots in the automotive manufacturing plants is propelling the growth of market.
Adoption of industrial robots by various industries in this region is increasing with a remarkable growth rate, which in turn is anticipated to boost the automotive robotics market. According to National Association of Robotics Market Participants and International Robotics Federation, Russia has around five robots per 10,000 industrial employees, which is significantly low compared to global average. However, there is a plenty of scope for future scope of the automotive robotics market in this region as industrial robots are majorly used by the automotive application. Growing demand for automobile is this region is driving the growth of automotive robotics market, as robots can help the companies to boost the production rate to fulfill the increasing demand. In addition, incorporation of new manufacturing facilities with installed industrial robots is anticipated to propel the market.
Rise in automation in automotive industry and increase in accuracy, safety, and productivity are anticipated to drive the growth of the global automotive robotics market. In addition, reduction in labor cost in organizations is propelling the growth of the market. However, high cost of industrial robots hinders the growth of the market. Furthermore, factors such as incorporation of industry 4.0, is anticipated to provide remarkable opportunity for the expansion of the automotive robotics market during the forecast period.
COVID-19 impact analysis:
Deployment of industrial robots was already growing pre-COVID, across various industries and countries. However, post-COVID, number of factors has contributed to the rising deployment of industrial robots. In addition, factors such as higher risk of production disruptions, need to maintain social distancing in manufacturing plants, reduce human-to-product contact to contain the spread of virus are expected to boost the deployment of industrial robots in automotive industry.
Key Findings Of The Study
On the basis of component, the drive segment is anticipated to exhibit a remarkable growth during the forecast period.
On the basis of type, the articulated segment is the highest contributor to the global market, in terms of revenue.
On the basis of region, LAMEA is the fastest growing region, followed by North America, Europe, and Asia-Pacific.
The key players analyzed in this report are ABB, Comau, DENSO WAVE INCORPORATED, FANUC CORPORATION, Kawasaki Heavy Industries, Ltd., KUKA AG, NACHI-FUJIKOSHI CORP., Rockwell Automation, Inc., Seiko Epson Corporation, YASKAWA ELECTRIC CORPORATION, and others.
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
| covid-19 scenario | Market Behavior/ Level of Risk and Opportunity | End Industry Behavior/ Opportunity Assessment | Expected Industry Recovery Timeline | Business Impact Horizon |
| Opening of Economy by Q3 2020 | xx | xx | xx | xx |
| Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 | xx | xx | xx | xx |
Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in various segments and emerging territory.
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An overview of the regional landscape:
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Key Questions Answered in The Report:
- What will the Market growth rate?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the market opportunities and overview of the Market?
- What are sales, revenue, and price analysis of top manufacturers of Market?
- What are the Market opportunities and threats faced by the vendors in the global Market?
- What are sales, revenue, and price analysis by types and applications of Market?
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Key Points Covered in Automotive RoboticsMarket Report:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Automotive Robotics market
Chapter 2: Exclusive Summary – the basic information of the Automotive RoboticsMarket.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Automotive Robotics
Chapter 4: Presenting the Automotive Robotics Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying market size by Type, End User and Region
Chapter 6: Evaluating the leading manufacturers of the Automotive Roboticsmarket which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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Finally, Automotive Robotics Market is a valuable source of guidance for individuals and companies in decision framework.
……..and view more in complete table of Contents
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Data Sources & Methodology:
The primary sources involves the industry experts including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company’s Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.
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