Automotive Robotics Market Analysis and Forecasts, 2016 to 2024

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Automotive Robotics Market Analysis, Market Size,
Regional Outlook, Growth, Trends and Forecasts to
2024 Hexa Research
The global Automotive Robotics Market is
expected to grow at a CAGR exceeding 11 over the
forecast period (2016 - 2024). The industry is
expected to surpass USD 16 billion by 2024
The global Automotive Robotics Market is
predicted to grow at a CAGR surpassing 11 over
the forecast period (2016-2024). The market is
likely to exceed USD 16 billion by 2024. Demand
for trucks, cars, buses, and off-road vehicles
will drive the industry. Growth in automotive
manufacturing will increase the demand for
automotive robots. Investment in new production
capacity of emerging markets could add to
market growth. Modernization in automobile
manufacturing can stand to benefit the market.
Improvements in technology, production capacity,
and sustainability are expected to augment
demand. Investments to enhance production
capacity in fledgling markets will also play a
key role. Greater need for precision quality
control stimulates the demand for automotive
robotics. The lack of skilled labor and
rising wages are the other market drivers.
However, high capital investment, uncertain
return on investment, and lack of skilled labor
for mechanical operations can inhibit industry
growth.
The global automotive robotics market is split
into applications, products, and regions.
Applications include automated guided vehicles
(AGVs), assembling, painting, welding, cutting,
and dispensing, among others. Robots are deployed
to find the minutest manufacturing differences in
handling activities. The robot-to-robot work
ensures quality and efficiency of the product.
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Painting of a vehicle is an integral part of its
manufacturing process. It calls for consistency
and precision throughout production. When used
for painting, automotive robots employ flow
meters. These reduce wastage and ensure that the
paint is evenly coated on the vehicle body.
Companies direct their RDs towards enhancing
productivity and reducing costs delivery time.
Furthermore, automotive robots perform tasks,
such as laser welding, machine loading, material
handling, packaging, parts leaning, palletizing,
pick place, polishing, sealing, spraying, and
welding. These applications can augment market
demand during the forecast period.
Based on products, the global market is
fragmented into Cartesian robots, articulated
robots, selective compliance assembly robot arm
(SCARA), and others. The articulated robots
segment is projected to register the highest CAGR
in the years to come. This segment will continue
to dominate the global market. Activities, such
as arc welding, de-assembling, cutting milling,
coating, grinding, gluing, spot welding, and
handling of metal casting drive the demand for
articulated robots. SCARA are primarily used for
inspection of finished products, assembly cells,
and tightening of screws.
Regions in the automotive robotics industry are
North America, Europe, Asia Pacific, and Rest of
the World (ROW). Asia Pacific is expected to
witness substantial growth owing to rapid
industrialization and rise in manufacturing
activities. The China market will expand
significantly because of government regulations
and the availability of funds supporting domestic
players. The country could exhibit high demand
for robotics from its manufacturing sector by the
end of 2017. Demand for automation in electronics
and automotive industries will fuel this region.
The U.S. automotive robotics industry will add to
the growth of the North America market. With
Germany contributing significantly to industry
growth, the Europe automotive robotics market is
expected to perform favorably.
Participants in the worldwide automotive robotics
industry are the ABB Group, KUKA AG, Yamaha
Robotics, and FANUC Corporation. These companies
focus immensely on RD to develop innovative
technology. They also partake in mergers
acquisitions to enhance their market shares.
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Table of Content of Automotive Robotics Market
1. Methodology Scope 1.1 Research
Methodology 1.2 Research Scope Assumptions 1.3
List of Data Sources
2. Executive Summary
2.1 Industry Summary of Automotive Robotics Market
3. Industry Outlook
3.1 Automotive Robotics Market Segmentation 3.2
Automotive Robotics Market Size and Growth
Prospects 3.3 Automotive Robotics Market
Dynamics 3.4 Key Opportunities Prioritized
3.5 Industry Analysis - Porter's
3.6 Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 Automotive Robotics Market share by
application, 2016 2024
5. Regional Outlook 5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa) 5.6 RoW (Rest of
the World)
6. Competitive Landscape 6.1 ABB Group
6.1.1 Company Overview 6.1.2 Revenue
Analysis 6.1.3 Product Benchmarking 6.1.4
Strategic Initiatives
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6.2 KUKA AG
6.2.1 Company Overview 6.2.2 Revenue
Analysis 6.2.3 Product Benchmarking 6.2.4
Strategic Initiatives 6.3 Yamaha Robotics
6.3.1 Company Overview 6.3.2 Revenue
Analysis 6.3.3 Product Benchmarking 6.3.4
Strategic Initiatives 6.4 FANUC Corporation 6.4.1
Company Overview 6.4.2 Revenue Analysis 6.4.3
Product Benchmarking 6.4.4 Strategic Initiatives
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