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Automotive Robotics Market Trends

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.
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Automotive Robotics Market Analysis, Size, Growth 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 R&Ds 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 R&D 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
6.2.1 Company Overview
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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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About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and
consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in
the form of industry reports which help our clients obtain clarity about their business environment and enable
them to undertake strategic growth initiatives.
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