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Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Automotive Robotics Market (2021 to 2028) - Growing Demand for Collaborative Robots Presents Opportunities - ResearchAndMarkets.com

October 5, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Oct 5, 2021--

The “Global Automotive Robotics Market 2021-2028” report has been added to ResearchAndMarkets.com’s offering.

This report on the global automotive robotics market estimates the industry to grow with a CAGR of 11.63% in the forecast years from 2021 to 2028.

Companies Mentioned

  • Abb Ltd
  • Comau Spa
  • Denso Wave Incorporated
  • Durr AG
  • Fanuc Corporation
  • Harmonic Drive AG
  • Honda Motor Company
  • Kawasaki Robotics Inc
  • Kuka AG
  • Nachi Fujikoshi Corporation
  • Omron Corporation
  • Seiko Epson Corporation
  • Universal Robots As
  • Yamaha Robotics
  • Yasakawa Electric Corporation

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Factors such as the need for more safety features at workplace and a rapid shift towards automation & robotics in automobiles are primarily driving the growth of this market. Autonomous mobile robots can be easily integrated into the workspace to work collaboratively with humans, thus creating an optimal working environment. Whereas, in automobiles, automation has proven to be a boon as it takes over the dangerous work. This enables consistent quality, while increasing the production rate.

On the other hand, the high prices of industrial robots and a lack of skilled personnel to operate them are creating hurdles in the growth path. However, with the increasing demand, a rise in automobile production is expected. This will create multiple opportunities for growth in the near future.

The global market for automotive robotics covers the regions of the Middle East and Africa, Europe, Latin America, North America, and the Asia-Pacific.

The Asia-Pacific is estimated to showcase the fastest development rate in the global market over the forecast period. This growth is being supported by the presence of countries like China, India, South Korea, and Taiwan evolving as the leaders in the APAC. Also, leading vendors, such as KUKA and ABB, are instituting the APAC as their operating base.

Further, supportive government regulations and funding have empowered projects to develop the infrastructure here. These factors have made the Asia-Pacific a favored hub for automotive manufacturing, which is expected to drive the growth of its automotive robotics market.

Key Topics Covered:

1. Global Automotive Robotics Market - Summary

2. Industry Outlook

2.1. Impact of Covid-19 on the Automotive Robotics Industry

2.2. Key Insights

2.2.1. Asia-Pacific Secures the Fastest-Growing Market Share

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2.2.2. Rising Need for Robots Majorly in Autonomous Intelligent Vehicles

2.2.3. Technological Trends

2.3. Porter’s Five Forces Analysis

2.4. Market Attractiveness Index

2.5. Vendor Scorecard

2.6. Key Impact Analysis

2.6.1. Number of Axes

2.6.2. Applications

2.6.3. Dimensions

2.7. Key Market Strategies

2.7.1. Product Launches

2.7.2. Contracts & Partnerships

2.7.3. Business Expansions & Divestitures

2.8. Market Drivers

2.8.1. Requirement for More Safety Features at Workplace

2.8.2. Rapid Shift Towards Automation & Robotics in Automobiles

2.9. Market Challenges

2.9.1. Upward Trend in Prices of Industrial Robots

2.9.2. Lack of Skilled Personnel

2.10. Market Opportunities

2.10.1. Rising Production of Automobiles Due to Increasing Demand

2.10.2. Growing Demand for Collaborative Robots

3. Global Automotive Robotics Market Outlook - by Type of Robot

3.1. Articulated Robots

3.2. Cartesian Robots

3.3. Cylindrical Robots

3.4. Scara Robots

3.5. Other Type of Robots (Polar/Spherical Robots)

4. Global Automotive Robotics Market Outlook - by Components

4.1. Controller

4.2. Robotic Arm

4.3. End Effector

4.4. Sensors

4.5. Drive

4.6. Other Components

5. Global Automotive Robotics Market Outlook - by End-Use

5.1. Assembly

5.2. Cutting & Milling

5.3. Material Handling

5.3.1. Agvs

5.3.2. Others

5.4. Welding

5.4.1. Arc

5.4.2. Spot

5.4.3. Laser

5.4.4. Other Welding

5.5. Painting

5.5.1. Coating

5.5.2. Dispensing

5.5.3. Sealing

5.5.4. Spraying

5.5.5. Polishing

5.6. Other End-Use

6. Global Automotive Robotics Market - Regional Outlook

7. Competitive Landscape

8. Research Methodology & Scope

For more information about this report visit https://www.researchandmarkets.com/r/egh9sz

View source version on businesswire.com:https://www.businesswire.com/news/home/20211005005888/en/

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KEYWORD:

INDUSTRY KEYWORD: GENERAL AUTOMOTIVE AUTOMOTIVE MANUFACTURING MANUFACTURING AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 10/05/2021 10:59 AM/DISC: 10/05/2021 10:59 AM

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