Automotive Robotics Market Outlook 2031:
The automotive robotics market size was valued at USD 9.52 Billion in 2022 and is projected to reach USD 28.15 Billion by 2031, expanding at a CAGR of 12.8% during the forecast period 2023 - 2031. Growth of the market is attributed to rising need for alternative source for unskilled labor, increasing per capita income, and rising demand for automobile all over globe.
A robotics is the branch of engineering and science that include computer science, electrical, mechanical, and other engineering branch. Robotics achieves the construction, operation, designing, and utilization of robot. These technological developments are used to build machines that can replace labors. These robots are used in different functions which are widely divided as household and commercial.
The covid-19 pandemic affected the demand and supply of the automotive robotics market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Automotive Robotics Market trends, drivers, restraints, and opportunities
- Increasing adaption of robotics and automation within automotive industry is projected to boost the market in the coming years.
- Emerging need for saving launch time is the major the factors fueling the market during the forecast period.
- High cost of industrial robots is anticipated to hamper the market expansion in the coming years.
- Lack of skilled labors is projected to restrict the market growth in the coming years.
- R&D investment and technological advancement in automotive robotics market is projected to offer lucrative opportunities for the market players.
Scope of the Automotive Robotics Market report
The report on the automotive robotics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Automotive Robotics Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016-2021
|
|
Forecast Period
|
2023-2031
|
|
Segmentation
|
End-user Types [Automotive Component Manufacturers and Vehicle Manufacturers], Component Types [Drive and Sensors, Controller, Robotic Arm, and End effector], Product Types [Articulated Robot, Cartesian Robots, SCARA Robots, and Other Product Types], Function Types [Painting Robot, Assembling and Disassembling Robot, Cutting and Milling Robot, and Welding Robot]
|
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East and Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players covered in the Report
|
Nachi-Fujikoshi Corp., Kawasaki Robotics, ABB, Yaskawa Electric, FANUC, Omron Adept Robotics, Honda Motor Co., Ltd., KUKA Robotics, Harmonic Drive System, RobCo S.W.A.T. Ltd., Yamaha Robotics, Siasun Robot & Automation Co., Ltd., Rockwell Automation, Inc., and Panasonic Welding Systems Co. Ltd.
|
Automotive Robotics Market Segment Insights
The robotic arm segment accounts for a key share of the market
Based on component types, the automotive robotics market is segregated into drive and sensors, controller, robotic arm, and end-effector. The robotic arm segment is expected to grow at a rapid pace during the forecast period. Growth of the market is attributed to rapidly expanding industrial sector and rising demand for vehicle production.
However, the end-effector segment is anticipated to expand at a rapid pace during the forecast period due to factors such as reduced application cost, increased concern for labor safety, and rising need to increase productivity.
The articulated robot segment accounts for a significant share of the market
On the basis of product types, the automotive robotics market is segmented into articulated robot, Cartesian robot, SCARA robots, and other product types. The articulated robot segment accounts for a significant share of the market. Growth of the market is attributed to reduced manufacturing and production errors and increasing technological research.
The Cartesian robot segment are anticipated to expand at a rapid pace during the forecast period due to factors such as rising need for accident-free environment, rapid development in advanced technologies, and less wastage of raw material.
The welding robot segment accounts for a major share of the market
Based on function types, the automotive robotics market is divided into painting robot, assembling and disassembling robot, cutting and milling robot, and welding robot. The welding robot segment accounts for a major share of the market. Growth of the market is attributed to increasing demand for automated solutions and high investment in emerging market.
The cutting and milling robot segment are anticipated to expand at a rapid pace during the forecast period due to factors such as improved operational flexibility and quality and wage inflation.
The automotive component manufacturers segment is projected to hold a major market share
Based on end-user types, the automotive robotics market is bifurcated into automotive component manufacturers and vehicle manufacturers. The automotive segment is estimated to expand at a rapid pace during the forecast period.
The automotive sector includes a broad range of organizations and manufactures involved in development, marketing, design, and selling of automobiles. By revenue, the automotive industry is a major industry in the world.
The market in Asia Pacific is estimated to hold major market share
On the basis of region, the automotive robotics market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. The market of North America is anticipated to expand at a high CAGR during the forecast period due to rising encouragement by government organizations for adaptation of robotic technologies across region and increasing demand for quality control.
The market of Asia Pacific is expected to hold major market share due to increasing per capita income, rising demand for robotics in automotive industry, and increased investment in production capacity.
Segments
The automotive robotics market has been segmented on the basis of
End-user Types
- Automotive Component Manufacturers
- Vehicle Manufacturers
Component Types
- Drive and Sensors
- Controller
- Robotic Arm
- End effector
Product Types
- Articulated Robot
- Cartesian Robots
- SCARA Robots
- Other Product Types
Function Types
- Painting Robot
- Assembling and Disassembling Robot
- Cutting and Milling Robot
- Welding Robot
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East and Africa
Key Players
- Nachi-Fujikoshi Corp.
- Kawasaki Robotics
- ABB
- Yaskawa Electric
- FANUC
- Omron Adept Robotics
- Honda Motor Co., Ltd.
- KUKA Robotics
- Harmonic Drive System
- RobCo S.W.A.T. Ltd.
- Yamaha Robotics
- Siasun Robot & Automation Co., Ltd.
- Rockwell Automation, Inc.
- Panasonic Welding Systems Co. Ltd.
Competitive Landscape
Key players competing in the automotive robotics market include Nachi-Fujikoshi Corp., Kawasaki Robotics, ABB, Yaskawa Electric, FANUC, Omron Adept Robotics, Honda Motor Co., Ltd., KUKA Robotics, Harmonic Drive System, RobCo S.W.A.T. Ltd., Yamaha Robotics, Siasun Robot & Automation Co., Ltd., Rockwell Automation, Inc., and Panasonic Welding Systems Co. Ltd.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares.
Request For Customization
Enquiry Before Buying
Speak With Analyst
