Automotive Robotics Market Analysis, Changing Business Scenario, and Top Key Players by 2029 | Denso Wave,KUKA,FANUC,ABB
The latest Automotive Robotics Market” report focuses on significant research methodology which provides a 360-degree overview of the competitive landscape of the industries. This report provides thorough information based on market size, growth elements, business outline with development, historical and futuristic cost analysis, demand, and sales revenue. The Automotive Robotics market also analyzes future trends and forecasts, the market assessing the strategies of the key players in terms of strengths, Weaknesses, Opportunities, and Threats. The report aims to offer a comprehensive SWOT analysis with the market penetration of products and services. The report is intended to help readers make an accurate assessment of the present and future Automotive Robotics market scenarios. Further, mergers and acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.
The Global Automotive Robotics Market is expected to grow with a CAGR of 12.9% from 2023 to 2029.
The Top Key Players covered in the report are:
The Automotive Robotics market report covers an extensive analysis of the key market players along with their business overview, expansion plans, and strategies. Further, mergers and acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.
Denso Wave,KUKA,FANUC,ABB,Kawasaki Heavy Industries,Yaskawa Electric,Nachi-Fujikoshi,Seiko Epson,COMAU,Rockwell Automation
KEY INDUSTRY DEVELOPMENTS:
November 2020 – KUKA AG received a major order from Volkswagen Commercial Vehicles for body-in-white production of the ID.BUZZ. KUKA is responsible for commissioning, assembling, delivering, and planning a fully automated body shop system for the underbody of the all-electric ID. BUZZ.
April 2020 – KUKA AG and BMW AG signed a framework agreement to supply around 5,000 robots for new production lines and factories. The several robot models from KUKA AG will be used predominantly in body-in-white production and other technologies.
The Automotive Robotics market research report fully covers the major statistics of production, value, profitability, capacity, supply/demand ratio, volume, and much more. The best possible updated information is showcased in figures, pie charts, tables, and graphs. These statistical representations offer predictive information regarding the upcoming estimations for convincing the growth of the market.
Market Segment Analysis:
The Automotive Robotics Market Report provides a preliminary review of the industry, definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed, and manufacturing strategies and fee systems are also analyzed.
Industrial robotics market Dynamics
Drivers: Rising demand for collaborative robots across industries
Cobots are becoming more affordable and easier to program for novice users. For instance, Universal Robots (Denmark) provides the UR+ platform to enable users to program the robot and use various robot end effectors, vision systems, and add-on software from other manufacturers, including Robotiq (Canada), Schunk (Germany), PIAB (Germany), OnRobot (Denmark), Cognex (US), and Energid (US). The peripherals and software offered by these companies are UR+ certified to minimize compatibility issues with the robots manufactured by Universal Robots (Denmark). Enterprises of all sizes and are adopting collaborative robots for new and existing applications. For instance, BMW (Germany) has deployed a UR10 robot from Universal Robots for gluing and other dispensing applications. These stronger, faster and more capable cobots will accelerate the company’s expansion in high-growth segments including electronics, healthcare, consumer goods, logistics and food and beverages, meeting the growing demand for automation across multiple industries.
Restraints: High cost of deployment for SMEs
A robotic automation project can be challenging, especially for companies with no prior experience. Replacing human workers may not always decrease the operational costs for an organization. A single collaborative robot system can cost anywhere from USD 3,000 to USD 100,000. The price of an industrial robotic system ranges from USD 15,000 to USD 150,000. The cost of industrial robots, coupled with integration costs and the cost of peripherals, such as end effectors and vision systems, makes automation a costly investment for SMEs, especially when they are engaged in low-volume production. The price issue is more severe for companies involved in seasonal or inconstant production schedules.
Automotive Robotics Market Segmentation by Types:
Articulated Robots
Cartesian Robots
Cylindrical Robots
SCARA Robots
Others
Automotive Robotics Market Segmentation by Applications:
Automotive Production
Automotive Maintenance and Repair
Workshop Assistant
Regional Analysis:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Asia Pacific held the largest automotive robotics market share and stood at USD 2.88 billion in 2020. Factors such as the aging worker population in China and rising labor costs are attributed to the increased adoption of robotics in automotive. For instance, in 2019, Byton, the Chinese electric vehicle manufacturer, opened a new manufacturing base in Nanjing that integrates 335 welding robots supplied by KUKA and a 99% automation rate. Hence, these factors are attributed to the exponential growth of the market in this region.
North America is anticipated to exhibit significant growth during the forecast period. According to the US Department of Labor Job Openings and Labor Turnover, as of January 2020, around 80% of manufacturers were struggling to fill over 400,000 open positions. However, manufacturers can now slowly address the shortage due to the advancement in automotive robotics solutions.
Major automakers in the U.S., such as Ford, Tesla, and General Motors, have invested extensively in automotive robotics. It not only increases worker productivity; it also offers better-paid and higher-skilled work to employees. For instance, according to the International Federation of Robotics, in the U.S., robots installed per 10,000 employees hit a new record of 1,287 units in 2020. Hence, these factors will propel the growth of the market in the region.
Europe is also expected to show considerable growth in the market. Significant post-pandemic supply chain realignment focusing on boosting domestic production across the auto manufacturing value chain will drive the demand for automotive robotics in this region.
Enquire before purchasing this report:
Important Features and Key Highlights of the Report:
– Detailed overview of the global Automotive Robotics market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Impregnated Automotive Robotics market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth in the market
– A neutral perspective toward Automotive Robotics market performance
– Market player’s information to sustain and enhance their footprint
Reasons for buying this report:
It offers an analysis of changing competitive scenarios.
For making informed decisions in businesses, it offers analytical data with strategic planning methodologies.
It offers a Six-year assessment of the Automotive Robotics market and helps to understand the major market segments.
Researchers throw light on the global dynamics of the market such as drivers, restraints, trends, and opportunities.
It offers a regional analysis of the Automotive Robotics Market along with the business profiles of several stakeholders with their market share.
It offers massive data about trending factors that will influence the growth/progress of the Market.
The Automotive Robotics Market report gives answers to the following:
- What are the recent trends in the regional market and how successful they are?
- What guidelines are followed by key performers to contest this Covid-19 condition?
- What are the important matters drivers, opportunities, challenges, and dangers of the market?
- How feasible is the Automotive Robotics Market for long-term investment?
- will face surviving?
- Which are the essential market players in the industry?
- What is the forecast compound annual growth rate (CAGR) of the global market for the duration of the forecast period (2023-2029)?
- What could be the anticipated value of the Automotive Robotics marketplace during the forecast period?
Customization:
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