Market Research Future (MRFR) has published on the “Global Assembly Automation Market”.
The Assembly Automation market is estimated to register a CAGR of 13.30% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Assembly Automation market— ABB Ltd., FANUC Corporation, KUKA AG, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Siemens AG, Yaskawa Electric Corporation, ATS Automation Tooling Systems Inc., Universal Robots, Parker Hannifin Corporation, and Others.
Market Highlights
The global Assembly Automation market is accounted to register a CAGR of 13.30% during the forecast period and is estimated to reach USD 143.37 billion by 2032.
The Assembly Automation market is experiencing growth due to several factors. Industries are increasingly adopting automation to improve productivity, reduce labor costs, and enhance product quality. Technological advancements, such as robotics and AI, are making automation more efficient and cost-effective. Moreover, the demand for customized products and faster time-to-market drives the need for flexible automation solutions. Additionally, the COVID-19 pandemic has accelerated the adoption of automation to ensure business continuity and adapt to changing market dynamics.
Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Assembly Automation Market Growth
Segment Analysis
The global Assembly Automation market has been segmented based on Type and End-Use.
Based on Type, the market is segmented into Bifurcated Central Control System, Robot Automation Equipment, and Others. The Bifurcated Central Control System Type dominated the Assembly Automation market in 2023 due to its ability to efficiently manage and coordinate complex assembly processes. This system offers centralized control over multiple assembly lines, ensuring synchronized operation and optimal efficiency, which appeals to industries seeking streamlined and scalable automation solutions for large-scale manufacturing operations.
Based on End-Use, the global Assembly Automation market has been segmented into Automotive, 3C Industry, and Others. The Automotive End-Use segment led the Assembly Automation market in 2023 due to the automotive industry's extensive adoption of automation for manufacturing processes. Automation enhances efficiency, reduces costs, and ensures precision in assembly tasks, aligning with the automotive sector's need for high-volume production, stringent quality standards, and continuous innovation.
Regional Analysis
The global Assembly Automation market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Assembly Automation market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Assembly Automation market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Assembly Automation market comprises the Middle East, Africa, and Latin America.
North America leads the Assembly Automation market due to its advanced manufacturing ecosystem, strong R&D capabilities, and high adoption of automation across industries like automotive, electronics, and aerospace. Key factors driving this dominance include a robust regulatory framework, technological innovation, and substantial investments in automation infrastructure. Additionally, the region benefits from a skilled workforce and strategic partnerships between industry players and research institutions.
Europe secures the second largest share in the Assembly Automation market owing to its robust industrial base, emphasis on technological innovation, and stringent quality standards. The region's automotive, electronics, and machinery sectors heavily invest in automation to enhance productivity and maintain competitiveness. Additionally, government support for research and development, coupled with favorable policies promoting automation adoption, further drives market growth in Europe.
Asia Pacific experiences the highest Compound Annual Growth Rate (CAGR) in the Assembly Automation market due to rapid industrialization, expanding manufacturing activities, and increasing adoption of automation technologies. The region's burgeoning automotive, electronics, and consumer goods industries drive demand for assembly automation solutions to improve efficiency and meet growing production demands. Additionally, investments in infrastructure and government initiatives further stimulate market growth in Asia Pacific.
Furthermore, the rest of the world's Assembly Automation market is divided into the Middle East, Africa, and Latin America. The rest of the world is experiencing growth in the Assembly Automation market due to expanding industrialization, particularly in regions like Latin America, the Middle East, and Africa. Increasing investments in manufacturing sectors and rising demand for automation to improve productivity and enhance product quality are driving market growth in these regions.
Key Findings of the Study
- The global Assembly Automation market is expected to reach USD 143.37 billion by 2032, at a CAGR of 13.30% during the forecast period.
- The Asia Pacific region is experiencing the fastest growth in the Assembly Automation market due to rapid industrialization, expanding manufacturing activities, increasing adoption of automation technologies, and supportive government initiatives promoting industrial automation and innovation.
- Based on Type, the Bifurcated Central Control System segment was attributed to holding the largest market in 2023.
- ABB Ltd., FANUC Corporation, KUKA AG, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Siemens AG, Yaskawa Electric Corporation, ATS Automation Tooling Systems Inc., Universal Robots, and Parker Hannifin Corporation are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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