Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The market CAGR for automotive robotics is increasing significantly due to the increasing need for automation in the automotive industry. The automobile industry is one of the main consumers of industrial robots, and demand for robotics in the industry has been gradually expanding over the years. The employment of robots in the automobile sector has various advantages, including better productivity, improved quality, and lower prices.
The growing demand for automation in the automobile sector has resulted in the creation of new technologies and products on the market. Automotive robotics providers provide a diverse range of products and services, including robotic welding, material handling, and assembly, among others.
For instance, ABB Group, a market leader in the automobile Robotics Market, provides a wide range of robotics solutions for the automobile industry. The company offers services such as robotic welding, painting, and material handling, among others. The company's goods and services are focused at offering an efficient and cost-effective solution to the automobile sector, which has led to their increasing market adoption.
Finally, the growing demand for automation in the automotive industry is propelling the growth of the Automotive Robots Market. The industry is witnessing the development of new technologies and products, which is projected to fuel market growth in the future.
The use of car production robots reduces part-to-part variability. Every cycle is highly reproducible and executed in the same manner since they are never distracted or weary. They do not touch or drop parts in a way that could cause damage. As a result, waste caused by human error is reduced, resulting in less variability in car assembly. Automotive robots, which are outfitted with vision systems, can even adjust planned trajectories to accommodate variances in arriving materials. As a result, there are fewer errors, improved customer satisfaction, and cheaper warranty costs. As a result, improvements in vehicle manufacturing quality will boost market growth.
Several vocations in the automobile industry are dangerous in nature. For example, while pouring molten metal in a foundry, there is an evident danger. Musculoskeletal diseases can be caused by twisting, lifting, and repeated actions in some jobs. These dangers can be mitigated with the assistance of robots. During automobile assembly, robots protect workers from pollutants from painting, welding, and stamping presses, as well as noise and weld flash. By decreasing worker exposure to such hazardous settings and dirty jobs, automotive robotics significantly reduces injury claims and accidents. As a result, these factors will fuel the expansion of the automotive robots industry.
The Automotive Robotics Market segmentation, based on Product Type includes SCARA Robot, Articulated Robot, and Cartesian Robot. During the projected period, the articulated robot category is expected to have the biggest market share. Articulated robots are made up of three rotary joints that mimic human hand movements and can be fixed or mobile depending on the situation. Spray painting, gas welding, arc welding, die casting, and material handling are all operations that can be performed by a robot with articulated joints. These robots, which are popular because to their endurance, can improve warehousing operations through increased speed and precision, increasing the market for articulated automotive robotics.
The Automotive Robotics Market segmentation, based on Type, includes Hardware, Software, and Service. The hardware category is one of the most important in the Automotive Robots Market. Sensors, controllers, actuators, and power supply units are examples of hardware components. These components are required for robot operation, and their demand is predicted to rise as robotics becomes more widely used in the automotive sector.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Automotive Robotics Market segmentation, based on application, includes Gripping, Stamping, Welding, Painting, Assembly, others. The welding segment accounted for the majority of the revenue in the Automotive Robots market. Robots are largely utilized in car manufacturing plants for operations such as painting and spot welding. Furthermore, there are new opportunities to increase productivity by deploying robots throughout the supply chain. Furthermore, because robots do not tire, manufacturing processes are steady throughout the day, and consistency is maintained at peak output rates.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Automotive Robots will dominate this market. The region has a well-developed infrastructure and a highly skilled workforce, which has helped market growth. Furthermore, the growing demand for automation in the automobile industry, combined with favourable government regulations, has fueled the market's rise in North America.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Automotive Robotics Market accounts for the second-largest market share because of the widespread use of automation and robotic technology to meet rising customer demand. Further, the German Robotic Automotive Market held the largest market share, and the UK Automotive Robotics Market was the fastest growing market in the European region
The Asia-Pacific Automotive Robotics Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of the growing demand for automation in the automobile industry, as well as the increasing usage of electric vehicles in nations. Moreover, China’s Robotic Automotive Market held the largest market share, and the Indian Automotive Robotics Market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Automotive Robots Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Automotive Roboticsindustry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Automotive Robots industry to benefit clients and increase the market sector. In recent years, the Automotive Robotics industry has offered some of the most significant advantages to medicine. Major players in the Automotive Robotics Market, including ABB Group, Comau SpA, Denso Wave Incorporated, Dürr AG, Fanuc Corporation, Harmonic Drive System, KUKA AG and others, are attempting to increase market demand by investing in research and development operations.
FANUC is a Japanese conglomerate that manufactures and sells automation equipment and services such as robotics and computer numerical control wireless systems. FANUC Corporation of Japan, Fanuc America Corporation of Rochester Hills, Michigan, USA, and FANUC Europe Corporation S.A. of Luxembourg are the main players. FANUC is the world's largest manufacturer of industrial robots. FANUC began as a division of Fujitsu, creating early numerical control (NC) and servo systems. FANUC is an abbreviation for Fuji Automatic NUmerical Control. In August 2020, M-10iD/16S is a new incredibly tiny robot from FANUC. This new robot is the smallest model in the M-10iD series. The M-10iD/16S robot is designed specifically for compact workstations; nevertheless, this extremely adaptable robot can also be used for top mount applications.
KUKA is a German maker of industrial robots and factory automation solutions. Midea Group, a Chinese conglomerate, owns more than 95% of the company. KUKA Systems GmbH, a KUKA business, is a supplier of technical services and automated production systems with around 3,900 workers in twelve countries. Plants and equipment from KUKA Systems are utilized by automobile manufacturers such as BMW, GM, Chrysler, Ford, Volvo, Volkswagen, Daimler AG, and Valmet automobile, as well as manufacturers from other industries such as Airbus, Astrium, and Siemens. In October 2020, Kuka unveiled a new SCARA robot line. The latest KR SCARA jointed-arm robots are dependable industrial production assistants that excel in applications such as tiny part assembly, materials handling, and inspection jobs. It is both ultra-compact and cost-effective.
May 2022,ABB Robotics unveiled the world's first robot-painted art vehicle. Paint-head technology provides remarkable precision and versatility, decreasing complexity while allowing for a more sustainable, economical means of painting.
April 2022,ABB Robotics has introduced an industry-leading, ground-breaking software solution to improve the speed and accuracy of electronics assembly.
March 2022,The CRX-5iA, CRX-20iA/L, and CRX-25iA collaborative robots are the latest additions to FANUC Corporation's famous CRX line, which already includes the CRX-10iA and CRX-10iA/L collaborative robots.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 4.6 Billion |
| Market Size 2024 | USD 5.091 Billion |
| Market Size 2032 | USD 10.4 Billion |
| Compound Annual Growth Rate (CAGR) | 9.34% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Type, Application and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | ABB Group, Comau SpA, Denso Wave Incorporated, Dürr AG, Fanuc Corporation, Harmonic Drive System, KUKA AG, Kawasaki Heavy Industries (Kawasaki Robotics), Nabtesco Motion Control, Inc., and Nachi-Fujikoshi Corp |
| Key Market Opportunities | It aids in the improvement of quality and operational flexibility. Reduce production and manufacturing errors Reduce raw material wastage. |
| To ensure high-quality output meeting market demand on time |
Automotive Robotics Market Highlights:
Frequently Asked Questions (FAQ) :
The Automotive Robotics Market size was valued at USD 4.2 Billion in 2022.
The market is projected to grow at a CAGR of 9.34% during the forecast period, 2024-2032.
North America had the largest share in the market
The key players in the market are ABB Group, Comau SpA, Denso Wave Incorporated, Dürr AG, Fanuc Corporation, Harmonic Drive System, KUKA AG.
The hardware category dominated the market in 2022.
The articulated had the largest share in the market.
Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
