Global Automotive Robotics Market Expected To Reach About USD 20.60 Billion by 2032

As per the researchers at Zion Market Research,the global Automotive Robotics Market was valued at USD 8.54 Billion in 2023 and is projected to hit USD 20.60 Billion by 2032, with a compound annual growth rate (CAGR) of 10.28% during the forecast period 2024-2032. Few of the prominent players within the global automotive robotics market consist of Kuka AG, Yaskawa Electric Corporation, Nachi-Fujikoshi Corp., ABB Ltd., Rockwell Automation Inc., Seiko Epson Corporation, Denso Wave Incorporated, Comau SPA, Fanuc Corporation, and Kawasaki Heavy Industries, among others.

Increasing Need To Boost Productivity Expected To Propel Global Market Growth

The global automotive robotics market is yet in its developing phase. The increasing requirement to boost productivity and improve the work environment by decreasing industrial mishaps and enhancing worker safety is expected to propel the growth of the global automotive robotics market during the forecast period. The market is anticipated to register a substantial expansion rate mainly on account of the increasing technology R&D and a drive for sustainable production procedure together with the requirement to decrease operation prices within an automobile production plant. Furthermore, the rising spending in automated production facilities and elevated expenditure in budding markets is projected to drive the global market expansion.

Asia Pacific Is Projected To Dominate The Global Automotive Robotics Market During The Forecast Period

The automotive manufacturing segment has been witnessing considerable expansion within the industrial automation domain surfacing as an exemplar for the other industries by displaying how automation should be used to increase the value chain and attain zero-defects manufacturing. In addition, robotics have been always adopted by the automotive industry earlier than others for applications, such as glue dispensing, painting, welding, and so on. Nevertheless, there are a number of robotic applications accessible to select from in the industry.

The Americans are purchasing cars that increase the manufacture in the automotive domain in countries, like the US and Canada, in addition to North America, which is among the hub of automobile manufacturing firms, because of which North America is a prominent region within the automotive robotics market. Nonetheless, Asia Pacific is projected to be the rapidly developing region, with nations, such as China, India, South Korea, and Taiwan budding as the leaders within this region. Also, this region is being established as an operation base by prominent vendors, like KUKA and ABB. In addition, government funds and regulations have enabled projects to enhance the infrastructure, thus making the Asia Pacific the preferential automotive manufacturing hub further boosting the growth of the regional automotive robotics market.

Browse the full “Global Automotive Robotics Market - By Component Type (Controller, Robotic Arm, Automotive Robotic Drive, End Effector, And Automotive Robotic Sensors), By End-User Type (Automotive Component Manufacturers And Vehicle Manufacturers), By Function Type (Painting Robot, Welding Robot, Cutting, Milling Robot, And Assembling & Disassembling Robot), By Product Type (SCARA Robots, Cartesian Robots, Cylindrical Robots, Articulated Robots, And Others), and By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/automotive-robotics-market

The global automotive robotics market is segmented as follows:

By Product Type

• Articulated Robots
• Cylindrical Robots
• Cartesian Robots
• SCARA Robots
• Others

By Component Type

• Controllers
• End Effector
• Robotic Arm
• Automotive Robotic Sensor
• Automotive Robotics Drive

By Function Type

• Welding Robot
• Painting Robot
• Assembling and Disassembling Robot
• Cutting
• Milling Robot

By End-User

• Automotive Component Manufacturers
• Vehicle Manufacturers

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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