Global Automotive Robotics Market (2022 to 2030) – Opportunity Analysis and Industry Forecasts – Yahoo Finance

Dublin, Feb. 07, 2022 (GLOBE NEWSWIRE) -- The "Automotive Robotics Market by Type, Component, and Application - Global Opportunity Analysis and Industry Forecast 2022-2030" report has been added to ResearchAndMarkets.com's offering.

The Automotive Robotics Market size was valued at USD 6.60 billion in 2021 and is predicted to reach USD 18.00 billion by 2030 with a CAGR of 12.0% from 2022-2030.

In the beginning, robots were used to accomplish simple tasks like pick and place. Since they had no external sensing, they could only help in tedious, repetitive, arduous, and dangerous tasks. However, with the integration of different sensors, they have evolved to handle complex applications such as grinding, welding, assembly and deburring. Robots have been used in the automotive industry for many years. They assist in all major manufacturing phases starting from material handling to process operations and assembly. Automotive robots not only increase the productivity in manufacturing facilities but also minimizes the wastage of raw materials. They are also cost-effective and can complete the given task much faster than their human counterparts with higher precision.

Market Dynamics and Trends:

Rising demand for automobiles all over the globe due to the increasing per capita income is fuelling the growth of automotive robotics market. Robots play a vital role in automotive industry. For instance, autonomous intelligent vehicles (AIVs) or mobile robots are used to transfer components and materials safely from one place to another. Also, the use of articulated robots has been significantly increased in the automotive industry due to their flexibility, cost-effectiveness, and ability to perform various operations.

Moreover, rising investments in the automotive industry to build new production facilities and ramp up production through modernization of the existing facilities, leads to greater adoption of robots. Furthermore, aggressive R&D is undergoing to enhance the capability of robots and to promote sustainable production processes, which in turn is expected to favour the growth of automotive robotics in the coming years.

However, high initial investment and maintenance cost may restrain the automotive robotics market growth to some extent. On the other hand, greater penetration of smart devices, use of wireless and cloud technologies in automotive robotics will provide ample growth opportunities for the market players in the coming years.

Market Segmentations and Scope of the Study:

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The automotive robotics market is segmented based on type, component, application, and geography. On the basis of type, the market is divided into SCARA Modular Robots, Articulated Modular Robots, Collaborative Modular Robots, Cartesian Modular Robots, Parallel Modular Robots, and Others. Based on component, the market is segmented into Hardware, Software and Services. On the basis of application, the market is divided into Material Handling, Assembly and Diassembly, Welding, Painting, Cutting, Pick & Place and Others. Based on geography, the market is divided into North America, Europe, Asia-Pacific, and the RoW.

Geographical Analysis:

North America holds the lion share of automotive robotics market and is expected to continue this trend throughout the forecast period. This is attributed to factors such as rapid urbanization and significant economic growth in countries like Canada and the U.S. To meet the high vehicle demand in this region, automotive manufacturers are using automation and robotics in vehicle production, which in turn is driving the growth of automotive robotics in North America.

However, Asia-Pacific is expected to witness a steady growth in automotive robotics market. This region is home to countries such as China, Japan, South Korea, and India among others, where majority of the world's manufacturing plants are situated. For instance, leading automobile players such as Toyota, Hyundai, BYD auto and TATA Motors have their production units in this region. Also, favourable government policies and funds to encourage manufacturing sector make Asia-Pacific region a favourable automotive manufacturing centre and thereby favours the growth of automotive robots' market in this region.

Competitive Landscape:

The key players in the automotive robotics market include Seiko Epson Corporation, KUKA AG, Kawasaki Heavy Industries, ABB, FANUC Corporation, Yaskawa Electric Corporation, Denso Wave Incorporated, Nachi-Fujikoshi Corp., Rockwell Automation, Inc., Comau SPA, and Others. Strategic alliances, acquisitions and innovations along with R&D are key strategies used by market players to maintain market dominance.

Key Topics Covered:

1. Introduction

2. Market Snapshot, 2019-2030 Million Usd

3. Porter's Five Force Model Analysis

4. Market Dynamics4.1. Growth Drivers4.1.1 Driver 14.1.2 Driver 24.1.3 Driver 34.1.4 Driver 44.2. Challenges4.2.1 Challenge 14.2.2 Challenge 24.3. Opportunities4.3.1 Opportunity 14.3.2 Opportunity 2

5. Global Automotive Robotics Market, by Type5.1. Overview5.2. Scara Modular Robots5.2.1 Scara Modular Robots Market, by Region5.2.1.1 North America Scara Modular Robots Market, by Country5.2.1.2 Europe Scara Modular Robots Market, by Country5.2.1.3 Asia-Pacific Scara Modular Robots Market, by Country5.2.1.4 Rest of World Scara Modular Robots Market, by Country5.3. Articulated Modular Robots5.3.1 Articulated Modular Robots Market, by Region5.3.1.1 North America Articulated Modular Robots Market, by Country5.3.1.2 Europe Articulated Modular Robots Market, by Country5.3.1.3 Asia-Pacific Articulated Modular Robots Market, by Country5.3.1.4 Rest of World Articulated Modular Robots Market, by Country5.4. Collaborative Modular Robots5.4.1 Collaborative Modular Robots Market, by Region5.4.1.1 North America Collaborative Modular Robots Market, by Country5.4.1.2 Europe Collaborative Modular Robots Market, by Country5.4.1.3 Asia-Pacific Collaborative Modular Robots Market, by Country5.4.1.4 Rest of World Collaborative Modular Robots Market, by Country5.5. Cartesian Modular Robots5.5.1 Cartesian Modular Robots Market, by Region5.5.1.1 North America Cartesian Modular Robots Market, by Country5.5.1.2 Europe Cartesian Modular Robots Market, by Country5.5.1.3 Asia-Pacific Cartesian Modular Robots Market, by Country5.5.1.4 Rest of World Cartesian Modular Robots Market, by Country5.6. Parallel Modular Robots5.6.1 Parallel Modular Robots Market, by Region5.6.1.1 North America Parallel Modular Robots Market, by Country5.6.1.2 Europe Parallel Modular Robots Market, by Country5.6.1.3 Asia-Pacific Parallel Modular Robots Market, by Country5.6.1.4 Rest of World Parallel Modular Robots Market, by Country5.7. Others (Spherical and Cylindrical)5.7.1 Others (Spherical and Cylindrical) Market, by Region5.7.1.1 North America Others (Spherical and Cylindrical) Market, by Country5.7.1.2 Europe Others (Spherical and Cylindrical) Market, by Country5.7.1.3 Asia-Pacific Others (Spherical and Cylindrical) Market, by Country5.7.1.4 Rest of World Others (Spherical and Cylindrical) Market, by Country

6. Global Automotive Robotics Market, by Component6.1. Overview6.2. Hardware6.2.1 Hardware Market, by Region6.2.1.1 North America Hardware Market, by Country6.2.1.2 Europe Hardware Market, by Country6.2.1.3 Asia-Pacific Hardware Market, by Country6.2.1.4 Rest of World Hardware Market, by Country6.3. Software6.3.1 Software Market, by Region6.3.1.1 North America Software Market, by Country6.3.1.2 Europe Software Market, by Country6.3.1.3 Asia-Pacific Software Market, by Country6.3.1.4 Rest of World Software Market, by Country6.4. Services6.4.1 Services Market, by Region6.4.1.1 North America Services Market, by Country6.4.1.2 Europe Services Market, by Country6.4.1.3 Asia-Pacific Services Market, by Country6.4.1.4 Rest of World Services Market, by Country

7. Global Automotive Robotics Market, by Application7.1. Overview7.2. Material Handling7.2.1 Material Handling Market, by Region7.2.1.1 North America Material Handling Market, by Country7.2.1.2 Europe Material Handling Market, by Country7.2.1.3 Asia-Pacific Material Handling Market, by Country7.2.1.4 Rest of World Material Handling Market, by Country7.3. Assembly/Disassembly7.3.1 Assembly/Disassembly Market, by Region7.3.1.1 North America Assembly/Disassembly Market, by Country7.3.1.2 Europe Assembly/Disassembly Market, by Country7.3.1.3 Asia-Pacific Assembly/Disassembly Market, by Country7.3.1.4 Rest of World Assembly/Disassembly Market, by Country7.4. Welding7.4.1 Welding Market, by Region7.4.1.1 North America Welding Market, by Country7.4.1.2 Europe Welding Market, by Country7.4.1.3 Asia-Pacific Welding Market, by Country7.4.1.4 Rest of World Welding Market, by Country7.5. Painting7.5.1 Painting Market, by Region7.5.1.1 North America Painting Market, by Country7.5.1.2 Europe Painting Market, by Country7.5.1.3 Asia-Pacific Painting Market, by Country7.5.1.4 Rest of World Painting Market, by Country7.6. Cutting7.6.1 Cutting Market, by Region7.6.1.1 North America Cutting Market, by Country7.6.1.2 Europe Cutting Market, by Country7.6.1.3 Asia-Pacific Cutting Market, by Country7.6.1.4 Rest of World Cutting Market, by Country7.7. Pick & Place7.7.1 Pick & Place Market, by Region7.7.1.1 North America Pick & Place Market, by Country7.7.1.2 Europe Pick & Place Market, by Country7.7.1.3 Asia-Pacific Pick & Place Market, by Country7.7.1.4 Rest of World Pick & Place Market, by Country7.8. Others7.8.1 Others Market, by Region7.8.1.1 North America Others Market, by Country7.8.1.2 Europe Others Market, by Country7.8.1.3 Asia-Pacific Others Market, by Country7.8.1.4 Rest of World Others Market, by Country

8. Global Automotive Robotics Market, by Region

9. Company Profiles9.1. Seiko Epson Corporation9.1.1 Company Overview9.1.2 Company Snapshot9.1.3 Operating Business Segments9.1.4 Product Portfolio9.1.5 Business Performance9.1.6 Key Strategic Moves and Development9.2. Kuka AG9.2.1 Company Overview9.2.2 Company Snapshot9.2.3 Operating Business Segments9.2.4 Product Portfolio9.2.5 Business Performance9.2.6 Key Strategic Moves and Development9.3. Kawasaki Heavy Industries9.3.1 Company Overview9.3.2 Company Snapshot9.3.3 Operating Business Segments9.3.4 Product Portfolio9.3.5 Business Performance9.3.6 Key Strategic Moves and Development9.4. Abb9.4.1 Company Overview9.4.2 Company Snapshot9.4.3 Operating Business Segments9.4.4 Product Portfolio9.4.5 Business Performance9.4.6 Key Strategic Moves and Development9.5. Fanuc Corporation9.5.1 Company Overview9.5.2 Company Snapshot9.5.3 Operating Business Segments9.5.4 Product Portfolio9.5.5 Business Performance9.5.6 Key Strategic Moves and Development9.6. Yaskawa Electric Corporation9.6.1 Company Overview9.6.2 Company Snapshot9.6.3 Operating Business Segments9.6.4 Product Portfolio9.6.5 Business Performance9.6.6 Key Strategic Moves and Development9.7. Denso Wave Incorporated9.7.1 Company Overview9.7.2 Company Snapshot9.7.3 Operating Business Segments9.7.4 Product Portfolio9.7.5 Business Performance9.7.6 Key Strategic Moves and Development9.8. Nachi-Fujikoshi Corp.9.8.1 Company Overview9.8.2 Company Snapshot9.8.3 Operating Business Segments9.8.4 Product Portfolio9.8.5 Business Performance9.8.6 Key Strategic Moves and Development9.9. Rockwell Automation, Inc.9.9.1 Company Overview9.9.2 Company Snapshot9.9.3 Operating Business Segments9.9.4 Product Portfolio9.9.5 Business Performance9.9.6 Key Strategic Moves and Development9.10. Comau Spa9.10.1 Company Overview9.10.2 Company Snapshot9.10.3 Operating Business Segments9.10.4 Product Portfolio9.10.5 Business Performance9.10.6 Key Strategic Moves and Development

For more information about this report visit https://www.researchandmarkets.com/r/xyg12z

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Global Automotive Robotics Market (2022 to 2030) - Opportunity Analysis and Industry Forecasts - Yahoo Finance