Global Automotive Robotics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Automotive Robotics Market Overview:

“The global Automotive Robotics Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive robotics market report has been segmented on the basis of product type, component, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Robots that are deployed in automotive manufacturing plants for various applications such as material handling, welding, etc. are called as automotive robots.

Increasing production of vehicles coupled increasing demand for robotic systems from automotive sector are major factors driving growth of the global automotive robotics market. High cost of automotive robotics systems is a major factor hampering growth global automotive robotics market.

The Asia Pacific market accounts for highest share in the global automotive robotics market in terms of revenue and is expected to maintain its dominance over the forecast period. The market in Asia Pacific is expected to witness highest growth in terms of revenue during the forecast period. Presence of major automotive robotic system manufacturers in countries in this region is major factor driving Asia Pacific automotive robotics market.

The Europe market accounts for significant share in terms of revenue in the global market, owing to presence of major automotive manufacturers in countries in this region. The Europe automotive robotics market is expected to witness significant growth and is expected to register a CAGR of X.X% over the forecast period. The North America automotive robotics market is expected to witness moderate growth in terms of revenue in the global market and is projected to register a CAGR of XX.X% over the next 10 years.

Global automotive robotics market segmentation:

Segmentation on the basis of product type:

• Articulated robots
• Cartesian robots
• Cylindrical robots
• Polar/Spherical robots
• SCARA robots

Segmentation on the basis of component:

• Controller
• Robotics Arm
• End Effector
• Drive
• Sensor

Segmentation on the basis of application:

• Material handling
• Assembly/Disassembly
• Welding
• Painting
• Cutting

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa