Automotive Robotics Market Set to Acquire 13.8% CAGR during the Forecast Period 2018 – 2025

Automotive Robotics Market Set to Acquire 13.8% CAGR during the Forecast Period 2018 – 2025

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global automotive robotics market size was estimated at USD 4,349.9 million in 2016. Industrial robots are majorly consumed by the automotive industry and it had a market share of 38% in 2015.

The global automotive robotics market is expected to reach USD 13.6 billion by 2025, according to a new report by Grand View Research, Inc. The increasing adaptation of automation and robotics within the automotive industry is a major factor expected to drive the market growth.

Industrial revolutions and initiatives taken by the government regarding automation of manufacturing sectors boost the sales of automotive robots. The governments are providing tax exemptions for R&D and providing tax cut which will reduce the cost of manufacturing and improve the manufacturing opportunities in the countries rather than going for offshore manufacturing.

Articulated robots are expected to grow over the forecast period due to their flexibility and various operations that can be performed by the six axes robots. It can be used for various applications such as welding, material handling, dispensing and material removal applications and the robot has a large work envelope. Articulated robots are growing at a CAGR of 14.4% over the forecast period.

The welding application segment holds the largest share of automotive robotics market in 2016 and is expected to reach over USD 5.0 billion by 2025. Robots are being employed in different aspects of the production line due to their large work envelope. Automotive manufacturers widely used robots for spot welding in vehicles.

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China automotive robotics market, by product, 2014 - 2025 (USD Million)

Further key findings from the report suggest:

  • The global automotive robotics market accounted for USD 4.34 billion in 2016 and is expected to grow at a CAGR of 13.9% from 2017 to 2025
  • Articulated robot emerged as the largest segment in 2016 and is estimated to generate revenue over USD 8.50 billion by 2025
  • The welding market for automotive robotics is estimated to reach over USD 5.0 billion by 2025
  • The Asia Pacific market is projected to witness substantial growth over the next decade owing to growing adoption of automation in the manufacturing sector. The regional market is expected to grow at a CAGR of 14.9% from 2017 to 2025.
  • Small and medium sized enterprises in Europe are also adopting automation due to the initiatives taken by European union to produce affordable, easy to install and modular robots. This initiative is anticipated to act useful to the SMEs in their manufacturing process and reduce the production time and labor costs. Several manufactures such as ABB and Kuka AG have launched robotic arms and collaborative robots for SMEs.
  • Key players include ABB Robotics, Fanuc Corporation, Denso Corporation, Kawasaki Heavy Industries, Ltd. and others dominated the market, accounting for a majority share of the overall market in 2016

North America automotive robotics market, by application, 2015 - 2025 (%)

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Key Topics Covered 

Chapter 1 Methodology and Scope
                 1.1. Research Methodology
                 1.2. Research Scope & Assumptions
                 1.3. List of Data Sources
Chapter 2 Executive Summary
Chapter 3 Market Snapshot
                 3.1. Automotive Robotics – Market snapshot & key buying criteria, 2014 – 2025
                 3.2. Global Automotive Robotics Market Estimates and Forecasts 2014 – 2025 (USD Million)
Chapter 4 Automotive Robotics Industry Outlook
                 4.1. Market Segmentation
                 4.2. Automotive Robotics – Market Size and Growth Prospects
                 4.3. Automotive Robotics – Value Chain Analysis
                 4.4. Market Dynamics
                     4.4.1. Market driver analysis
                Increasing investments for Automation
                Eliminating issue of rising labor cost
                     4.4.2. Market restraint analysis
                Lack of Skilled Labor
                High Capital Cost
                 4.5. Industry Analysis – Porter’s
                 4.6. Penetration & Growth Prospect Mapping
                 4.7. Automotive Robotics – Key Company Analysis, 2016
                 4.8. Automotive Robotics – PEST Analysis
Chapter 5 Automotive Robotics Market: Product Estimates & Trend Analysis
                 5.1. Automotive Robotics Market: Product Outlook Key Takeaways
                 5.2. Automotive Robotics Market: Product Movement Analysis
                 5.3. Articulated Robot Market Estimates and Forecasts 2014 – 2025 (USD Million)
                 5.4. Cartesian Robot Market Estimates and Forecasts 2014 – 2025 (USD Million)
                 5.5. Cylindrical Robot Market Estimates and Forecasts 2014 – 2025 (USD Million)
                 5.6. Polar/Spherical Robot Market Estimates and Forecasts 2014 – 2025 (USD Million)
                 5.7. SCARA Robot Market Estimates and Forecasts 2014 – 2025 (USD Million)……continue

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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