The automotive robotics market is rapidly growing, driven by advancements in automation technologies, increased demand for vehicle production efficiency, and the adoption of robotics for manufacturing processes, including assembly, painting, and inspection.
Austin, Sept. 09, 2024 (GLOBE NEWSWIRE) — This spectacular growth in the automotive robotics market is stirred by an ever-increasing focus on enhancing production efficiency and rapid adoption of advanced manufacturing technologies. Thus, automotive robotics find their use in assemblies, welding, painting, and material handling, among other tasks, whose advantage in offering precision, consistency, and scalability in automotive manufacturing processes brings down production costs while improving product quality.
The Automotive Robotics Market Size will be approximately USD 27.81 billion by 2032 while growing at a CAGR of around 12.6% during the period 2024-2032. Contributions to the automotive robotics market are contributed by the Asia-Pacific region for about 50% of the share, which is expected to grow by 2032. The adoption of robotics in the region is sufficiently high; in countries such as China and Japan, this has been mainly due to their relatively high automotive production and supportive government policies for automation in manufacturing.
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Technology Advancements and Regulatory Support Drive the Asia-Pacific and U.S. Automotive Robotics Market
Increasing demand for precision and efficiency in manufacturing along with rising complexity in automotive designs-the right blend of factors-continue to drive growth in both the Asia-Pacific and U.S. automotive robotics marketplaces, supported by government initiatives to boost industrial automation. This can be said to have been closely associated with the usage of advanced robotics in automotive production, mainly to be able to stay competitive in the global market and meet the increased consumer demands for quality, and has been recording significant growth in the U.S. market.
By 2025, over 80% of automobile manufacturers will be integrating robotics into their production lines in the Asia-Pacific region, while the number will be 65% in the U.S. The driving factor is a demand for higher output and the impetus toward smart manufacturing.
By 2032, the welding segment will lead in the automotive robotics market and retain 30% of the market share.
This dominance arises because of the increasing demand for accuracy in welds, driven mainly by sophisticated automotive design and more strict standards related to safety. Automotive makers increasingly use robotic welding to ensure consistent quality and reduced production times.
Material handling is also expected to be a high-growth segment with 13.05% CAGR, as many manufacturers are now in the process of automating the movement of components and materials across the production lines. The growing adoption of robots for material handling comes with an increasing urge to optimize the production cycle for efficiency and reduce labor costs.
Automotive Robotics Market Report Scope:
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Report Attributes |
Details |
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Market Size in 2023 |
9.56 Billion |
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Market Size by 2032 |
27.81 Billion |
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CAGR |
12.6% CAGR by 2024-2032 |
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Base Year |
2023 |
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Forecast Period |
2024-2032 |
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Historical Data |
2020-2022 |
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Key Growth Drivers |
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Major Regions Covered |
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Major Companies Listed in the Report |
FANUC Corporation, Kawasaki Heavy Industries, Yaskawa Electric Corporation, KUKA AG, ABB, Comau, DENSO WAVE INCORPORATED, NACHI-FUJIKOSHI CORP., Rockwell Automation, Inc., Seiko Epson Corporation, and other players |
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U.S. Insights: Highlighting Growth Factors and Key Indicators:
The U.S. automotive robotics market is poised for phenomenal growth on the back of increasing advancements in the field of automation technology, accompanied by rising investments in smart manufacturing.
By 2032, the United States is likely to contribute around 25% to the global share of the automotive robotics market, since it has put strong emphasis on competitiveness in the automotive sector. Automotive robotics, for their part, are increasingly applied in assembly, welding, and material handling in the U.S., while there is also a remarkable trend toward integrating AI and machine learning into manufacturing with the aim of increasing effectiveness. It is estimated that over 70% of the US automotive manufacturers are going to use robotics in their production lines until the year 2025, driven by a higher output and quality improvement.
Recent Developments:
ABB Ltd. has just released a new generation of automotive robots optimized for welding and assembly with improved sensors and AI capabilities, delivering unprecedented levels of precision with fewer production errors.
KUKA AG was working directly with automobile manufacturers to further spread robotics to the assembly lines, with increasing production efficiency and moving to smart manufacturing.
Fanuc Corporation has announced its plans to integrate the most advanced AI-driven robotics in their future products, thereby combining classic robotics with AI to offer a versatile and efficient manufacturing solution.
Key Takeaways
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Automotive manufacturing has geared up for automation; this is a sector that shows a great demand for automotive robotics, with a rise of 60% in the last five years.
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AI-powered robotics is developing fast, and more than 70% of new automotive robots are going to have artificial intelligence by 2032.
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The Asia-Pacific region is going to emerge as one of the vital players in the automotive robotics market, accounting for about 50-55% of all global sales, while the U.S. will cover 25% of the market by 2032 owing to rapid industrialization and supportive governmental policies.
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Electric vehicle manufacturing is at the edge in adopting automotive robotics, as a way of increasing the rate of production while reducing overall costs; 65% of EV makers have already integrated this technology into their operations.
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Table of Contents – Major Key Points
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1Wafer Production Volumes, by Region (2023)
5.2 Chip Design Trends (Historic and Future)
5.3 Fab Capacity Utilization (2023)
5.4 Supply Chain Metrics
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Automotive Robotics Market Segmentation, By Type
8. Automotive Robotics Market Segmentation, By Application
9. Regional Analysis
10. Company Profiles
11. Competitive Landscape
12. Use Case and Best Practices
13. Conclusion
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