Precision Business Insights has published a report on the global automotive robotics market, estimating its value at USD 10.19 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 10.8% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/automotive-robotics-market
The automobile robots Market refers to industrial robots that are especially intended for use in automobile production and assembly operations. These robots are extremely precise and efficient at welding, painting, material handling, assembly, and inspection.
Drivers:
- Rising need to enhance manufacturing efficiency, reduce labor costs, and improve consistency in production
- Increasing use of lightweight materials and advanced electronics demands robotic systems capable of intricate operations.
The global automotive robotics market segmentation:
1) By Component Type: Controller, Robotic Arm, End Effector, Drive and Sensors
2) By Product Type: Cartesian Robots, SCARA Robots, Articulated Robot, and Others
3) By Function Type: Welding Robot, Painting Robot, Assembling and Disassembling Robot, Cutting, and Milling Robot
4) By End-User Type: Vehicle Manufacturers and Automotive Component Manufacturers
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Regional Overview:
The report also examines the current concerns and their Future Effects on the automotive robotics market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the automotive robotics market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like ABB Ltd., KUKA AG, FANUC Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Denso Wave Incorporated, Comau SPA, Nachi-Fujikoshi Corp., Rockwell Automation, Inc., Seiko Epson Corporation
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