Automotive Robotics Market Evaluation, Changing Business Situation, and Top Key Players by 2029

PRESS RELEASE

Printed January 30, 2023

The most recent Automotive Robotics Market” report focuses on vital analysis methodology which supplies a 360-degree overview of the aggressive panorama of the industries. This report supplies thorough data based mostly on market dimension, development parts, enterprise define with improvement, historic and futuristic price evaluation, demand, and gross sales income. The Automotive Robotics market additionally analyzes future developments and forecasts, the market assessing the methods of the important thing gamers when it comes to strengths, Weaknesses, Alternatives, and Threats. The report goals to supply a complete SWOT evaluation with the market penetration of merchandise and companies. The report is meant to assist readers make an correct evaluation of the current and future Automotive Robotics market situations. Additional, mergers and acquisitions, rising market developments, the impression of COVID-19, and regional conflicts will all be thought-about.

The World Automotive Robotics Market is predicted to develop with a CAGR of 12.9% from 2023 to 2029.

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The Top Key Players coated within the report are:

The Automotive Robotics market report covers an in depth evaluation of the important thing market gamers together with their enterprise overview, growth plans, and methods. Additional, mergers and acquisitions, rising market developments, the impression of COVID-19, and regional conflicts will all be thought-about.

Denso Wave,KUKA,FANUC,ABB,Kawasaki Heavy Industries,Yaskawa Electrical,Nachi-Fujikoshi,Seiko Epson,COMAU,Rockwell Automation

KEY INDUSTRY DEVELOPMENTS:

November 2020 – KUKA AG obtained a significant order from Volkswagen Industrial Automobiles for body-in-white manufacturing of the ID.BUZZ. KUKA is accountable for commissioning, assembling, delivering, and planning a completely automated physique store system for the underbody of the all-electric ID. BUZZ.

April 2020 – KUKA AG and BMW AG signed a framework settlement to provide round 5,000 robots for brand spanking new manufacturing traces and factories. The a number of robotic fashions from KUKA AG shall be used predominantly in body-in-white manufacturing and different applied sciences.

The Automotive Robotics market analysis report totally covers the key statistics of manufacturing, worth, profitability, capability, provide/demand ratio, quantity, and rather more. The absolute best up to date data is showcased in figures, pie charts, tables, and graphs. These statistical representations supply predictive data concerning the upcoming estimations for convincing the expansion of the market.

Market Section Evaluation:

The Automotive Robotics Market Report supplies a preliminary evaluation of the business, definitions, classifications, and enterprise chain form. Market evaluation is furnished for the worldwide markets which embrace enchancment tendencies, hostile view analysis, and key areas improvement. Growth insurance policies and plans are mentioned, and manufacturing methods and price techniques are additionally analyzed.

Industrial robotics market Dynamics

Drivers: Rising demand for collaborative robots throughout industries

Cobots have gotten extra inexpensive and simpler to program for novice customers. As an example, Common Robots (Denmark) supplies the UR+ platform to allow customers to program the robotic and use numerous robotic finish effectors, imaginative and prescient techniques, and add-on software program from different producers, together with Robotiq (Canada), Schunk (Germany), PIAB (Germany), OnRobot (Denmark), Cognex (US), and Energid (US). The peripherals and software program supplied by these firms are UR+ licensed to reduce compatibility points with the robots manufactured by Common Robots (Denmark). Enterprises of all sizes and are adopting collaborative robots for brand spanking new and present purposes. As an example, BMW (Germany) has deployed a UR10 robotic from Common Robots for gluing and different meting out purposes. These stronger, quicker and extra succesful cobots will speed up the corporate’s growth in high-growth segments together with electronics, healthcare, client items, logistics and meals and drinks, assembly the rising demand for automation throughout a number of industries.

Restraints: Excessive price of deployment for SMEs

A robotic automation undertaking may be difficult, particularly for firms with no prior expertise. Changing human staff might not at all times lower the operational prices for a company. A single collaborative robotic system can price anyplace from USD 3,000 to USD 100,000. The value of an industrial robotic system ranges from USD 15,000 to USD 150,000. The price of industrial robots, coupled with integration prices and the price of peripherals, reminiscent of finish effectors and imaginative and prescient techniques, makes automation a pricey funding for SMEs, particularly when they’re engaged in low-volume manufacturing. The value situation is extra extreme for firms concerned in seasonal or inconstant manufacturing schedules.

Automotive Robotics Market Segmentation by Varieties:

Articulated Robots

Cartesian Robots

Cylindrical Robots

SCARA Robots

Others

Automotive Robotics Market Segmentation by Purposes:

Automotive Manufacturing

Automotive Upkeep and Restore

Workshop Assistant

Regional Evaluation:

North America (U.S., Canada)

Europe (U.Ok., Italy, Germany, France, Remainder of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, Remainder of APAC)

Latin America (Chile, Brazil, Argentina, Remainder of Latin America)

Center East & Africa (Saudi Arabia, U.A.E., South Africa, Remainder of MEA)

Asia Pacific held the most important automotive robotics market share and stood at USD 2.88 billion in 2020. Components such because the getting older employee inhabitants in China and rising labor prices are attributed to the elevated adoption of robotics in automotive. As an example, in 2019, Byton, the Chinese language electrical automobile producer, opened a brand new manufacturing base in Nanjing that integrates 335 welding robots equipped by KUKA and a 99% automation price. Therefore, these components are attributed to the exponential development of the market on this area.

North America is anticipated to exhibit vital development in the course of the forecast interval. In response to the US Division of Labor Job Openings and Labor Turnover, as of January 2020, round 80% of producers have been struggling to fill over 400,000 open positions. Nevertheless, producers can now slowly deal with the scarcity because of the development in automotive robotics options.

Main automakers within the U.S., reminiscent of Ford, Tesla, and Basic Motors, have invested extensively in automotive robotics. It not solely will increase employee productiveness; it additionally presents better-paid and higher-skilled work to workers. As an example, in response to the Worldwide Federation of Robotics, within the U.S., robots put in per 10,000 workers hit a brand new document of 1,287 items in 2020. Therefore, these components will propel the expansion of the market within the area.

Europe can also be anticipated to indicate appreciable development out there. Vital post-pandemic provide chain realignment specializing in boosting home manufacturing throughout the auto manufacturing worth chain will drive the demand for automotive robotics on this area.

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Necessary Options and Key Highlights of the Report:

– Detailed overview of the worldwide Automotive Robotics market

– Changing market dynamics of the business

– In-depth market segmentation by Kind, Utility, and so forth.

– Historic, present, and projected market dimension when it comes to quantity and worth

– Latest business developments and developments

– Aggressive panorama of Impregnated Automotive Robotics market

– Methods of key gamers and product choices

– Potential and area of interest segments/areas exhibiting promising development out there

– A impartial perspective towards Automotive Robotics market efficiency

– Market participant’s data to maintain and improve their footprint

Causes for purchasing this report:

It presents an evaluation of adjusting aggressive situations.

For making knowledgeable choices in companies, it presents analytical information with strategic planning methodologies.

It presents a Six-year evaluation of the Automotive Robotics market and helps to grasp the key market segments.

Researchers throw mild on the worldwide dynamics of the market reminiscent of drivers, restraints, developments, and alternatives.

It presents a regional evaluation of the Automotive Robotics Market together with the enterprise profiles of a number of stakeholders with their market share.

It presents large information about trending components that may affect the expansion/progress of the Market.

The Automotive Robotics Market report provides solutions to the next:

• What are the latest developments within the regional market and how profitable they’re?
• What pointers are adopted by key performers to contest this Covid-19 situation?
• What are the essential issues drivers, alternatives, challenges, and risks of the market?
• How possible is the Automotive Robotics Market for long-term funding?
• will face surviving?
• That are the important market gamers within the business?
• What’s the forecast compound annual development price (CAGR) of the worldwide market at some stage in the forecast interval (2023-2029)?
• What could possibly be the anticipated worth of the Automotive Robotics market in the course of the forecast interval?

Customization:

The Automotive Robotics Market Report could be modified to satisfy your detailed enterprise necessities. As a result of we perceive what our shoppers need, we offer as much as 20% customization for any of our Market Intelligence Information experiences at no added price to all of our Customers.

Thanks for studying this text…!! you can even customise this report back to get choose chapters or region-wise protection with areas reminiscent of Asia, North America, and Europe.

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