Automotive Robotics Market 2018
Automotive Robotics Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2022. Automotive Robotics Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022
Global Automotive Robotics Market Information by Product Type (SCARA Robot, Articulated Robot, and Cartesian Robot), by Type (Hardware, Software, and Service), by Application (Gripping, Stamping, Welding, Painting, Assembly, and Others), and by Region - Forecast to 2022
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Automotive Robotics Global Market – Overview
The Global Automotive Robotics Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Automotive Robotics will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).
Automotive robotics system is used to assist the manufacturing process in the automotive industries such as assembling, welding, cutting, dispensing, painting and others. The usage of the automotive robotics in the manufacturing process helps reducing the operational cost as it helps improve quality & operational flexibility, decrease production & manufacturing errors, and also reduce wastage of the raw material. Moreover, Increased concerns for labor safety, the adoption of automation to ensure quality production, and to meet market demand on time are the main drivers which is expected to contribute in the growth of the automotive robotics market. The global automotive robotics market is expected to show a growth at CAGR of about 10% from 2016 to 2022.
The automotive industry as a whole is a capital intensive industry. The dynamic business environment and cut throat competition in the market constantly requires influx of capital to update their technology to cope with increasing incidence of customization by the consumers. Development of hybrid vehicles, electric vehicles among others require constant adaptation by the Automotive Robotics manufacturers to develop speck Automotive Roboticss required by vehicle manufacturers, thus resulting in extensive capital investment at a constant rate. Such cut throat competition in the automotive industry requires massive investments at a regular basis, thus the high capital investment in the Automotive Robotics market is expected to act as a hurdle in the growth of the market due to significant entry barriers for new player which is expected to have a negative impact on the Automotive Robotics market.
The Automotive Robotics market is completely dependent on the automobile industry. Thus, the increasing or decreasing demand of the automotive industry directly has an impact on the market. The total volume of four wheeler production, across the globe, in 2015, was almost 90 million units and is expected to witness further boost, and reach more than 100 million units, by the year 2020. Moreover, the increase in the sales of new vehicles has mainly been because of competitive and diverse options available for finance. The availability of finance has eased the purchase of vehicles, due to which there has been a rise in the use of Automotive Robotics. Another factor responsible for the increase in vehicle sales is the macroeconomic development and the rise in the global middle class consumers. This is the primary factor that drives the growth of the Automotive Robotics market and has gained prevalence in the recent times, with technological developments and rapidly increasing disposable income among consumers. Thus, the growth of the Automotive Robotics market is expected to go hand in hand with the growth of automotive industry.
The major factor that has been a restraint for the Automotive Robotics is the government regulations over its certification. The Automotive Robotics needs to clear all the certification process led by government and transportation department. However, several manufacturers face various difficulties in getting NOCs from these departments. Moreover, the manufacturers need to obtain these certificates to sell or export their products to other countries such as US’s DOT, China’s CCC, Brazil’s INMETRO, Japan’s JAS, India’s RTO. Therefore, owing to this factors, the market has faced various challenges that could obstruct the market growth.
Industry/ Innovation/ Related News:
August, 2015 - The world's leading power and automation technology group ABB announced that ABB Robotics (Zhuhai) Ltd. was officially established in the Zhuhai Hi-tech Industrial Development Zone.
August, 2010– ABB, the leading power and automation technology group, recently inaugurated its Robotic Paint Lab at ABB Engineering (Shanghai) Ltd. in the Kangqiao District of Pudong, Shanghai. The advanced paint lab comprises paint workshops for both car bodies and general industry. This lab is the first and unique facility in China to paint a full car body in production conditions. It enables customers to use ABB advanced technology for complete testing and simulation of their automotive paint process.
November, 2016 - Harmonic Drive launches new gearbox to ‘usher in a new age of robotics’. The CSF-2UP gearboxes form part of the CSF Series, a range characterised by its very short length and low weight. The new gearbox range is available in three sizes, with gear ratios of 30, 50 and 100 at a repeatable peak torque from 1.8 to 28 Nm.
Automotive Robotics Market – Segmentation
The Global Automotive Robotics Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Product Type : Comprises SCARA Robot, Articulated Robot, and Cartesian Robot.
Segmentation by Application : Comprises Gripping, Stamping, Welding, Painting, Assembly, and Others
Segmentation by Type : Comprises Hardware, Software, and Service
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Automotive Robotics Market: Regional Analysis
In North America, automotive robotics market would grow rapidly due to the demand & adoption of robotics technology and in Europe the market is showing substantial hike due to presence of large number of automotive industry. However, Asia Pacific is expected to witness considerable growth due to rapid industrialization and rising automotive industries.
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