DUBLIN, November 24, 2017 /PRNewswire/ --
The "Automotive Robotics Market Analysis By Product (Articulated, Cartesian, Cylindrical, Polar, SCARA), By Application (Assembly, Dispensing, Material Handling, Welding), And Segment Forecasts, 2014 - 2025" report has been added to Research and Markets' offering.
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 to reach $13.6 billion
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.
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
Companies Mentioned
- ABB Ltd.
- Acieta LLC.
- Comau SpA.
- Denso Corporation.
- DiFacto Robotics and Automation Pvt. Ltd.
- Epson America, Inc.
- Fanuc Corporation.
- Kawasaki Heavy Industries, Ltd.
- Kuka AG.
- Mitsubishi Electric Corporation.
- Nachi-Fujikoshi Corporation.
- Omron Adept Technologies, Inc.
- Staubli International AG.
- Universal Robots A/S.
- Yaskawa Electric Corporation.
For more information about this report visit https://www.researchandmarkets.com/research/74lx6w/automotive
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