Global Automotive robotics Market is valued at USD 4.34 billion in 2016 is anticipated to grow USD 13.6 billion with the compounded annual growth of 13.8% over the forecast period 2017-2025.
New York 27 June 2018, as per the new research study conducted by Bizwit Research & Consulting, Global Automotive robotics industry is poised to raise USD 13.6 billion by 2025. Some key components for the market development will be; increasing adaptation of automation and robotics within the automotive industry is a major factor expected to drive the market growth and 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.
To view the summary or to request a sample copy of this report, please click the link mentioned below:
Global Automotive robotics Market Size study, By Product (Articulated, Cartesian, Cylindrical, Polar, SCARA), By Application (Assembly, Dispensing, Material Handling, Welding), and by Regional Forecasts 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include ABB Ltd., Acieta LLC., Comau spa.,Denso Corporation, Epson America Inc., fanuc corporation, and so on. Other market players discussed in the report include kKukaAG, universal robots A\S, Yaskawa electric corporation. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Chinese government will provide the necessary incentive to drive the demand for industrial robotics.
- Automotive industry utilizes robots extensively for spot welding and with the increased demand for automotive the use of robots in the welding process has also increased.
Bizwit Research & Consulting LLP has considered following segments for the study:
- Material handling
- North America
- Asia Pacific
- Latin America
- Rest of the World