Automotive Robotic Market Analysis by Product Type (Articulated Robots, Cartesian Robots, Cylindrical Robots, SCARA Robots and Others); and by Application (Welding, Cutting, Painting, Material Handling and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
Buy Now Report ID: 324 | Published Date: Feb 13, 2023
Regionally, the global automotive robotics market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033, backed by the presence of a giant automobile manufacturers network in the region, growing production of vehicles as well as the rising installations of robots in automotive manufacturing units. For instance, the robot density in Japan’s automotive industry in 2019 was found to be ~1,240 installed units per 10,000 employees.
The global automotive robotics market is further classified on the basis of region as follows:
The global automotive robotics market is segmented and analyzed for demand and supply by application segment into casting, welding, painting, cutting, and material handling. Amongst these segments, the material handling segment is anticipated to garner the largest revenue by the end of 2033, backed by the development in robotics along with the surge in the use of robots in material handling worldwide. For instance, it was observed that a high-end articulated arm model robot can handle more than 1000 kg of payloads.
Our in-depth analysis of the global automotive robotics market includes the following segments:
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By Type |
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By Component |
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By Application |
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In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Harshita Srivastava, Saima Khursheed
Ans: Growing installations of robots in the automotive sector as well as increasing automation to reduce human error along with rising sales of cars are some of the major factors anticipated to drive the growth of the market.
Ans: The market is anticipated to attain a CAGR of ~13% over the forecast period, i.e., 2023 – 2033.
Ans: The requirement of high initial investment as well as the high cost of integration are some of the factors estimated to hamper the market growth.
Ans: The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are Kawasaki Heavy Industries, Ltd., Seiko Epson Corporation, Rockwell Automation, Inc., ABB Ltd, Switzerland, Denso Corporation, Comau S.p.A., Fanuc Corporation, Yaskawa Electric Corporation, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by product type, application and, by region.
Ans: The material handling segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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