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Automotive Robotics Market Size & Share, by Product Type (Articulated Robots, Cartesian Robots, Cylindrical Robots, SCARA Robots); Application (Welding, Cutting, Painting, Material Handling) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 324
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Automotive Robotics Market size is poised to reach USD 20 Billion by the end of 2033, growing at a CAGR of 13% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of automotive robotics was over USD 7 Billion.The growth of the market can primarily be attributed to the growing robot installations in automobile manufacturing units worldwide. For instance, the automotive industry was found to be the largest user of robots worldwide, with about 28% of all robot installations happening in the automotive sector in 2020.  

Automotive robots are designed such that they assist in the manufacturing of automobiles in the automotive industry in various processes such as assembling, cutting, dispensing, painting and others. They are deployed to find the most minuscule manufacturing differences in handling activities. The robot-to-robot work ensures the quality and efficiency of the product. With the increased automotive manufacturing as well as sales, the demand for automotive robotics is on the rise amongst automobile manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global market during the forecast period. It was found that nearly 70 million units of automobiles were sold worldwide in 2021.

Automotive Robotics Market
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Automotive Robotics Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Automation to Reduce Human Error – the use of autonomous machines, known as cobots, continue venturing toward automakers and manufacturers. Many systems become easier and faster, yet versatile, and can be deployed safely alongside human operators. The rising automation in the automotive industry is expected to boost the market in the forecasted period. For instance, as per 2022 data, automating the intralogistics can reduce the manpower need by up to around 80% in a car factory.
  • Rising Development in the Transport Infrastructure – which is projected to require nearly USD 2 trillion in transport infrastructure investments every year for its development by 2040.
  • Increasing Sales Value of New Robot Installations – which in the automotive sector hiked in 2018 when industrial robots worth over USD 4 billion were installed worldwide.
  • Upsurge in the Number of Injuries in the Automotive Industry – for instance, as per 2022 statistics, over 2800 workers have suffered grave injuries in the supply chain of India's automobile industry in the past 5 years.

Challenges

  • Requirement of High Initial Investment
  • High Cost of Integration
  • Huge Cost of Maintenance

Automotive Robotics Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~13%

Base Year Market Size (2022)

 ~ USD 7 Billion

Forecast Year Market Size (2033)

~ USD 20 Billion
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Automotive Robotics Segmentation

Application (Welding, Cutting, Painting, Material Handling)

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 market includes the following segments:

        By Type
  • Articulated
  • Cylindrical
  • SCARA
  • Cartesian

        By Component
  • Controller
  • Robotic Arm
  • End Effector
  • Sensors, Drive

         By Application
  • Welding
  • Painting
  • Cutting
  • Material Handling

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Automotive Robotics Industry - Regional Synopsis

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.

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Automotive Robotics Market Size
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Companies Dominating the Automotive Robotics Landscape

top-features-companies
    • Kawasaki Heavy Industries, Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Seiko Epson Corporation
    • Rockwell Automation, Inc.
    • ABB Ltd, Switzerland
    • Denso Corporation
    • Comau S.p.A.
    • Fanuc Corporation
    • Yaskawa Electric Corporation
    • Blackbird GmbH
    • Nachi Fujikoshi Corp.
In-the-news

In The News

  • Fanuc America Corporation has announced the release of the CRX-5iA, CRX-20iA/L and CRX-25iA collaborative robots. These new machines are part of the popular CRX series that also includes the CRX-10iA and CRX-10iA/L collaborative robots.
  • ABB Ltd. has introduced a new generation of cobots for new industries. In addition to its GoFa and SWIFTITM cobots, ABB has expanded its collaborative robot portfolio.

Author Credits:  Harshita Srivastava, Saima Khursheed


  • Report ID: 324
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

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.

The market is anticipated to attain a CAGR of ~13% over the forecast period, i.e., 2023-2033.

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.

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.

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.

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.

The market is segmented by product type, application and, by region.

The material handling segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Automotive Robotics Market Report Scope
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