The global automotive robotics market is expected to experience significant growth in the next five years, according to a recently updated report. The market size, share, and industry trends have been analyzed in this comprehensive 118-page report. The report forecasts that the market will reach USD million by 2030, with a CAGR of percentage during the forecast period of 2023-2030.
The market is segmented based on applications, types, and regional outlook. The applications include automotive production, automotive maintenance and repair, and workshop assistant. The types of robotics in the market are articulated robots, Cartesian robots, cylindrical robots, SCARA robots, and others. The regional analysis covers North America, Europe, Asia-Pacific, South America, Middle East, and Africa.
Leading global manufacturers in the automotive robotics market include ABB, KUKA, Denso Wave, Yaskawa Electric, Kawasaki Heavy Industries, COMAU, Nachi-Fujikoshi, Rockwell Automation, and Seiko Epson. These top players accounted for approximately percent of the market revenue in 2022.
The COVID-19 pandemic and the Russia-Ukraine conflict have had an impact on the market. However, with strategic initiatives from key industry players, the market is expected to recover and continue to grow. The automotive robotics market has shown strong potential for substantial growth, with a projected Compound Annual Growth Rate (CAGR) forecasted from 2023 to 2030.
The market drivers for the automotive robotics market include the increasing global demand for various applications in the automotive industry. The market also faces challenges and opportunities, which are explored in the report. The report provides insights into the factors influencing the growth trajectory of the automotive robotics market, evaluation of market structure, and projections for the market from 2023 to 2030.
In conclusion, the global automotive robotics market is expected to experience significant growth in the coming years. The market is driven by increasing demand for automotive applications and strategic initiatives from key industry players. With advancements in technology, the market is poised for further expansion.
Sources:
– Automotive Robotics Market Insights 2023: Top Key Players Analysis, Segmentation, Future Trends with Growth – Market Growth Reports
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