Fri. Sep 22nd, 2023
    The Growing Automotive Robotics Market: Key Trends and Growth Drivers

    The global automotive robotics market is experiencing significant growth, with a projected value of $13.60 billion by 2027. According to a report by Allied Market Research, Asia-Pacific currently dominates the market, followed by Europe, North America, and LAMEA. China, in particular, holds a significant share of the Asia-Pacific automotive robotics market, while Africa is expected to witness remarkable growth in the coming years.

    Automotive companies have been at the forefront of adopting automation systems in their manufacturing processes. The International Federation of Robotics (IFR) ranks the UK 22nd in terms of robot density worldwide. Even though the density of robots in the automotive industry is relatively low, manufacturers recognize the need for investment in robotics systems to boost production. This drive for automation is expected to propel the automotive robotics market in the coming years.

    Leading automobile manufacturers are increasingly ordering industrial robotics systems to manufacture new vehicles. For instance, Volkswagen recently announced its purchase of digitally controlled industrial robots from German manufacturer KUKA. These robots will be installed at Volkswagen’s commercial vehicle factory in Hannover, Germany, to plan, assemble, deliver, and commission a completely automated body shop system for the new all-electric ID. BUZZ.

    In France, the adoption of collaborative robots (cobots) and industrial robots has been growing, with a 9% increase in 2019 alone. Polyarticulated robots account for 84% of the market, and the automotive industry is the leading user of robotics, representing around 30% of the market. The advantages of increased production, enhanced safety, and high reliability provided by industrial robots in automotive manufacturing plants are driving market growth.

    The key findings from the report include:
    – The drive component segment is expected to exhibit remarkable growth.
    – Articulated robots are the highest contributors to the global market in terms of revenue.
    – LAMEA is the fastest-growing region, followed by North America, Europe, and Asia-Pacific.

    Prominent players in the market include ABB, Comau, DENSO WAVE INCORPORATED, FANUC CORPORATION, Kawasaki Heavy Industries, Ltd., KUKA AG, NACHI-FUJIKOSHI CORP., Rockwell Automation, Inc., Seiko Epson Corporation, and YASKAWA ELECTRIC CORPORATION.

    Overall, the automotive robotics market is poised for significant growth as automotive manufacturers increasingly adopt automation systems to improve production efficiency and meet market demands.

    – Allied Market Research, “Automotive Robotics Market by Component, Type, and Application: Opportunity Analysis and Industry Forecast, 2020-2027” (no URL provided)
    – French Association for Manufacturing Technologies (Symop) (no URL provided)