Automotive Robotics Market Set to Exceed USD 14,170 Million by 2026 | CAGR 12.4%
Forecast to 2020
Automotive Robotics Market Size to Reach 14,170 Million by 2026
“Automotive Robotics Market Share, Size, Trends, Industry Analysis Report By Type (Articulated Robots, SCARA Robots, Cartesian Robots, Cylindrical Robots, Others); By Component (Hardware, Software, Services); By Application (Painting, Welding, Material Handling, Assembly, Others); By Region, Segments & Forecast, 2018 - 2026� The Automotive Robotics Market is anticipated to reach over USD 14,170 million by 2026 according to a new research published by Polaris Market Research. In 2017, the articulated robots dominated the global automotive robotics market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global automotive robotics market revenue in 2017. There has been an increase in the demand of automotive robotics across the world owing to greater need for automation of manufacturing processes. With the increasing use of collaborative robots in automotive applications, the overall demand for robotics to also influence the automotive robotics market growth. Automotive robots are being adopted by small and medium sized organizations at a huge pace for automation of manufacturing processes.
Browse Detailed Research Report On Automotive Robotics Market Analysis: https://www.polarismarketresearch.com/industry-analysis/automotive-robotics-market Market players are introducing application specific robots to meet the growing needs of the automotive industry. Growing need for automation and increasing labor costs further fuels the automotive robotics market growth. In addition, availability of affordable, high quality customized robotics solutions for diverse applications in the automotive industry stimulates the market growth. With international labor safety standards becoming more stringent, robots are being employed in hazardous environments in place of humans. Robots find application in situations that are dangerous and unsafe for human beings to work, such as working in irregular terrains and handling hazardous substances. Robots enable organizations to avoid risks and reduce the number of work accidents. This factor leads to greater adoption of robotics solutions in the global automotive industry.
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Automotive Robotics Market Size to Reach 14,170 Million by 2026
Owing to stiff competition in the global automotive market, players are introducing low-cost and high quality robots to meet consumer demands. The advancements in technology enable developers to design new innovative products while maintaining the affordability of the product. The recently developed robots are energy efficient and designed to serve specific applications in the automotive industry. Acceptance of such robots by small and medium businesses has increased owing to its low cost and increased flexibility. Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. Growing demand from automotive industry for high quality products, along with increasing labor costs encourages companies to invest in automotive robotics. With intense competition in the automotive industry, companies are setting up manufacturing facilities in these countries for timely deliveries of products to their customers. High demand of robots from Japan and South Korea would help in the growth of the automotive robotics market in the region. Other factors driving this market include rapid industrialization and increasing need for automation in manufacturing processes. The key players operating in the market include Fanuc Corporation, Rockwell Automation, Inc., ABB Ltd., Kawasaki Heavy Industries, Kuka AG, Denso Corporation, Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Nachi-Fujikoshi Corporation, DiFacto Robotics and Automation Pvt. Ltd. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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Table of Contents
1. Overview and Scope 1.1. Research goal & scope 1.2. Research assumptions 1.3. Research Methodology 1.3.1. Primary data sources 1.3.2. Secondary data sources 1.4. Key take-away 1.5. Stakeholders 2. Executive Summary 2.1. Market Definition 2.2. Market Segmentation 3. Automotive Robotics Market Insights 3.1. Automotive Robotics – Industry snapshot 3.2. Automotive Robotics - Ecosystem analysis 3.3. Automotive Robotics Market Dynamics 3.3.1. Automotive Robotics – Market Forces 3.3.1.1. Automotive Robotics Market Driver Analysis 3.3.1.2. Automotive Robotics Market Restraint/Challenges analysis 3.3.1.3. Automotive Robotics Market Opportunity Analysis 3.4. Industry analysis - Porter's five force 3.4.1. Bargaining power of supplier 3.4.2. Bargaining power of buyer 3.4.3. Threat of substitute 3.4.4. Threat of new entrant 3.5. Degree of competition 3.6. Automotive Robotics Market PEST Analysis, 2017 -3-
Automotive Robotics Market Size to Reach 14,170 Million by 2026
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3.7. Automotive Robotics Market Value Chain Analysis 3.8. Automotive Robotics Industry Trends 3.9. Competitive Ranking Analysis Automotive Robotics Market Size and Forecast by Type, 2018-2026 4.1. Key Findings 4.2. Articulated Robots 4.3. SCARA Robots 4.4. Cartesian Robots 4.5. Cylindrical Robots 4.6. Others Automotive Robotics Market Size and Forecast by Component, 2018-2026 5.1. Key Findings 5.2. Hardware 5.3. Software 5.4. Services Automotive Robotics Market Size and Forecast by Application, 2018-2026 6.1. Key Findings 6.2. Painting 6.3. Welding 6.4. Material Handling 6.5. Assembly 6.6. Others Automotive Robotics Market Size and Forecast by Region, 2018-2026 7.1. Key Findings 7.2. North America 7.2.1. U.S. 7.2.2. Canada 7.2.3. Mexico 7.3. Europe 7.3.1. Germany 7.3.2. UK 7.3.3. France 7.3.4. Italy 7.3.5. Rest of Europe 7.4. Asia-Pacific 7.4.1. China 7.4.2. India 7.4.3. Japan 7.4.4. Rest of Asia-Pacific 7.5. Latin America 7.5.1. Brazil 7.6. Middle East & Africa Company Profiles 8.1. Fanuc Corporation 8.1.1. Overview 8.1.2. Financials 8.1.3. Product Benchmarking 8.1.4. Recent Developments 8.2. Rockwell Automation, Inc. 8.2.1. Overview 8.2.2. Financials 8.2.3. Product Benchmarking -4-
Automotive Robotics Market Size to Reach 14,170 Million by 2026
8.2.4. Recent Developments 8.3. ABB Ltd. 8.3.1. Overview 8.3.2. Financials 8.3.3. Product Benchmarking 8.3.4. Recent Developments 8.4. Kawasaki Heavy Industries 8.4.1. Overview 8.4.2. Financials 8.4.3. Product Benchmarking 8.4.4. Recent Developments 8.5. Kuka AG 8.5.1. Overview 8.5.2. Financials 8.5.3. Product Benchmarking 8.5.4. Recent Developments 8.6. Denso Corporation 8.6.1. Overview 8.6.2. Financials 8.6.3. Product Benchmarking 8.6.4. Recent Developments 8.7. Mitsubishi Electric Corporation 8.7.1. Overview 8.7.2. Financials 8.7.3. Product Benchmarking 8.7.4. Recent Developments 8.8. Yaskawa Electric Corporation 8.8.1. Overview 8.8.2. Financials 8.8.3. Product Benchmarking 8.8.4. Recent Developments 8.9. Nachi-Fujikoshi Corporation 8.9.1. Overview 8.9.2. Financials 8.9.3. Product Benchmarking 8.9.4. Recent Developments 8.10. DiFacto Robotics and Automation Pvt. Ltd 8.10.1. Overview 8.10.2. Financials 8.10.3. Product Benchmarking 8.10.4. Recent Developments Access Press Release on Automotive Robotics Market: https://www.polarismarketresearch.com/press-releases/automotive-robotics-market
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for -5-
Automotive Robotics Market Size to Reach 14,170 Million by 2026
our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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