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Asia-Pacific Automotive Robotics Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis
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Asia-Pacific Automotive Robotics Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis Asia-Pacific Automotive Robotics Market Outlook Automotive manufacturing industry is one of the first industries to adopt robotic automation whole heartedly and gradually benefitted from successive developments in robotics technology. In past few years, robots have become smaller, more precise and multi functional, making them important for the automotive manufacturing process. High costs related to the future-generation automotive technology, skilled labors and safety systems fuel the demand for automotive robots to accommodate changeovers in product. Automotive robots are designed to provide cost effectiveness, flexible automation solutions and preciseness of manufacturing process. Furthermore, automotive robots perform welding, material handling, palletizing, assembly and inspection processes in automotive industry. China is the largest car market globally, producing over 24 million units of vehicles. Huge automotive industry of China is largest consumer of robots and accounts for more than 40% of total robot supply. According to international federation of robotics Japan has the highest robot density with 1,276 robot units per 10,000 employees, followed by republic of Korea and USA both with 1,218 units. Wage inflations and price competitiveness in developed countries significantly driving the growth rate of automotive market.
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Asia-Pacific Automotive Robotics Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis Market Segmentation By Robot Type • Articulated Robots • Cartesian Robots • Cylindrical Robots • Selective Compliance Assembly Robot Arm (SCARA)
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By Applications
• Primary Manufacturing Process Welding Metal Casting Cutting
Sealing/ Dispensing Painting
• Secondary Manufacturing Process Material Handling Packaging Palletizing Assembly / Disassembly Published By: Goldstein Research Copyright
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Asia-Pacific Automotive Robotics Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis
Based on Geography China {Market Share (%), Market Size (USD Million), Adoption Rate (%)} Japan {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
India {Market Share (%), Market Size (USD Million), Adoption Rate (%)} Australia {Market Share (%), Market Size (USD Million), Adoption Rate (%)} South Korea {Market Share (%), Market Size (USD Million), Adoption Rate (%)} Singapore {Market Share (%), Market Size (USD Million), Adoption Rate (%)} New Zealand {Market Share (%), Market Size (USD Million), Adoption Rate (%)} Rest of APAC {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
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Asia-Pacific Automotive Robotics Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis Market Size and Forecast (2016-2024) Asia Pacific automotive robotics market accounted for USD 2.7 billion in 2016 and the market is expected to reach USD 5.8 billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 10.1% over the forecast period i.e. 20162024. Geographically, China accounted for the highest revenue share in Asia Pacific automotive robotics market in 2016 with more than USD 0.80 billion revenue share. Japan accounts for the second highest revenue share in Asia Pacific region closely followed by India. Automotive manufacturers are highly investing in India to setup new manufacturing units and to develop existing ones. For instance, Maruti Suzuki India Ltd., manufacturing plant in Gurgaon, has at least 1 robot per worker. The manufacturing plant is equipped with more than 2,000 robots for welding and more than 200 robots for paint shop. Singapore and Thailand are also expected to grow significantly owing to growing automobile demand and shortage of labors in Singapore.
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Asia-Pacific Automotive Robotics Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis
According to Goldstein Research, “Growing automobile industry and rising need to automate the manufacturing process are the major factors driving the growth of Asia-Pacific Automotive robotics market." Concern towards worker's safety is also playing an important role towards high adoption rate of automotive robotics in manufacturing industries. Installation of robots ensures labours safety by keeping away them from exposure to welding and paint fumes. Asia Pacific automotive robotics market segmentation has been carried out on the basis of robots and applications. Robot segment is further bifurcated into articulated robots, Cartesian robots, cylindrical robots and Selective Compliance Assembly Robot Arm (SCARA). The articulate robot segment accounted for the largest market share of more than 45% in 2016 owing to its cost effective solution for processes that requires flexibility in terms of motion, precision and payload capacity. Asia Pacific automotive robotics market is predicted to grow at a CAGR of 10.1% over the forecast period i.e. 20162024. The market is likely to exceed USD 6.0 billion by the end of 2024. Asia Pacific region dominate the global automotive robotics market in manufacturing of robots, countries in Asia Pacific region also purchases around 35% of all robots worldwide. Many companies are investing in Asia pacific region to grab the growth opportunity. For instance, many robotics companies are investing in China rather than in U.S. as China is providing big growth opportunities owing to its huge consumer base. The largest robotics provider in China are now joint venture between Chinese and foreign countries. German based robot manufacturer is now under the process of being acquired by the China's Midea for USD 4.5 billion and such acquisitions are expected to happen over the next few years, providing growth opportunities for automotive robotics market to grow appreciably.
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Asia-Pacific Automotive Robotics Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis Scope Background Market Synopsis
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Market Segmentation Asia Pacific Automotive Robotics market segmentation as follows: •By Robot Type (Market Size, Demand Analysis and Growth Analysis) •By Application Type (Market Size, Demand Analysis and Growth Analysis) By Country
Japan {Market Size, Growth Analysis and Opportunity Analysis} South Korea {Market Size, Growth Analysis and Opportunity Analysis} China {Market Size, Growth Analysis and Opportunity Analysis} India {Market Size, Growth Analysis and Opportunity Analysis} Singapore {Market Size, Growth Analysis and Opportunity Analysis} Australia {Market Size, Growth Analysis and Opportunity Analysis} New Zealand {Market Size, Growth Analysis and Opportunity Analysis} Rest of APAC {Market Size, Growth Analysis and Opportunity Analysis}
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Asia-Pacific Automotive Robotics Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis Market Dynamics: Growth Drivers, Restraints and Opportunities oRisk Factors oRegional Variations oRecent Trends and Developments
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Key Market Players oSynopsis oBusiness Strategy oProduct Portfolio oSWOT Analysis
Porter’s Five Force Model Market Landscape: Competition and Beyond Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem Expert Analysis Concluding Remarks
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Asia-Pacific Automotive Robotics Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis About Goldstein Research Based in U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Published By: Goldstein Research Copyright
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Asia-Pacific Automotive Robotics Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis
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Asia-Pacific Automotive Robotics Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis
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