Enjoy complimentary customisation on priority with our Enterprise License!
The industrial robots market share in the automotive industry is expected to increase by USD 3.97 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7%.
This industrial robots market in the automotive industry research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial robots market segmentation in the automotive industry by application (material handling, assembly line, welding, painting and dispensing, and others) and geography (APAC, Europe, North America, South America, and MEA). The industrial robots market in the automotive industry report also offers information on several market vendors, including ABB Ltd., Comau Spa, DENSO Corp., FANUC Corp., Midea Group Co. Ltd., Seiko Epson Corp., Mitsubishi Electric Corp., Kawasaki Heavy Industries Ltd., Universal Robots AS, and Yaskawa Electric Corp. among others.
Download the Free Report Sample to Unlock the Industrial Robots Market Size in the Automotive Industry for the Forecast Period and Other Important Statistics
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing adoption of lean and flexible manufacturing is notably driving the industrial robots market growth in the automotive industry, although factors such as high cost associated with robots may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial robots industry in the automotive industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Industrial Robots Market Driver in the Automotive Industry
One of the key factors driving growth in the industrial robots market in the automotive industry is the Increasing adoption of lean and flexible manufacturing. The automotive industry is highly competitive in which the players compete on reliability, quality, cost, and delivery. In the current scenario, with the demand for vehicles increasing substantially, the competition among players has become more intense; thus, cost reduction has become a primary concern for them. To achieve this objective, automotive industry players are focusing on producing the required products in the first attempt and thereby eliminating additional costs in the future by adopting lean manufacturing. Lean manufacturing refers to the method that reduces waste generated during the manufacturing process without compromising on productivity. It also considers several other wastes, such as waste generated through overburden or unevenness of workloads.
Key Industrial Robots Market Challenge in the Automotive Industry
The high cost associated with robots will be a major challenge for the industrial robots market in the automotive industry during the forecast period. Industrial robots have high-tech hardware components such as smart sensors, controllers, motor, and software. These components increase their associated cost considerably. A typical industrial robot will cost around $80,000, and that may increase if end-users require any customization to meet their operational requirement. Moreover, automotive industry players do not install a single robot; rather, they prefer to automate the entire factory with robots that can perform different applications. For big automotive players, the high cost associated with robots is not a major issue, and they can make a considerable investment in robots to enhance their production. But the robotics market faces a huge challenge due to the minimal adoption of the technology by SMEs. Although a robot offers significant savings in labor costs and a very quick return on investment, there is no widespread awareness among end-users about the cost reductions on account of the use of robots.
This industrial robots market in the automotive industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the industrial robots market in the automotive industry encompasses successful business strategies deployed by the key vendors. The industrial robots market in the automotive industry is fragmented and the vendors are deploying growth strategies such as pricing and marketing strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The industrial robots market in the automotive industry forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Solution
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.