The Asia Pacific Automotive Robotics Market would witness market growth of 12.8% CAGR during the forecast period (2020-2026). Robots are increasingly used in multiple industries like medicine, farming, and defense and automotive is no exception to this. Moreover, adoption of robots in automotive industry is cost-effective & safe. Further, robots are capable of doing their task in an efficient way in comparison to their human counterparts. Seemingly, operating costs can be minimized by improving operational flexibility. The demand for automotive robotics will be boosted by the need for decreasing the raw material wastes and the number of errors at the workplace in the vehicle part manufacturing.
There are various benefits of adopting robotics in the manufacturing processes of automobile industry. It offers better efficiency, increased precision, flexibility, and reliability on production line. Hence, with the use of robots, automotive industry has become the most automated industry across the world and one of the biggest users of industrial robots in the world. By employing automotive robots in manufacturing, automotive companies get a competitive edge as these robots offer superior quality, decreased warranty cost, increase capacity, and prevents employees from hazardous jobs. Moreover, automotive robotics is adopted by the car assembly plants for applications like painting, spot welding, and others. Though, there are various opportunities to use automotive robotics across the supply chain.
Acceptance of industrial robots in the manufacturing plant provides the automobile manufacturer with a competitive edge. The automotive robotics offer many benefits in manufacturing plant like superior quality, increase in capacity, decrease in warranty costs, reduce barriers, and prevents employees from hazardous working condition. Additionally, when automotive robotics replace workers, major inaccurate workflow is decreased, as a result, increase productivity, and precise output. Besides, incorporation of robots in manufacturing facility permits constant flow of operation with smooth processes.
Based on Type, the market is segmented into Articulated, Cartesian, Cylindrical, SCARA, and Others. Based on Component, the market is segmented into Robotic Arm, End Effector, Sensors, Controller, Drive and Others. Based on Application, the market is segmented into Material Handling, Welding, Painting & Cutting and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Automotive Robotics Market in Asia Pacific is expected to register a CAGR of 12.8% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Kuka AG, FANUC Corporation, Yaskawa Electric Corporation, Denso Corporation (Denso Wave, Incorporated), Rockwell Automation, Inc., Seiko Epson Corporation, Kawasaki Heavy Industries, Ltd., Fiat Chrysler Automobiles N.V. (Comau S.P.A) and Nachi-Fujikoshi Corporation.
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