The Latin America, Middle East and Africa Automotive Robotics Market would witness market growth of 13.3% CAGR during the forecast period (2020-2026). Usage of robots by manufacturers offer various benefits like safety, capacity, and quality. It aids in reducing the waste caused by human errors, which leads to the lower variability in vehicle assembly. Automotive manufacturers are working hard to maintain consistent time and control processes in every step of the assembly line. Vehicle production process consists of hazardous tasks that result in musculoskeletal disorders due to twisting, lifting, and repetitive movements. Robotics system minimizes human risks by preventing labourers from the exposure to paint fumes and welding which will boost the revenue share of automotive robotics market.
Adoption of industrial robots increased even before COVID-19, across many industries and countries. Though, after COVID-19, various components have contributed to the increasing adoption of industrial robots. Additionally, the deployment of industrial robots is fuelled by the factors like need to follow social distancing in production plants, higher risks of manufacturing disruptions, and decrease human-to-product contact to prevent the spread of virus.
Robots are deployed by the automotive industry to carry out various tasks that include painting, welding, finishing, and assembly. In order to carry out crash tests to assess the safety of vehicles, robots are utilized. Robots are increasingly used by automotive organizations to save cost and expand their production capabilities. Robots empower manufacturers in the automotive industry to attain high reliability, quality, economic efficiency and less product life cycle cost. The leading companies operating in the automotive robotic solutions include KUKA AG, Yaskawa Electric Corporation, ABB Group, and Fanuc Corporation.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Automotive Robotics Market in LAMEA is expected to register a CAGR of 13.3% 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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