The North America Automotive Robotics Market would witness market growth of 12.1% CAGR during the forecast period (2020-2026). Automotive robotics systems aid in the manufacturing process like assembling, welding, cutting, dispensing, painting and others. With the help of automotive robotics, operational cost of the manufacturing process is reduced significantly. It is because automotive robots aid in enhancing quality & operational flexibility, reduce manufacturing & production errors, and also decrease wastage of the raw material. The automotive robotics market is boosted by the adoption of automation to improve quality production, rising concerns for labour safety, and to cater to the rising market demand.
The dynamic nature of automotive industry needs high flexibility from automotive manufacturers. Hence, the manufacturers are increasing their capabilities by integrating smart product systems and flexible logistics systems. Over the years, the automotive industry has been using industrial robots in their manufacturing process. Automotive robotic systems are cost-effective, efficient and safe as they are faster than their human counterparts. Enhanced operational flexibility ensures the reduction in operating costs, minimizing raw material wastage, and errors in the workflow, thereby offering lucrative opportunities for the market players.
In order to save costs and decreasing time of production, automotive companies are automating their manufacturing processes. Adoption of robots in manufacturing of vehicle parts has also assisted in enhancing the quality of the vehicles along with decreasing the work stress of the employees. With the stringent enforcement of safety laws, companies in the manufacturing industry adopt robots to perform tasks in dangerous environments.
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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Automotive Robotics Market in North America is expected to register a CAGR of 12.1% 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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