According to a market report by Lucintel, the future of the automotive robotics market looks promising with opportunities in the articulated, Cartesians, cylindrical, and SCARA robot markets. The automotive robotics market is expected to grow with a CAGR of 11% from 2019 to 2024. The major drivers for this market are rising vehicle production, enhancing cost competitiveness through automation in developed countries, high wage inflation, and low robot density in the vehicle manufacturing market.

In this market, articulated robots, Cartesian robots, cylindrical robots, and SCARA robots are the major product type segments. Articulated robot is the largest product type segment of the automotive robotics market.

Controller, Robotics Arm, End Effector, Drive, and Sensor are the major component segment of the automotive robotics market.

Asia Pacific will remain the largest region over the forecast period mainly due to the rising labor cost, particularly in China, and the continuous increase in vehicle production in this region.

ABB Ltd., Kuka, Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Nachi-Fujikoshi Corp., Rockwell Automation, and Seiko Epson Corporation are among the major suppliers of automotive robotics.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive robotics market by product type, by component, by application, and by region. Lucintel has prepared a comprehensive research report titled " Automotive Robotics Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive robotics market by product type, by component, by application, and by region as follows:

By Product Type [$M shipment analysis for 2013 – 2024]:
• Articulated Robots
• Cartesian Robots
• Cylindrical Robots
• SCARA Robots

By Component [$M shipment analysis for 2013 – 2024]:
• Controller
• Robotics Arm
• End Effector
• Drive Sensor

By Application [$M shipment analysis for 2013 – 2024]:
• Primary Manufacturing Process Robots
o Welding
o Painting
o Cutting
• Secondary Manufacturing Process Robots
o Material Handling
o Palletizing
o Packaging
o Assembly/Disassembly

By Region [$M shipment analysis for 2013 – 2024]:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o Russia
o France
o United Kingdom
o Italy
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
• The Rest of the World
o Brazil
o Turkey

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the automotive robotics market by product type (articulated robots, cartesian robots, cylindrical robots, SCARA robots, others), by component (controller, robotics arm, end effector, drive, sensor), by application (primary manufacturing process robots: welding, painting, cutting, secondary manufacturing process robots: material handling, palletizing & packaging, (assembly/disassembly), by region (North America, Europe, Asia Pacific, Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the automotive robotics market?
Q.5 What are the business risks and threats to the automotive robotics market?
Q.6 What are emerging trends in this automotive robotics market and the reasons behind them?
Q.7 What are some changing demands of customers in the automotive robotics market?
Q.8 What are the new developments in the automotive robotics market? Which companies are leading these developments?
Q.9 Who are the major players in this automotive robotics market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this automotive robotics market area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this automotive robotics market?