According to Goldstein Research, “Growing automobile industry and rising need to automate the manufacturing process are the major factors driving the growth of Asia-Pacific Automotive robotics market." Concern towards worker's safety is also playing an important role towards high adoption rate of automotive robotics in manufacturing industries. Installation of robots ensures labours safety by keeping away them from exposure
to welding and paint fumes. Asia Pacific automotive robotics market segmentation has been carried out on the basis of robots and applications. Robot segment is further bifurcated into articulated robots, Cartesian robots, cylindrical robots and Selective Compliance Assembly Robot Arm (SCARA). The articulate robot segment accounted for the largest market share of more than 45% in 2016 owing to its cost effective solution for processes that requires flexibility in terms of motion, precision and payload capacity. Asia Pacific automotive robotics market is predicted to grow at a CAGR of 10.1% over the forecast period i.e. 2016-2024. The market is likely to exceed USD 6.0 billion by the end of 2024. Asia Pacific region dominate the global automotive robotics market in manufacturing of robots, countries in Asia Pacific region also purchases around 35% of all robots worldwide. Many companies are investing in Asia pacific region to grab the growth opportunity. For instance, many robotics companies are investing in China rather than in U.S. as China is providing big growth opportunities owing to its huge consumer base. The largest robotics provider in China are now joint venture between Chinese and foreign countries. German based robot manufacturer is now under the process of being acquired by the China's Midea for USD 4.5 billion and such acquisitions are expected to happen over the next few years, providing growth opportunities for automotive robotics market to grow appreciably.
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Market Segmentation
• By Robot Type
o Articulated Robots
o Cartesian Robots
o Cylindrical Robots
o Selective Compliance Assembly Robot Arm (SCARA)
• By Applications
o Primary Manufacturing Process
 Welding
 Metal Casting
 Cutting
 Sealing/Dispensing
 Painting
o Secondary Manufacturing Process
 Material Handling
 Packaging
 Palletizing
 Assembly/Disassembly
• By Countries
o China {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o Japan
o India
o Australia
o South Korea
o Singapore
o New Zealand
o Rest of APAC
“Asia Pacific Automotive Robotics Market Outlook 2024” contains detailed overview of the Asia Pacific automotive robotics market in terms of market segmentation by robot type and by applications.
Further, for the in-depth analysis, Asia pacific automotive robotics market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Asia Pacific Automotive Robotics Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as ABB Ltd., NOK Corp., Kawasaki Heavy Industries, KUKA Ag, Seiko Epson Corporation, Yaskawa Electric Corporation, FANUC Corporation etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the Asia Pacific automotive robotics market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Browse full market report@ https://www.goldsteinresearch.com/report/asia-pacific-automotive-robotics-market-outlook-2024-regional-opportunity-and-demand-analysis-market-forecast-2016-2024
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