North America Automotive Robotics Market Worth $ 6.7 Billion by 2024.


Posted March 18, 2020 by Steveblade

According to Goldstein Research, North America automotive robotics market is expected to reach USD 6.7 billion by 2024

 
According to Goldstein Research, North America automotive robotics market is expected to reach USD 6.7 billion by 2024 from USD 5.1 billion in 2016, growing at a CAGR of 9.7% over the forecast period through 2024. To meet the global demand of vehicles automotive industries are shifting towards the automated solutions of vehicle manufacturing by adopting automotive robotics which is thus driving the growth of the market.

North America automotive robotics market segmentation has been done on the basis of robot type, applications and geography. Robotic systems in automotive industry are used to assist various manufacturing processes such as welding, painting, dispensing, material handling among others. Automotive OEMs are expanding their production facility and spending huge amount on automation of manufacturing units in order to sustain market competition.

North America automotive robotics industry is dominated by United States accounted for more than 65% share in total market. The auto industry employs nearly half of the 233,305 industrial robots in United States. Canada comprises about 10% of the overall robotics market with a growth rate that surpasses the overall North American market in coming years.

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Market Segmentation
On the basis of our in-depth analysis, North America Automotive robotics Market can be segmented as follows:

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
o Welding
o Metal Casting
o Cutting
o Sealing/Dispensing
o Painting
o Secondary Manufacturing Process
o Material Handling
o Packaging
o Palletizing
o Assembly/Disassembly
By Geography
o United States {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Canada {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}

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North America Automotive robotics industry analysis report contains detailed overview of the North America automotive robotics market in terms of market segmentation by robot type and applications.

Further, North America 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. This market report also includes competitive outlook of some of the major players profiling of companies such as ABB Limited, NOK Corp., Kawasaki Heavy Industries, KUKA Ag, Seiko Epson Corporation, Yaskawa Electric Corporation, FANUC Corporation, Yamaha Robotics, Epson Robotics, Acieta, 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 the North America automotive robotics market size along with market forecast that will help industry consultants, technology providers, 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.

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Categories Automotive
Tags north america automotive robotics market , north america automotive robotics market size , north america automotive robotics market trends
Last Updated March 18, 2020