The Global Automotive Robotic Market was worth US$ 8.89 billion in 2022 and is anticipated to reach a valuation of US$ 16.8 billion by 2028 and is predicted to register a CAGR of 11.45% during 2023-2028.

The branch of science and engineering known as robotics includes streams from mechanical, computer science, electrical, and engineering. Robotics can finish the design, manufacture, use, and operation of robots. With the use of this technology, machines could eventually replace people.

Automobile manufacturing is supported by robots designed specifically for the automotive sector. The largest industry worldwide is the automotive sector. 126000 units have been deployed worldwide, and 95% of major automakers have annual sales of at least $11 billion. During the forecast period, it is anticipated that robotics and automation would increase rapidly. A faster pace of change is also needed in 80% of the automobile sector to increase revenue, safety, and profit. Robot makers have a chance here.

Industrial robotics are being used in the manufacturing process in the car industry. A sizeable section of the automobile industry was made up of articulated robots, and the welding process saw the most extensive usage of robots in the sector. The automobile sector uses efficient, safe, and cost-effective robotic systems that can do their tasks faster than humans can.

Market Drivers and Restraints:

Applications for automotive robots include commercial and domestic ones. Commercial robots are utilized in a variety of fields, including healthcare, agriculture, defense, and the auto industry. In terms of automotive robotic products, articulating robots dominated.

This technology is being purchased by producers for a variety of factors, including quality, safety, and output capacity. The waste brought on by human error is decreased with the use of automotive robotics. Auto manufacturers make an effort to keep time consistent and regulate procedures at each step of the assembly line.

The techniques used to make vehicles involve a number of hazardous jobs that can cause musculoskeletal diseases from lifting to twisting to repetitive motion. By avoiding welding and painting, reduces the risk to humans and will spur the market for automotive robotics to flourish.

The market for automotive robotics will experience slow growth due to high installation costs. The market's ability to grow will be hampered by automation's push for unemployment.

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The report is segmented as follows:

The Garage Equipment Market is segmented by Product; the Market is segmented by Application; the Market is segmented by Components:

By Product (Articulated, SCARA, Parallel, Cylindrical, Cartesian)

By Application (Welding, Handing Operations, Assembly, Paints, and Coatings)

By Components (Hardware [Arms, Controllers, End Effectors, Drive, and Sensor], Software, and Service)

Market Regional Segmentation:

Asia Pacific has the largest revenue and market share for automotive robotics internationally. Due to rising labor expenses and an aging population in China, it was worth USD 2509.8 million in 2017. Due to Automobile 4.0, the market for automotive robotics in China has grown over the past five years and now includes equipment for welding, fluid power, IPS drives, and packaging machinery. Leading nations utilizing automotive robotics are Korea and Japan.

With sales of USD 1 billion in 2017, North America is predicted to expand at a compound yearly growth rate of 13.7% during the forecast period. Due to modernization, automation, and robotization, this region has had the fastest growth.

Italy and Germany dominate the market for automotive robotics in Europe. From 2018 to 2025, it is anticipated to expand at a 3.5% compound annual growth rate. due to the region's significant presence of a robust automobile sector. The recovery of this will enhance demand for market expansion in this region, where the majority of the countries, including Austria, the Netherlands, Spain, and Finland, are experiencing an economic slump.

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Impact of the COVID-19 pandemic on the market:

Because the automobile industry uses the majority of automotive robots, the COVID-19 epidemic has had a significant impact on the robotics automation business globally. The COVID-19 pandemic has slowed down production since consumer demand has decreased globally. Companies are investing less in automation globally, which has had a significant influence on this sector.

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