Global Automotive Robotics Market 2017-2021: $8.44 Billion Industrie 4.0 And Made in China 2025 Industrial Plans Opportunities

Dublin, Jan. 23, 2017 -- Research and Markets has announced the addition of the "Automotive Robotics Market by Type (Articulated, Cartesian, SCARA, Cylindrical), Component (Controller, Robotic Arm, End Effector, Sensors, Drive), Application (Welding, Painting, Cutting, Material Handling), and Region - Global Forecast to 2021" report to their offering.

Rising cost of labor and increasing vehicle production to drive the global automotive robotics market

The global automotive robotics market is estimated to be USD 5.07 billion in 2016, and is projected to reach USD 8.44 billion by 2021

Factors such as wage inflation, automotive OEM's and component suppliers focus on enhancing the overall competitiveness as well as growing vehicle production is expected to drive the market. However, high initial capital expenditure associated with robotics as well as maintenance costs would pose challenge to the growth of overall market in years to come.

The articulated robotics segment is estimated to account for the largest market share in 2016. Within automotive industry, articulated robots are a cost effective solution for processes that require flexibility in terms of motion, working envelope, and payload capacities. Growing demand for wide range of applications in automotive manufacturing is projected to drive the articulate robots markets.

Asia-Pacific is estimated to be the largest market for automotive robotics. The Asia-Pacific automotive robotics market, in terms of value, is projected to post the highest CAGR from 2016 to 2021. This can be mainly attributed to the rising labor cost particularly in China and continuous increase in vehicle production in the region.

Market Dynamics

Drivers

• Rising Vehicle Production
• Enhancing Cost Competitiveness Through Automation in Developed Countries
• Wage Inflation

Restraints

• High Penetration of Robotics in Automotive Industry
• Perception: Automation Pushes Unemployment

Opportunities

• Productivity Optimization
• Industrie 4.0 And Made in China 2025 Industrial Plans
• Low Robot Density in Chinese Automotive Industry

Challenges

• Significant Initial Investment
• Sluggish Growth in the Us Automotive Industry

Major players profiled in the report are:

• ABB Ltd.
  
• Comau Spa
• Denso Wave Incorporated
• Fanuc Corporation
• Kawasaki Heavy Industries
• Kuka Ag
• Nachi-Fujikoshi Corp.
• Rockwell Automation, Inc.
• Seiko Epson Corporation
• Yaskawa Electric Corporation

For more information about this report visit http://www.researchandmarkets.com/research/q8jj4x/automotive

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         Related Topics: Automotive Parts, Robotics