Articulated Robots Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Aug 2022 Pages: 149 SKU: IRTNTR46694

The articulated robots market share is expected to increase by USD 6.59 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.12%.

This articulated robots market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers articulated robots market segmentation by end-user (automotive, electrical and electronics, heavy machinery, metal, and others) and geography (APAC, Europe, North America, the Middle East and Africa, and South America). The articulated robots market report also offers information on several market vendors, including ABB Ltd., Comau Spa, DAIHEN Corp., DENSO Corp., Epson Europe B.V, FANUC AMERICA CORPO., HIRATA Corp., Hiwin Corpo., HYUNDAI ROBOTICS, IAI Industrieroboter GmbH, Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI-FUJIKOSHI CORP., NIMAK GmbH, OMRON Corp., Shibaura Machine Co. Ltd, Staubli International AG, Yamaha Motor Co. Ltd., and Yaskawa Electric Corp. among others.

What will the Articulated Robots Market Size be During the Forecast Period?

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Articulated Robots Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The growing demand from APAC is notably driving the articulated robots market growth, although factors such as increased competition from a shortage of skilled labor may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the articulated robots industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Articulated Robots Market Driver

The growing demand from APAC is one of the major drivers impacting the articulated robots market growth. Rapid industrialization in economies such as India, Japan, China, North Korea, and South Korea is driving the demand for articulated robots in APAC. The growing government initiatives in the region, such as Made in China 2025, Manufacturing 3.0 by South Korea, and Productivity 4.0 by Taiwan, are a few of such initiatives that are creating a lucrative market for articulated robots in APAC. Besides, other noticeable factors such as the growing automotive, electrical and electronics, chemical, and food and beverage industries are expected to propel the adoption of articulated robots in APAC during the forecast period.

Key Articulated Robots Market Trend

The emergence of collaborative robots is one of the major trends influencing the articulated robots market growth. Large industrial robots work within fences while performing heavy payload lifting to ensure the safety of workers. Vendors are putting in tremendous efforts to enhance the collaboration capabilities of these robots, which will increase their adoption among industry players. The rising trend of collaborative robots will have a major impact on the global articulated robots market. Collaborative robots are robots that can work alongside human workers to create a safe and efficient workspace, besides assisting humans in repetitive and tedious tasks. These robots are equipped with several fittings such as paint-spray heads, mechanical grippers, welding heads, vacuum grippers, and electromechanical grippers. Apart from advanced coordination, these robots are less expensive, which increases their popularity among industry players, leading to the further growth of the global articulated robots market during the forecast period.

Key Articulated Robots Market Challenge

The shortage of skilled labor is one of the major trends influencing the articulated robots market growth. Robotic technology is an advanced method to operate industrial functions accurately at a much better speed. This technology requires the collaboration of skilled industrial workers who can understand the data exchange between robots and the assembly line. Manufacturers are increasingly integrating robotic systems with data acquisition systems for data analysis. However, to gain actual benefit from these systems, the workforce should be skilled enough to gain insights. However, a lack of knowledge and skillset for such data analysis limits the actual benefit of such systems. Moreover, due to the growing aging population in countries such as Europe and the US, there is a demographic crunch, resulting in a shortage of skilled workers. 

This articulated robots market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global articulated robots market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the articulated robots market during the forecast period.

Who are the Major Articulated Robots Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Comau Spa
  • DAIHEN Corp.
  • DENSO Corp.
  • Epson Europe B.V
  • FANUC AMERICA CORPO.
  • HIRATA Corp.
  • Hiwin Corpo.
  • HYUNDAI ROBOTICS
  • IAI Industrieroboter GmbH
  • Kawasaki Heavy Industries Ltd.
  • MIDEA Group Co. Ltd.
  • Mitsubishi Electric Corp.
  • NACHI-FUJIKOSHI CORP.
  • NIMAK GmbH
  • OMRON Corp.
  • Shibaura Machine Co. Ltd
  • Staubli International AG
  • Yamaha Motor Co. Ltd.
  • Yaskawa Electric Corp.

 

This statistical study of the articulated robots market encompasses successful business strategies deployed by the key vendors. The articulated robots market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The articulated robots market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Articulated Robots Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the articulated robots market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Articulated Robots Market?

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39% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for articulated robots in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increasing production capacities will facilitate the articulated robots market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the articulated robots market in APAC witnessed certain challenges. The outbreak of COVID-19 affected many countries in the region, such as China, India, South Korea, and Japan. The pandemic affected the economy of the region and supply chain activities across end-user industries. To prevent the community spread of the disease, governments of various countries in APAC announced nationwide lockdowns, which resulted in the temporary closure of the production units of end-user industries such as electrical and electronics, automobile, and heavy machinery. 

What are the Revenue-generating End-user Segments in the Articulated Robots Market?

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The articulated robots market share growth in the automotive segment will be significant during the forecast period. The automotive industry was one the largest and quickest adopters of articulated robots, and the trend continued in 2020. Articulated robots, in general, are considered more affordable and reliable than traditional pneumatic tooling and hard fixtures.

This report provides an accurate prediction of the contribution of all the segments to the growth of the articulated robots market size and actionable market insights on the post-COVID-19 impact on each segment.

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Articulated Robots Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 10.12%

Market growth 2022-2026

$ 6.59 billion

Market structure

Fragmented

YoY growth (%)

12.39

Regional analysis APA

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 39%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Comau Spa, DAIHEN Corp., DENSO Corp., Epson Europe B.V, FANUC AMERICA CORPO., HIRATA Corp., Hiwin Corpo., HYUNDAI ROBOTICS, IAI Industrieroboter GmbH, Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI-FUJIKOSHI CORP., NIMAK GmbH, OMRON Corp., Shibaura Machine Co. Ltd, Staubli International AG, Yamaha Motor Co. Ltd., and Yaskawa Electric Corp. 

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Articulated Robots Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive articulated robots market growth during the next five years
  • Precise estimation of the articulated robots market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the articulated robots industry across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of articulated robots market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Automotive - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Automotive - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
    • 5.4 Electrical and electronics - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Electrical and electronics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Electrical and electronics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Electrical and electronics - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Electrical and electronics - Year-over-year growth 2021-2026 (%)
    • 5.5 Heavy machinery - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Heavy machinery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Heavy machinery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Heavy machinery - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Heavy machinery - Year-over-year growth 2021-2026 (%)
    • 5.6 Metal - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Metal - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Metal - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Metal - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Metal - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 48: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 101: ABB Ltd. - Overview
              • Exhibit 102: ABB Ltd. - Business segments
              • Exhibit 103: ABB Ltd. - Key news
              • Exhibit 104: ABB Ltd. - Key offerings
              • Exhibit 105: ABB Ltd. - Segment focus
            • 10.4 Comau Spa
              • Exhibit 106: Comau Spa - Overview
              • Exhibit 107: Comau Spa - Product / Service
              • Exhibit 108: Comau Spa - Key offerings
            • 10.5 Epson Europe B.V
              • Exhibit 109: Epson Europe B.V - Overview
              • Exhibit 110: Epson Europe B.V - Product / Service
              • Exhibit 111: Epson Europe B.V - Key offerings
            • 10.6 FANUC AMERICA CORPO.
              • Exhibit 112: FANUC AMERICA CORPO. - Overview
              • Exhibit 113: FANUC AMERICA CORPO. - Product / Service
              • Exhibit 114: FANUC AMERICA CORPO. - Key offerings
            • 10.7 MIDEA Group Co. Ltd.
              • Exhibit 115: MIDEA Group Co. Ltd. - Overview
              • Exhibit 116: MIDEA Group Co. Ltd. - Business segments
              • Exhibit 117: MIDEA Group Co. Ltd. - Key offerings
              • Exhibit 118: MIDEA Group Co. Ltd. - Segment focus
            • 10.8 Mitsubishi Electric Corp.
              • Exhibit 119: Mitsubishi Electric Corp. - Overview
              • Exhibit 120: Mitsubishi Electric Corp. - Business segments
              • Exhibit 121: Mitsubishi Electric Corp. - Key news
              • Exhibit 122: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 123: Mitsubishi Electric Corp. - Segment focus
            • 10.9 NACHI-FUJIKOSHI CORP.
              • Exhibit 124: NACHI-FUJIKOSHI CORP. - Overview
              • Exhibit 125: NACHI-FUJIKOSHI CORP. - Product / Service
              • Exhibit 126: NACHI-FUJIKOSHI CORP. - Key offerings
            • 10.10 OMRON Corp.
              • Exhibit 127: OMRON Corp. - Overview
              • Exhibit 128: OMRON Corp. - Business segments
              • Exhibit 129: OMRON Corp. - Key news
              • Exhibit 130: OMRON Corp. - Key offerings
              • Exhibit 131: OMRON Corp. - Segment focus
            • 10.11 Yamaha Motor Co. Ltd.
              • Exhibit 132: Yamaha Motor Co. Ltd. - Overview
              • Exhibit 133: Yamaha Motor Co. Ltd. - Business segments
              • Exhibit 134: Yamaha Motor Co. Ltd. - Key offerings
              • Exhibit 135: Yamaha Motor Co. Ltd. - Segment focus
            • 10.12 Yaskawa Electric Corp.
              • Exhibit 136: Yaskawa Electric Corp. - Overview
              • Exhibit 137: Yaskawa Electric Corp. - Business segments
              • Exhibit 138: Yaskawa Electric Corp. - Key offerings
              • Exhibit 139: Yaskawa Electric Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 140: Inclusions checklist
                • Exhibit 141: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 142: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 143: Research methodology
                • Exhibit 144: Validation techniques employed for market sizing
                • Exhibit 145: Information sources
              • 11.5 List of abbreviations
                • Exhibit 146: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  INFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases

                  DATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts

                  REPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape

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                  Key Questions Answered

                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?

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