0

Industrial Robots Market in the Automotive Industry by Application, Solutions, and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR44681
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The industrial robots market share in the automotive industry is expected to increase by USD 3.97 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7%.

This industrial robots market in the automotive industry 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 industrial robots market segmentation in the automotive industry by application (material handling, assembly line, welding, painting and dispensing, and others) and geography (APAC, Europe, North America, South America, and MEA). The industrial robots market in the automotive industry report also offers information on several market vendors, including ABB Ltd., Comau Spa, DENSO Corp., FANUC Corp., Midea Group Co. Ltd., Seiko Epson Corp., Mitsubishi Electric Corp., Kawasaki Heavy Industries Ltd., Universal Robots AS, and Yaskawa Electric Corp. among others.

What will the Industrial Robots Market Size in the Automotive Industry be During the Forecast Period?

Industrial Robots Market Size

Download the Free Report Sample to Unlock the Industrial Robots Market Size in the Automotive Industry for the Forecast Period and Other Important Statistics

 

Industrial Robots Market in the Automotive Industry: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing adoption of lean and flexible manufacturing is notably driving the industrial robots market growth in the automotive industry, although factors such as high cost associated with robots 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 industrial robots industry in the automotive industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Robots Market Driver in the Automotive Industry

One of the key factors driving growth in the industrial robots market in the automotive industry is the Increasing adoption of lean and flexible manufacturing. The automotive industry is highly competitive in which the players compete on reliability, quality, cost, and delivery. In the current scenario, with the demand for vehicles increasing substantially, the competition among players has become more intense; thus, cost reduction has become a primary concern for them. To achieve this objective, automotive industry players are focusing on producing the required products in the first attempt and thereby eliminating additional costs in the future by adopting lean manufacturing. Lean manufacturing refers to the method that reduces waste generated during the manufacturing process without compromising on productivity. It also considers several other wastes, such as waste generated through overburden or unevenness of workloads.

Key Industrial Robots Market Challenge in the Automotive Industry

The high cost associated with robots will be a major challenge for the industrial robots market in the automotive industry during the forecast period. Industrial robots have high-tech hardware components such as smart sensors, controllers, motor, and software. These components increase their associated cost considerably. A typical industrial robot will cost around $80,000, and that may increase if end-users require any customization to meet their operational requirement. Moreover, automotive industry players do not install a single robot; rather, they prefer to automate the entire factory with robots that can perform different applications. For big automotive players, the high cost associated with robots is not a major issue, and they can make a considerable investment in robots to enhance their production. But the robotics market faces a huge challenge due to the minimal adoption of the technology by SMEs. Although a robot offers significant savings in labor costs and a very quick return on investment, there is no widespread awareness among end-users about the cost reductions on account of the use of robots.

This industrial robots market in the automotive industry 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 2021-2025.

Who are the Major Industrial Robots Market Vendors in the Automotive Industry?

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

 

  • ABB Ltd.
  • Comau Spa
  • DENSO Corp.
  • FANUC Corp.
  • Midea Group Co. Ltd.
  • Seiko Epson Corp.
  • Mitsubishi Electric Corp.
  • Kawasaki Heavy Industries Ltd.
  • Universal Robots AS
  • Yaskawa Electric Corp.

 

This statistical study of the industrial robots market in the automotive industry encompasses successful business strategies deployed by the key vendors. The industrial robots market in the automotive industry is fragmented and the vendors are deploying growth strategies such as pricing and marketing 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 industrial robots market in the automotive industry forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Industrial Robots Market in the Automotive Industry?

Industrial Robots Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

67% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for industrial robots in the automotive industry in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The staggering economic growth, rising middle-class income, and aspirations of a high standard of living among people have a positive influence on the demand for commercial and passenger vehicles in this region, especially in India, China, and Malaysia. This will facilitate the industrial robots market growth in the automotive industry 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.

What are the Revenue-generating Application Segments in the Industrial Robots Market in the Automotive Industry?

Industrial Robots Market Segmentation

To gain further insights on the market contribution of various segments Request for a FREE sample

The industrial robots market share growth in the automotive industry by the material handling segment will be significant during the forecast period. The main advantages of material handling robots are as follows: Work under harsh and hot conditions, delicate handling of materials without damage, work on multiple processes Improve process efficiency, material handling robots are deployed in automobile manufacturing facilities to improve production efficiency and to use human labor in value-added jobs such as quality control, process control, and R&D. This will drive the adoption of industrial robots for material handling applications.

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

 

Industrial Robots Market Scope in the Automotive Industry

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2021-2025

$ 3.97 billion

Market structure

Fragmented

YoY growth (%)

3.23

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 67%

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Comau Spa, DENSO Corp., FANUC Corp., Midea Group Co. Ltd., Seiko Epson Corp., Mitsubishi Electric Corp., Kawasaki Heavy Industries Ltd., Universal Robots AS, 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, 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.

Request for a FREE sample

What are the Key Data Covered in this Industrial Robots Market in the Automotive Industry Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial robots market growth in the automotive industry during the next five years
  • Precise estimation of the industrial robots market size in the automotive industry and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial robots industry in the automotive industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial robots market vendors in the automotive industry

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Material handling - Market size and forecast 2020-2025
  • Assembly line - Market size and forecast 2020-2025
  • Welding - Market size and forecast 2020-2025
  • Painting and dispensing - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Application

Market Segmentation by Solution

  • Hardware
  • Software
  • Services

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • Comau Spa
  • DENSO Corp.
  • FANUC Corp.
  • Kawasaki Heavy Industries Ltd.
  • Midea Group Co. Ltd.
  • Mitsubishi Electric Corp.
  • Seiko Epson Corp.
  • Universal Robots AS
  • Yaskawa Electric Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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.

TechnavioINFORMATION 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
Technavio

TechnavioDATA 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
Technavio

TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your sample now!
Industrial Robots Market in the Automotive Industry market growth will increase by $3.97 bn during 2021-2025.
The industrial robots market in the automotive industry market is expected to grow at a CAGR of 6.68% during 2021-2025.
Technavio has segmented the industrial robots market in the automotive industry market by application (material handling, assembly line, welding, painting and dispensing, and others) ,geography (APAC, Europe, North America, South America, and MEA) , and geographic (APAC, Europe, North America, South America, and MEA).
ABB Ltd., Comau Spa, DENSO Corp., FANUC Corp., Kawasaki Heavy Industries Ltd., Midea Group Co. Ltd., Mitsubishi Electric Corp., Seiko Epson Corp., Universal Robots AS, Yaskawa Electric Corp. are a few of the key vendors in the industrial robots market in the automotive industry market.
APAC will register the highest growth rate of 67% among the other regions. Therefore, the industrial robots market in the automotive industry market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • Germany
  • South Korea (Republic of Korea)
The key factors driving the industrial robots market in the automotive industry market growth are:
  • Increasing adoption of lean and flexible manufacturing
  • IoT and Industry 4.0
The industrial robots market in the automotive industry market vendors should focus on grabbing business opportunities from the material handling segment as it accounted for the largest market share in the base year.
  • 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?
  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

Certified ISO 9001 : 2015

We are ISO recognized

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Safe and Secure SSL Encrypted
Technavio

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Customized Report as per your Business Needs

  • Our analysts will work directly with you and understand your needs
  • Get data on specified regions or segments, competitor and Vendors
  • Data will be formatted and presented as per your requirements
  • We offer $1000 worth of FREE customization at the time of purchase

Let us help you make report more suited to your requirements.

  • Get a competitive breakdown as per your niche industry
  • Customize the data with various metrics that meet your business prerequisite
  • Understand Revenue Sources, Customers and many more
  • Details on Market Share
  • These customizations are done in a short amount of time by our analysts and industry experts
Technavio
Enquire Before Buying
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>