The global automotive robotics market size was valued at USD 9.2 billion in 2023 and is poised to grow at a significant CAGR of 10.8% during the forecast period 2024-30. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and is further split by nations and categories within each region. The research also includes factors and barriers to the automotive robotics market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global automotive robotics market segmentation:
1) By Component Type: Controller, Robotic Arm, End Effector, Drive and Sensors
2) By Product Type: Cartesian Robots, SCARA Robots, Articulated Robot, and Others
3) By Function Type: Welding Robot, Painting Robot, Assembling and Disassembling Robot, Cutting, and Milling Robot
4) By End-User Type: Vehicle Manufacturers and Automotive Component Manufacturers
The primary factors of the automotive robotics market drivers are the exponential increase in automotive sector. The automotive robotics market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The automotive robotics market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the automotive robotics market report, accounting for the highest share in 2023. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by the automotive robotics market key players are ABB Ltd., KUKA AG, FANUC Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Denso Wave Incorporated, Comau SPA, Nachi-Fujikoshi Corp., Rockwell Automation, Inc., Seiko Epson Corporation is covered here to help them in strengthening their place in the market.
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