Industrial robots market in the automotive industry to grow 3.97 billion

The industrial robots market size in the automotive industry is expected to grow by USD 3.97 billion during 2021-2025, according to the new report from Technavio. The report projects the market to accelerate at a CAGR of almost 7%.

The industrial robots market in the automotive industry market is driven by the increasing adoption of lean and flexible manufacturing. In addition, the growth in the global automotive industry is anticipated to boost the growth of the Industrial Robots Market in the Automotive Industry Market.

The automotive industry is highly competitive in which the players compete on reliability, quality, cost, and delivery. With the adoption of lean manufacturing, the automotive industry players are focusing on producing the required products in the first attempt and thereby eliminating additional costs in the future. Lean manufacturing in the automobile manufacturing process eliminates wastage during the manufacturing process without compromising on productivity. This results in a drastic reduction in the cycle time and improvement in effective runs in the process. The adoption of robots in automobile manufacturing improves productivity and drives the industrial robot market during the forecast period.

Major Five Industrial Robots in the Automotive Industry Companies:

ABB Ltd.
ABB Ltd. provides a comprehensive range of robots (branded under IRB series) to help various manufacturers including automotive manufacturers improve productivity, product quality, and worker safety.

Comau Spa
Comau Spa offers industrial robots for automotive industries under the brand name Comau + F.T. FAMAT.

DENSO Corp.
DENSO Corp. provides a comprehensive range of robots such as four-axis SCARA robots, five, and six-axis articulated robots to help various manufacturers including automotive manufacturers improve productivity, product quality, and worker safety.

FANUC Corp.
FANUC Corp. provides a comprehensive range of robots (branded under ARC Mate series, CR series, Paint Mate and P-series, and M series) to help various manufacturers including automotive manufacturers improve productivity, product quality, and worker safety.

Midea Group Co. Ltd.
Midea Group Co. Ltd. provides a comprehensive range of robots (branded KR QUANTEC series, KR 1000 titan, KR 470-2 PA, KR 30 L16, and KR 16 family) to help various manufacturers including automotive manufacturers improve productivity, product quality, and worker safety.

Industrial Robots Market in the Automotive Industry Market Application Outlook (Revenue, USD billion, 2020-2025)

• Material handling - size and forecast 2020-2025
• Assembly line - size and forecast 2020-2025
• Welding - size and forecast 2020-2025
• Painting and dispensing - size and forecast 2020-2025
• Others - size and forecast 2020-2025

Industrial Robots Market in the Automotive Industry Market Geography Outlook (Revenue, USD billion, 2020-2025)

• APAC - size and forecast 2020-2025
• Europe - size and forecast 2020-2025
• North America - size and forecast 2020-2025
• South America - size and forecast 2020-2025
• MEA - size and forecast 2020-2025

For more details and to access the full report, visit their website.