10.74% CAGR For Automotive Robotics Market To 2021 Led by Articulated Segment
Jan 17, 2017
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 driven by Rising cost of labor and increasing vehicle product while articulated robotics segment is estimated to account for the largest market.
Pune , India - January 17, 2017 /MarketersMedia/ —
The market, in terms of value, is projected to grow at a CAGR of 10.74% from 2016 to 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.
Complete report on global automotive robotics market spread across 138 pages, profiling 10 companies and supported with 86 tables and 49 figures is now available at http://www.reportsnreports.com/reports/813267-automotive-robotics-market-by-type-articulated-cartesian-scara-cylindrical-component-controller-robotic-arm-end-effector-sensors-drive-application-welding-painting-cutting-material-handling-and-re-st-to-2021.html .
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.
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs.
The break-up of the primaries is as follows:
• By Company Type - Tier 1 - 42 %, Tier 2 - 26%, Others - 32%
• By Designation - C level - 40%, D level - 29%, Others - 31%
• By Region - North America - 38%, Europe - 22%, Asia-Pacific - 30%, Rest of the World- 10%
Request a discount on a copy of 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 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=813267 .
Major players profiled in the report are:
• ABB Ltd
• KUKA AG
• FANUC Corporation
• Yaskawa Electric Corporation
• Kawasaki Heavy Industries
• Denso Wave Incorporated
• COMAU S.p.A
• Nachi-Fujikoshi Corp.
• Rockwell Automation, Inc.
• Seiko Epson Corporation
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.
Get a representative sample copy of this research http://www.reportsnreports.com/contacts/requestsample.aspx?name=813267 .
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