Global Automotive robotics Market to reach USD 13.6 billion by 2025.
Global Automotive robotics Market valued approximately USD 4.34 billion in 2016 is anticipated to grow with a healthy growth rate of more than 13.8% over the forecast period 2017-2025. Key factors which gives growth to the Automotive robotics market are increasing adaptation of automation and robotics within the automotive industry is a major factor expected to drive the market growth and Industrial revolutions and initiatives taken by the government regarding automation of manufacturing sectors boost the sales of automotive robots. The governments are providing tax exemptions for R&D and providing tax cut which will reduce the cost of manufacturing and improve the manufacturing opportunities in the countries rather than going for offshore manufacturing.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
§ Material handling
§ North America
§ Asia Pacific
§ Latin America
§ Rest of the World
Furthermore, years considered for the study are as follows:
Historical year 2015
Base year 2016
Forecast period 2017 to 2025
Some of the key manufacturers involved in the market ABB Ltd., acieta LLC., comau spa., denso corporation, Epson America Inc., fanuc corporation, kuka AG, universal robots AS, Yaskawa electric corporation. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Automotive robotics Market in Market Study:
§ Key Consulting Companies & Advisors
§ Large, medium-sized, and small enterprises
§ Venture capitalists
§ Value-Added Resellers (VARs)
§ Third-party knowledge providers
§ Investment bankers