According to the research report titled ‘GLOBAL AUTOMOTIVE ROBOTICS MARKET 2021-2028,’ available with MarketStudyReport, global automotive robotics market is expected to grow at 11.63% CAGR during 2021-2028.

The rapid shift towards robotics & automation in automotive sector given its efficiency, and focus on maintaining workplace safety are major parameters facilitating the development of global automotive robotics market.

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Moreover, the elevated production of automobiles due to the surge in demand, combined with the growing inclination towards collaborative robots for optimal working environment are creating profitable opportunities for the enterprises in this line of work.

However, the dearth of upskilled professionals, and the soaring prices of industrial robots are likely to hamper the progress of the business sphere during the forecast period.  

In terms of end-use, the industry is segmented into painting (polishing, coating, spraying, sealing, dispensing), assembly, material handling (AGVs, others), cutting & milling, welding (laser, arc, spot, others), and others. 

Based on component types, worldwide automotive robotics market is categorized into sensors, controller, drive, end effector, robotic arm, and others. While as per robot category, the industry is divided into SCARA robots, cylindrical robots, cartesian robots, articulated robots, and others.

Concerning the geographical aspect, Asia Pacific market is slated to showcase a substantial growth rate during the review period, owing to emerging economies like China, India, Taiwan, etc. being home to leading automakers who have made the region their operating base, and consequently an automotive hub. Moreover, supportive government regulations empowering faster infrastructure enhancement are supporting the growth of the market. 

The established names defining the competitive trends of global automotive robotics industry are Omron Corporation, Yaskawa Electric Corporation, Denso Wave Incorporated, Seiko Epson Corporation, Fanuc Corporation, Honda Motor Company Ltd., Harmonic Drive AG, Durr Systems AG, ABB Ltd., Universal Robots, Comau S.p.A, Kawasaki Robotics Inc., Nachi-Fujikoshi Corporation, Kuka AG, and Yamaha Robotics Holdings among others.