Automotive Robotics Market Size & Share Hit USD 13.6 Billion By 2025Posted by Neha Bora on February 4th, 2020 San Francisco, 4 February 2020: The Report Automotive Robotics Market Size, Share & Trends Analysis Report By Product (Articulated, Cartesian, Cylindrical, Polar, SCARA), By Application (Assembly, Dispensing, Material Handling, Welding), And Segment Forecasts, 2018 – 2025 The global automotive robotics market size is expected to reach USD 13.6 billion by 2025, at a CAGR of 13.8% according to a new report by Grand View Research, Inc. The increasing adaptation of automation and robotics within the automotive industry is a major factor expected to drive the market growth. 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. Articulated robots are expected to grow over the forecast period due to their flexibility and various operations that can be performed by the six axes robots. It can be used for various applications such as welding, material handling, dispensing and material removal applications and the robot has a large work envelope. Articulated robots are growing at a CAGR of 14.4% over the forecast period. The welding application segment holds the largest share of automotive robotics market in 2016 and is expected to reach over USD 5.0 billion by 2025. Robots are being employed in different aspects of the production line due to their large work envelope. Automotive manufacturers widely used robots for spot welding in vehicles. Access Research Report of Automotive Robotics Market @ https://www.grandviewresearch.com/industry-analysis/automotive-robotics-market Further key findings from the report suggest:
Grand View Research has segmented the automotive robotics market on the basis of product, application, and region: Automotive Robotics Product Outlook (Revenue, USD Million, 2014 - 2025)
Automotive Robotics Application Outlook (Revenue, USD Million, 2014 - 2025)
Automotive Robotics Regional Outlook (Revenue, USD Million, 2014 - 2025)
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