Material handling to contribute the largest market share in the industrial robots market in the automotive industry

The global industrial robots market in the automotive industry to register an incremental growth of USD 2.42 billion, witnessing a CAGR of almost 4% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the industrial robots market in the automotive industry in optimistic, probable, and pessimistic forecast scenarios.

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Technavio has announced its latest market research report titled Global Industrial Robots Market in the Automotive Industry 2020-2024 (Graphic: Business Wire)

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The industrial robots market in the automotive industry will witness a Neutral and Inferior impact during the forecast period owing to the extensive spread of COVID-19 pandemic. Furthermore, as per Technavio’s pandemic-focused research highlights, the market growth is likely to Decrease compared to 2019.

Industrial Robots Market in the Automotive Industry 2020-2024: Vendor Analysis

The market is fragmented. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. With rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.

Major Industrial Robots Market Participants in the Automotive Industry are

  • ABB Ltd.
  • DENSO Corp.
  • FANUC Corp.
  • Fiat Chrysler Automobiles NV
  • Kawasaki Heavy Industries Ltd.
  • Midea Group Co. Ltd.
  • Mitsubishi Electric Corp.
  • Seiko Epson Corp.
  • Universal Robots AS
  • Yaskawa Electric Corp.

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Industrial Robots Market in the Automotive Industry 2020-2024: Segmentation

Industrial Robots Market in the Automotive Industry is segmented as below:

  • Solutions
    • Hardware
    • Software
    • Services
  • Application
    • Material handling
    • Assembly line
    • Welding
    • Painting and dispensing
    • Others

Material handling will account for the largest share due to the growing demand for small robotic arms and other robot parts.

  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

APAC region will account for the highest incremental growth during the forecast period due to the factors such as the growing focus of OEMs towards increasing investments and building new manufacturing plants in APAC coupled with the rising demand for automobiles.

The industrial robots market in the automotive industry is driven by IoT and Industry 4.0 and increasing adoption of lean and flexible manufacturing, as per Technavio’s pandemic impact-focused research study. Furthermore, Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, and significant developments in vendor operations and government regulations in Industrials industry.

For gaining more insights about the impact of COVID-19 pandemic on related reports, check out Technavio’s Industrials section

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Material handling – Market size and forecast 2019-2024
  • Assembly line – Market size and forecast 2019-2024
  • Welding – Market size and forecast 2019-2024
  • Painting and dispensing – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by Application

Market Segmentation by Solution

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • DENSO Corp.
  • FANUC Corp.
  • Fiat Chrysler Automobiles NV
  • Kawasaki Heavy Industries Ltd.
  • Midea Group Co. Ltd.
  • Mitsubishi Electric Corp.
  • Seiko Epson Corp.
  • Universal Robots AS
  • Yaskawa Electric Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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