Insights on the Automotive Robotics Global Market to 2027 – by Product Type, Com… – Press Release

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DUBLIN, May 9, 2022 /PRNewswire/ — The “Automotive Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

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The global automotive robotics market reached a value of US$ 8.69 billion in 2021. Looking forward, the market is projected to reach a value of US$ 17.34 billion by 2027, exhibiting a CAGR of 11.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.

Automotive robotics refers to computer-programmed engineering solutions that are extensively employed by manufacturers for performing complex tasks effectively. It offers flexibility, higher efficiency, reliability, and accuracy, which in turn, is helping organizations in improving quality and production capacity, optimizing workflow, eliminating the risk of errors, and providing safety to employees. On account of these properties, automotive robotics is used in vehicle assembly facilities for executing various applications, including spot welding, painting, trimming plastic molding, cutting fabric, and removing unwarranted materials. At present, it is available in varying product types, such as cartesian, articulated polar and cylindrical robots.

Automotive Robotics Market Trends

With the significant expansion in the automotive industry, there has been an increase in the demand for industrial robots to simplify complex production processes, which, in turn, is acting as one of the prime factors driving the market growth. Automotive robots help in enhancing the quality and working capacity at lower costs, which is further supporting the market growth.

Additionally, the rising concerns regarding employee safety due to the increasing instances of injury, manual errors and accidents caused by…

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