North America Automotive Robotics Market to Grow at a CAGR of 9.7% During 2016-2024

Posted on 2018-08-31 by Goldstein Research in Industrial // 0 Comments

New York, USA, 2018-Aug-31 — /EPR Network/ —According to Goldstein Research, North America automotive robotics market is expected to reach USD 6.7 billion by 2024 from USD 5.1 billion in 2016, growing at a CAGR of 9.7% over the forecast period 2016-2024. To meet the North America demand for vehicles automotive industries are shifting towards the automated solutions of vehicle manufacturing by adopting automotive robotics which is thus driving the growth of the market.

North America automotive robotics market segmentation has been done on the basis of robot type, applications and geography. In the automotive industry, robotics are widely used to assist multiple manufacturing functions such as welding, painting, dispensing, material handling among others. Automotive OEMs are expanding their production facility and spending the huge amount on automation of manufacturing units in order to sustain market competition. North America automotive robotics market is dominated by the United States accounted for more than 65% share in the total market. The auto industry employs nearly half of the 233,305 industrial robots in the United States.

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Market Segmentation

North America Automotive robotics Market can be segmented as follows:

By Robot Type

Articulated Robots
Cartesian Robots
Cylindrical Robots
Selective Compliance Assembly Robot Arm (SCARA)

By Applications

Primary Manufacturing Process
Welding
Metal Casting
Cutting
Sealing/Dispensing
Painting
Secondary Manufacturing Process
Material Handling
Packaging
Palletizing
Assembly/Disassembly

By Geography

United States {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
Canada {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}

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“North America Automotive robotics Market Outlook 2024” contains the detailed overview of the North America automotive robotics market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by robot type, applications and geography.

The North America Automotive Robotics Market Report highlights the in-depth analysis of automotive robotics market report that will help the clients to assess their business strategies as per the competitive environment in the market space. The competitive outlook of major North America players discussed in the North America automotive robotics market report includes the business strategies, revenue distribution, financial analysis, product portfolio, R&D activities and investments.

Major players of the North American automotive robotics market discussed in the report are ABB Limited, NOK Corp., Kawasaki Heavy Industries, KUKA Ag, Seiko Epson Corporation, Yaskawa Electric Corporation, FANUC Corporation, Yamaha Robotics, Epson Robotics, Acieta, etc.

Further, North America Automotive robotics Market Report encompasses the major trends & opportunities, market dynamics and other growth factors of the market. The Automotive robotics Market outlook also comprises key challenges, risk analysis, BPS analysis, SWOT Analysis and Market Attractiveness. The market analysis report also highlights the expert analysis to provide the complete overview of the market including the PESTLE analysis of each region and country.

Overall, the report represents the North America automotive robotics market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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