![]() How Automotive Robotics impacts the Automobile industryA Story by Marsh![]() Automotive Robotics Industry is likely to Exceed USD 16 billion by 2024![]() 19 November
2018, The global Automotive Robotics Market is
predicted to grow at a CAGR surpassing 11% over the forecast period
(2016-2024). The market is likely to exceed USD 16 billion by 2024. Demand for
trucks, cars, buses, and off-road vehicles will drive the industry. Growth in
automotive manufacturing will increase the demand for automotive robots.
Investment in new production capacity of emerging markets could add to market
growth. Modernization in automobile manufacturing can stand to benefit the
market. Improvements
in technology, production capacity, and sustainability are expected to augment
demand. Investments to enhance production capacity in fledgling markets will
also play a key role. Greater need for precision & quality control
stimulates the demand for automotive robotics. The lack of skilled labor and
rising wages are the other market drivers. However, high capital investment,
uncertain return on investment, and lack of skilled labor for mechanical
operations can inhibit industry growth. The global automotive robotics market is split into applications, products, and regions. Applications include automated guided vehicles (AGVs), assembling, painting, welding, cutting, and dispensing, among others. Robots are deployed to find the minutest manufacturing differences in handling activities. The robot-to-robot work ensures quality and efficiency of the product. Painting of
a vehicle is an integral part of its manufacturing process. It calls for
consistency and precision throughout production. When used for painting,
automotive robots employ flow meters. These reduce wastage and ensure that the
paint is evenly coated on the vehicle body. Companies direct their R&Ds
towards enhancing productivity and reducing costs & delivery time. Furthermore,
automotive robots perform tasks, such as laser welding, machine loading,
material handling, packaging, parts leaning, palletizing, pick & place,
polishing, sealing, spraying, and welding. These applications can augment
market demand during the forecast period.
Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-robotics-market © 2018 Marsh
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Added on November 19, 2018 Last Updated on November 19, 2018 Author![]() MarshFelton, CAAboutInformation about New Innovation in healthcare Sector, new trends, technology development more..Writing
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