Automation is delegating previously human-performed tasks to machines to increase productivity, reduce human error, and facilitate the organization of repetitive tasks. Automobile industries are adopting robotics in their production processes because robots offer numerous advantages, including increased precision, efficiency, adaptability, and dependability. This application of automotive robotics has allowed the automotive industry to become the most automated industry worldwide and one of the most significant users of industrial robots worldwide. In addition, automotive manufacturing robots provide automotive companies with a competitive advantage by enhancing quality, increasing capacity, decreasing warranty costs, and protecting workers from dangerous and challenging tasks. Moreover, car assembly plants use automotive robotics primarily for spot welding, painting, and other applications; however, there are countless opportunities to use automotive robotics throughout the supply chain.
According to Straits Research, “The global automotive robotics market size was valued at USD 6,404 million in 2021, expected to reach USD 17,207 million growing at a CAGR of 13.15% during the forecast period.” The global market for automotive robotics is anticipated to be driven by factors such as the increasing rate of automation in the automotive industry and increases in precision, safety, and productivity. In addition, labor cost reductions within organizations are driving market expansion. However, the high cost of industrial robots hinders the growth of the automotive robotics market. In addition, factors such as the incorporation of industry 4.0 are anticipated to present enormous growth opportunities for the market for automotive robotics over the forecast period.
Europe will hold a share of USD 3,515 million, growing at a CAGR of 14.5%. Automobile manufacturers’ adoption of automotive robotics technology for producing new vehicle models is anticipated to stimulate the market for automotive robotics. France and Germany are expected to contribute to market expansion significantly. Leading German automakers are placing orders for industrial robotics structures to manufacture a new range of vehicles. Volkswagen, a German automaker, has announced that it will acquire digitally controlled industrial robots from KUKA, a German industrial robot manufacturer, in 2020. In addition, the industrial robots installed at Volkswagen’s commercial vehicle plant in Hannover, Germany, are said to be in charge of the planning, assembly, delivery, and commissioning of a fully automated body shop system for the new all-electric ID.