North America Automotive Robotics Market Outlook 2024: Opportunity Assessment and Demand Analysis, Market Forecast, 2016-2024

North America Automotive Robotics Market

Market Overview

Automotive manufacturing industry is one of largest industries which shares more than 49% demand of automotive robotics globally. It is one of the very first industries which adopted the concept of automated robots whole heartedly for the manufacturing process. General Motors was the first company to implement automated robots for car manufacturing in 1962. Robotic systems in automotive industry are used to assist various manufacturing processes such as welding, painting, dispensing, material handling among others. Rising demands for automobiles globally made the manufacturers to shift towards automotive robotics in manufacturing as the conventional methods are inappropriate to meet present demand. Growing wage inflations and high demand for precision and quality control are also driving the global automotive robotics market. Adoption of automation ensures the workers safety, quality manufacturing, less wastage of raw materials and ensures to meet market demands on time are the key factors contributing in growth of automotive robotics market. North America automobile sales have grown by 16% in 2016 as compared to sales in 2009. Automotive OEMs are expanding their production facility and spending huge amount on automation of manufacturing units in order to sustain market competition. For instance, USD 1.4 billion expansion has been launched by General Motors to add new equipments and robots to its 1 million square feet plant which is to be increased to 4.7 million square feet by the end of 2018.

Market Segmentation

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 (%)}

Key Drivers and Restraints

Automobile industry is expanding globally owing to growing sales of vehicles coupled with the rapid urbanization and significant economic growth in developing countries. To meet the global demand of vehicles automotive industries are shifting towards the automated solutions of vehicle manufacturing by adopting automotive robotics. Competitive price in developed countries is one of the major factors for the adoption of automotive robots as it reduces the Cost of production with improved quality and precision. Wage inflation is also one of the growth factor for the automotive robotics market. To expand their production capacity, North America automotive OEMs are spending huge amount on automotive robotics for various applications. According to Robotic Industries Association, North American automotive manufacturers spent USD 282 million on robots in 2016, after having spent a combined USD 436 million on robots in 2015. However, perception that automation of manufacturing industries pushes unemployment is expected to hamper the growth of automotive robotics market.

Market Size and Forecast (2016-2024)

The market for automotive robotics in North America was valued at USD 6.7 billion for 2016. It is expected to register a CAGR of 9.7% during the forecast period and reach a market sized of USD 5.1 billion by the end of the forecast period i.e. 2016-2024.

Geographically, United States accounted for the highest revenue share in North America automotive robotics market with more than 65% share in total market. The auto industry employs nearly half of the 233,305 industrial robots in United States. For Instance, Michigan where General Motors and Ford and North American Division of Fiat Chrysler are based accounts for nearly 28,000 robots, which is 12% of nation's total. Canada comprises about 10% of the overall robotics market with a growth rate that surpasses the overall North American market in coming years.

Key Players

• ABB Limited
  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis
• NOK Corp.
• Kawasaki Heavy Industries
• KUKA Ag
• Seiko Epson Corporation
• Yaskawa Electric Corporation
• FANUC Corporation
• Yamaha Robotics
• Epson Robotics
• Acieta

Scope Background

Market Synopsis

Market Segmentation

North America automotive robotics market is segmented as follows:

• By Robot Type (Market Size, Demand Analysis and Growth Analysis)
• By Application Type (Market Size, Demand Analysis and Growth Analysis)

North America Automotive Robotics Market Report covered insights of below mentioned regions:

• USA {Market Size, Growth Analysis and Opportunity Analysis}
• Canada {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

• Risk Factors
• Regional Variations
• Recent Trends and Developments

Key Market Players

• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks