Industrial Robots Market in Automotive Industry – Rising Adoption of Lean and Flexible Manufacturing Drives Growth …

Industrial Robots Market in Automotive Industry – Rising Adoption of Lean and Flexible Manufacturing Drives Growth …
Like Tweet Pin it Share Share Email

LONDON–(BUSINESS WIRE)–Technavio’s latest market research report on the global
industrial robots market in the automotive industry
provides an
analysis of the most important trends expected to impact the market
outlook from 2018-2022. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

According to Technavio market research analysts, the global industrial
robots market in the automotive industry will grow at a CAGR of
approximately 7% during the forecast period. The increasing
adoption of lean and flexible manufacturing is a major factor driving
the market’s growth.

The automotive industry is highly competitive, and the vendors in the
market compete on reliability, quality, cost, and delivery. In the
present scenario, when the demand for vehicles is increasing
substantially, the competition among players is intense, thereby making
cost reduction a major concern for them. To attain this, industry
players are concentrating on producing required products at first
attempt and eliminating additional cost by adopting lean manufacturing.
Lean manufacturing refers to the method, which reduces waste generated
during the manufacturing process without compromising on productivity.
It also considers several other wastes such as waste generated through
overburden or unevenness of workloads.

This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the
third for FREE:
all Technavio’s current offers

In this report, Technavio highlights the emergence of IoT and industry
4.0 as a key trend driving the global industrial
robots market in the automotive industry

IoT and Industry 4.0

Internet of Things (IoT) is an interconnection of several devices be it
mechanical or digital, which allow data to be transferred from
end-to-end without human interventions. At present, IoT has already been
commercialized in various applications, thereby initiating an industrial
revolution with the advent of Industry 4.0. Also, IoT is further
simplifying the connectivity techniques using internet protocol version
6 (IPv6) based protocol addressing systems.

The interoperability and data readability issues have found better
solutions with the advent of IoT. This technology has revolutionized the
world of robotics by streamlining the working of robots with smart
factory. A network of robots can connect to the cloud and provide
insightful data from mass data. A major application of such technology
interpretation is in asset management and maintenance to optimize
equipment and process efficiency, reduce the cost, and mitigate the risk
of downtime.

“Industry 4.0 and IoT have been gaining traction in automotive
manufacturing facilities. The support extended by governments to
modernize manufacturing facilities has encouraged OEMs in Germany,
Italy, France, the US, and China to enhance productivity. It is expected
that the adoption of IoT and Industry 4.0 in the manufacturing plants
will increase the demand for industrial robots in the automotive
says a senior analyst at Technavio for research on robotics.

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Global industrial robots market in the
automotive industry – segmentation analysis

This market research report segments the global
industrial robots market in the automotive industry
into the
following applications (material handling, assembly line, welding, and
painting and dispensing) and key regions (the Americas, APAC, and EMEA).

In 2017, the global industrial robots market in the automotive industry
was dominated by the material handling application, and it is expected
to retain its position during the forecast period. Material handling is
a major application within automotive manufacturing set up because
handling bulky and complex parts is cumbersome when it must be carried
out manually.

APAC was the leading region for the global industrial robots market in
the automotive industry in 2017, accounting for a market share of close
to 61%. This segment is expected to project significant growth and
dominate the global market throughout the forecast period.

Technavio supports Health for All campaign on this World Health
Day with 20% savings on all reports in the
and Wellness
category for the entire month.

About Technavio

is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

Source link

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *