Europe Automotive Robotics Market Analysis
The European automotive robotics market is expected to experience significant growth, with its value estimated to increase from US$ 2.67 billion in 2023 to US$ 6.63 billion in 2032. This growth represents a strong compound annual growth rate (CAGR) of 10.65% from 2024 to 2032.
The European automotive industry’s global position in the coming years will be significantly shaped by its formal adoption of new climate change initiatives and the increased integration of digital technologies. The European Commission has proposed various initiatives to address these challenges, but the European Parliament will play a pivotal role in defining future actions and regulations. This will set the stage for the automotive industry to transition into a greener and more technologically advanced landscape.
Request a free sample copy of the report: https://www.renub.com/europe-automotive-robotics-market-p.php
Driving Factors in the Europe Automotive Robotics Market
The Rise of Automotive Robotics in the European Community: The adoption of automotive robotics in the European community is being fueled by a strong commitment to enhancing operational efficiency, creating better working conditions, and prioritizing the safety and well-being of workers. The outlook for this market is highly optimistic, with an increasing number of industry participants focusing on technological advancements, particularly in the areas of production, environmental sustainability in manufacturing processes, and developing strategies to reduce operational expenses. Major industry leaders have also made substantial investments in new fully automated production facilities, while exploring opportunities in emerging markets, paving the way for a notable revenue growth.
Emphasize the impact on efficiency and meeting consumer demand: The automotive industry is experiencing significant growth in Europe, and this upward trajectory is expected to continue in the coming years. The increasing demand for vehicles is being driven by higher consumer purchasing power and advancements in vehicle technology across various categories such as cars, two-wheelers, trucks, buses, and off-road vehicles. To meet this growing demand, there is a noticeable shift towards the integration of robotics in automobile assembly processes. Manufacturers are turning to industrial robots with specialized features to enhance flexibility and efficiency in their assembly lines.
Emergence of advanced technologies: The continuous advancements in technology have led to a growing market for e-vehicles. This expansion can be largely credited to the integration of robotic operations that streamline automobile production processes. In response to the high demand in the European automotive industry, robot manufacturers are introducing a variety of robotic models tailored to meet the specific needs of this targeted market segment.
Germany Automotive Robotics Market
Germany has widely adopted automation in automobile industries, with a focus on electrically powered cars. Industrial robotics, particularly for welding, are being utilized in the automobile sector. The use of robotic systems aims to cut costs, reduce work time, improve product quality, and minimize mistakes. Leading auto makers like Ford and BMW are implementing technology in their manufacturing plants. Companies are investing in robotics for manufacturing efficiency, especially in electric vehicle (EV) production. The increasing demand for EVs and advancements in vehicle technologies are expected to drive growth in automotive robotics, with plans for new robot models to meet the high demand.
Europe Automobile Robotics Market Company Analysis
The European automobile robotics market includes major companies such as ABB, Fanuc Corporation, Rockwell Automation Inc., Yaskawa Electric Corporation, Kuka AG, Kawasaki Heavy Industries, Ltd, Harmonic Drive Systems Inc., Omron Corporation, and Yamaha Motor Co. Ltd.
Europe Automobile Robotics Market Company News
FANUC unveiled the CRX family of collaborative robots in February 2022, including models with 5 kg, 20 kg, and 25–30 kg payloads. These robots build on the success of the CRX-10iA and CRX-10iA/L cobot models, marking a significant step forward in the company’s product innovation.
BMW i Ventures invested in Plus One Robotics, a vision software developer for logistical robots, in April 2021. The investment aims to speed up supply chain and logistics automation and improve the warehouse operator experience.
By Component – Market breakup in 6 viewpoints:
- Sensors
- Controller
- End Effector
- Robotic Arm
- Drive
- Others
By Types- Automotive Robotics Market breakup in 5 viewpoints:
- Articulated
- Cartesian
- Scara
- Cylindrical
- Others
By Application- Market breakup in 5 viewpoints:
- Welding
- Material Handling
- Painting
- Cutting
- Others
Country- Europe Automotive Robotics Market breakup in 7 viewpoints
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
All the key players have been covered from 4 Viewpoints:
- Overviews
- Recent Developments & Strategies
- Product Portfolio & Product Launch in Last 1 Year
- Revenue
Key Players Analysis
- ABB
- FANUC CORPORATION
- Yaskawa Electric Corporation
- Omron Adept Robotics
- Kawasaki Robotics
- Harmonic Drive System
- Nachi-Fujikoshi Corp.
- KUKA Robotics
Related Reports:
United States Automotive Robotics Market
About the Company:
Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 9000 syndicated reports and worked on more than 750 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.
Contact Us:
Renub Research
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)
Email: info@renub.com
LinkedIn: https://in.linkedin.com/company/renub-research
Website: https://www.renub.com/
Leave a Reply
You must be logged in to post a comment.