Europe Automotive Robotics Market Size and Share Report 2024-2032

John Cena August 9, 2024 Business Comments Off on Europe Automotive Robotics Market Size and Share Report 2024-2032 5 Views

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.

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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

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