According to Goldstein Research, “Rising market competition and growing sale of automobiles tend the OEMs to shift towards automation of production facility for faster production at lower cost." Increasing sales of automotive robots in North America region has shown the untapped potential of market, more players are now entering the market whereas big players are expanding their business in high demand verticals. North America automotive robotics market is anticipated to project robust growth in upcoming 5-6 years. The interest in robotics expected to remain strong not just in North America, but across the globe, as major industries recognize that robots can help them to improve productivity, product quality and flexibility. North America automotive robotics market segmentation has been carried out on the basis of robots and applications. Robot segment is further bifurcated into articulated robots, cartesian robots, cylindrical robots and selective compliance assembly robot arm (SCARA). Articulated robots are estimated to have largest share as compared to Cartesian and SCARA robots due to its wide presence and multi functionality. North America automotive robotics market size reached USD 6.7 billion in 2016. The market is further 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. Canada makes up around 10% of total North America robotics market. In 2015, 3,222 robots worth USD 201 million were ordered by Canadian Companies. The automotive and automotive component industries combined accounted for 68% of the Canadian robotics market in 2016. Two heavily automotive processes- arc welding and spot welding comprises of 51% of the robotic application in Canadian automotive industry. Canada makes up around 10% of total North America robotics market. In 2015, 3,222 robots worth USD 201 million were ordered by Canadian Companies. The automotive and automotive component industries combined accounted for 68% of the Canadian robotics market in 2016. Two heavily automotive processes- arc welding and spot welding comprises of 51% of the robotic application in Canadian automotive industry.
Request for TOC@ https://www.goldsteinresearch.com/toc-request/north-america-automotive-robotics-market-outlook-2024-opportunity-assessment-and-demand-analysis-market-forecast-2016-2024
Market Segmentation
• By Robot Type
o Articulated Robots
o Cartesian Robots
o Cylindrical Robots
o Selective Compliance Assembly Robot Arm (SCARA)
• By Applications
o Primary Manufacturing Process
 Welding
 Metal Casting
 Cutting
 Sealing/Dispensing
 Painting
o Secondary Manufacturing Process
 Material Handling
 Packaging
 Palletizing
 Assembly/Disassembly
• By Geography
o United States {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Canada {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
“North America Automotive Robotics Market Outlook 2024” contains detailed overview of the North America automotive robotics market in terms of market segmentation by robot type, by packaging type and by distribution channel.
Further, for the in-depth analysis, North America automotive robotics market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
North America Automotive Robotics Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as ABB Limited, NOK Corp., Kawasaki Heavy Industries, KUKA Ag, Seiko Epson Corporation, Yaskawa Electric Corporation, FANUC Corporation, Yamaha Robotics, Epson Robotics, Acieta etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the North America automotive robotics market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Browse full market report@ https://www.goldsteinresearch.com/report/north-america-automotive-robotics-market-outlook-2024-opportunity-assessment-and-demand-analysis-market-forecast-2016-2024
About Goldstein Research
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our analysts working on latest robotics industry market reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
Send Us Sample Request@ https://www.goldsteinresearch.com/request-sample/north-america-automotive-robotics-market-outlook-2024-opportunity-assessment-and-demand-analysis-market-forecast-2016-2024
Contact for more Info:
Steve Blade
(Global Sales Head)
USA: + 1-646-568-7747
Canada: 1-437-886-1181
UK: +44-203-318-6627
[email protected]
www.goldsteinresearch.com