Automotive Bearing Market | COVID-19 Impact

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The crucial factor driving the global automotive robotics market growth is the adoption of automation that ensures quality production and meets market demand on time. The increased concerns for labor safety are also encouraging companies to prefer automation and use automotive robots. 

The global automotive robotics market has been segmented on the basis of product type, application, type, and lastly, region. Based on product type, this market has been segmented into a Cartesian robot, articulated robot, and SCARA robot. Also, known as Cartesian coordinate robot, a Cartesian robot has three principal axes of control that are linear. These axes do not rotate but rather move in a straight line. An articulated robot has rotary joints. The full form of SCARA is Selective Compliance Articulated Robot Arm or Selective Compliance Assembly Robot Arm.

The application-based segmentation can segment the market into the assembly, welding, painting, stamping, and others. By type, the market can be segmented into software, hardware, and service.

As per the regional segmentation, the global COVID-19 Impact Analysis can be segmented into regional markets known as Europe, North America, Asia Pacific, and the rest of the world (RoW). In North America, the market is expanding due to technological advancement and the rapid demand & adoption of robotics technology. The exigent country-specific markets in this region are the USA, Canada, and Mexico, followed by the remaining countries of North America.  

During the forecast period, the regional market in Europe is likely to experience substantial raise due to the presence of a strong automotive industry in this region. The most important country-specific markets in Europe include France, Germany, Italy, Sweden, and the UK, followed by the remaining countries of Europe.

The Asia Pacific regional market can grow considerably during the forecast period due to rising automotive industries and rapid industrialization. The foremost country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.

Key Players

The major players in the global automotive robotics market include ABB Group (Switzerland), Denso Wave Incorporated (Japan), Comau SPA (Italy), Fanuc Corporation (Japan), Dürr AG

 

 

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