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North America Automotive Robotics Market to Grow at a CAGR of 9.7% During 2016-2024

According to Goldstein Research, North America automotive robotics market is expected to reach USD 6.7 billion by 2024 from USD 5.1 billion in 2016, growing at a CAGR of 9.7% over the forecast period 2016-2024. To meet the global demand of vehicles automotive industries are shifting towards the automated solutions of vehicle manufacturing by adopting automotive robotics which is thus driving the growth of the market. North America automotive robotics market segmentation has been done on the basis of robot type, applications and geography. Robotic systems in automotive industry are used to assist various manufacturing processes such as welding, painting, dispensing, material handling among others. Automotive OEMs are expanding their production facility and spending huge amount on automation of manufacturing units in order to sustain market competition.

North America automotive robotics industry is dominated by United States accounted for more than 65% share in total market. The auto industry employs nearly half of the 233,305 industrial robots in United States. Canada comprises about 10% of the overall robotics market with a growth rate that surpasses the overall North American market in coming years.

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Market Segmentation

On the basis of our in-depth analysis, North America Automotive robotics Market can be segmented as follows:

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
o   Welding
o   Metal Casting
o   Cutting
o   Sealing/Dispensing
o   Painting
o   Secondary Manufacturing Process
o   Material Handling
o   Packaging
o   Palletizing
o   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 (%)}

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 North America Automotive robotics industry analysis report contains detailed overview of the North America automotive robotics market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by robot type and applications.

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. This market report also includes competitive outlook of some of the major players 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 the North America automotive robotics market size along with market forecast that will help industry consultants, technology providers, 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.

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 industry analysis reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on industrial automation market research 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.

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sales@goldsteinresearch.com
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