Market Research Report
North America Automotive Robotics Market Forecast 2021-2028
|North America Automotive Robotics Market Forecast 2021-2028|
Published: September 14, 2021
Content info: 122 Pages
Delivery time: 2-3 business days
The North America automotive robotics market is anticipated to record a CAGR of 10.83% across the projected years of 2021 to 2028. The market growth of the region is mainly ascribed to the presence of well-established players as well as new research and product developments and the augmenting automotive industry.
The North America automotive robotics market growth assessment entails the analysis of Canada and the United States. Robotics and automation are often used in Canada for tasks such as assembling and handling, in addition to teleoperations, additive manufacturing, and vision-guided quality control. Although the growth of the country's manufacturing sector primarily relies on the implementation of automation and robotics, several firms still regard technology implementation as unappealing.
According to industry sources, the robot density in Canada is 165, owing to the robust automotive sector adoption. This is significantly higher than the average of 113 across the globe. However, beyond the automotive industry, the country's robot adoption is lagging and accounts for 71, as opposed to the United States' density of 139. In this regard, over the last four years, while the average robot density in Canada increased by 20%, it jumped 39% in the United States. Furthermore, Canada is also 44% below the expected robot adoption rate, measured through payback relative to national wage levels. Therefore, these factors are set to influence the automotive robotics market growth in North America during the forecast years.
Eminent companies operating in the market are: Tempo Automation, Universal Robots A/S, Yamaha Robotics, etc.