Market Research Report
India Automotive Robotics Market Forecast 2021-2026
|India Automotive Robotics Market Forecast 2021-2026|
Published: September 14, 2021
Content info: 110 Pages
Delivery time: 2-3 business days
The India automotive robotics market is estimated to grow with a CAGR of 13.35% over the forecasting years. The rising need for seamless production activities, as well as the increased demand for automation across numerous sectors, are among the key factors associated with the market growth of the country. The base year considered for the market studied is 2020, the projected period is from 2021 to 2026.
The automotive industry has continued to use robots for their assembly lines over the last few decades, in addition to a variety of manufacturing processes. Presently, automobile manufacturers are exploring the use of robotics in other operations, as well. This is mainly accredited to the fact that robots are highly efficient, flexible, dependable, and accurate, especially along certain lines of production.
India has been a challenging market in terms of the adoption of robots. Besides, the country is not entirely prepared to employ industrial robots. In this regard, Seiko Epson India has been involved in several awareness activities, including conducting roadshows, addressing system integrator needs, and participating in exhibitions.
The aspects impacting the robot density in India entail the cost of robots and the lack of skilled laborers to continue operations related to robotics. However, reskilling and upskilling of employees will likely improve the scenario in the long run. Hence, these factors are set to influence the automotive robotics market growth in India.
Leading firms operating in the market are: Honda Motor Co Ltd, ABB Ltd, Kawasaki Robotics, etc.