The Worldwide Automotive Manufacturing Equipment Market is Projected to reach USD 13.3 Billion by 2030, at a CAGR of 10.6%

Automotive Manufacturing Equipment Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Automotive Manufacturing Equipment Market size is expected to reach $13.3 billion by 2030, rising at a market growth of 10.6% CAGR during the forecast period.

The Semi-Automatic segment is showcasing a CAGR of 9.2% during (2023 - 2030). The growth is because only a portion of the manufacturing process is performed by a semi-automatic system, and operators transfer the materials from one machine to the next. With a dependable labor force, semi-automatic production lines are ideal for operations prioritizing speed. They are generally safer, quicker, and more precise than manual fabrication. Also, semi-automatic production lines are more productive than fully automatic systems because more devices allow greater material throughput. Hence, the benefits of the semi-automatic mode of operation are expected to surge the segment's expansion.

The Robot segment is leading the Global Automotive Manufacturing Equipment Market by Equipment Type in 2022 thereby, achieving a market value of $4.4 billion by 2030. This is due to the wide usage of robots in the automotive manufacturing equipment market because of their effectiveness and adaptability in handling various duties. They can carry out repetitive jobs with extreme accuracy and consistency, which improves quality and productivity. Robots can be programmed to do various jobs, such as welding, painting, assembling, and inspecting. They are especially helpful for risky or challenging operations for humans to complete.

The Passenger Vehicles segment has shown the growth rate of 11.1% during (2023 - 2030). The segment's growth is due to the introduction of cutting-edge features and new powertrain technologies, as well as the rise in consumer per capita income; the demand for passenger vehicles is already high and is predicted to expand. According to the International Organization of Motor Vehicle Manufacturers (OICA) 2022 report, there were approximately 57,485,378 passenger vehicle sales worldwide in 2022. Furthermore, developing countries like Mexico, India, and China are all experiencing tremendous growth in the automobile sector.

The Asia Pacific market dominated the Global Automotive Manufacturing Equipment Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.9 billion by 2030. The Europe market is exhibiting a CAGR of 9.9% during (2023 - 2030). Additionally, The North America market would showcase a CAGR of 10.1% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/automotive-manufacturing-equipment-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Ltd, FANUC Corporation, Kuka AG (Midea Group Co., Ltd.), Daifuku Co., Limited, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Ltd., Amada Co., Ltd., Schuler Group GmbH (Andritz Group), Universal Robots A/S (Teradyne, Inc.) and TRUMPF SE + Co. KG.

Global Automotive Manufacturing Equipment Market Segmentation

By Mode of Operation

• Automatic
• Semi-Automatic

By Equipment Type

• Robot
• CNC Machine
• Conveyor Belt
• Stamping Machine
• Welding Machine
• Injection Molding Machine

By Vehicle Type

• Commercial Vehicles
• Passenger Vehicles

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• ABB Ltd
• FANUC Corporation
• Kuka AG (Midea Group Co., Ltd.)
• Daifuku Co., Limited
• Yaskawa Electric Corporation
• Kawasaki Heavy Industries, Ltd.
• Amada Co., Ltd.
• Schuler Group GmbH (Andritz Group)
• Universal Robots A/S (Teradyne, Inc.)
• TRUMPF SE + Co. KG

Related Reports:

North America Automotive Manufacturing Equipment Market Size, 2030

• June-2023
• 105 Pages

LAMEA Automotive Manufacturing Equipment Market Size, 2030

• June-2023
• 117 Pages

Europe Automotive Manufacturing Equipment Market Size, 2030

• June-2023
• 115 Pages

Asia Pacific Automotive Manufacturing Equipment Market Size, 2030

• June-2023
• 117 Pages