Automotive Robotics Market to Witness Steady Growth of 3.8% During 2020-2024 : KUKA Robotics, Rockwell Automation, Stäubli, ABB, Comau SpA, Dürr AG, Fanuc Corporation
Global automotive robotics market size is forecast to surpass USD 5.96 billion by 2024. Vendors are momentously shifting their focus towards automation solutions in order to eliminate risks arising out of human errors. Also, widespread utilization of robotics can lead to marked reduction in labor costs, which will positively impact profitability. Additionally, improvements in robot making technology is estimated to fuel automotive robotics market size.
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