Automotive robotics market to grow to $14 billion by 2025 | Robotics
The market is subject to witness a substantial growth due to the rising implementation of automation and robotics in the automotive sector.
Rising adoption of automation and robotics in manufacturing processes has changed overall outlook of the automotive industry since last few decades.
Additionally, rise in initiatives taken by the regional governments to promote use of automation in manufacturing processes are likely to boost the sales of automotive robots.
Initiatives by regional governments include tax exemptions and tax cut, reducing overall manufacturing cost and elevating the manufacturing opportunities for industry players across the globe.
Such factors are anticipated to drive the growth of the market in upcoming years.
Globally, the automotive robotics market is predicted to grow at annual growth rates of of 13.8 percent in the forecast period, which is 2014-2025.