Day: October 15, 2021

Industrial Robots Market in Automotive Industry to grow by USD 3.97 Bn | APAC to Occupy 67% Market Share | Technavio | State

NEW YORK, Oct. 12, 2021 /PRNewswire/ — The industrial robots market in the automotive industry is set to grow by USD 3.97 billion from 2021 to 2025, accelerating at a CAGR of almost 7%, according to the latest research report from Technavio.

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The report on the industrial robots market in the automotive industry provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report identifies the increasing adoption of lean and flexible manufacturing as one of the major factors driving the growth of the market. Also, the advent of IoT and Industry 4.0 will be crucial in fueling the growth of the market over the forecast period.

The industrial robots market in the automotive industry is segmented by application (material

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