Global $11.4 Billion Automotive Manufacturing Equipment Market Outlook, 2028 – Increasing Demand for ML and AI by Automobile Companies Presents Lucrative Opportunities

, /PRNewswire/ — The report has been added to offering. The global automotive manufacturing equipment market is poised for substantial growth, with the market size estimated to expand from in 2023 to by 2028, at an impressive CAGR of 11. 1% during the forecast period from 2023 to 2028.

This growth is driven by multiple factors, including the rising demand for automobiles, especially in emerging markets, prompting manufacturers to expand their production capabilities. Moreover, continuous technological advancements in the industry, such as robotics and automation, are leading to more advanced and efficient manufacturing equipment. Additionally, government initiatives focusing on reducing carbon emissions and improving fuel efficiency are driving the demand for specialized manufacturing equipment for electric and hybrid vehicles, presenting lucrative opportunities for innovation and success in the market.

The robots segment is expected to hold the largest share of the automotive manufacturing equipment market during the forecast period. This is attributed to several factors, including the significant increase in productivity achieved by robots due to their continuous operation without breaks, reducing downtime and enhancing efficiency. Robots’ precision and consistency in completing tasks lead to higher-quality output and increased customer satisfaction.

Safety is another critical driver for the adoption of robots in automotive manufacturing, as they can handle hazardous or repetitive tasks, minimizing the risk of workplace injuries and improving worker safety. Furthermore, automation of certain processes results in cost savings, improved efficiency, and increased production volumes of high-quality products, leading to higher profitability and market share for companies. The automatic segment is expected to grow at a significant CAGR during the forecast period, fueled by technological advancements in automation systems, making them more reliable and efficient compared to semi-automatic and manual systems.

Automatic systems require less human intervention, resulting in faster and streamlined production processes, leading to cost savings and increased profitability for manufacturers. As a result, the automotive manufacturing equipment market in the automatic segment is witnessing rapid growth. is a major region experiencing remarkable economic growth, with countries like and investing heavily in infrastructure, including transportation networks and manufacturing facilities.

This has led to increased demand for automotive manufacturing equipment, particularly for modernized factories and production lines. Additionally, the region is witnessing a surge in demand for electric and hybrid vehicles, leading to increased investment in specialized manufacturing equipment for components like batteries. The region’s growing demand for automobiles and related equipment is driving the growth of the automotive manufacturing equipment market.

Key players in the automotive manufacturing equipment market include ABB ( ), FANUC CORPORATION ( ), ( ), Yaskawa Electric Corporation ( ), Kawasaki Heavy Industries, Ltd (US), AMADA CO. , LTD. ( ), AIDA ENGINEERING, LTD.

( ), Durr Group ( ), Schuler Group ( ), TRUMPF ( ), Universal Robots ( ), Daifuku Co. , Ltd. ( ), and Yamazaki Mazak Corporation ( ), among others.

The report segments the automotive manufacturing equipment market based on equipment type, mode of operation, vehicle type, and region. Equipment types include CNC machines, conveyor belts, injection molding machines, robots, stamping machines, and welding machines. Mode of operation is classified as automatic and semi-automatic, while vehicle types include passenger vehicles and commercial vehicles.

The study also forecasts the market size in four main regions – , , , and RoW. 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Automotive Manufacturing Market, by Equipment Type 7 Automotive Machine Equipment Market, by Mode of Operation 8 Automotive Manufacturing Market, by Vehicle Type 9 Automotive Manufacturing Equipment Market, by Region 10 Competitive Landscape 11 Company Profiles 12 Adjacent and Related Markets 13 Appendix For more information about this report visit ResearchAndMarkets. com is the world’s leading source for international market research reports and market data.

We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Research and Markets , Senior Manager For E. S.

T Office Hours Call +1-917-300-0470 For U. S. /CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Logo: SOURCE Research and Markets.