Assembly Automation Market Report

Market Insights

The Global Assembly Automation Market is estimated to grow from USD 16.2 billion in 2020 to USD 23.5 billion by 2026 at a healthy CAGR of 6.5% during the forecast period.

Figure: Global Assembly Automation Market Size, 2020-2026 (USD Billion)

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What is Assembly Automation?

Assembly automation is an application that uses automated and mechanized devices for producing goods and performing several functions in an assembly line. Its fundamental functionality is an organized approach of assembling goods that are partly controlled by humans and partly automated.

Key Players

Key players operating in the global assembly automation market are-

• FANUC (Japan),
• ABB (Switzerland),
• Yaskawa (Japan),
• Kuka (Germany),
• Hanwha (South Korea),
• Hirata (Japan)
• ThyssenKrupp (Germany),
• ATS Automation (Canada),
• Velomat (Italy), and
• Bastian Solutions (The U.S).

Market Dynamics

The surge in demand for plant automation to obtain superior equipment efficiency, enhanced process accuracy, and output are some of the key factors augmenting the market growth. Moreover, the ongoing digitalization trend and rapid growth in the electronics and semiconductor manufacturing industries are expected to offer immense opportunities to the industry players. However, the increased complexity of industrial automation systems and high initial costs are likely to hinder the product demand in the coming years.

Segments' Analysis

End Use Trends

Based on end use, the assembly automation market is classified into automotive, 3c industry, and others.

• The automotive segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline.
• Growing demand for plant automation in automotive sector is a key driver.
• Also, there has been growing shift towards safety of the workers in automotive industry thereby bolstering the demand for safer and reliable assembly automation systems.

Regional Trends

By region, the Europe market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR in the following years.

This is mainly ascribed to the strong automotive manufacturing in Germany and France. Also, stringent policies for industrial safety and robust growth in the 3C industry in the region, further proliferates the regional market growth.

COVID-19 Impact on Global Assembly Automation Market

The COVID-19 outbreak has significantly affected the assembly automation industry. The industry is witnessing challenges in its manufacturing & supply chain, such as delivering products to end-users promptly as well as catering to an irregular demand for products, thus affecting the product demand. Also, the automotive and 3C sectors experienced a temporary shutdown, which further affected the product demand amid the pandemic.

Critical Questions Answered in the Report

• What are the key trends in the global assembly automation market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global assembly automation market?
• What are the key strategies adopted by the major vendors to lead in the global assembly automation market?
• What is the market share of the top vendors?

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Target Audience

The following is a list of the customers that the Assembly Automation market aims to convert the most:

• Assembly automation vendors
• Assembly automation retailers
• Automotive companies
• 3C companies

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