Automotive Robotics Market Analysis and Forecasts, 2016 to 2024

The global automotive robotics market is expected to grow at a CAGR exceeding 11%%%% over the forecast period (2016 - 2024). The industry is expected to surpass USD 16 billion by 2024. Demand for vehicles like cars, trucks, off-road vehicles, busses, and two wheelers is a key factor driving the industry. The rapidly growing vehicle manufacturing industry could enhance the popularity of automotive robotics. Huge investments in new manufacturing units of emerging markets will augment industrial growth. Moreover, investments in production and in the modernization of vehicle manufacturing will positively influence the market.