DUBLIN, February 25, 2016 /PRNewswire/ --
The global industrial robotics market in the automotive industry is expected to grow at a CAGR of 6.35% by 2020, according to a recent report available from Research and Markets. The report states that misconceptions about robots replacing human employees is a major deterrent in this market. This misconception was challenged today as Mercedes-Benz revealed their replacement of assembly line robots with human workers.
Mercedes-Benz believe that car customization is key to driving sales in 2016, and offer their S-Class sedan model with a growing range of aesthetical and functional options. Industrial robots are highly suited to performing defined tasks repeatedly, but it can take weeks to reprogram robots to adapt to new tasks. Mercedes-Benz has replaced a number of assembly line robots with crews of skilled workers, resulting in a streamlined customization process far quicker than robots could achieve.
The global robotics market is predicted to grow with a CAGR of 29.11% by 2019, as highlighted in a report. However, this estimation could be lower if automotive manufacturers follow Mercedes-Benz's lead. It could be even lower if other industries utilizing robotics run into the same problems as the German automotive giant.
The global market for industrial robotics is forecast to generate revenues of over USD 46 billion by 2020, as stated in an industry report. This forecast could be considerably lower if robotic manufacturers are unable to advance the technology of their machines to perform efficient task adaption such as automotive feature customization.
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SOURCE Research and Markets