Automotive Robotics Market Forecast & Growth Analysis, 2029

Business10 months ago

Source: Automotive Robotics Market Forecast & Growth Analysis, 2029

The Automotive Robotics Market was estimated at USD 8.46 billion in 2022 and is likely to grow at a CAGR of 6.3% during 2023-2029 to reach USD 12.99 billion by 2029.The market growth was negatively affected by the COVID-19 pandemic, as leading companies paused their production operations due to the lockdowns imposed by governments worldwide in the first half of 2020. Nevertheless, the demand for new vehicles began to pick up momentum after the pandemic, thanks to government relaxations and polic