The global automotive manufacturing equipment market was valued at USD 6.70 billion in 2024 and is projected to reach USD 19.02 billion by 2034, growing at a CAGR of 11.00% (2023–2034). The market expansion is fueled by rising vehicle production, adoption of automation, and demand for efficiency in automotive assembly lines.
The industry covers a wide range of equipment including conveyor belts, CNC machines, welding robots, assembly robots, and testing systems, all of which play a vital role in streamlining production and reducing operational costs.
Key Market Insights
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North America: United States growing at a CAGR of 11.3%.
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Asia Pacific: China at 12.1%, Japan at 11.9%, South Korea at 13.3%.
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Europe: United Kingdom expected to expand at 12.3% CAGR.
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By Equipment: Conveyor belt segment to grow at 11% CAGR.
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By Vehicle Type: Passenger vehicles segment projected at 10.5% CAGR.
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Growth Drivers
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Rising Vehicle Production and Sales – Both passenger and commercial vehicles drive equipment demand.
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Smart Technology Adoption – AI, robotics, and Industry 4.0 integration boost efficiency.
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Collaborative Robots (Cobots) – Increasingly deployed for flexible automotive assembly.
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Flexible Manufacturing Systems – Rising demand for adaptable production lines.
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Higher Investment in Assembly and Welding Equipment – Automakers expanding facilities with modern technologies.
Emerging Market Trends
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Industry 4.0 Integration – IoT, AI, and data-driven analytics enabling predictive maintenance and real-time monitoring.
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3D Printing & Additive Manufacturing – Transforming prototyping and component production.
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Shift to EVs & Autonomous Vehicles – Creating demand for specialized manufacturing solutions.
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Dark Factories – Lights-out automation gaining traction for unmanned production efficiency.
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Lightweight Materials – Growing use of composites and aluminum driving new equipment needs.
Country-Wise Insights
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United States: Leading with an expected USD 3.6 billion market by 2034, driven by robotics and automation.
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China: Fastest-growing, reaching USD 3.3 billion by 2034 at a 12.3% CAGR, supported by government robotics initiatives.
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Japan: Projected at USD 2.2 billion by 2034, fueled by EV transition and advanced testing systems.
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South Korea: CAGR of 13.5%, supported by robotics and smart factory adoption.
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United Kingdom: Market to reach USD 810 million by 2034, with emphasis on Industry 4.0 upgrades.
Segment Growth Analysis
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Conveyor Belts: Fastest-growing segment (10.8% CAGR), enhancing efficiency and reducing costs.
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Passenger Vehicles: Dominant segment (10.3% CAGR), driven by EV and ADAS integration.
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Top Companies in the Automotive Manufacturing Equipment Market
ABB Ltd.
About: A Swiss multinational specializing in robotics, automation, and industrial equipment.
Products: Industrial robots, factory automation, electrification products.
Market Cap: Approximately USD 110 billion.
KUKA AG
About: A German robotics company known for advanced automation solutions in automotive production.
Products: Welding robots, assembly robots, smart manufacturing systems.
Market Cap: Around USD 3 billion.
FANUC Corporation
About: A Japanese automation leader with a strong presence in industrial robotics.
Products: CNC systems, robots, factory automation technologies.
Market Cap: Approximately USD 35 billion.
Yaskawa Electric Corporation
About: A pioneer in robotics and motion control systems, headquartered in Japan.
Products: MOTOMAN robots, motion controllers, industrial automation systems.
Market Cap: Around USD 7.5 billion.
Bosch
About: A German engineering and technology company with extensive automotive solutions.
Products: Automotive tooling, sensors, production machinery, testing equipment.
Market Cap: Privately held, estimated revenue over USD 95 billion (2024).
Siemens AG
About: A global powerhouse in industrial manufacturing and smart technologies.
Products: Automation systems, industrial software, digital twin solutions.
Market Cap: Approximately USD 140 billion.
Durr AG
About: A German engineering company specializing in paint, assembly, and automation systems.
Products: Painting robots, final assembly systems, air pollution control technology.
Market Cap: Around USD 2.5 billion.
AVL List GmbH
About: An Austrian company focused on automotive testing and simulation.
Products: Powertrain testing, simulation software, emission testing systems.
Market Cap: Privately held, estimated revenue USD 2 billion+ (2024).
MTS Systems Corporation
About: A U.S.-based provider of testing and simulation equipment.
Products: Vehicle testing systems, durability testing, materials testing solutions.
Market Cap: Acquired by Amphenol, part of a USD 70+ billion group.
Recent Developments
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FANUC (2022): Introduced new robots and factory automation tech at IMTS.
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Nidec (2023): Opened a new cutting tool factory in India, boosting production by 50%.
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KUKA (2020): Secured a major contract with SEOJIN Industrial in South Korea for 185 robots.
Frequently Asked Questions
Q1. What is the projected size of the automotive manufacturing equipment market by 2034
The market is expected to reach USD 19.02 billion by 2034.
Q2. Which region is expected to grow the fastest in this market
Asia Pacific, with China and South Korea showing the highest CAGR growth rates.
Q3. What are the key growth drivers of this market
Rising vehicle production, automation adoption, collaborative robots, and Industry 4.0 technologies.
Q4. Which equipment type holds the largest market growth potential
Conveyor belts and robotic automation systems are the fastest-growing equipment categories.
Q5. Who are the leading players in the automotive manufacturing equipment market
ABB, KUKA, FANUC, Yaskawa, Bosch, Siemens, Durr, AVL, and MTS Systems are among the top companies.
Source : https://www.towardsautomotive.com/insights/automotive-manufacturing-equipment-market-sizing
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