According to a report published by the European Automobile Manufacturers’ Association (ACEA), global motor vehicle production rose by 1.3% from 2020 to 2021; a total of 79.1 million motor vehicles, including 61.6 million passenger cars, were produced worldwide in 2021. According to a report by the Bureau of Transportation Statistics, China is one of the dominant markets for producing passenger cars and commercial vehicles. The rising vehicle production resulted in the adoption of automation in the automotive industry. Automation and the use of industrial robots increase the operational efficiency and productivity in automotive assembly plants.
Industrial robots increase the productivity of manufacturing operations and positively impact industrial competitiveness. Further, there is an inverse relationship between industrial robot density and work hours, i.e., an increase in industrial robot density results in decreased work hours. According to the report published by the International Federation of Robotics in 2022, the total annual robot installations worldwide reached 517,385 units in 2021, a rise of 31% compared to 2020. The automotive industry registered ~119,000 units of annual robot installations worldwide, accounting for 23% of total robot installations in 2021, significantly driven by the component supplier segment. Industrial robots perform diverse operations, from material handling, assembly, and welding to finishing and palletizing applications. Robotic components are subjected to extensive movement, high heat, high speed, and friction, thus requiring periodic inspection and servicing. The automotive industry requires optimized robotics lubricants that are tolerant to extreme temperatures, can minimize downtime, and help achieve long service intervals. Thus, the increasing demand for robots in the automotive industry is driving the robotics lubricants market.
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