Painting Robot Market Analysis by 2024: Top Players Like Kuka, Fanuc, Yaskawa India, ABB, Kawasaki, Shanghai Fanuc, Durr systems, Staubli, Nanchang
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Technological advancement in the machine has high performance on a consistent basis, whereas old technology were not so safe and came along with various bugs and problems. Automotive industry is fastest growing economy of the world. The global car sales grew over 4% in 2016, breaking records of all previous sales. The infrastructure industry is rising at over 4%. Growth in this sector will positively affect painting robot market.
Supply chain of the painting robot market begins from its manufacturing in factories. The machine is majorly made up of titanium metal, carbon fiber, steel and iron. The manufacturing process involves designing, fabrication, assembly, linkage of small parts and installation. After the manufacturing the machine is tested and then it is supplied to various automobile plants for its usage. It is widely use to paint the different parts of four wheelers.
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Painting robot market faces difficulties in huge initial investment, need identification and importance of training. Major challenge of using the machine is its investment, it incurs huge investment to use the product as workers. The machine cannot work without instruction of a man, which adds on further cost of the machine plus man power. Machines are initially trained for performing coloring activities in the automobile plant which is expensive and time consuming. The companies are also using them in different small applications that includes spraying and coating. The product is segmented on the basis of movement Cartesian, Scara, 6 Axis, Redundant and Dual arm machine. They are used majorly in automotive industries and wall painting.
Asia Pacific will witness descent in the painting robot market, countries including China, India, Japan and Korea are driving the automotive industry worldwide. With wide acceptance of new technology, these regions are growing at a very fast pace. Growing population in the region, high disposable income, color preferences are driving automotive industry and rising infrastructure sector in the region which is positively helping painting robot market to increase.
Key players of the painting robot market are Kuka, Fanuc, Yaskawa India, ABB, Kawasaki, Shanghai Fanuc, Durr systems, Staubli, Nanchang and Hangzhou color powder coating equipment. Endless Ltd raises seed funding for the machine due to rising wages of skilled labor. The company will soon rollout product in the market for wall and interior coloring and designing and they are hiring engineers to work on the machine which will accelerate painting robot market.
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