Paint Process Automation Market to See a Pronounce Growth by Revenue | Top Growing Players are Kawasaki Heavy Industries Ltd., ABB, Durr AG, CMA Robotics, Staubli, Epistolio robot, Krautzberger, KUKA Aktiengesellschaft

Why Automation in Paint Process?

Paint Automation refers to using machines, computer software, and other technologies to carry out painting process. There are various types of automation, ranging from the fully mechanical to fully virtual, and from very simple to highly complex. Industrial paint exposes workers to carcinogens, iso-cyanides, and VOCs (volatile organic compounds), which is considered as injurious to health. Therefore, to increase the safety of the worker, automated paint systems are specifically designed. In addition, the robotic automation systems are more precise while painting, therefore, they result in dispose of less hazardous waste.

The major companies profiled in the Paint Automation market include Kawasaki Heavy Industries Ltd., ABB, Durr AG, Fanuc America Corporation, Yaskawa Electric Pte Ltd, CMA Robotics, Staubli International AG, Epistolio robot, Krautzberger GmbH, KUKA Aktiengesellschaft, and others.

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Moreover, with automation in paint process the human errors are reduced. Furthermore, the human gets fatigue after a particular time but with the help of automation the higher efficiency and productivity can be achieved. As there is rapid industrialization, the manufacturers are seeking for higher efficiency and productivity. Therefore, the benefits such as higher efficiency and productivity from the automated paint systems drive the growth of the Paint Automation market.

Painting is done in various vertical segments such as automotive, aerospace, and construction. The drastic growth in the automotive sector is expected to drive the growth of the market. However, high installation cost restrains the market growth. There are several players in the market and the growth strategy adopted by the key players in the market are product launch, product development, business expansion, and business acquisition. ABB is one of the key players in the Paint Automation market.

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The significant impacting factors for the growth of the Paint Automation market include increase in demand for higher efficiency, rise in production of automobile parts, and improve safety in hazardous painting work environments. In addition, the restraining factor by which the market is influenced include high installation cost. Each of these factors is anticipated to have a definite impact on the Paint Automation market during the forecast period.

The Paint Automation market is segmented based on application, purpose, verticals, type and region. Based on application, the market is categorized into OEM, tier 1, large object, general industry, and others. By purpose, it is bifurcated into interior and exterior. Based on verticals, it is divided into automotive, aerospace, construction, and others. By type, it is segmented into floor-mounted painting robot, wall-mounted painting robot, rail-mounted painting robot, and others. Based on region, the market is analyzed across into Europe, Asia-Pacific, North America, and LAMEA.

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KEY BENEFITS FOR STAKEHOLDERS

This study comprises analytical depiction of the paint process automation market trends with current trends and future estimations to depict the imminent investment pockets.

The overall potential is determined to understand the profitable trends to gain a stronger foothold in the paint process automation industry.

The paint process automation market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

The current market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.

Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.

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