Press release
Paint Process Automation Market 2019-2026: Business Development Strategies by Industry Giants: Kawasaki Heavy Industries Ltd., ABB, Durr AG, Fanuc America Corporation, Yaskawa Electric Pte Ltd, CMA Robotics, Staubli International AG, Epistolio robot, Krau
Paint Process Automation Market
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KEY BENEFITS FOR STAKEHOLDERS
o This study comprises analytical depiction of the paint process automation market trends with current trends and future estimations to depict the imminent investment pockets.
o The overall potential is determined to understand the profitable trends to gain a stronger foothold in the paint process automation industry.
o The paint process automation market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
o The current market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
o Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
The paint process 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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Paint process 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.
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 process 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.
The significant impacting factors for the growth of the paint process 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 process automation market during the forecast period.
COVID-19 Pandemic disrupted the entire world and affected many industries.
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Key offerings of the report:
o Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
o Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
o Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
o Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
o Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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