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Global Painting Robots Market 2023- 2032: Industry Insights, Production Analysis, Future Outlook And Major Players | FANUC Corporation, ABB Ltd., KUKA AG, Yasakawa Global, Kawasaki Heavy Industries Ltd
Painting Robots Market
The Business Research Company's Template Global Market Report 2023 identifies increase in vehicle demand from the automotive sector as the major driver for the Painting Robots Market's growth in the forecast period. Economic expansion, rising living standards, and increased purchasing power have increased automobile demand. This expansion has resulted in the growing demand for painting robots for applying coatings with high precision and consistency, which minimizes hazardous waste and increases application accuracy on automotive bodies using robotic spray painting.
The global painting robots market size is expected to grow from $2.56 billion in 2022 to $2.87 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The painting robots market size is expected to grow to $3.91 billion in 2027 at a CAGR of 8.0%.
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Major competitors in the painting robots market are FANUC Corporation, ABB Ltd., KUKA AG, Yasakawa Global, Kawasaki Heavy Industries Ltd., DÜRR Group, Staübli International AG, Krautzberger, CMA Robotics Spa, Epistolio S.r.l., Nanchang and Hangzhou Color Powder Coating Equipment Co., Gaiotto Automation S.P.A., B+M Surface Systems, and Nebula Robotics Private Limited.
A key trend in the Painting Robots Market includes technological advancement. Major companies operating in the painting robot market are focused on innovating new technologies to sustain their position. For instance, in August 2021, Yaskawa Motoman, a US-based company engaged in the manufacturing of robotic painting products, launched a new painting robot, the six-axis MPX1400. The MPX1400 is controlled by the DX200-FM controller, which contains application-specific software for painting, such as robot-to-paint applicator coordination, trigger delays, air calibrations, and valve timing. This model has a low interference work envelope and can be positioned close to workpieces to maximize floor space, which can be installed on the floor, the wall, or the ceiling for arrangement versatility. It is compatible with networks such as EtherNet, EtherNet IP, CC-Link, and DeviceNet.
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The Painting Robots Market is segmented -
By Type: Wall Mounted Painting Robot, Floor Mounted Painting Robot, Rail Mounted Painting Robot, Other Types
By Payload: Up to 5 Kg, Up to 15 Kg, Up to 45 Kg
By Configuration: 6 Axis, 7 Axis
By Application: Interior Painting, Exterior Painting
By End User: Transportation, Consumer Appliances, Foundry and casting, Furniture, Textiles, Construction, Heavy Engineering Equipment, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Painting Robots Market.
The Business Research Company's "Global Painting Robots Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Painting Robots Market Include:
1. Executive Summary
2. Painting Robots Market Characteristics
3. Painting Robots Market Trends And Strategies
4. Painting Robots Market - Macro Economic Scenario
5. Painting Robots Market Size And Growth
……
26. Africa Painting Robots Market
27. Painting Robots Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Painting Robots Market
29. Painting Robots Market Future Outlook and Potential Analysis
30. Appendix
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