Safety and Efficiency Drive: Painting Robots Market Projected to Reach US$ 11 Billion by 2033

The forthcoming landscape of the painting robots market paints a vivid picture of growth, with an estimated valuation of US$ 4.5 billion in 2023. Projections unveil a substantial leap, envisioning the market's value soaring to US$ 11 billion by 2033. Across the forecast span, the adoption of painting robots is poised to embrace a notable Compound Annual Growth Rate (CAGR) of 9.3%.

A significant force propelling this market surge lies in the mounting emphasis on worker safety and ergonomic well-being. By assuming the role of repetitive and potentially hazardous tasks, painting robots adeptly alleviate the risk of worker exposure to noxious fumes, chemicals, and physical strain. This pivotal role not only elevates workplace safety but also aids companies in meticulous compliance with rigorous occupational health and safety regulations. As industries steadfastly prioritize the holistic well-being of their workforce, the adoption of painting robots finds formidable traction, effectively exemplifying a harmonious synergy between safety and operational efficiency.

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- Key Takeaways:

The painting robots market in Europe will generate an incremental opportunity of US$ 983 Mn.
The U.S.A's painting robots market will create a growth opportunity of US$ 334 Mn during the forecast period.
The painting robots market in Germany will expand at a CAGR of 12.7% during 2021-2031.
By type, robotic arms will hold 60% of the global painting robots sales.
On the basis of payload, the upto 5 kg segment will generate a growth opportunity of US$ 1.93 Bn.

- Competitive Landscape

FANUC Corporation, ABB Ltd, KUKA AG, Yasakawa Global, Kawasaki Heavy Industries, Ltd., DÜRR Group, and Staübli International AG among others are some of the major players in the painting robots market profiled in the full version of the report.

In a highly consolidated market, key market participants are focusing on entering new markets to expand their geographical footprints. These businesses are keen on working closely with OEMs, establishing new and advanced facilities, and engaging in strategic partnerships and collaborations.

- More Insights into Painting Robots Market Report

In its latest report, FMI offers an unbiased analysis of the global painting robots market, providing historical data from 2016 to 2020 and forecast statistics for 2021 to 2031. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (pedestal robots, robotic arms), payload (upto 5 Kg, upto 15 Kg, upto 45 Kg), function (painting (waterborne, solventborne, UV cured), painting, spraying & coating), reach (upto 1,000 mm, upto 1,500 mm, upto 2,000 mm, upto 2,500 mm, upto 3,000 mm), configuration (6 axis, 7 axis), application (atomizer, air gun), end use (transportation (automotive, railways, 2 & 3 wheelers, aerospace), consumer appliances, foundry & casting, furniture, textiles, construction, heavy engineering equipment, HVAC & refrigeration, sanitaryware, others), and region.

According to the latest FMI reports, based on segmentation, the transportation segment will likely contribute significantly to the overall growth of the target market. This segment is expected to generate an absolute dollar opportunity of US$ 2 Bn during 2021-2031. In terms of application, the atomizer segment will dominate the global marketplace with an incremental opportunity of US$ 2.43 Bn while the 7 axis configuration segment will create a growth opportunity of US$ 2.8 Bn during the projected period.

Based on region, the painting robots market in the United States will present considerable growth during 2021-2031. Generating an absolute dollar opportunity of US$ 334 Mn during this period, the target market in this country will be driven by strong presence of OEMs and higher demand for the target product in industrial verticals like construction and transportation. Apart from the U.S., countries like Germany and China are anticipated to exhibit remarkable growth in the painting robots market during the forecast period.

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- Key Market Segments Covered

By Type:
Pedestal Robots
Robotic Arms

By Payload:
Upto 5 Kg
Upto 15 Kg
Upto 45 Kg

By Function:
Painting
Waterborne
Solventborne
UV Cured
Painting, Spraying & Coating

By Reach:
Upto 1,000 mm
Upto 1,500 mm
Upto 2,000 mm
Upto 2,500 mm
Upto 3,000 mm

By Configuration:
6 Axis
7 Axis

By Application:
Atomizer
Air Gun

By End Use Sector:
Transportation
Automotive
Railways
2 & 3 Wheelers
Aerospace
Consumer Appliances
Foundry & casting
Furniture
Textiles
Construction
Heavy Engineering Equipment
HVAC & Refrigeration
Sanitaryware
Others

By Region:
North America
Latin America
Europe
East Asia
South Asia-Pacific
Middle East & Africa

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This release was published on openPR.