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Automated Precision: Unveiling the Growth Trajectory of the Robotic Paint Booth Market

11-13-2023 05:59 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Automated Precision: Unveiling the Growth Trajectory of

Allied Market Research has recently released a report titled "Robotic Paint Booth Market," shedding light on the flourishing market's impressive ascent. With a valuation of $3.09 billion in 2021, the robotic paint booth market is projected to soar to $10.68 billion by 2031, boasting a noteworthy Compound Annual Growth Rate (CAGR) of 12.7% from 2022 to 2031.

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A robotic paint booth is a mechanized device designed to execute a myriad of painting functions, encompassing the application of primer, base, clear, and top coat. Beyond that, these robotic systems can proficiently spray water, solvents, and powder-based materials, ensuring the even coverage of complex parts, curves, indentations, and shapes of varying sizes. These precisely programmed robots adeptly apply intricate spray patterns with varying layer thickness, achieving optimal surface quality with unparalleled speed and accuracy.

These robotic paint booths utilize the optimal amount of paint, enhancing the cost efficiency of manufacturing plants. Operating seamlessly in synchronization with the production line speed, they effectively meet the increasing demand for precision manufacturing. The spray nozzles can uniformly apply paint to flat surfaces, intricate parts, and curves, making robotic paint booths indispensable in automotive, aeronautical, and defense industries. The escalating use of robotics and the adoption of automated production technology across industries are expected to drive the demand for robotic paint booths.

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The global COVID-19 situation and subsequent lockdowns necessitated the temporary cessation of operations for many manufacturers in the robotic paint booth market, impacting sales significantly. The shortage of manpower and raw materials disrupted the supply chain, hindering industrial product availability. However, with the gradual reopening of production facilities and the introduction of COVID-19 vaccines, the robotic paint booth industry is poised for a full-scale resurgence.

Leading players in the market are employing strategic measures such as product launches, agreements, and business expansions to augment their robotic paint booth portfolios. For example, in April 2022, Graco introduced the Contractor King Air-Powered Protective Coatings Airless Sprayer, a move aimed at enhancing the company's product portfolio.

The robotic paint booth market is segmented based on type, sales type, robot type, end-user, and region. The "others" segment led the market in 2021, accounting for the highest revenue share and is expected to maintain this trend in the foreseeable future. In terms of sales type, hardware is anticipated to dominate the global robotic paint booth market during the forecast period.

In the realm of robot types, the traditional industrial robots segment secured the largest share in the robotic paint booth market in 2021. Categorizing the market by end-users reveals that the "others" segment, encompassing various industries, was the highest revenue contributor in the market's growth in 2021.

Regionally, the Asia-Pacific region is projected to wield the highest share in the robotic paint booth market. The key players profiled in the report include ABB, CMA Robotics Spa, Durr AG, Epistolio Robot, Fanuc America Corporation, Graco Inc., Kawasaki Heavy Industries Ltd., KUKA Aktiengesellschaft, Staubli International AG, Yaskawa Electric Corporation, Fujitronics KK, Crocodile Paint Booth, Eisemann Inc., Giffin Inc., Junair, Fanuc Automation, and Varnish.Tech S.r.l.

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KEY FINDINGS OF THE STUDY:

The report provides an extensive analysis of the current and emerging global robotic paint booth market trends and dynamics.

By type, the "others" segment dominated the market in terms of revenue in 2021.

The traditional industrial robots segment registered the highest growth in revenue in the global robotic paint booth market in 2021.

The "others" segment is projected to register the highest growth rate among end-users in the coming years.

The global robotic paint booth market forecast analysis from 2022 to 2031 is included in the report.

In-depth global robotic paint booth market analysis is conducted by constructing estimations for the key segments between 2021 and 2031.


https://www.alliedmarketresearch.com/robotic-paint-booth-market-A13538

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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