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Gantry Industrial Robots Global Market Report 2024 Global Market Analysis, Trends, Growth, Research And Forecast 2033
Gantry Industrial Robots Global Market
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According to The Business Research Company's, The gantry industrial robots market size has grown rapidly in recent years. It will grow from $2.79 billion in 2023 to $3.12 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to automotive industry growth, increasing labor costs, flexible manufacturing systems, enhanced safety features, e-commerce and logistics growth, increased payload capacities.
The gantry industrial robots market size is expected to see rapid growth in the next few years. It will grow to $4.8 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to integration with industry 4.0, demand for high-speed production, development of lightweight materials, focus on energy efficiency, globalization of supply chains. Major trends in the forecast period include integration with artificial intelligence (ai), advancements in gripping technology, focus on human-robot collaboration safety, integration with cloud computing, advancements in vision and sensing technologies.
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Market Drivers and Trends:
Increased Adoption in Small and Medium-sized Enterprises (SMEs) is driving the growth of the gantry industrial robots market. Small and Medium-sized Enterprises (SMEs) refer to businesses that fall within a certain size range in terms of their number of employees, annual revenue, or other quantitative measures. The versatility of gantry robots allows SMEs to address diverse production needs, promoting flexibility in their manufacturing processes. For instance, in June 2023, according to Myos, a US-based platform to establish academic connect, Small and medium-sized enterprises (SMEs) make up a staggering 99.9% of the business population. Therefore, increasing demand for industrial robots will propel the gantry industrial robots market.
An increase in automation is driving the gantry industrial robots market. Automation is increasingly used as an efficient technique to reduce process duplication and increase process efficiency. The gantry robots automate various functions such as pick and place, welding, machine handling, assembly, and packaging. For instance, according to a survey conducted in 2022 by McKinsey & Company, a management consulting firm, the proportion of businesses with fully automated at least one function has increased from 29% in 2018 to 31% in 2020. Further, 66% of the business leaders were testing solutions to automate at least one business process, up from 57% two years prior. Therefore, an increase in automation is propelling the gantry robots market.
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Major Key Players of the Market:
Liebherr-International AG, ABB Ltd., Kuka AG, FANUC Corporation, Parker Hannifin Corporation, Sage Automation Inc., Yamaha Motor Co. Ltd., Güdel Group AG, DENSO Corporation, Yaskawa Electric Corporation, Bahr Modultechnik GmbH, Shibaura Machine Co. Ltd., OMRON Corporation, Nordson Corporation, Toshiba Machine Co. Ltd., Robert Bosch GmbH, Macron Dynamics Inc., Intelligent Actuator Inc., Cimcorp Oyj, Güdel AG, Mitsubishi Electric Corporation, Ston Robot Changzhou Co. Ltd., ALIO Industries Inc., Adept Technology Inc., Aerotech Inc., ATI Industrial Automation Inc., Comau S.p.A., Denso Robotics Corp., Epson Taiwan Technology and Trading Ltd., Nachi-Fujikoshi Corp., Panasonic Corporation, Precise Automation Inc., Siasun Robot & Automation Co. Ltd., Staubli Robotics, Universal Robots A/S
Gantry Industrial Robots Market 2024 Key Insights:
• The gantry industrial robots market size is expected to see rapid growth in the next few years. It will grow to $4.8 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%.
• Surging Demand For Industrial Automation Drives Gantry Industrial Robots Market Growth
• Rising Tide Of Automation Gantry Industrial Robots At The Forefront Of Efficiency Revolution
• Asia-Pacific was the largest region in the gantry industrial robots market share in 2023
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