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Gantry Robot Market Growth Drivers, Size, Share And Industry Demand 2033
Gantry Robot Market Growth
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According to The Business Research Company's, The gantry robot market size has grown strongly in recent years. It will grow from $3.63 billion in 2023 to $3.93 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to growth in e-commerce and warehousing, adoption in the automotive industry, precision and efficiency in manufacturing, safety and ergonomics considerations, increased use in the aerospace sector.
The gantry robot market size is expected to see strong growth in the next few years. It will grow to $5.56 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to rise in customization and small-batch production, expansion of logistics and distribution centers, application in medical device manufacturing, focus on energy efficiency, global expansion of electronics manufacturing. Major trends in the forecast period include integration of vision systems and sensing technologies, industry 4.0 and smart manufacturing, advancements in robotics technology, integration of collaborative robotics, advancements in vision systems and sensing technologies.
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Market Drivers and Trends:
Increasing automation adoption is expected to propel the growth of the gantry robot market. The adoption of automation offers advantages such as enhanced productivity, more efficient material usage, better product quality, improved safety, shorter labor workweeks, and shorter manufacturing lead times. The adoption of automation frees up time and enables resource reallocation. Gantry robots have various applications related to scanning, digital printing, electronics assembly, AOI (Automatic Optical Inspection), and automation. Gantry robots are also used in welding, assembly, shipping, handling raw materials, and product packing. For instance, according to Windward Studios, a US-based reporting and document generation company for organizations of all sizes, from small businesses to Fortune 100 and government agencies, by 2023, 40% of big enterprise teams would embrace AI-augmented automation, boosting efficiency and scalability in IT departments. Also, businesses are expected to employ 70% more automation architects by 2025 than they did in 2020, up from 20%. Therefore, increasing automation adoption in various end-user industries is anticipated to propel gantry robot market growth over the coming years.
Major companies operating in the gantry robot market are adopting a strategic partnership approach to enhance the deployment of robotics in industrial settings. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in November 2021, Inther Group, a Netherlands-based global system integrator specializing in warehouse automation solutions, partnered with SVT Robotics, a US-based software company that helps businesses adopt robotics technologies, to accelerate the deployment of industrial robotics. This partnership features an accelerated deployment of industrial robotics, with a focus on Inther Group's unique gantry robotic picking solution, GRIPP. This collaboration enhances integration and orchestration through SVT Robotics' SOFTBOT Platform, significantly impacting the gantry robot market by addressing the demand for rapid deployment and simplified integration in support of flexible supply chains.
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Major Key Players of the Market:
Hanwha Group, Toshiba Machine, Liebherr-International Deutschland GmbH, OMRON Corporation, FANUC CORPORATION, Bosch Rexroth, IAI America Inc., Hirata Co. Ltd., Keller und Knappich Augsburg, Nordson Corporation, KHS GmbH, ABB India Ltd., YAMAHA Robotics, Shibaura Machine CO. LTD., Aerotech Inc., Güdel Group AG, Cimcorp Industrial Automation India Private Limited, Shin-Heung Machine, Parker Hannifin India Private Limited, Tricontinent, Fisnar Dispensing Equipment Solutions, Sage Automation Inc., Macron Dynamics Inc., ZOLLERN GmbH & Co. KG, ALIO Industries LLC, PROMOT Automation GmbH, Yaskawa India Private Limited, DENSO Kirloskar Industries Pvt. Ltd., Kondo Seisakusho Co. Ltd., Harry Major Machine, Comau S.p.A., Epson Robots, Kawasaki Heavy Industries Ltd.
Gantry Robot Market 2024 Key Insights:
• The gantry robot market size is expected to see strong growth in the next few years. It will grow to $5.56 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.
• Gantry Robot Market Growth Driven By Increasing Automation Adoption
• Strategic Partnerships Drive Advancements In The Gantry Robot Market
• Asia-Pacific was the largest region in the gantry robot market in 2023
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