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Surging CAGR of 11.6% Propels Gantry Industrial Robots Market to $5.35 Billion by 2029
Surging CAGR of 11.6% Propels Gantry Industrial Robots Market
What Is The Projected Market Size Of The Global Gantry Industrial Robots Market And Its Growth Rate?
The gantry industrial robots market has seen accelerated growth in recent years due to advancements in the automotive industry, rising labor costs, developments in manufacturing systems, improved safety features, and the expansion of e-commerce and logistics:
• In 2024, the market was valued at $3.1 billion.
• By 2025, it is projected to reach $3.45 billion, exhibiting a CAGR of 11.3%.
• The market size is expected to witness steep growth, shooting up to $5.35 billion in 2029 at a CAGR of 11.6%.
These growth estimates are driven by integration with Industry 4.0, high-speed production demands, development of lightweight materials, energy efficiency focus, and globalization of supply chains.
What Is Driving The Growth In The Gantry Industrial Robots Market?
The rising demand for industrial robots, mechanical systems programmed to perform autonomous production tasks in industrial settings, is fueling the growth of the gantry industrial robots market. Specifically, gantry industrial robots are employed to perform pick and place tasks, welding, and other tasks across various industries. For instance, the International Federation of Robotics reported a 13% growth with 4.35 million units installed in 2021, a figure projected to reach 5.18 million units by 2024. This escalating demand for industrial robots underscores the growth potential of the gantry industrial robots market.
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Who Are the Key Players Driving Gantry Industrial Robots Market Growth?
Key players in the gantry industrial robots market include:
• Liebherr-International AG
• ABB Ltd.
• Kuka AG
• FANUC Corporation
• Parker Hannifin Corporation
• Yamaha Motor Co. Ltd.
• Güdel Group AG
• DENSO Corporation
• Yaskawa Electric Corporation
• Bahr Modultechnik GmbH
• And others
What Are The Key Trends In The Gantry Industrial Robots Market?
Major trends impact the gantry industrial robots market, including:
• 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
What Are The Segments Of The Global Gantry Industrial Robots Market?
The global gantry industrial robots market segments are:
1) By Type: 1-Axis, 2-Axis, 3-Axis, 4-Axis, Other Types
2) By Application: Handling, Palletizing, Welding, Other Applications
3) By Industry: Packaging, Automotive, Pharmaceuticals, Food And Beverage, Semiconductors And Electronics, Heavy Engineering Machinery, Aerospace And Railway, Other Industries
Which Region Leads The Gantry Industrial Robots Market?
In 2024, the Asia-Pacific region held the largest share of the gantry industrial robots market. Besides, the market analysis covers other regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Gantry Industrial Robots Market Global Market Report?
- Market Size Analysis: Analyze the Gantry Industrial Robots Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Gantry Industrial Robots Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Gantry Industrial Robots Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Gantry Industrial Robots Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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