The upcoming landscape of the painting robots market is characterized by significant growth, with an estimated value of US$ 4.5 billion in 2023. Projections reveal a substantial leap, envisioning the market’s value soaring to US$ 11 billion by 2033. Over the forecast period, the adoption of painting robots is expected to embrace a notable Compound Annual Growth Rate (CAGR) of 9.3%.
A significant driving force behind this market surge lies in the increasing emphasis on worker safety and ergonomic well-being. By taking on repetitive and potentially hazardous tasks, painting robots effectively reduce the risk of worker exposure to noxious fumes, chemicals, and physical strain. This pivotal role not only enhances workplace safety but also helps companies ensure strict compliance with rigorous occupational health and safety regulations. As industries prioritize the overall well-being of their workforce, the adoption of painting robots gains significant traction, 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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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