The painting robots global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Painting Robots Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The painting robots market size has grown strongly in recent years. It will grow from <b>$2.78 billion in 2023 to $3.03 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. </b> The growth in the historic period can be attributed to industrial automation trend, stringent environmental regulations, enhanced efficiency and productivity, cost reduction and resource optimization, improved safety in manufacturing, growing automotive production, demand for high-quality finishes.
The painting robots market size is expected to see strong growth in the next few years. It will grow to <b>$4.27 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. </b> The growth in the forecast period can be attributed to demand for sustainable painting practices, customization in small-batch production, development of compact and portable painting robots, focus on human-centric design, global reshoring initiatives. Major trends in the forecast period include dual-arm painting robots, integration with smart manufacturing, 3d surface mapping and inspection, augmented reality (ar) for programming, human-robot collaboration safety standards, remote monitoring and maintenance, global expansion of industrial robotics.
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Scope Of Painting Robots Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Painting Robots Market Overview
Market Drivers –
The increase in vehicle demand from the automotive sector is expected to propel the painting robots market going forward. Economic expansion, rising living standards, and increased purchasing power have increased automobile demand. This expansion has resulted in the growing demand for painting robots for applying coatings with high precision and consistency, which minimizes hazardous waste and increases application accuracy on automotive bodies using robotic spray painting. For instance, according to a study released by the European Automobile Manufacturers Association, a Belgium-based standard group, in April 2022, 79.1 million automobiles were produced globally in 2021, rising 1.3% from the previous year. Additionally, in March 2022, according to a report published by the US Department Of Energy, a US-based agency that manages nuclear infrastructure and energy policies, electric vehicle (EV) sales increased by 85% in 2021. Therefore, the increasing vehicle demand from the automotive sector will drive the growth of the painting robots market.
Market Trends –
Technological advancement is a key trend gaining popularity in the painting robot market. Major companies operating in the painting robot market are focused on innovating new technologies to sustain their position. For instance, in August 2021, Yaskawa Motoman, a US-based company engaged in the manufacturing of robotic painting products, launched a new painting robot, the six-axis MPX1400. The MPX1400 is controlled by the DX200-FM controller, which contains application-specific software for painting, such as robot-to-paint applicator coordination, trigger delays, air calibrations, and valve timing. This model has a low interference work envelope and can be positioned close to workpieces to maximize floor space, which can be installed on the floor, the wall, or the ceiling for arrangement versatility. It is compatible with networks such as EtherNet, EtherNet IP, CC-Link, and DeviceNet.
The painting robots market covered in this report is segmented –
1) By Type: Wall Mounted Painting Robot, Floor Mounted Painting Robot, Rail Mounted Painting Robot, Other Types
2) By Payload: Upto 5 Kg, Upto 15 Kg, Upto 45 Kg
3) By Configuration: 6 Axis, 7 Axis
4) By Application: Interior Painting, Exterior Painting
5) By End User: Transportation, Consumer Appliances, Foundry and casting, Furniture, Textiles, Construction, Heavy Engineering Equipment, Other End Users
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Regional Insights –
North America was the largest region in the painting robots market in 2023. The regions covered in the painting robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the painting robots market report are FANUC Corporation, ABB Ltd., KUKA AG, Yasakawa Electric Corp., Kawasaki Heavy Industries Ltd., DURR AG, Staubli International AG, Krautzberger GmbH, CMA Robotics Spa, Epistolio S.r.l, Nanchang and Hangzhou Color Powder Coating Equipment Co., Lesta srl, Gaiotto Automation S.P.A., B M Surface Systems India, Nebula Robotics Private Limited, Fuji Automatic NUmerical Control, Varnish Tech s.r.l., Graco Inc., Comau S.p.A., Shanghai Fanuc Robotics Co. Ltd., Guangzhou Advance Robot Co. Ltd., Anhui Efort Intelligent Equipment Co. Ltd., Shanghai Jiechuang Automation Equipment Co. Ltd., Shanghai Yirui Automation Equipment Co. Ltd., Shanghai STEP Electric Corporation, Shanghai Pudong Machinery Complete Equipment Co. Ltd., Shanghai Triowin Intelligent Machinery Co. Ltd., Shanghai Yuke Industrial Co. Ltd., Shanghai Liangshi Blasting and Coating Equipment Co. Ltd., Shanghai Jingmi Robot Technology Co. Ltd.
Table of Contents
1. Executive Summary
2. Painting Robots Market Report Structure
3. Painting Robots Market Trends And Strategies
4. Painting Robots Market – Macro Economic Scenario
5. Global Painting Robots Market Size and Growth
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31. Global Painting Robots Market Competitive Benchmarking
32. Global Painting Robots Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Painting Robots Market
34. Painting Robots Market Future Outlook and Potential Analysis
35. Appendix
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