The Painting Robots Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s revelatory Painting Robots Global Market Report for 2024, the robust expansion of the painting robots sector has been prominently evident. With a notable surge from $2.78 billion in 2023 to an anticipated $3.03 billion in 2024, the market is poised for a compelling compound annual growth rate (CAGR) of 9.1%. This unprecedented growth is underpinned by multifaceted factors, including the pervasive industrial automation trend, exacting environmental regulations, heightened operational efficiency and productivity, fiscal prudence, and resource optimization, alongside the pivotal enhancement of safety protocols within manufacturing domains and the escalating demand within the automotive sector for impeccable, high-quality finishes.
Prognostications for the painting robots market anticipate a formidable trajectory in the imminent years, with an estimated augmentation to $4.27 billion by 2028, sustaining an admirable CAGR of 8.9%. This projected surge is meticulously correlated with an escalating demand for sustainable painting methodologies, a paradigm shift towards customization in small-batch production processes, the advent of compact and portable painting robots, an emphasis on human-centric design principles, and the resonance of global reshoring initiatives. Noteworthy trends on the horizon encompass the ascendancy of dual-arm painting robots, seamless integration with smart manufacturing paradigms, the adoption of 3D surface mapping and inspection, the pervasive utilization of augmented reality (AR) for programming precision, the establishment of human-robot collaboration safety standards, and the far-reaching implementation of remote monitoring and maintenance protocols, indicative of a global expansion within the realm of industrial robotics.
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.
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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
Top 5 Major Players:
A salient theme permeating the landscape of the painting robot market is the pervasive influence of technological progression. Eminent entities in the domain are ardently committed to pioneering innovative technologies to fortify their market standing. A poignant illustration of this commitment transpired in August 2021 when Yaskawa Motoman, a stalwart in the U.S. robotic painting product manufacturing sphere, unveiled the six-axis MPX1400, a groundbreaking addition to their portfolio. The MPX1400 is meticulously governed by the DX200-FM controller, housing application-specific software tailored for painting applications, exemplified by its proficiency in robot-to-paint applicator coordination, trigger delay precision, air calibrations, and valve timing synchronization. This cutting-edge model boasts a compact interference work envelope, enabling proximity to workpieces for optimal floor space utilization, with versatile installation options encompassing floor, wall, or ceiling configurations. It further underscores compatibility with a spectrum of networks, including EtherNet, EtherNet IP, CC-Link, and DeviceNet, thereby exemplifying a paradigm shift in the landscape of robotic painting technology.
The painting robots market report table of contents includes:
1. Executive Summary
2. Painting Robots Market Characteristics
3. Painting Robots Market Trends And Strategies
4. Painting Robots Market – Macro Economic Scenario
5. Global Painting Robots Market Size and Growth
…..
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
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Painting Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Painting Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Painting Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: FANUC Corporation Financial Performance
Table 75: ABB Ltd. Financial Performance
Table 76: KUKA AG Financial Performance
Table 77: Yasakawa Electric Corp. Financial Performance
Table 78: Kawasaki Heavy Industries Ltd. Financial Performance
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