Product Description
Cutting, Deburring and Finishing are the processes involved in shaping and reshaping of the metal to create useful objects, assembly parts, and large scale structures with the help of robot or an automated machine. As a term, the method involves wide range of processes, skills, tools for producing large objects from a range such as huge ships, buildings, bridges to precise engine and delicate jewellery.
The method of cutting deburring and finishing has a deep rooted history. Its use spans cultures, civilizations and millennia. The processes have evolved over the time from shaping soft metals like gold with simple hand tools, through the smelting of ores and hot forging of harder metals. In modern metal work the process can be classified into three diverse areas as forming, cutting and joining.
Due to growing demand for large scale metal production these days, these processes are done through automated machines, which is propelling the market.
Market Description & Overview
The Robotic Cutting, Deburring and Finishing Market is expected to witness a substantial upturn with a CAGR of 12.1% during the forecasted period of 2022 to 2030. As per experts, the Robotic Cutting, Deburring and Finishing Market is expected to witness a significant growth by 2030. Robotic Cutting, Deburring and Finishing Market was valued at USD 789.2 Billion in 2021; however, it is anticipated to show a noteworthy progress of USD 2206.16 billion by the year 2030.
Every manufacturing companies requires to assemble certain parts, create useful objects from metals and all this creation requires the metal to be moulded with the help of cutting and finishing method, only to have a masterpiece created.
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Manufacturing firms are lately witnessing the advantages of robotic cutting, deburring and finishing process over the conventional method and are now implementing these ideas in their production units. The global market of cutting, burring and finishing is now gaining traction looking at the benefits of mechanised working. On account of globalization, there is a substantial demand for several machineries across globe. Hence need for industrial robots is on rising trend to meet the productivity and accuracy. Additionally, introduction of AI in manufacturing sector also has boosted the market.
Furthermore, the interface of AI, machine learning and human-machine technology has expanded the functioning of robotic cutting, deburring and finishing market. So also, human-machine interface has stretched the operations of important applications in digitalization industry verticals such as healthcare, logistics, manufacturing, defence, entertainment which is influencing the market.
Growth factors such as awareness of and for development of alternative energy-efficient options coupled with internal competition in several industries for better technology and automation is driving the market robotics market.
Market Segmentation
The Robotic Cutting, Deburring and Finishing Market is segmented into Product Type, Application, End Use.
Product Type
Based on Product Type the market is further segmented into
- 6-Axis and 7-Axis
- 3-Axis to 5-Axis
The 6-Axis and 7-Axis segment to lead the market, as their range of motion is equivalent to a human arm. The 6-Axis and 7-Axis are the standard product used in robotic automation industry.
Application
Based on Application the market is further segmented into
- Automotive Industry
- Metal Industry
- Electronics Industry
- Others
The manufacturing process in automotive industry involves several functions such as assembly, material removal, welding, cutting, finishing etc. Cutting and finishing robots have enabled the manufacturing process in automotive sector to improve from the accuracy of traditional process, allowing them to be more efficient and accurate. Hence the automotive industry sector stands at a highest position.
End Use
Based on End Use the market is further segmented into
- Automotive Industry
- Metal Industry
- Electronics Industry
- Other Industries
Regional Analysis
Based on the regional analysis the market covers regions such as America, Europe, Korea, China, Taiwan, Asia Pacific, and Rest of the world. Asia Pacific was marked as dominant region and is expected to remain the same during the forecasted period.
Market Key players
The key players of any market comprise of investors and intermediaries. Businesses are analysing the process that identifies direct competitors to accomplish their mission and vision. Many leading corporations are undertaking acquisitions and development activities to sustain the competition. The market is highly competitive and has witnessed growing competition between vendors. Some of the key players are ABB, FANUC, Kawasaki Heavy Industries, KUKA, Yaskawa Motorman, ARCOS, ATI Industrial Automation, Fastems, Genesis Sytems, Romheld Automation, DAIHEN Corporation, DENSO Robotics, Staubli International AG, Universal Robots, Comau.
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