The market for painting robots will grow annually (YoY) by 8.3%, reaching US$ 2.9 billion in 2021. According to the study, the market for painting robots will grow at a favourable rate of 8.8% CAGR between 2021 and 2031 due to the rising demand for robotic arms.
Between 2021 and 2031, the global sales of painting robots will increase by 10.1% CAGR. Through 2031, East Asia and Europe will probably account for more than half of the world’s demand for painting robots.
The painting robots market is predicted to account for nearly 7% of the global industrial robots industry in 2021, driven by strong demand in the U.S., Germany, and Japan.
Request Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-7128
Key Takeaways of Painting Robots Market Study
The market for painting robots will be worth $2.92 billion USD in 2021. The United States will emerge as a highly profitable market, with a $334 million absolute dollar opportunity by 2031. Painting robot demand in Germany will grow at a CAGR of 12.7 percent. East Asian painting robot sales will be dominated by China. China’s demand for painting robots will grow at a CAGR of 7.3 percent between 2021 and 2031. Japan and South Korea are expected to account for 16% of the painting robots market in 2021.
“With high demand in the manufacturing sector for painting robots, market players are expected to focus on customising features to meet specific industry requirements.” Aside from that, an FMI analyst expects them to use a variety of marketing platforms for product positioning.
Demand for automation is expected to drive the painting robots market aggressively during the forecast period. Sales of painting robots will skyrocket in the coming years due to the positive impact of Industry 4.0 and the increasing applications of quality management systems to improve operational efficiency and reduce error rate.
Competitive Landscape
The global market for painting robots has been identified as highly consolidated, with the top manufacturers controlling approximately 75-80 percent of the total market. Market participants are vying to expand their global footprints and collaborate directly with end users.
They produce economic solutions and address production issues for their customers by providing speed and scalability through their goods. The major players are also focusing on value-added services in order to build a strong service network.
Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-7128
Furthermore, to gain a competitive advantage, painting robot manufacturers are adopting key supply trends such as easy integration of robots into customers’ systems, easily programmable robots, and flexible deployment. Dürr AG, ABB Ltd, Kuka AG, Fanuc Corporation, Kawasaki Heavy Industries Ltd, and Yaskawa Global are some of the market’s leading players.
Sales of Painting Robots Gain Traction in the Aerospace Sector
More complicated manipulators with a lot of mechanical axes are used in the aerospace sector to paint very large components such as wings, fuselages, stabilizers, or entire aircraft.
Vision systems and software can also be used to automate the programming of aircraft component components, allowing for the painting of up to 90% of the surfaces of a variety of parts.
The majority of aerospace painting is done with air-atomized or high-volume low-pressure electrostatic guns. Boeing was an early adopter of robots for painting aircraft in the aerospace industry.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.
Contact Us:
Future Market Insights, Inc
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports