U.S. Markets closed

  • S&P 500

    3,997.51
    -5.36 (-0.13%)
     

  • Dow 30

    32,470.03
    -90.57 (-0.28%)
     

  • Nasdaq

    11,868.80
    +8.69 (+0.07%)
     

  • Russell 2000

    1,763.43
    -14.31 (-0.80%)
     

  • Crude Oil

    70.41
    +0.74 (+1.06%)
     

  • Gold

    1,951.80
    +10.70 (+0.55%)
     

  • Silver

    22.81
    +0.39 (+1.72%)
     

  • EUR/USD

    1.0794
    +0.0022 (+0.2051%)
     

  • 10-Yr Bond

    3.5560
    -0.0500 (-1.39%)
     

  • Vix

    21.10
    -0.28 (-1.31%)
     

  • GBP/USD

    1.2253
    +0.0034 (+0.2806%)
     

  • USD/JPY

    132.5800
    +0.1200 (+0.0906%)
     

  • BTC-USD

    27,191.10
    -942.63 (-3.35%)
     

  • CMC Crypto 200

    615.59
    -0.36 (-0.06%)
     

  • FTSE 100

    7,566.84
    +30.62 (+0.41%)
     

  • Nikkei 225

    27,466.61
    +520.94 (+1.93%)
     

Global Painting Robots Market Witnessed to Exhibit Y-o-Y CAGR of 10.1% to Attain a Worth of US$ 2.9 Bn in 2021 & is Projected to Cross Revenue of US$ 7.65 Bn by year 2031-end | Future Market Insights, Inc.

Future Market Insights Global and Consulting Pvt. Ltd.
·8 min read
Future Market Insights Global and Consulting Pvt. Ltd.
Future Market Insights Global and Consulting Pvt. Ltd.

Amid Growing Demand in Construction & Aerospace Industries Painting Robots Market will reach US$ 7.65 Bn in 2031. The U.S. Painting Robots Market is expected to create an absolute dollar opportunity of US$ 334 Mn from 2021-2031

NEWARK, Del, Dec. 06, 2022 (GLOBE NEWSWIRE) -- The global painting robots market is expected to reach a valuation of US$ 7.65 Bn in 2031, with sales growing at a stellar CAGR of 10% from 2021 to 2031. Valued at US$ 2.7 Bn in 2020, the target market is driven by swift expansion of the automobile, aerospace, consumer goods, and electronics sector. Increasing application by the construction industry will bolster the growth of the painting robots market during the forecast period.

Factors such as surging number of industrial clusters, digital investments, green infrastructure, talent reskilling, and high-value food industries are expected to act as major growth drivers for the painting robots market, particularly in ASEAN countries which are swiftly emerging as the popular hub for robotics and automation. In addition to this, the rapidly advancing automobile, aerospace, consumer products, and electronics sectors has further encourages these countries to adopt modern technology which includes robotic painting.

Get Sample Report with Latest Industry Trends Analysis: https://www.futuremarketinsights.com/reports/sample/rep-gb-7128

More and more industries are leaning towards complete automation. With automation systems becoming increasingly adaptive and intelligent; capable of changing their behavior on their own to raise productivity or lower unit costs, industries are increasingly keen on these automation systems. Due to advancements in artificial intelligence and sensor technology, automated painting robots are expected to better handle a greater amount of task-to-task unpredictability. All of these considerations are likely to propel the painting robots market during the forecast period.

“Increasing adoption of painting robots in aerospace and the construction sector along with other industries is expected to spearhead the global growth of the painting robots market over the forecast period,” - says an FMI analyst.  

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.

Access Full Report: https://www.futuremarketinsights.com/reports/painting-robots-market

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.

Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-7128

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

Get a 20% Flat Discount (Apply FMITODAY Promo Code) on Direct Purchase: https://www.futuremarketinsights.com/checkout/7128

Table of Content

1. Executive Summary
    1.1. Global Market Outlook
    1.2. Demand Side Trends
    1.3. Supply Side Trends
    1.4. Technology Roadmap
    1.5. Analysis and Recommendations

2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations

3. Key Market Trends
    3.1. Key Trends Impacting the Market
    3.2. Innovation / Development Trends

4. Key Success Factors
    4.1. Product Adoption / Usage Analysis
    4.2. Product innovation & Diversification Read Full TOC…

Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape:

Power Tools Market Size: The global power tools market is expected to reach US$ 33.36 Bn in 2022. As per the latest Future Market Insights (FMI) analysis, demand for electric power tools and portable power tools will rise exponentially in the coming years.

Tower Crane Market Share: Global tower crane market to grow at 4.8% CAGR through 2031. Tower cranes are mostly used in the construction industry for different applications including lifting and transportation of the bulky material from ground to the top of the building.

Water Desalination Equipment Market Analysis: The Global Water Desalination Equipment Market was valued at US$ 8.4 Bn in 2021. It is estimated to grow at a CAGR of 8.2% from 2022 to 2032. The market is likely to reach a valuation of US$ 20 Bn by the end of 2032.

Dynamic Positioning System Market Growth: The Global Dynamic Positioning Systems Market would be worth US$ 8.2 billion in 2022. During the forecast period of 2022-2032, the market is anticipated to grow at a CAGR of 11.6% to reach US$ 10.3 billion by 2032

Softgel Encapsulation Machine Market Demand: The Global Softgel Encapsulation Machine Market size is set to be valued at US$ 104.5 Mn in 2022 and is projected to grow at a CAGR of 4.3% from 2022 to 2032. The market is anticipated to reach a valuation of US$ 159.6 Mn by 2032

Electrical Steel Market Forecast: The electrical steel market is predicted to expand 5.3% year on year in 2022, with a total worth of US$ 37.5 Billion. According to a Future Market Insights (FMI) report, electrical steel sales will grow at a 6.5% CAGR between 2022 and 2032.

Mud Pumps Market Size: The mud pumps market sales will total US$ 872.2 Mn in 2021. Demand outlook remains fairly positive as the market is forecast to register 3.4% CAGR between 2021 and 2031

Building Automation Systems Market Share: Global building automation systems market to reach a valuation of US$ 44.6 Bn in 2021. After countering the initial impacts of COVID-19, the market is poised to grow at a robust 7.8% CAGR through 2031.

Screw Compressor Market Demand: The global screw compressor market is projected to grow year-on-year by 3.0% in 2022, reaching a value of about US$ 14.8 Bn. With the increasing popularity of automation trends, the high adoption of oil-free screw air compressors is expected to drive the market. Between 2022 and 2032

Advanced Process Control Market Size: The advanced process control market is expected to advance with a steady CAGR of 9.31%, through the forecast period.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc. 
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark,
Delaware - 19713, USA 
T: +1-845-579-5705 
For Sales Enquiries: sales@futuremarketinsights.com


Recommended Stories

  • 'Invite me to your funeral': Jim Cramer makes a bold call on the Nasdaq — and even billionaire Elon Musk had to respond. Here are 3 ways to bet on that conviction

    Mad Money or a mad call?

  • Leaked Documents Show Amazon Made an Enormous Mistake

    The last year has seen a large number of job layoffs in the technology sector. Major companies like Salesforce, ESPN, Microsoft, Google, and Meta Platforms have all announced cuts to staffing -- a move that has been largely attributed to the rapid growth of online tech during the covid-19 lockdown. Amazon is one of the biggest companies announcing waves of job cuts -- in January, the company let go of more than 2,300 employees in the payments, health care, human resources, robotics, and web services departments.

  • Wall Street Bulls Look Optimistic About Medical Properties (MPW): Should You Buy?

    Based on the average brokerage recommendation (ABR), Medical Properties (MPW) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?

  • Ford F-150 Lightning recall reveals cause of battery fire

    The National Highway Traffic Safety Administration has revealed the root cause of the battery fires that halted Ford F-150 Lightning production.

  • Ask an Advisor: I'm a 43-Year-Old Divorced Dad With $315K in an IRA, $90K in a Roth and Other Accounts. Can I Retire at 57?

    I am a 43-year-old divorced father. I have $315,000 in a traditional individual retirement account (IRA), $90,000 in a Roth IRA, $22,000 in a health savings account (HSA), $8,000 in a 529 college savings account, $30,000 in a traditional 401k, … Continue reading → The post Ask an Advisor: I'm a 43-Year-Old Divorced Dad With $315K in an IRA, $90K in a Roth and Other Accounts. Can I Retire at 57? appeared first on SmartAsset Blog.

  • George Soros and Steve Cohen Have One Thing in Common: They Both Bet on These 2 Stocks

    In this uncertain market environment, the educated investor would do well to seek out some signal that can cut through the noise and indicate the sound stock purchase choices. Following the legendary investors, the traders who build multi-billion dollar fortunes on the stock market trading scene, is a popular strategy – and when two of those investing legends agree… well, there’s a stock that should definitely get a second look. George Soros and Steve Cohen have both built fortunes, for themselv

  • Elon Musk says what he thinks the Fed should do with interest rates

    Elon Musk on late Monday offered his opinion on what the Federal Reserve should do with its benchmark interest rate. The Fed's FOMC is meeting for two days this week.

  • Stock market news today: Stocks smoked after Federal Reserve raises rates by 0.25%

    U.S. stocks moved higher Wednesday after the Federal Reserve raised interest rates by quarter percentage point amid a fast-moving banking crisis.

  • 'Big Short' Michael Burry Sounds the Alarm on Two U.S. Banks

    The legendary investor indicates that more than 60% of Comerica and U.S. Bancorp deposits are uninsured.

  • ‘Load Up,’ Says Raymond James About These 3 ‘Strong Buy’ Stocks

    The last few weeks have been rocky, with the collapse of Silicon Valley Bank, and the crypto-heavy Silvergate and Signature banks, dominating the headlines. For a short time, it seemed that the contagion would spread to the global financial giants. Now, however, it appears that we’ve managed to avoid a true banking crisis – and Raymond James’ chief investment officer Larry Adam has pointed out several reasons why. For starters, Adam notes that Credit Suisse, despite its troubles, found a way out

  • US STOCKS-Wall St ends sharply lower after Powell warns inflation fight continues

    Wall Street gyrated to end sharply lower on Wednesday after the U.S. Federal Reserve delivered a widely expected 25 basis point policy hike, while hinting that it was on the verge of pausing future increases in view of recent turmoil in the financial sector. The three major U.S. stock indexes, which were mostly directionless prior to the Fed announcement, jumped higher then deflated as investors digested the accompanying statement and Chair Jerome Powell's subsequent Q&A session. "The market was encouraged when it heard that the Fed had considered pausing completely and then it was disappointed when Powell clarified that their hands weren’t tied and that they can keep raising rates if they need to," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance in Charlotte, North Carolina.

  • GE Is Splitting in Two. Here’s What the Parts Are Worth.

    Wolfe Research analyst Nigel Coe took a look at what GE Aerospace and GE Vernova will be worth on a stand-alone basis. GE Vernova, GE's power generation businesses, are due to be spun out in early 2024.

  • How Do I Avoid Paying Tax on Dividends?

    Dividends are payments that some companies make to shareholders to reward them for investing in them. Dividends can provide regular, predictable income to investors who also preserve the chance of profiting from price appreciation. Dividends can qualify for advantageous capital … Continue reading → The post How Do I Avoid Paying Tax on Dividends? appeared first on SmartAsset Blog.

  • CDC Rings Alarm About Deadly Fungus. 6 Things to Know.

    The number of infections from the Candida Auris fungus, which can be deadly for people who are already sick, is small but rapidly growing.

  • Delta Move Is Bad News For Southwest, United Airlines Passengers

    Airfare prices move up and down based on two major things -- passenger demand and the cost of actually flying the plane. Domestic air travel traffic for 2022 rose 10.9% compared to the prior year. The nation's air traffic in 2022 was at 79.6% of the full-year 2019 level.

  • The Fed Has Overseen a Remarkable Transfer of Wealth From Bondholders to Taxpayers

    The same dynamics that have left some banks reeling have handed taxpayers a windfall. The Fed will have to navigate them, David Beckworth writes.

  • First Republic shares drop 11% as Yellen says Treasury won't insure all deposits

    NEW YORK (Reuters) -As beleaguered First Republic Bank considers its options, Treasury Secretary Janet Yellen said on Wednesday there is no discussion on insurance for all deposits, making a "bull case" scenario more difficult for the stock. First Republic, whose shares have lost much of their value since the banking crisis started in the U.S. on March 8, is among the banks speaking to peers and investment firms about potential deals in the wake of U.S. regulators taking over Silicon Valley Bank and Signature Bank this month following bank runs. Morgan Stanley analyst Manan Gosalia, in a report earlier this week, set a target price of $54 for First Republic shares.

  • U.S. Bancorp Dispels Doom Scenarios

    The regional bank says it's not facing a bank run as investors fear risk of contagion after Silicon Valley Bank collapse.

  • UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal - FT

    UBS on Sunday agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. Klein, a veteran dealmaker, was merging his eponymous advisory boutique into Credit Suisse's investment banking operations to create CS First Boston as a standalone business which he would have led from New York. UBS has now assigned a legal team to examine how to void the contract Credit Suisse signed with Klein in the cheapest way possible, according to the FT report, which cited people with direct knowledge of the matter.

  • Warren Buffett’s Likely Successor Buys $24.6 Million in Berkshire Stock

    Abel, who heads the non-insurance operations of Berkshire (ticker: BRK.A, BRK.B), purchased 55 class A shares at a price of $447,259 on Friday, lifting his stake in the A shares to 228 shares. Berkshire shares rose 1% Tuesday to $460,515, and the B shares gained 0.9% to $303.85. The purchases were made on behalf of the Gregory Abel Revocable Trust on behalf of his wife, children, and other family members.