U.S. Markets closed
  • S&P 500

    -5.36 (-0.13%)
  • Dow 30

    -90.57 (-0.28%)
  • Nasdaq

    +8.69 (+0.07%)
  • Russell 2000

    -14.31 (-0.80%)
  • Crude Oil

    +0.74 (+1.06%)
  • Gold

    +10.70 (+0.55%)
  • Silver

    +0.39 (+1.72%)

    +0.0022 (+0.2051%)
  • 10-Yr Bond

    -0.0500 (-1.39%)
  • Vix

    -0.28 (-1.31%)

    +0.0034 (+0.2806%)

    +0.1200 (+0.0906%)

    -942.63 (-3.35%)
  • CMC Crypto 200

    -0.36 (-0.06%)
  • FTSE 100

    +30.62 (+0.41%)
  • Nikkei 225

    +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.
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