In 2023, the painting robots market is poised to be valued at an impressive US$ 4.5 billion, laying the foundation for an exciting decade ahead. Projections indicate that by 2033, the market is set to reach a substantial US$ 11 billion, showcasing a robust Compound Annual Growth Rate (CAGR) of 9.3%.
A pivotal catalyst propelling this market surge is the growing emphasis on worker safety and well-being. Painting robots are assuming a crucial role in achieving this objective by undertaking repetitive and potentially hazardous tasks. These robots effectively mitigate the risk of worker exposure to harmful fumes, dangerous chemicals, and physical strain. Their pivotal role not only enhances workplace safety but also empowers companies to ensure strict compliance with stringent occupational health and safety regulations.
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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.
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.
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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
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