Painting Robots Market To Experience A Hike In Growth By 2033

[Latest Market Trends]

The painting robots market, with a notable valuation of USD 4.5 billion in 2023, has laid a robust foundation for a promising decade ahead. Projections indicate substantial growth, aiming for a valuation of USD 11 billion by 2033, propelled by a robust Compound Annual Growth Rate (CAGR) of 9.3%.

A significant driver behind this market surge is the heightened emphasis on worker safety and well-being. Painting robots play a crucial role in achieving this objective by efficiently managing repetitive and potentially hazardous tasks. These automated systems are instrumental in mitigating the risk of worker exposure to harmful fumes, dangerous chemicals, and physical strain. Their substantial contribution not only enhances workplace safety but also enables companies to meticulously comply 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 USD 983 Million.
The U.S.A’s painting robots market will create a growth opportunity of USD 334 Million 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 USD 1.93 Billion.
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 2018 to 2022 and forecast statistics for 2023 to 2033. 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 USD 2 Bn during 2021-2031. In terms of application, the atomizer segment will dominate the global marketplace with an incremental opportunity of USD 2.43 Bn while the 7 axis configuration segment will create a growth opportunity of USD 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 USD 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
Read More: https://www.futuremarketinsights.com/reports/painting-robots-market