The Spray Painting Robots Market is anticipated to hit $836.65 million by 2023 at a CAGR of 4.39%.
According to the new market research report by IndustryARC titled “Spray Painting Robots Market By Type (Air, Airless, Electrostatic); By End User (Automotive, Shipping, Instruments and Components,
Building and Others) and By Geography (North America, Europe, China, Japan, India, Southeast Asia and RoW) — Forecast (2018 to 2023)”, the market will be driven by the rising awareness among various industries about the numerous benefits of the robots.
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APAC holds the largest market share in the Spray Painting Robots Market
Asia Pacific region holds the largest market share and growth in the Spray Painting Robots Market and is anticipated to reach $292.35 million by 2023 at a CAGR of 6.55%. Asia Pacific emerged as the potential and growing market for automotive industry owing to the presence of large number of automotive OEMs and parts manufacturers in this region and the growing need to improve quality and efficiency of painting is motivating the utilization of advanced finishing technologies and products in painting line.
Selected Value Chain Analysis Done in the Full Report:
In the initial stage, raw materials such as steel, cast iron, and aluminum are procured from the raw material suppliers. Next, in the manufacturing stage, design and fabrication of the robot will be done.
Since most manufacturers have their own basic machine design to which they incorporate modifications and accessories to meet the specific requirements of the application, the assembling can be done then and there using electric motors, hydraulic cylinders, bearings, wiring, controllers and other important parts.
Excerpts on Market Growth Factors:
Since painting application is one the major consumption areas of both automotive and robotic industries, the growth of automotive robots in North America is expected to drive the growth of spray paint robots during the forecast period.
A.Service Robotics Market
B.Industrial Robotics Market
The Spray Painting Market Report is Segmented as Indicated Below:
Spray Painting Robots Market By Type:
Spray Painting Robots Market By End User
3.Instruments and Components
Spray Painting Robots Market By Geography (Covers 12 + Countries)
Spray Painting Robots Market By Entropy
Yasakawa Electric Corporation
What can you expect from the report?
The Spray Painting Robots Market report is prepared with the main agenda to cover the following points:
1.Market Size by Product Categories
6.Top 10 End user Analysis
9.Mergers & Acquisition Analysis
Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirement. You can drop in an e-mail to [email protected] to discuss more about our consulting services.
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.