In terms of annual growth (YoY), the market for painting robots will increase by 8.3%, reaching US$ 2.9 billion in 2021. The growing demand for robotic arms, according to the study, will cause the market for painting robots to expand favourably between 2021 and 2031 at a CAGR of 8.8%.
Global sales of painting robots will rise by 10.1% CAGR between 2021 and 2031. East Asia and Europe are likely to account for more than half of the global demand for painting robots through the year 2031.
The demand for painting robots is expected to be particularly strong in the United States, Germany, and Japan in 2021, making up nearly 7% of the global industrial robots market.
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Painting Robots Market – Sales in 2016 to 2020 Vs Projections for 2021 to 2031
Between 2016 and 2020, the global painting robots market size expanded at a CAGR of over 2.4%. The robots market is complicated, with a wide range of possibilities. Organizations are providing value to the market by focusing on certain end applications, supplying various types of robots, modules, subsystems, tools, or providing services.
Dedicated supply chains, design services, and research and development organizations have seamlessly worked over the years to provide optimum solutions to end-users. An important step in analysing the potential for robotics and painting robot technology is to provide a consistent categorisation of the potential in each type of market.
In the coming years painting robots market will continue gaining from application across diverse industries, from transportation to construction. Steered by this, the market will register growth at 10.1% CAGR in 2021 to 2031.
Painting Robots Market – Competitive Landscape
Painting robots market is highly consolidated with the top players holding nearly 75-80% of the global market share. The market participants are vying to expand their geographical footprints and working closely with automotive OEMs.
- In Aug 2021, Mexico, Dürr AG developed a high-tech paint facility for Ford Motor Company in order to handle a new car that Ford will be constructing. Dürr built the full paint shop, including low and high viscosity material supply systems, robotic paint and sealer application equipment, and other process automation technology.
- In April 2021, Kuka AG signed a 100 year partnership with Daimler automotive group. The collaboration will enable the automotive company to use all of Kuka’s products and solutions at various locations.
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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
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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