Automotive Paint Robots Market Future Assessment by End-Users Industry and Trend
Posted by Arslan on February 20th, 2020
The global automotive paint robots market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each automotive paint robots market player in a comprehensive way. Further, the automotive paint robots market report emphasizes the adoption pattern of the automotive paint robots across various industries.
The automotive paint robots market report highlights the following players:
The automotive paint robots market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
The global market for automotive paint robots is expected to witness growth with a moderate CAGR of ~5 per cent. The growth can be attributed to the rising demand for automation from the automotive industry, and the resultant increase in research and development in the field, which accounts for greater amounts of investment.
Manufacturers Focus on New Product Launches
The global market for automotive paint robots is largely consolidated with major names such as Yskawa Electric Corporation, Durr AG, KUKA Roboter GmbH, ABB Ltd., and Fanuc Corporation account for approximately 80 per cent of the overall market share.
Major manufacturers are focusing their businesses towards new product development, mergers and acquisitions, and collaborations. The rate of vehicle production across regions such as India, Japan, and the Middle East and Africa are expected to remain high, leading the adoption rate, surpassing Latin America and Europe, with a rise of CAGRs of approximately 4 per cent for these regions. New products involve setups which can operate without linear displacement rails, reduced interference work envelops, greater reach and efficiency, with minimal service costs, which results in a shorter period to gain returns on investment.
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Demand for Quality Standards Support Development
Aesthetic related challenges are common to the painting process in the automotive industry. Across the globe, the changes in terms of the quality of finish are very notable. This can be attributed to the various locations associated with a coating process, including substrates made from steel or aluminum alloys.
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About the AuthorArslan
Joined: December 18th, 2017
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