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Press Release
Robotic Paint Booth Market is expected to grow CAGR of 5.9% by 2030
Fortune Business Insights recently released “The Robotic Paint Booth Market Report 2024,” offering in-depth market analysis and critical insights to help clients gain a competitive edge. This comprehensive study delivers key findings for strategic advantage.
Robotic Paint Booth Market Share, Size & COVID-19 Impact Analysis, By Type (Explosion Proof Type and Non-Explosion Proof Type), By Application (Paint Booth and Paint Booth Robots), By End User (Automotive and Non-automotive), and Regional Forecast, 2023-2030
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The market’s competitive landscape for robotic paint booth market is evaluated by analyzing key industry players, their production capacities and utilization rates, robotic paint booth marketM’s production chain, manufacturer pricing, and the revenue each manufacturer generates globally in the robotic paint booth marketM sector.
Major companies of robotic paint booth market:
- ABB Ltd. (Switzerland)
- Yaskawa Electric Corporation (Japan)
- Effort Intelligence Equipment Co. Ltd. (China)
- Staubli International AG (Switzerland)
- Kawasaki Heavy Industry Co. Ltd. (Japan)
- Durr Group (Germany)
- GIFFIN (U.S.)
- Fanuc Corporation (Japan)
- KUKA AG (Germany)
- SAIMA Meccanica S.p.A. (Italy)
Market atributes:
| Report Componant | Aspects |
| Forecast Period | 2022-2030 |
| Projected Market Value for 2022: | USD 3.43 billion |
| Forecasted Market Value for 2030: | USD 5.31 billion |
| Compound Annual Growth Rate (CAGR): | 5.9 |
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Key Drivers and restraints:
- Driver: Increasing Demand for Automation in ManufacturingThe growing need for automation in manufacturing processes drives the adoption of robotic paint booths, which enhance efficiency, precision, and consistency in the painting and coating of various products.
- Driver: Technological AdvancementsAdvancements in robotics and painting technology, including improved automation controls, advanced spray systems, and enhanced material handling, contribute to the growing market for robotic paint booths.
- Driver: Stringent Environmental RegulationsStricter environmental regulations and standards for emissions and waste disposal push industries to adopt robotic paint booths, which offer better control over paint application and reduce environmental impact.
- Restraint: High Initial InvestmentThe substantial upfront costs associated with purchasing and installing robotic paint booths can be a barrier for smaller manufacturers and businesses with limited budgets.
- Restraint: Maintenance and Operational ComplexityRobotic paint booths require regular maintenance and can involve complex setup and operation, which may lead to increased downtime and additional costs for training and technical support.
Regional atributes:
- North America (By Type, By Application, By End User, and By Country)
- U.S. (By Type)
- Canada (By Type)
- Europe (By Type, By Application, By End User, and By Country)
- Germany (By Type)
- U.K. (By Type)
- France (By Type)
- Italy (By Type)
- Rest of Europe
- Asia Pacific (By Type, By Application, By End User, and By Country)
- China (By Type)
- Japan (By Type)
- India (By Type)
- South Korea (By Type)
- Southeast Asia (By Type)
- Rest of Asia Pacific
- Middle East and Africa (By Type, By Application, By End User, and By Country)
- GCC (By Type)
- South Africa (By Type)
- Rest of Middle East and Africa
- Latin America (By Type, By Application, By End User, and By Country)
- Brazil (By Type)
- Mexico (By Type)
- Argentina (By Type)
- Rest of Latin America
Industry developments:
- September 2022: Durr Group introduced a new Industry 4.0 robot paint booth for carmaker Chery Automobiles Co. Ltd. based in Wuhu, China. This type of system would be used for painting various vehicles and components for SUVs.
- July 2022: ABB Ltd. launched a new robotic paint booth for painting applications. It is an environment-friendly system and would be used to ensure zero quality defects. This type of product is expected to be used for improving the production capacity. It claims to increase the efficiency and color changing capacity by 10% and 75%, respectively, and reduces the consumption of air by 20%.
- February 2022: ABB Ltd. introduced an innovative robot solution for automotive applications. The aim of this application is to reduce overall production cost by one third, which saves cost and makes automotive paint facilities more sustainable.
- December 2020: Durr Group acquired the Teamtechnik Maschinen und Analgen GmbH deals in assembly and functional test systems. The acquisition was done to improve the company’s supply chain and product portfolio.
- September 2020: ABB Ltd. introduced PixelPaint, the future of robotic painting. This system has features, such as decreased operational cost and improved production capacity. Also, this system overcomes the blockages in paint booths.
Table of Content :
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Merger, Acquisitions, and Partnerships
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Developments
- Value Chain Analysis
TOC Continued…!
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