Portland, OR, Aug. 02, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the robotic paint booth market generated $3.09 billion in 2021 and is expected to reach $10.68 billion by 2031, growing at a CAGR of 12.7% from 2022 to 2031. changing market trends, market size and estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, early adopters and stockholders in introducing necessary strategies for the future and taking essential actions to significantly strengthen and increase their position in the market.
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Report coverage and details:
|Year of reference||2021|
|Market size in 2021||$3.09 billion|
|Market size in 2031||$10.68 billion|
|Number of pages in the report||315|
|Segments Covered||Type, sales type, robot type, end user industry and region|
|Drivers||Increased adoption of management tools|
|Opportunities||Automotive industry growth|
|Extensive applications in aerospace and defense|
|holds back||Hugh Installation Costs|
|High paint booth maintenance costs|
- The COVID-19 outbreak has negatively impacted the growth of the global robotic paint booth market, owing to the occurrence of lockdowns in various countries across the globe. The lockdowns have resulted in the closure of various manufacturing facilities including those of the robotic paint booth. This, in turn, negatively decreased demand.
- These restrictions on eliminating or limiting the workforce and overall plant operations were mainly due to the strict restrictions imposed by governments to curb the spread of the virus during the pandemic.
- Thus, the robotic paint booth market is expected to focus on protecting its workforce, operations, and supply chains to respond to immediate crises and find new ways of working post-COVID pandemic. -19.
- Additionally, the ban on the import and export of raw materials has further aggravated the growth of the market. However, the market should recover quickly.
The report offers detailed segmentation of the global robotic paint booth market on the basis of type, sales type, robot type, end-user industry, and region.
Based on the type, the 6-axis segment is expected to quote the fastest CAGR of 13.5% during the forecast period. The report also offers segment analysis such as 4 axis and others.
Get detailed analysis of the impact of COVID-19 on the Robotic Paint Booths Market Request here
Based on the type of sales, the hardware segment held the largest market share in 2021, holding nearly four-fifths of the global market, and is expected to maintain its leading status during the forecast period. The services segment, on the other hand, is expected to quote the fastest CAGR of 13.1% during the forecast period.
Based on robot type, the traditional industrial robot segment held the dominant market share in 2021, holding over 94% of the global market, and is expected to maintain its leading status during the forecast period. The collaborative robot segment, on the other hand, is expected to quote the fastest CAGR of 13.5% during the forecast period.
Based on the end-user industry, the aviation segment is expected to cite the Fastest CAGR 13.6% over the forecast period. The report also offers segment analysis including automotive and others.
Based on the region, the Asia-Pacific market held the largest market share in 2021, attracting more than half of the global market, and is expected to maintain its leading status during the forecast period. The LAMEA region, on the other hand, is expected to quote the fastest CAGR of 14.2% during the forecast period. The report also offers analysis of other regions such as Europe and North America.
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Key players analyzed in the global robotic paint booth market report are Kawasaki Heavy Industries Ltd., KUKA Aktiengesellschaft, Staubli International AG, BB, CMA Robotics Spa, Durr AG, Epistolio Robot, Fanuc America Corporation, Graco Inc., Eisemann Inc., Giffin Inc., Junair, Fanuc Automation and Varnish.Tech Srl, Yaskawa Electric Corporation., Fujitronics KK, Crocodile Paint Booth.
The report analyzes these key players in the global robotic paint booth market. These market players have effectively used strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance, and operating segments of major market players.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Pawan Kumar, CEO of Allied Market Research is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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