Connect with us

Technology

Painting Robot Market worth $5.8 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

on

CHICAGO, June 28, 2024 /PRNewswire/ — The Painting Robot market is projected to grow from USD 3.1 billion in 2024 and is estimated to reach USD 5.8 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the Painting Robot market is driven by increasing preference for automated painting solutions in aerospace, furniture, and construction industries, integration of advanced technologies such as machine learning, computer vision, and artificial intelligence.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=198522703

Browse in-depth TOC on “Painting Robot Market” 

215 – Tables
73 – Figures
287 – Pages

Painting Robot Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 3.1 billion

Estimated Value by 2029

$ 5.8 billion

Growth Rate

Poised to grow at a CAGR of 13.1%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Mounting Type, Robot Type, Function, Payload, Reach, Paint Applicator, End-user Industry and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Cybersecurity risks and potential vulnerabilities in robotic systems

Key Market Opportunities

Rising labor costs and shortage of workers

Key Market Drivers

Widespread adoption of robotic painting systems by automotive manufacturers

By mounting type, Rail Mounted Painting Robot segment is projected to grow at a high CAGR of Painting Robot market during the forecast period.

In the aerospace industry, rail mounted painting robots are becoming increasingly prevalent in aircraft manufacturing facilities due to their ability to provide precise control over paint thickness and coverage. These robots play a crucial role in painting various components such as fuselages, wings, and other critical parts of aircraft, ensuring compliance with stringent quality standards. The global aerospace industry has been experiencing continuous growth over the past few years, driven by increasing air passenger traffic, growing demand for commercial aircraft, and innovations in aircraft technology. The Aerospace Technology Institute (ATI) projects that the global market for new aircraft deliveries will reach an estimated value of USD 6.3 trillion by 2050. As aircraft production ramps up to meet the growing global demand, the need for rail mounted painting robots will correspondingly increase. The aerospace industry includes sectors such as space exploration and satellite manufacturing, which also significantly contribute to the demand for rail mounted painting robots.

Collaborative Robots segment in Robot Type will account for highest CAGR during the forecast period.

Collaborative robots are gaining traction in the realm of painting applications, particularly in low-volume production scenarios. Their inherent flexibility allows easy adaptation to various painting tasks, making them well-suited for environments requiring frequent production changes. Cost-effectiveness is a notable advantage, as cobots offer an affordable alternative to traditional industrial robots, catering to smaller businesses with limited budgets. The user-friendly nature of cobots facilitates quick programming without extensive robotics expertise, reducing deployment time and training costs. Safety is paramount, with cobots designed for collaboration alongside human workers, negating the need for extensive safety measures common in traditional robotic setups. Their compact size and lighter build contribute to space efficiency, addressing constraints often encountered in low-volume production settings.

Up to 10 kg Painting Robot in Payload segment in Painting Robot market will account for the highest CAGR during the forecast period

Payload capacity of less than 10 kg indicates that the robot is capable of handling objects or components weighing less than 10 kg. Painting robots with a payload capacity of less than 10 kg are typically designed for applications that involve painting small to medium-sized components or objects. These robots are equipped with painting tools, such as spray guns or brushes, and are programmed to apply paint or coatings onto various surfaces with precision and consistency. Their lightweight payload capacity allows them to handle delicate or intricate components with ease, ensuring accurate paint application without compromising the integrity of the object.

1,000 MM TO 2,000 MM Painting Robot in Reach segment in Painting Robot market will account for largest market share in the forecast timeline

The 1,000 mm to 2,000 mm reach segment offers a various advantage in terms of optimizing efficiency and safety in painting processes. The ability of such robots to reach obstacles eliminates the need for manual repositioning, streamlining production lines.  Their reach allows for painting tasks to be performed from a safe distance, minimizing worker exposure to harmful fumes or hazardous materials. In industries such as automotive manufacturing, painting robots with a reach of 1,000 mm to 2,000 mm are in high demand. These robots are capable of painting larger components such as car bodies, doors, and hoods with precision and efficiency.

Painting in Function segment is expected to account for the largest share during the forecast period.

In various industrial settings, painting robots play a pivotal role due to their multifaceted design and functionality. The mechanical body provides the framework for precise movement and positioning, ensuring accurate application of paint or coatings on diverse surfaces. Equipped with sensors, these robots detect environmental variables and adjust painting parameters, thus enhancing efficiency and quality control. The control unit orchestrates the robot’s actions, synchronizing movement and painting processes seamlessly. Subsystems such as the man-machine interaction interface facilitate intuitive operation and programming, empowering operators to optimize painting tasks with ease.

Atomizers in Paint Applicator segment in Painting Robot market will account for largest share during the forecast period

The demand for atomizer painting robots is driven by the industry’s need to optimize production processes, reduce costs, and enhance product quality. The integration of atomizer painting robots offers real-time sensing capabilities that allow for immediate detection and correction of paint-quality issues during application. This proactive approach minimizes the occurrence of improperly painted parts, thereby reducing the need for subsequent rework and scrap. Atomizer painting robots enable consistent and precise paint application, leading to higher quality finishes and improved customer satisfaction. The demand for advanced paint atomization technology in industrial painting processes has spurred companies like ABB (Switzerland), DURR AG (Germany), and LACTEC GMBH (Brazil) to develop cutting-edge solutions personalized to meet the evolving needs of manufacturers

Furniture in end-user industry segment in Painting Robot Market will account for the highest CAGR by 2029.

The integration of modern technology with traditional woodworking practices over the past century has significantly enhanced the efficiency and quality of furniture production. Factories producing chairs and other furniture items in large quantities have increasingly turned to automation to maintain market leadership. Robots, specializing in tasks such as spraying paint, sanding, and inspecting have transformed furniture production by increasing productivity and ensuring consistent quality. CMA Robotics is driving innovation in the wood industry by providing advanced painting robots tailored specifically for this sector.  By leveraging the advanced technologies, such as 3D vision systems, the company has created complete systems for painting panels, doors, and furniture accessories. As manufacturers seek to maintain market leadership and meet consumer demands for superior products, they are increasingly turning to industrial robots designed specifically for painting applications.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=198522703

Asia Pacific will account for the highest CAGR during the forecast period.

The aging population in countries such as Japan and China has resulted in rising labor costs, accelerating the demand for automation. The aging population is also attracting companies to invest in Asia Pacific. The presence of some of the most prominent players in the painting robot market space, such as FANUC Corporation (Japan), Yaskawa Electric Corporation (Japan), and DENSO Corporation (Japan), is another major factor driving the market in this region. China is at the forefront of the painting robot industry, driven by its expansive manufacturing sector, rapid industrialization, and significant investments in automation technology. As the largest manufacturing hub in the world, China is leveraging painting robots to enhance production efficiency, improve product quality, and address labor challenges. As the region continues to transform and embrace smart manufacturing practices, the demand for painting robots is expected to rise.

Key Players

Key companies operating in the Painting Robot companies are ABB (Switzerland), FANUC CORPORATION (Japan), KUKA AG (Germany), YASKAWA ELECTRIC CORPORATION (Japan), Kawasaki Heavy Industries, Ltd. (Japan), DURR AG (Germany), Epistolio (Italy), krautzberger (Germany), CMA robotics (Italy), Stäubli International AG. (Switzerland), among others.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=198522703

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Industrial Robotics Market Size, Share and Industry Growth Analysis Report & Statistics by Type (Traditional, Collaborative), Component, Payload (Upto 16.00 Kg, 16.01-60.00 Kg, 60.01-225.00 Kg, More than 225 Kg), Application (Handling, Dispensing, Processing), End Use Industry and Region – Global Forecast to 2028

Collaborative Robot Market Size, Share, Statistics and Industry Growth Analysis Report by Payload (Up to 5 kg, 5-10 kg, 10-25 kg, & More than 25 kg), Application (Handling, Assembling & Disassembling, Dispensing), Industry (Automotive, Electronics, Metals & Machining) & Region – Global Growth Driver and Industry Forecast to 2030

Service Robotics Market Size, Share & Industry Trends Analysis Report by Environment (Aerial, Ground, Marine), Type (Professional, Personal & Domestic), Component, Application (Logistics, Inspection & Maintenance, Public Relations, Education) and Region – Global Forecast to 2028

Robot End Effector Market Size, Share, Statistics and Industry Growth Analysis Report by Type (Grippers, Welding Guns, Tool Changer, Clamps, Suction Cups, Deburring, Soldering, Milling, & Painting Tools), Robot Type (Traditional, Collaborative), Application, Industry & Region – Global Growth Driver and Industry Forecast to 2028

Top Robotics Market Size, Share and Industry Growth Analysis Report by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) End User and Region- Global Growth Driver and Industry Forecast to 2025

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/painting-robot-companies.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/painting-robot.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

View original content:https://www.prnewswire.co.uk/news-releases/painting-robot-market-worth-5-8-billion-by-2029—exclusive-report-by-marketsandmarkets-302185532.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Dana-Farber Cancer Institute Partners with Clinical.ly to Enhance Regulatory Operations with eReg Solutions

Published

on

By

NEW YORK, Sept. 19, 2024 /PRNewswire/ — The Dana-Farber Cancer Institute, a world leader in cancer treatment and research, chose Clinical.ly’s (www.clinical.ly) Research Suite™ to streamline regulatory operations, marking a significant step toward more efficient and compliant clinical trial management. Dana-Farber joins a growing number of research organizations that leverage Clinical.ly’s innovative solutions to streamline clinical trial processes. Clinical.ly’s eReg platform offers a comprehensive, paperless solution that centralizes regulatory workflows, ensuring compliance and transparency across clinical trials.

“We are thrilled to support Dana-Farber’s clinical research operations,” said Henry Kravchenko, Clinical.ly’s CEO.

This partnership continues Clinical.ly’s success in providing best-in-class enterprise tools for conducting clinical research. “We are thrilled to support Dana-Farber’s clinical research operations,” said Henry Kravchenko, Clinical.ly’s CEO. “Our eReg platform and wider set of features in Clinical.ly Research Suite™ will empower that renowned organization, and we all look forward to supporting their teams.”

About Clinical.ly Research Suite™ 

Clinical.ly Research Suite™ is a comprehensive solution that eliminates traditional, paper-based processes. By automating and centralizing essential workflows in the Clinical.ly Research Suite™, organizations achieve huge efficiency improvements, greater trial oversight, document management, and regulatory compliance. The Clinical.ly Research Suite™ includes:

eReg: A best-in-class electronic regulatory bindereSource: An intuitive & feature-rich, paperless data capture solution that streamlines data collection from trial participantseConsent: A fully digital solution for capturing informed consent, improving participant engagement and site complianceClinicallySign: 21 CFR Part 11 compliant eSignature functionalityClinicallyPay: A secure and instantaneous participant stipend payment and reimbursement solution

About Dana-Farber Cancer Institute

Founded in 1947, Dana-Farber Cancer Institute is committed to providing adults and children with the best treatment available today while developing tomorrow’s cures through cutting-edge research. Based in Boston, Dana-Farber is a teaching affiliate of Harvard Medical School and ranks consistently as one of the top cancer hospitals in the world.

About Clinical.ly

Clinical.ly provides differentiated, cloud-native technology solutions to the clinical research industry, enabling research organizations to conduct studies with greater efficiency and ease. Clinical.ly is dedicated to developing technology that eliminates tedious manual labor, allowing clinical research professionals to focus on patient care.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dana-farber-cancer-institute-partners-with-clinically-to-enhance-regulatory-operations-with-ereg-solutions-302253690.html

SOURCE Clinical.ly

Continue Reading

Technology

Fall Into Creativity with the Monport Laser Fall Sale

Published

on

By

NEW YORK, Sept. 19, 2024 /PRNewswire/ — Experience laser innovation this Fall with Monport Laser, an industry frontrunner in laser engraving and cutting technology, with an exclusive Fall Sale offering incredible discounts and free accessories on a wide range of high-performance laser engraving machines. From September 19th to September 30th, customers can take advantage of this limited-time opportunity to elevate their laser engraving businesses with cutting-edge laser innovation at unbeatable prices.

Monport Laser has been dedicated to providing innovative and reliable laser machines that empower businesses and individuals to achieve their goals. With a focus on quality, precision, and customer satisfaction, Monport Laser has established itself as a trusted leader in the industry. Their commitment to excellence is evident in every laser they produce, ensuring exceptional performance, reliability, and value.

Embrace the Power of CO2 Laser Technology with Exclusive Offers

Monport Laser will offer two free accessories with selected CO2 laser machines during the Monport Fall sale. These versatile lasers are ideal for various applications, including engraving, cutting, and marking wood, acrylic, leather, and more. By taking advantage of this Fall sale, laser engraving businesses can enhance their productivity and expand their creative possibilities.

Experience Unmatched Value with Fiber Laser Discounts

Monport Laser offers substantial discounts of up to $4200 and 3 free accessories on selected models for those seeking the precision and speed of fiber laser technology. Fiber lasers are renowned for their ability to process metals with exceptional efficiency and accuracy, making them indispensable for metal fabrication, manufacturing, and jewelry production. Additionally, customers purchasing fiber lasers during the Fall sale will receive three free accessories, further sweetening the deal.

Elevate Your Desktop Laser Experience with a Free Water Chiller

Monport Laser is committed to providing comprehensive solutions for businesses of all sizes. As part of the Fall sale, customers who purchase the 40W Desktop laser will receive a Free Water Chiller Cw3000. This essential accessory ensures optimal cooling and performance, prolonging the lifespan of the laser and guaranteeing consistent results.

Discover Additional Savings on a Wide Range of Accessories

Monport Laser offers an additional 20% discount on selected accessories to complete your laser setup. From lenses and nozzles to rotary tables and smoke extraction systems, customers can find everything they need to maximize the potential of their laser machines.

Unleash Your Creativity and Productivity

Monport Laser’s Fall sale is the perfect opportunity to invest in laser technology that empowers your business or fuels your creative passions. With exceptional discounts and free accessories, you can acquire the ideal laser solution to meet your needs and budget.

Whether you’re an entrepreneur, artist, or manufacturer, Monport Laser’s advanced laser machines offer unparalleled precision, versatility, and reliability. Take advantage of this limited-time Fall sale and unlock your projects’ full potential for laser innovation.

About Monport Laser

Monport Laser is a global leader in designing, manufacturing, and distributing high-quality laser machines and accessories. With a commitment to innovation and customer satisfaction, Monport Laser provides cutting-edge solutions for various industries, including manufacturing, engraving, marking, and more.

For more information, visit monportlaser.com and follow them on social media for the latest updates.

Website: https://www.monportlaser.com/

 

 

 

View original content:https://www.prnewswire.com/news-releases/fall-into-creativity-with-the-monport-laser-fall-sale-302253699.html

SOURCE Monport Laser

Continue Reading

Technology

MEDIA ADVISORY – Minister Wilkinson to Make a Critical Minerals Infrastructure Announcement

Published

on

By

VANCOUVER, BC, Sept. 19, 2024 /CNW/ – The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, and Ranj Pillai, the Premier of Yukon, will make a funding announcement in support of critical minerals infrastructure projects. A media availability will follow.

Date: September 20, 2024

Time: 10:30 a.m. PT

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. A dial-in line is available for media and will be provided upon registration.

Follow us on LinkedIn

SOURCE Natural Resources Canada

Continue Reading

Trending