NEW YORK, Oct. 11, 2023 /PRNewswire/ -- The robotic paint booth market size is expected to grow by USD 1.22 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 5.7% during the forecast period. The market is segmented by Product (Paint booths and Paint robots), End-user (Automotive and Non-automotive), and Geography (APAC, Europe, North America, South America, and Middle East and Africa). The growing emphasis on reducing paint wastage and improving resource utilization drives the robotic paint booth market. There is an increasing adoption of robotic pain booths to address such concerns across several industries. The systems ensure even and controlled coating, reducing overspray and ensuring that each product receives the exact amount of paint required. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample
Key Highlights:
- The report recognizes the following as some of the key players in the robotic paint booth market: ABB Ltd., Arnold Machine Inc., b m Surface Systems GmbH, Blowtherm USA, Durr AG, Eisenmann GmbH, FANUC Corp., GIFFIN Inc., Graco Inc., Kawasaki Heavy Industries Ltd., KUKA AG, MEXX Engineering Pty Ltd., Nordson Corp., SAIMA MECCANICA Spa, Spray Technics, Staubli International AG, SYMACH srl, Taikisha Ltd., Yaskawa Electric Corp., and Junair Spraybooths Ltd.
- Robotic Paint Booth Market is fragmented in nature.
- Market to observe 5.24% YOY growth in 2023.
Market Dynamics:
Trend
- The increased adoption of environment-friendly robotic paint booths is an emerging robotic paint booth market trend.
- Prominent market vendors such as Durr have developed the Eco+ line of robotic paint booths.
- Furthermore, there is an increasing application of this robotic paint booth across all domains from pre-treatment, techniques.
Challenge
- The lack of skilled workers challenges the growth of the robotic paint booth market.
- The shortage is an impact of critical impediments to the industry's growth and efficiency.
- Furthermore, there is a lack of technicians who can effectively program, control, and troubleshoot these advanced machines, which has become a significant challenge for companies to find qualified individuals with the needed technical expertise.
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report
Key Segments:
By product, the paint booths segment is significant during the forecast period. Paint booth systems, paint exhaust systems, or spray-painting booths are fully automated and have the ability to handle a broad range of products from small metal components to big aircraft and spaceships. In India, the Factories Act 1948 states the health measures and safety provisions that factories need to have in place, such as adequate ventilation in industrial facilities, which results in an increasing focus by several OEMs on deploying robotic paint booths to perform painting operations in industrial facilities. Get a glance at the market contribution of the segments, Request Free Sample
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Robotic Paint Booth Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.7% |
Market growth 2023-2027 |
USD 1.22 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
5.24 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 53% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Arnold Machine Inc., b m surface systems GmbH, Blowtherm USA, Durr AG, Eisenmann GmbH, FANUC Corp., GIFFIN Inc., Graco Inc., Kawasaki Heavy Industries Ltd., KUKA AG, MEXX Engineering Pty Ltd., Nordson Corp., SAIMA MECCANICA Spa, Spray Technics, Staubli International AG, SYMACH srl, Taikisha Ltd., Yaskawa Electric Corp., and Junair Spraybooths Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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