Painting robots are used for efficient painting purposes in comparison to human painters, thereby cutting out the possibility of human errors such as paint dripping, overspray, or inconsistency. These robots have been used in industrial setups for the past many decades and have always served their purpose. Now, with the advent and rising popularity of robotics in all sectors of commercial, industrial, and residential applications, painting robots have now made their entry into commercial sector as well. The increasing use of painting robots in aerospace and automobile industries are likely to serve as the key growth drivers for the global painting robots market during the forecast period set between 2021 and 2031.
Painting robots are programmed in a way that they can deliver accurate performance within the designated time and are considered more capable, reliable, and offer precision programming. Such multiple features are likely to promote its demand in the market, ultimately creating new growth opportunities for this market during the forecast period. However, the high cost of installation and high product costing may serve as a major challenge for the growth of this market especially in the under-developed and emerging nations.
The report on the global painting robots market provides insights into the market with emphasis on its growth parameters such as drivers, restraints, challenges, and future growth opportunities. The report also highlights the impact of the novel COVID19 pandemic on this market and how can it regain or attract more revenues during and post pandemic era. The report also discusses the table of segmentation and mentions the names of the leading segment with factors supporting its growth. For more information, log on to the company website.
The nature of market for painting robots is fragmented on account of the presence of multiple players. Companies are engaging in collaborations, joint ventures and merger and acquisition strategies to ensure a notable position in the market competition. On the other side, players are investing in better technology for painting techniques and high end performance of the robots so as to ensure significant revenue generation during the forecast period.
Some of the key players of the global Painting Robots Market include:
The rising popularity of green infrastructure across commercial and industrial sectors is considered one of the key drivers promoting the growth of the global painting robots market. Besides this, major digital investments and increasing number of high value industry establishments are further expected to augment the growth of this market during the forecast period. Moreover, the rising rate of expansion of various industries such as electronics consumer durables, aerospace, and automobile is projected to help create new growth opportunities for the global painting robots market in the forecast period. Accurate features such as quality surface finish, uniform painting and automated painting with less chances of error are the key factors popularizing painting robots and this is likely to help this market attract high revenues in the near future.
Regionwise, the global painting robots market is spread across five major regions namely Asia Pacific, North America, Europe, South America, and Latin America. These regions are further classified based on the nations. Among all these, North America earned the largest share for the global painting robots market in the past and is likely to remain the same during the forecast period. This is followed closely by Europe on account of the growing adoption of automation and robotic services across various sectors. Additionally, Asia Pacific is fresh in the field and might witness a sluggish growth rate during the forecast period.