Robotic Paint Booth Market

Robotic Paint Booth Market Research, 2031

The global robotic paint booth market size was valued at $3.09 billion in 2021, and is projected to reach $10.68 billion by 2031, growing at a CAGR of 12.7% from 2022 to 2031. The robotic painting technology is a crucial component of industries, such as automotive, aeronautical, and defense and is expected to grow at a steady growth rate during the forecast period. A robotic painting booth is a type of processing unit, which operates by the integration of mechanical, electrical, and software components. Robotic paint booth is usually an enclosed space, which consists of spraying arms, conveyor lines, and other components. In the era of productivity and efficiency, any automotive or aeronautical manufacturing cannot be utilized to its full potential without a robotic paint booth.

Robotic paint booth market was hampered during the COVID-19 outbreak as production was halted and end-user companies had restrictive spending on the capital goods for sometime.

Robot painting booths are gaining unprecedented demand as major manufacturers adopt management tools such as Six Sigma to improve efficiency. A well-programmed robot painting booth efficiently paints complex parts and patterns, expanding the possibilities of their applications. It helps in waste reduction, training costs, manufacturing defects, and increased cost and time efficiency, which are major factors driving the growth of the industry. Increase in demand for robotics and automation technology in various industries is a key factor benefiting the robotics paint booth market. The high resource, financial, and time requirements for R&D of robotic technology continue to be a constraint on the growth of the market. The dynamics of the global changing forces have led to higher defense spending globally. This is a promising factor for the growth of the robot painting booth market during the forecast period.

Integrating advanced technology, such as painting robots provides favorable growth opportunities for the robotic paint booth market during the forecast period. However, high installation costs have a significant impact on the growth of the robotic paint booth market. Nevertheless, it enables a sustainable manufacturing process, thereby creating potential growth opportunities for the market.

The COVID-19 pandemic negatively affected the robotic paint booth market due to the restrictions laid on factory operations. The robotic paint booth market is expected to focus on protecting its workforce, operations, and supply chains to respond toward immediate crises and find new ways of working post COVID-19. For instance, provision of sanitizers, maintaining social distancing, and ensuring the vaccination of every employee in the company can assist in promoting the health and safety of the workforce. With the increasing vaccination drives and leniency in social restrictions, the automotive industry has shown signs of recovery, which boosts the growth of the robotic paint booth market.

The robotic paint booth market is segmented into Type, Sales type, Robot type, End-user industry, and region. By type, the robotic paint booth market is categorized into 4-axis, 6-axis, and others. In 2021, the others segment dominated the global robotic paint booth market, in terms of revenue, and is expected to maintain this trend in the coming years. On the basis of sales type, the robotic paint booth market is fragmented into hardware and service. The hardware segment is anticipated to boost the robotic paint booth market growth.  On the basis of robot type, the robotic paint booth market is fragmented into traditional industrial robots and collaborative robots. The traditional industrial robots segment was the highest revenue contributor to the market in 2021. On the basis of end user, the market is categorized into automotive, aviation, and others.  The others segment holds the largest share in the robotic paint booth market share in 2021.

Major players are adopting sales launch and acquisition as key developmental strategies to improve the sales portfolio of the robotic paint booth industry. For instance, February 2022, ABB launched an innovative solution for automotive manufacturing that is, the Compact Interior Paint station. This is expected to enable automotive manufacturers to reduce the size of their vehicle interior painting stations by one-third, while saving costs and making automotive paint facilities more sustainable.

By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region is expected to hold the highest market share during the forecast period.

COMPETITION ANALYSIS

The key players profiled in the robotic paint booth market report include, ABB, CMA Robotics Spa, Durr AG, Epistolio Robot, Fanuc America Corporation, Graco Inc., Kawasaki Heavy Industries Ltd., KUKA Aktiengesellschaft, Staubli International AG, Yaskawa Electric Corporation., Fujitronics KK, Crocodile Paint Booth, Eisemann Inc., Giffin Inc., Junair, Fanuc Automation, and Varnish.Tech S.r.l

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging global robotic paint booth market trends and dynamics.
• In-depth global robotic paint booth market analysis is conducted by the estimations for key market segments between 2021 and 2031.
• The global robotic paint booth market outlook is conducted by following key product positioning and monitoring of the top competitors within the market framework.
• A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
• The global robotic paint booth market forecast from 2022 to 2031 is included in the report.
• The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global robotic paint booth market opportunity.

 Robotic Paint Booth Market Report Highlights