Painting Robots Market by Type (Floor-mounted Painting Robot, Wall-mounted Painting Robot, Rail-mounted Painting Robot, and Others), Application (Interior Painting and Exterior Painting), and End User (Automotive, Aerospace, Construction, and Others) - Gl

The painting robots market is projected to witness significant growth in Asia-Pacific in the coming years, owing to increased demand in automotive industry. The automotive sector has strong manufacturing base and supply network in Asia-Pacific, which increase the requirement of these robots to facilitate efficient painting. In addition, these robots help overcome the need for highly skilled painters and also, help paint the desired area within the optimized time. The explosion proof arms used in the development of painting robots provide safety at workplace.

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Painting Robots Market by Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2016-2023", the painting robots market accounted for $1,614.0 million in 2016, and is expected to reach $3,209.0 million by 2023, growing at a CAGR of 10.4% from 2017 to 2023. In 2016, Asia-Pacific dominated the global market, in terms of revenue, accounting for more than 50% share of the global market, followed by Europe.

Painting robots are used for painting and are programmed to apply paint material or coating on an object in an efficient way. The demand for painting robots has increased in the automotive industry as these robots apply paint in a consistent way without wasting materials in optimized time. In addition, it reduces the requirement of highly skilled painters and paints large parts with more accuracy. These factors increase the demand for painting robots in the market. However, high product and installation cost restricts the market growth.

The automotive segment secured the highest share of 51.4% in the painting robots market in 2016 and it is expected to grow at a CAGR of 9.3% during the forecast period. In terms of applications, interior painting segment is expected to contribute the highest market share in the coming years, as these robots have wide demand for interior painting in automotive, machinery, aerospace, construction, metal, and plastic industries. There is high demand for the floor-mounted robots as these robots are easily available in the fast-emerging economies, owing to the presence of several local and regional manufacturers. The construction industry accounted for around 16% share in the painting robots market.

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Asia-Pacific is anticipated to dominate the painting robots market during the forecast period, owing to the presence of key companies and strong manufacturing base of widely growing automotive sector. Moreover, Europe and North America are expected to witness moderate growth in the painting robots market during the forecast period.

The major players, such as Kawasaki Robotics, ABB, Durr Systems, Fanuc, Yaskawa, Kuka Robotics, CMA Robotics, Staubli, Epistolio S.r.l, and Krautzberger, have adopted new product launch and business expansion as their key strategies to expand their market foothold.

Key Findings of the Painting Robots Market:

• In 2016, the automotive segment dominated the global painting robots market, in terms of revenue, and is projected to grow at a CAGR of 9.3% during the forecast period.
• The interior painting segment is anticipated to grow at a CAGR of 9.7% during the forecast period.
• Asia-Pacific is estimated to exhibit the highest CAGR during the forecast period. Countries such as China, Japan, Republic of Korea, India, and Taiwan are expected to drive the painting robots market in the coming years.

LIST OF FIGURES

FIGURE 01. GLOBAL FLUSHING SYSTEMS MARKET, 2014-223
FIGURE 02. GLOBAL FLUSHING SYSTEMS MARKET: KEY PLAYERS
FIGURE 03. TOP INVESTMENT POCKETS
FIGURE 04. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2014-2018*
FIGURE 05. TOP WINNING STRATEGIES, BY COMPANY, 2014-2018*
FIGURE 06. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07. LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 08. HIGH THREAT OF SUBSTITUTES
FIGURE 09. MODERATE THREAT OF NEW ENTRANTS
FIGURE 10. MODERATE COMPETITIVE RIVALRY
FIGURE 11. KEY PLAYER POSITIONING
FIGURE 12. DRIVERS, RESTRAINTS, AND OPPORTUNITIES: PAINTING ROBOTS MARKET
FIGURE 13. FLOOR MOUNTED PAINTING ROBOTS MARKET, BY COUNTRIES 2016-2023 (%)
FIGURE 14. WALL MOUNTED PAINTING ROBOT MARKET, BY COUNTRIES 2016-2023 (%)
FIGURE 15. RAIL MOUNTED PAINTING ROBOT MARKET, BY COUNTRIES 2016-2023 (%)
FIGURE 16. OTHER PAINTING ROBOT MARKET, BY COUNTRIES 2016-2023 (%)
FIGURE 17. INTERIOR PAINTING ROBOT MARKET, BY COUNTRIES 2016-2023 (%)
FIGURE 18. EXTERIOR PAINTING ROBOT MARKET, BY COUNTRIES 2016-2023 (%)
FIGURE 19. AUTOMOTIVE PAINTING ROBOT MARKET, BY COUNTRIES 2016-2023 (%)
FIGURE 20. AEROSPACE PAINTING ROBOT MARKET, BY COUNTRIES 2016-2023 (%)
FIGURE 21. CONSTRUCTION PAINTING ROBOT MARKET, BY COUNTRIES 2016-2023 (%)
FIGURE 22. OTHER PAINTING ROBOT MARKET, BY COUNTRIES 2016-2023 (%)
FIGURE 23. U.S. PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 24. CANADA PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 25. MEXICO PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 26. UK PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 27. GERMANY PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 28. FRANCE PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 29. ITALY PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 30. REST OF EUROPE PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 31. CHINA PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 32. INDIA PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 33. JAPAN PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 34. REST OF ASIA-PACIFIC PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 35. LATIN AMERICA PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 36. MIDDLE EAST PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 37. AFRICA PAINTING ROBOTS MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 38. ABB: NET SALES, 2015-2017 ($MILLION)
FIGURE 39. ABB: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 40. ABB: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 41. DURR SYSTEMS: NET SALES, 2015-2017 ($MILLION)
FIGURE 42. DURR SYSTEMS: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 43. DURR SYSTEMS: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 44. FANUC: NET SALES, 2015-2017 ($MILLION)
FIGURE 45. FANUC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 46. FANUC: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 47. KAWASAKI ROBOTICS: NET SALES, 2015-2017 ($MILLION)
FIGURE 48. KAWASAKI ROBOTICS: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 49. KAWASAKI ROBOTICS: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 50. KUKA ROBOTICS: NET SALES, 2014-2016 ($MILLION)
FIGURE 51. KUKA ROBOTICS: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 52. KUKA ROBOTICS: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 53. STAUBLI: NET SALES, 2015-2017 ($MILLION)
FIGURE 54. YASKAWA: NET SALES, 2015-2017 ($MILLION)
FIGURE 55. YASKAWA: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 56. YASKAWA: REVENUE SHARE BY GEOGRAPHY, 2017 (%)

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