Rockville, MD -- (SBWIRE) -- 06/20/2019 -- This report offers a scrutinized analysis on the automotive paint robots market for the period, 2018 to 2028. Key automotive paint robots market growth influencers, including drivers, challenges, trends, and opportunities, have also been studied in detail. The size of the automotive paint robots market has been evaluated and rendered in terms of volume (units) as well as value (US$ Mn).
Automotive paint robots are equipment that facilitate detailing work on automobiles in a systematic and consistent manner. The automotive paint robots are designed specifically with robotic arms that move in horizontal and vertical directions, in turn enabling uniform application of paint on the automobiles.
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The automated paint robots market traced an impressive growth graph, with the in revenues in 2018 estimated at over US$ 680 Mn, according to a new Fact.MR study. A variety of factors continue to influence prospects of the automated paint robots market, which range from integration of real-time diagnostics and precise paint control to intelligent modernization paint workshops for amplifying the production efficiency.
Volume Sales of 7 Axis Automated Paint Robots to Exceed 360 Units in 2018
6 axis automated paint robots have traditionally governed the market in terms of both value and volume. However, palpability of the 7 axis automated paint robots has increased at a rapid pace recently, with volume sales to exceed 360 units in 2018, estimates Fact.MR study.
Enhanced operational efficiency, devoid of linear displacement rail, along with time savings in replacing integrated pneumatic control system and high-voltage components, linked with 7 axis automated paint robots continue to concentrate end-customer focus toward these new generation automated paint robots.
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The study forecasts the automotive paint robots market to majorly remain consolidated among Tier 1 players, who will hold over 80% value share of the market in 2018. While these players continue with the new product development, collaboration, and merger & acquisition strategies to retain their market buoyancy, Tier 2 and Tier 3 players are focusing on expansion in domestic markets, and advanced machinery purchase to gain significance in the market.
Automotive Paint Robots Market - Segmentation
The automotive paint robots market has been primary segmented into automotive paint robots type, automotive paint robots configuration, and regional markets for automotive paint robots. Imperative automotive paint robots market numbers such as revenues, volume sales, Y-o-Y growth, CAGR, and the revenue share of all the automotive paint robots market segments and their sub-segments in terms of both value & volume, have been provided in the report.
Top 5 Automotive Paint Robots Market Players Account for Nearly 80% Revenue Share Collectively
Majority share of the automotive paint robots market continues to remain concentrated among well-established companies, particularly among top 5 players, namely, Durr AG, ABB Ltd., FANUC CORPORATION, KUKA Roboter GmbH, Yaskawa Electric Corporation. Fact.MR study opines the lead of these Tier 1 automotive paint robots market players will continue, with their collective revenue share estimated at over 80% throughout the assessment period (2018-2028).
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