The global Robotic Paint Booth Market was valued at USD 5802.88 million in 2019 and is expected to reach USD 8660.51 million by the year 2026, at a CAGR of 5.95%.
One of the major factors driving the market growth is increased efficiency in discrete manufacturing. Within a production line, automated technologies ensure that sub-processes are effective, fast, and streamlined. Industrial painting is critical to the consistency and appearance of the finished product. When used in production lines for painting, industrial robots can help speed up the process while preserving the final product's quality. Companies must use robotic paint booth systems to eliminate direct and overhead costs and raise profit margins in the long run.
Furthermore, advanced features of robotic paint booth systems allow for various levels of customization that can be easily programmed into the device with minimal personnel training. Companies must use robotic paint booth systems to eliminate direct and overhead costs and raise profit margins in the long run. On the other hand, the robotic stage is costly to install at first, which is expected to be a stumbling block to the market's development. Furthermore, growing robotics applications, an increase in healthcare spending, and major industrial advances in countries such as India and China is expected to provide huge opportunities for the robotic paint booth market over the forecast period.
The Robotic Paint Booth market is segmented by Type (Explosion Proof Type, Non-explosion Proof Type), by Application (Automotive, Industrial). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings from the Report Suggest
- The adoption of automated production techniques that speed up the process and reduce errors is propelling the robotic paint booth market forward.
- Paint robots maintain safety levels by restricting human workers' exposure to paint fumes and other environmental hazards.
- The U.S. accounted for the growth in the North America region as it is the largest market across the region. Likewise, the Asia-pacific market offers a significant potential for market development owing to high growth in markets such as China and India.
Key Participants like ABB, FANUC Corp., Kawasaki Heavy Industries Ltd., Staubli International AG, YASKAWA Electric Corp., Blowtherm-USA, Durr Group, Nordson Corporation, TKS Industrial Company, Graco Inc., Crocodile Paint Both, Integrated Automation and Robotics.
For this report, Introspective Market Research have segmented the Robotic Paint Booth markets market on the basis of Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2019-2026)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM