North America Robotic Paint Booth Market Size, Share & Industry Trends Analysis Report By Sales Type (Hardware and Service), By Type (6 Axis, 4 Axis, and Others), By Robot Type, By Industry, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Robotic Paint Booth Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
The idea of the "Paint shop of the Future" is giving high-volume manufacturers a chance to increase their hourly productivity with new technological developments. Additionally, compared to traditional painting, it saves more materials and makes painting sustainable. As an illustration, the Dürr Group is concentrating on the "Paint Shop of the Future" concept, which offers the car sector increased flexibility in its robotic painting operations. This is then anticipated to propel the market for robotic paint booths.
Additionally, because developing nations like India, Malaysia, and Mexico have excellent potential for product expansion, the top firms are setting up manufacturing facilities in these nations. For instance, ABB plans to prioritize industry 4.0 for cutting-edge robotics and digital technology when it establishes a new robotic manufacturing facility in India in July 2020. The innovative robotic facility serves the automobile, electronics, and other sectors of the economy. Consequently, it is anticipated that the market for robotic paint booths would experience rapid expansion during the time of forecasting.
The robotics market in the United States is being driven by several variables, including a high per capita income, ongoing research projects, an aging population, and a labor scarcity brought on by stringent immigration laws. The largest average net adjusted per capita disposable income is found in the United States, according to the Organization for Economic Cooperation and Development. As a result, it is projected that demand for pricey surgical robots would rise. Additionally, salaries are substantial and have been consistently increasing over time in the United States.
The US market dominated the North America Robotic Paint Booth Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,069.8 million by 2028. The Canada market is poised to grow at a CAGR of 12% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11% during (2022 - 2028).
Based on Sales Type, the market is segmented into Hardware and Service. Based on Type, the market is segmented into 6 Axis, 4 Axis, and Others. Based on Robot Type, the market is segmented into Traditional Industrial Robots and Collaborative Robots. Based on Industry, the market is segmented into Automotive, Aviation, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include FANUC Corporation, Kawasaki Heavy Industries, Ltd., Yaskawa Electric Corporation, ABB Group, Kuka AG (Midea Investment Holding Co., Ltd.), Graco, Inc. (Newell Brands Inc.), Durr AG, Eisenmann Gmbh, Giffen, Inc., and Stäubli International AG.
Scope of the Study
Market Segments Covered in the Report:
By Sales Type
- 6 Axis
- 4 Axis
By Robot Type
- Traditional Industrial Robots
- Collaborative Robots
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- FANUC Corporation
- Kawasaki Heavy Industries, Ltd.
- Yaskawa Electric Corporation
- ABB Group
- Kuka AG (Midea Investment Holding Co., Ltd.)
- Graco, Inc. (Newell Brands Inc.)
- Durr AG
- Eisenmann Gmbh
- Giffen, Inc.
- Stäubli International AG
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