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According to a new report, published by KBV research, The Global Robotic Paint Booth Market size is expected to reach $5.5 billion by 2028, rising at a market growth of 10.2% CAGR during the forecast period.
The Service segment is showcasing a CAGR of 12.2% during (2022 - 2028). A new generation painting robot featuring improved kinematics, a servicing airlock compartment, and a fluid delivery system. The painting robot is equipped with a fluid supply system that positions the color-changing valves and pumping equipment on the back of the robot's installation pedestal, where they can be maintained without a technician having to go inside the spray booth.
The 6 Axis segment acquired maximum revenue share in the Global Robotic Paint Booth Market by Type in 2021 thereby, achieving a market value of $2.1 billion by 2028. Provides the greatest degree of versatility with six axes, starting with the base axis for full robot rotation and ending with the sixth axis for rotating the "wrist" or faceplate. A six-axis robot that can be moved linearly from one location to another by mounting it on a rail or other device.
The Collaborative Robots segment has shown the growth rate of 11.5% during (2022 - 2028). It is because robots are designed for direct human-robot interaction in a shared environment or when people and robots are nearby. The Collaborative uses are in contrast to conventional industrial robot applications, where robots are kept away from people.
The Automotive segment is leading the Global Robotic Paint Booth Market by Industry in 2021 thereby, achieving a market value of $2.6 billion by 2028. Vehicle manufacturers utilize painting robots to perform consistently, organized detailing on their vehicles. Some of these robots have an arm that can move both vertically and horizontally to paint the entire vehicle.
The Asia Pacific market dominated the Global Robotic Paint Booth Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.0 billion by 2028. The Europe market is exhibiting a CAGR of 8.6% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 9.5% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Sales Type
By Robot Type