Global Fiberglass Cutting Robots Market 2017-2021

Technavio’s latest market research report on the global fiberglass cutting robots market predicts the market to grow to USD 3.33 billion by 2021. A comprehensive analysis of this market is presented by product (6-axis and 7-axis and 3-axis to 5-axis), end-user (marine industry, automotive industry, aerospace industry and other industries), and geography (the Americas, APAC, and EMEA). This industry research report identifies ABB, FANUC, Kawasaki Heavy Industries, KUKA, and Yaskawa Motoman as the key vendors in the global fiberglass cutting robots market.

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Overview of the global fiberglass cutting robots market

Research analysis on the global fiberglass cutting robots market identifies that the rising need for higher productivity and precision in fiberglass cutting operations will be one of the major factors that will have a positive impact on the growth of the market. Technavio’s market research analysts predict that this market will grow at a CAGR of 11% by 2021. The rising competitive pressure to increase productivity and lower cycle time in manufacturing industries are leading to the implementation of fiberglass cutting robots. The adoption of these robots in factories ensure that there are fewer errors and wastage in comparison to traditional machines. Moreover, the fiberglass cutting robots are slowly gaining popularity due to their ability to provide consistent results in shorter time periods. Robots designed for fiberglass cutting offer satisfactory outcomes when compared to a most skilled human worker and does the job in a fraction of the time. In addition, the fiberglass cutting robots are increasingly used for their repeatability and precise cutting capabilities. These advantages will drive the demand for fiberglass cutting robots in the global market.

In terms of geography, APAC will be the major revenue contributor to the fiberglass cutting robots market throughout the forecast period. The large investments in the automotive sector and growing marine industry in China will drive increase the demand for fiberglass cutting robots in the region. Also, the automotive industry in APAC, particularly in China, Japan, South Korea, and India, is undergoing expansion in terms of new and existing facilities that further increases the demand for fiberglass cutting robots in the forthcoming years.

Competitive landscape and key vendors  

The fiberglass cutting robots market is highly concentrated with top five players accounting for more than 85% of the market share. The market is still in the growth phase and has a number of product variants with a high degree of customization. The need for customized solutions in the fiberglass cutting robots market has also raised the presence of system integrators in the market.

The leading vendors in the market are -

• ABB
• FANUC
• Kawasaki Heavy Industries
• KUKA
• Yaskawa Motoman

The other prominent vendors in the market are ARCOS, ATI Industrial Automation, Dynamic Robotic Solutions (DRS), Genesis Systems, RobotWorx, and Romheld Automation.

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Segmentation by product and analysis of the fiberglass cutting robots market

• 6-axis and 7-axis
• 3-axis to 5-axis

During 2016, the 6-axis and 7-axis segment accounted for the major shares of the fiberglass cutting robots market. Factors such as the increased utilization in the industrial sector and high flexibility of these robots will contribute to the growth of this industry segment in the coming years.

Segmentation by end-user and analysis of the fiberglass cutting robots market

• Marine industry
• Automotive industry
• Aerospace industry

As per this market research report, the marine industry will hold the maximum market share of the fiberglass cutting robots market until 2021.  The growing use of large fiberglass materials in ship manufacturing and modernization of assembly lines is the key reason for the marine industry to adopt fiberglass cutting robots in production plants.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global fiberglass cutting robots market?
• What are the key market trends impacting the growth of the global fiberglass cutting robots market?
• What are the challenges to market growth?
• Who are the key vendors in the global fiberglass cutting robots market?
• What are the market opportunities and threats faced by the vendors in the global fiberglass cutting robots market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global fiberglass cutting robots market ?

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