The infographic below contains key findings from our analysis of the metal casting robots system market
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Overview of the global metal casting robots market
According to Technavio’s market research report, the advantages over the traditional metal casting methods will be one of the major global metal casting robots market drivers during the forecast period. Our market research analysts predict that this market will grow at a CAGR of more than 14% by 2022. The increased preference for metal casting robots is mainly due to the benefits such as higher payload, rise in productivity, maintenance of consistent product quality, speed and safety, and high capacity of these robots to cater to the challenges of sands and lubricants of high-performance foundries. In addition, the increased reliability for complex casting tasks and lesser repetitive injuries with high work-related safety will drive the demand for metal casting robots market till 2022.
The technological innovations to lessen the integration of metal casting robots is one of the key metal casting robots market trends in the coming years. For instance, the implementation of virtual commissioning method provides increased assistance in the reduction of time and cost by almost 50-60%. Also, the virtual commissioning supports the complete life cycle of metal casting robots leaving out the initial design and decision-making processes.
Companies covered
Characterized by the presence of several players, the metal casting robots market appears to be fragmented. This metal casting robots report offers information about the competitive environment among the players in the industrial robots market and offers an analysis of the key companies and their products. Additionally, our analysts also offer information about the key areas the players currently focus on and the strategies they follow to sustain the competition.
This research report provides an analysis of the various companies in this market including
- ABB
- FANUC
- Fiat Chrysler Automobiles
- Midea
- Yaskawa Electric
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Geographical segmentation and analysis of the metal casting robots market
This metal casting robots market analysis estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market throughout the forecast period. Factors such as presence of construction, power, chemicals, oil and gas, and other manufacturing sectors will drive the industrial robots market growth in the region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global metal casting robots market?
- What are the key market trends impacting the growth of the global metal casting robots market?
- What are the challenges to market growth?
- Who are the key vendors in the global metal casting robots market?
- What are the market opportunities and threats faced by the vendors in the global metal casting 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 metal casting robots market?
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