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The grinding robots market size is estimated to grow at a CAGR of 6.73% between 2022 and 2027. The market size is forecast to increase by USD 58.44 million. The growth of the market depends on several factors, such as the advantages of grinding robots over CNC machines, the applications of robots in complex grinding tasks, and the technological advances in grinding robots.
This report extensively covers market segmentation by solution (software, services, and hardware), end-user (automotive sector, metals and machinery sector, aerospace and defense sector, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
Grinding Robots Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
There has been a growing adoption of robots across automotive, aerospace, and metal foundry players for several material removal applications such as grinding, deburring, and finishing. In addition, there is an increase in focus by several market players on new product launches to offer robots that are suitable for a wide range of materials, and that can be utilized in aggressive tasks as well without compromising on the surface quality.
Moreover, the key focus will be on the development of robots that can handle materials that have unusual physical properties, including inconsistent alloys and composites, which can result in issues with respect to repeatability. Such kinds of hardware improvements in robot vision will make sure that variations in feature geometry are dealt with in real time. Hence, such factors are positively impacting the market. therefore, it is expected to drive the market growth during the forecast period.
There have been significant advancements in technology in vision technology in robotic grinding over the years. For example, there will be enhancements in laser inspection to ensure that the part that requires grinding is identified and inspected efficiently.
Moreover, there is increasing adoption of laser vision sensors to check crucial points on the casting and to compare the dimensions to the pre-programmed dimension in order to adjust the grinding in such a way that every casting is ground with accurate dimensions and dimensions of defects are identified accurately. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
Even though grinding robots offer various advantages over CNC grinding machines, there is only limited adoption among small and medium enterprises (SMEs) due to the high deployment cost of robots and the budget constraints that SMEs face. In addition, CNC grinding machines are an ideal substitute for grinding robots and are expected to increase in adoption due to factors such as the low need for programming and specialized maintenance skills, high level of stiffness and rigidity that provide more accurate results, and faster cycle times.
Moreover, other factors such as the preference given to CNC grinding machines, along with the low awareness of grinding robots can pose a significant threat to the grinding robots market. Therefore, the increasing preference for CNC grinding machines among SMEs can negatively impact the market. Therefore, it is expected to hinder the market growth during the forecast period.
The software segment is estimated to witness significant growth during the forecast period. The software segment comprises software solutions including robot control software, offline programming software, data analytics platforms, and remote monitoring software. One of the main factors that are significantly contributing to the growth of this segment is the increased emphasis on data analysis by end-users in order to control and optimize their operations.
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The software segment was the largest segment and was valued at USD 73.20 million in 2017. There is an increasing integration of software solutions with other management systems by several market players due to the emergence of open IT architecture. In addition, there is an increase in the launch of software capabilities by market players that can enable the deployment of grinding robots with minimal infrastructural modifications. Factors such as the growing demand for automation and safety in organizations as well as an increase in the adoption of grinding robots across SMEs in order to cut labor and energy costs are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
Based on the end-user, the segment is classified into the automotive sector, metals and machinery sector, aerospace and defense sector, and others. There is an increase in the adoption of flexible automation in manufacturing by several market players in the automotive market to enable the manufacturing of new vehicle models as per market needs. In addition, there is a growing adoption of automation and robots in this segment for applications such as grinding to ensure a reduction in the production time of vehicles. Furthermore, there is a growing focus on the quality of components including armatures and panels, which are indispensable parts of automobiles. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 56% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Some of the main countries in APAC which are significantly contributing to the grinding robots market in APAC include China, Japan, South Korea, and India. APAC serves as an important base for the operations of leading foreign manufacturers which is positively impacting the market. The market is expected to grow in the coming years as more companies expand into the region and existing companies increasingly adopt robots to improve production efficiency in their plants.
In addition, the growth of the manufacturing industry in APAC is fuelled by favorable government legislation and investments thereby improving the infrastructure and industrial sector. In addition, there will be significant growth in the industrial robots market for material removal applications, such as grinding, deburring, and sanding in APAC which is expected to drive the market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global grinding robots market witnessed a significant slowdown due to the halt in the production process as well as the closure of manufacturing units in APAC.. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations manufacturing units. Such factors are expected to drive the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co: The company offers grinding robot products such as abrasive solutions for grinding and degating, and deburring and polishing.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
ABB Ltd., Accord Corp., Acme Manufacturing, Danbach Robot Jiangxi Inc., Daru Technology Suzhou Co. Ltd., FANUC Corp., Force Robots, Heinz Berger Maschinenfabrik GmbH and Co. KG, Kawasaki Heavy Industries Ltd., MESH Automation Inc., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., PushCorp Inc., Reichmann and Sohn GmbH, SUHNER Schweiz AG, Teqram BV, Yaskawa Electric Corp., and Seiko Epson Corp.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The grinding robots market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Grinding Robots Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.73% |
Market growth 2023-2027 |
USD 58.44 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.38 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 56% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., ABB Ltd., Accord Corp., Acme Manufacturing, Danbach Robot Jiangxi Inc., Daru Technology Suzhou Co. Ltd., FANUC Corp., Force Robots, Heinz Berger Maschinenfabrik GmbH and Co. KG, Kawasaki Heavy Industries Ltd., MESH Automation Inc., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., PushCorp Inc., Reichmann and Sohn GmbH, SUHNER Schweiz AG, Teqram BV, Yaskawa Electric Corp., and Seiko Epson Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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