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The robotic cutting, deburring, and finishing market size is forecast to increase by USD 4.47 billion at a CAGR of 9.72% between 2023 and 2028. Market growth depends on factors such as increased demand for industrial robots handling specialized tasks, expanded utilization of robots in metal manufacturing, and rising adoption of industrial robots in developing nations across the APAC region. These trends reflect industry shifts towards automation, driving opportunities for stakeholders. With heightened demand for customized automation solutions and increased robot usage in manufacturing, the market anticipates significant growth momentum in APAC and beyond. Our report examines historical data from 2018 - 2022, besides analyzing the current and forecasted market scenario.
Furthermore, the APAC market is driven by government initiatives in the realms of factory automation, industrial robots, and artificial intelligence. Daihen Corp provides robotic cutting, deburring, and finishing services, including cast cleaning and machining. FANUC Corp offers robotic cutting, deburring, and finishing solutions such as robotic polishing and deburring cells.
Market Forecast 2024-2028
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The market is driven by increasing demand for industrial solutions in diverse manufacturing sectors, particularly in automotive and metal fabrication. Technological advancements fuel the adoption of robotic systems for precision tasks. Automation technologies, including AI integration in robots, are shaping trends in the market. However, challenges include addressing complex finishing requirements and adapting to the evolving needs of diverse industrial applications. As demand grows, the market faces the challenge of aligning with dynamic manufacturing demands and staying abreast of the latest technological trends. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
With technological advancements and investments in R&D in robotics, the global market is experiencing strong demand for a variety of industrial applications. Manufacturers are increasingly automating their day-to-day manual processes with industrial technologies as well as artificial intelligence (AI) integration in robots to improve production and operational efficiency. They allow for smaller margins of error while also increasing employee safety. Small and medium-sized businesses (SMBs) are finding it increasingly difficult to secure adequate production line capacity.
Furthermore, labor costs are high in countries like Japan will exacerbate the situation. To meet rising demand, industrial players are expected to invest more in technologies such as robots and automation. Industrial machines are being used to improve a variety of applications. The metal fabrication, electronics, automotive, and aerospace sectors contribute the most revenue to the global market among end-users. End-users are increasingly demanding application-specific collaborative robotics machines. Many companies are creating customized robotic systems to meet market demand and gain a competitive advantage over competitors. Hence, such factors will drive the market growth during the forecast period.
System integrators are taking various initiatives to innovate the delivery of services by capitalizing on technological improvements, including the Internet of Things (IoT) and software platforms. In addition, software platforms are primarily being implemented for improving the commissioning and programming of industrial robots, with trends such as virtual commissioning and offline programming expected to gain traction.
Moreover, software solutions such as ABB (ABB Ltd.) StampSynchro, StampWare, and StampMaster are used to improve the efficiency of press tending robots. In addition, companies are also taking steps to improve the reconfigurability of industrial robot cells. Furthermore, there is an increased prevalence of robot cells such as ReconCell, suitable majorly for SMEs that produce robot cells in small batch sizes. Hence, such factors are driving the market growth during the forecast period.
Companies need to work on devising methods to prevent any loss of time or money that is incurred by end-users in availing the services offered by them for the deployment of industrial robots. In addition, robotic system integration involves contracts and legalities to be signed, competitive bidding, and evaluations before the robots can be implemented and used.
Moreover, even though companies in the market have the ability to make the process of integration easier and help in the reduction of costs, it will involve the companies to invest a significant amount in system engineering. Furthermore, system integrators in the market sell software packages for programming and easy integration of robots. In addition, to seamlessly integrate these systems into their operations, it is also essential that operators and staff of customers participate in relevant training sessions. Therefore, these on-site training sessions incur costs as trainers need to be hired, and the travel and accommodation expenses of the training faculty are also to be met. Hence, such factors are hindering the market growth during the forecast period.
The automotive industry segment is estimated to witness significant growth during the forecast period. The adoption of industrial robots in the automotive industry is gradually increasing as it improves the efficiency of processes and enables industry players to produce more vehicles in a shorter time, enhance quality, minimize scrap, and improve the working environment. In addition, the demand for industrial robots is increasing among industry players due to the need to comply with regulations pertaining to worker safety and energy consumption.
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The automotive industry segment was the largest segment and was valued at USD 2.96 billion in 2018. Moreover, in the automotive industry, robotic cutting, deburring, and finishing processes have become critical to optimize manufacturing operations. In addition, robotic cutting systems are widely used for precision cutting of metal components, such as sheet metal for car bodies and chassis elements. Furthermore, these robots provide unparalleled accuracy and consistency in the cutting process, resulting in high-quality components with intricate shapes and patterns. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on the product, the market has been segmented into 6-axis and 7-axis, 3-axis to 5-axis. The 6-axis and 7-axis segment will account for the largest share of this segment. Six-axis and seven-axis segment robots refer to the degrees of freedom (DOF) of the robotic system, which indicate the range of motion and flexibility of the robot. In addition, each axis represents a rotational or translational movement that the robot can perform. Moreover, six-Axis Robot: A six-axis robot, also known as a six-DOF (degrees of freedom) robot, has six joints and can move in six different directions. In addition, these movements consist of three translations (along the X, Y, and Z axes) and three rotations (around the X, Y, and Z axes). Furthermore, six-axis robots are widely used in a variety of industrial applications, including welding, painting, assembly, and material handling, due to their versatility and ability to reach different positions and orientations. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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APAC is estimated to contribute 43% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The market in APAC has been the largest contributor to revenue, with major demand arising from China, Japan, South Korea, Taiwan, and India. In addition, the region serves as an important base for the operations of leading foreign manufacturers and system integrators for industrial robot manufacturing.
Moreover, the region has been instrumental in providing system solutions using robots made in Europe and Japan. In addition, the growing sectors in this region include automotive, F&B, metals, textiles, chemicals, and pharmaceuticals. Furthermore, another driver of the market is advancements in internet and remote systems technology, which enable services such as remote monitoring, virtual commissioning, and offline programming. Hence, such factors are driving the market growth in APAC 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.
We also have detailed analyses of the market’s competitive landscape and offer information on 13 market companies, including:
Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Novanta Inc., Staubli International AG, Stellantis NV, Teradyne Inc., Yaskawa Electric Corp., ABB Ltd., Arcos Srl, Fastems Group, and Romheld Automation Pty Ltd.
Technavio market forecast the 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 market analysis and report forecasts market growth by revenue at global, regional & country levels and provides a market growth analysis of the latest trends and growth opportunities from 2018 to 2028.
The market is driven by advancements in robotic technology and smart manufacturing, addressing challenges like labor shortage and quality control. Leveraging waterjets, plasma cutters, and lasers, it ensures precise material removal. With sensors ensuring workplace safety, cobots, and connectivity solutions enable smart manufacturing. Despite limitations, collaborations and global automation projects promise long-term financial and operational advantages for industrial industries.
In addition, the market is witnessing rapid growth driven by advancements in machine learning, IIoT, and digitalization across various industry verticals such as healthcare, logistics, and defense. Enhanced by human-machine interface technology, these robots offer precise cutting, deburring, and finishing capabilities. With payload capacity optimization and utilization in the metal industry, they promise significant market advancements and a high ompany's return on investments (ROI) despite potential restraining factors.
Furthermore, the market is experiencing a surge in demand due to the integration of smart technologies and digitalization across various industry verticals like entertainment, manufacturing facilities, and wearable devices. With advanced integrated circuits and transistors, these robots offer precise cutting and finishing capabilities, surpassing traditional conventional tools. Supported by governments and end customers, collaborations through Memorandums of Understanding (MOUs) drive joint commitments for market growth.
Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.72% |
Market Growth 2024-2028 |
USD 4.47 billion |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
9.22 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Daihen Corp., FANUC Corp., IPG Photonics Corp., Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Novanta Inc., Staubli International AG, Stellantis NV, Teradyne Inc., Yaskawa Electric Corp., ABB Ltd., Arcos Srl, Fastems Group, and Romheld Automation Pty Ltd. |
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. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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