FactMR has actively published a new research study titled "Automotive Paint Robots Market Anticipated to Achieve High CAGR Percentages during 2018-2028 | Key Players are Durr AG, FANUC CORPORATION, KUKA Roboter GmbH, Yaskawa Electric Corporation, etc." to its broad online database. This assessment works to discourse the major trends, opportunities and drivers motivating the automotive paint robots market during 2018-2028. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants. As per research findings, the global automotive paint robots market is expected to showcase impressive growth at XX% CAGR during the period until 2028.
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Majority share of the automotive paint robots market continues to remain concentrated among well-established companies, particularly among top 5 players, namely, Durr AG, ABB Ltd., FANUC CORPORATION, KUKA Roboter GmbH, Yaskawa Electric Corporation. FactMR study opines the lead of these Tier 1 automotive paint robots market players will continue, with their collective revenue share estimated at over 80% throughout the assessment period (2018-2028). Operating margin of these prominent market participants is expected to oscillate between 7% and 9%. New product development, collaborations, and merger & acquisition activities prevail as pervasive expansion strategies for Tier 1 automotive paint robots manufacturers.
Acquisition of AB Rotech by ABB Group, Durr AG’s collaboration with KUKA AG for technically-advanced painting robots, and launch of P-40iA – an intelligent, lightweight robotic arm for efficient & dynamic automotive painting are prime examples of expansion strategies of Tier 1 automotive paint robots market players.
Orange peel prevails as an aesthetics-related challenge in the automotive industry, wherein variations in the finish paint quality stand out when compared. This is mainly the result of different locations associated with coating process of a diverse array of substrates that include various alloys of aluminum and steel.
Process-oriented approaches have therefore gained emphasis among automotive paint robots market players for consistent conformance to rigorous aesthetic standards. Increasing sophistication among automotive end customers, apropos of uniform finish on both interior and exterior vehicle surfaces, has further led key automotive paint robots manufacturers to focus on developments to alleviate concerns related to orange peel.
Browse Automotive Paint Robots Market Report with TOC – https://www.factmr.com/report/2232/automotive-paint-robots-market
Key automotive paint robots market stakeholders such as BYK Additives & Instruments, and Saint Clair Systems, have introduced robotic automation-based paint uniformity and thickness measurement systems. These systems include 2K paint temperature control system, and Wave-Scan measurement technology, which have become global standards for distinctness of image measurement and objective orange peel identification.
Research Efforts to Automate Painting Trade
Automotive paint robots market has witnessed several research efforts, particularly by research institutions and universities, targeted toward automating the painting trade. A prime example of such research projects being the development of mobile paint spraying system by the Nanyang Technological University, the arms of which can reach heights up to 10 meters.
Developments such as aforementioned have served as a boon for established commercial vehicle manufacturers. Several other relevant projects, such as that of Hubert Palfinger Technologies GmbH, which focuses on development of a robotic painting system that can coat ships with area output of nearly 1400 square meters per hour.
Relative efficiency and enhanced productivity offered by such developments point at their significant future penetration into the automotive paint robots market, thereby contributing to the market size. Most of the predominant products as well as ongoing research projects associated with automotive paint robots basically feature ground-based operation, working with telescopic arms for coating surfaces. However, the drone technology combined with sprayer systems has recently been becoming palpable in flexible coating of walls and other surfaces.
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