The U.S is major innovator of various technology and is one of the developed economy of the world. The region is growing in automotive sector which is helping the painting robot market to boost.
Europe led by Germany is the nucleus of automotive industry. The machine was initially in 1980’s was used by German company named BMW and Mercedes for coloring automobiles parts. The region is one of the biggest and oldest producer of car. Over 20% of all cars in the world is made in this region. It hosting car manufacturers including BMW and Volkswagen.
Asia Pacific will witness descent in the painting robot market, countries including China, India, Japan and Korea are driving the automotive industry worldwide. With wide acceptance of new technology, these regions are growing at a very fast pace. Growing population in the region, high disposable income, color preferences are driving automotive industry and rising infrastructure sector in the region which is positively helping painting robot market to increase.
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Painting Robot Market size will witness a considerable growth in the forecast time, with increasing demand of automotive industry the painting robot market is simultaneously boosting. The product is used to paint automobiles. It is also well equipped and can handle the danger of every working environment. The product can apply paint without leaving behind drips, inconsistencies and overspray. It also the works from unsafe volatile organic compound which can harm the people.
Technological advancement in the machine has high performance on a consistent basis, whereas old technology were not so safe and came along with various bugs and problems. Automotive industry is fastest growing economy of the world. The global car sales grew over 4% in 2016, breaking records of all previous sales. The infrastructure industry is rising at over 4%. Growth in this sector will positively affect painting robot market.
Low price of the product has increased its consumption in automobile sector. Originally they were highly expensive and large, but today the price have come down to extent that general automobile can also afford them. Earlier these automation were only used by big automobile manufacturers. The machine is available in every size and shapes making work easier for the operators. Software such as anti-collision makes it possible for multiple robots to work at close proximity, improving cycle time of the work and will grow painting robot market.
Supply chain of the painting robot market begins from its manufacturing in factories. The machine is majorly made up of titanium metal, carbon fiber, steel and iron. The manufacturing process involves designing, fabrication, assembly, linkage of small parts and installation. After the manufacturing the machine is tested and then it is supplied to various automobile plants for its usage. It is widely use to paint the different parts of four wheelers.
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Painting robot market faces difficulties in huge initial investment, need identification and importance of training. Major challenge of using the machine is its investment, it incurs huge investment to use the product as workers. The machine cannot work without instruction of a man, which adds on further cost of the machine plus man power. Machines are initially trained for performing coloring activities in the automobile plant which is expensive and time consuming. The companies are also using them in different small applications that includes spraying and coating. The product is segmented on the basis of movement Cartesian, Scara, 6 Axis, Redundant and Dual arm machine. They are used majorly in automotive industries and wall painting.
Key players of the painting robot market are Kuka, Fanuc, Yaskawa India, ABB, Kawasaki, Shanghai Fanuc, Durr systems, Staubli, Nanchang and Hangzhou color powder coating equipment. Endless Ltd raises seed funding for the machine due to rising wages of skilled labor. The company will soon rollout product in the market for wall and interior coloring and designing and they are hiring engineers to work on the machine which will accelerate painting robot market.