Paint Process Automation Market Showing Impressive Growth During Forecast Period 2021 - 2030

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paint-process-automation-market-showing-impressive-growth-during-forecast-period-2021-2030

Paint Process Automation Market Expected to Reach $9.22 Billion by 2030

WILMINGTON, DELAWARE, UNITED STATES, June 3, 2024 /EINPresswire.com/ — Allied Market Research, titled, “Paint Process Automation Market by Offering, Purpose, Vertical, and Type: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the paint process automation industry size was valued at $3.34 billion in 2020, and is projected to reach at $9.22 billion by 2030, growing at a CAGR of 11.7% during the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/5880

Paint process automation is an advanced method of painting or coating products and equipment. It generally uses robots to achieve accurate and consistent paint finish quality. These robots are programmed to operate with minimal human interference. Paint process automation outweighs drawbacks of manual painting methods. Hence, there is an increasing popularity for paint process trend

Some of the prime drivers of the paint process automation industry are consistent painting results, cost-effective painting processes, and ability to meet industry-specific needs. These factors are estimated to propel the market growth rapidly during the forecast period. However, high installation cost acts as a major barrier for the paint process automation market growth. Contradictory, integration of advanced technologies with paint processes and its ability to meet sustainable goals create lucrative opportunities for the market growth during the forecast period.

The hardware segment was the highest contributor to the market in 2020, owing to high cost of production. The interior segment have prominent share in the market in 2020, owing to its ability for precise and high-quality results for intricate parts. In vertical, the automotive segment attributed maximum market share in 2020, owing to higher rate of adoption of automation in manufacturing facilities. In addition, wall-mounted painting robots had significant market share in 2020, owing to the limitation of space available at facilities.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/5880

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Paint Process Automation industry’s key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market’s strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐏𝐚𝐢𝐧𝐭 𝐏𝐫𝐨𝐜𝐞𝐬𝐬 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

ABB
CMA Robotics
DURR AG
Epistolio robot
FANUC AMERICA CORPORATION
Graco Inc.
KAWASAKI HEAVY INDUSTRIES LTD
KUKA Aktiengesellschaft
Staubli International AG
YASKAWA ELECTRIC PTE LTD.

The COVID-19 outbreak has significantly impacted the paint process automation market sales across the globe. Delay caused in production due to lack of skilled workforce and raw material availability due to partial and complete lockdown has hindered growth of the global market in various regions. However, emergence of COVID-19 pandemic has raised awareness of factory automation, which, in turn, creates potential opportunities for growth of the paint process automation market post-pandemic.

Region-wise, Asia-Pacific holds a significant share in the global paint process automation market. China holds major market share, owing to huge manufacturing hub and higher rate of adoption of automation. Therefore, demand and revenue generated from Asia-Pacific dominates on the global level.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

– In 2020, the hardware segment accounted for maximum revenue and is projected to grow at a notable CAGR of 11.1% during the forecast period.
– The interior segment accounted for more than 45% of the paint process automation market share in 2020.
– The automotive segment of the paint process automation market is projected to grow at a CAGR of 9.4% during the forecast period.
– Asia-Pacific contributed major share in the paint process automation market, accounting for more than 12.6% share in 2020.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/5880

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports consider significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on analyzing high-tech and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

David Correa
Allied Market Research
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June 3, 2024