Foundry Robots Market Size & Share, by Type (Electric Drive Robots, Hydraulic Robots); Application (Automotive, Metal Foundry, Semiconductor Foundry) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3878
  • Published Date: Aug 22, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Foundry Robots Market size is projected to grow at around 5.1% CAGR during the forecast period i.e., between 2024-2036. The growth of the market can be attributed largely to the rapidly growing industrialization in emerging economies, coupled with rising output of manufacturing sector in those nations. According to the Center for International Knowledge on Development, China, the country’s industry added value reached USD 4,742.99 billion in 2018, which is 56.7 times that of 1978. Along with this, increasing demand for foundry robots as they can reduce production cost while offering high efficiency is also expected to drive market growth in the upcoming years. Furthermore, escalating adoption of robots in industries ascribing to their ability to withstand harsh environments and handle heavy work pieces is projected to offer profitable opportunities to the foundry robots market in the near future.


Foundry Robots Market
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Foundry Robots Sector: Growth Drivers and Challenges

Growth Drivers

  • Rapidly Growing Industrialization in Emerging Economies
  • Rising Output of Manufacturing Sector in Developing Nations

Challenges

  • High Installation Cost of Foundry Robots

Foundry Robots Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

5.1%

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Foundry Robots Segmentation

The market is segmented by application into automotive, metal foundry, semiconductor foundry, and others, out of which, the automotive segment is anticipated to hold the largest share in the global foundry robots market. This can be accounted to the increasing usage of foundry robots for performing tasks such as inspecting parts, moving materials, and spraying paint onto the cars. Apart from these, rising adoption of network-controlled robots in the automotive industry to perform repetitive tasks with precision tirelessly is also predicted to boost the market segment growth in the future. Additionally, on the basis of the type, the electric drive robots segment is assessed to acquire the largest share during the forecast period ascribing to the large range of speed, torque and power of these robots, and their ability to operate efficiently in hash environmental conditions. 

Our in-depth analysis of the global market includes the following segments:

           By Type

  • Electric Drive Robots
  • Hydraulic Robots
  • Others

             By Application

  • Automotive
  • Metal Foundry
  • Semiconductor Foundry
  • Others

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Foundry Robots Industry - Regional Synopsis

Regionally, the global foundry robots market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific industry is estimated to account for largest revenue share by 2036, due to rising adoption of advanced technologies in Japan, China and Taiwan. In Japan alone, the software sector accounted for sales of more than USD 100 billion as of 2018, whereas the sales of ICT were estimated at more than USD 420 billion that same year.

In addition, rapidly growing industrialization, and increasing investments in automation are also expected to boost the market growth in the region in the coming years. Moreover, the market in North America is projected to grab the largest share during the forecast period owing to the high adoption of foundry robots in manufacturing units, and strong presence of major market players in the region.

Research Nester
Foundry-Robots-Market-Share
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Companies Dominating the Foundry Robots Landscape

    • ABB, Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Arburg GmbH + Co KG
    • Alfa Industrial Group
    • The Yaskawa Electric Corporation
    • Omron Adept Technology, Inc.
    • KUKA AG
    • Tecnomatic S.P.A.
    • Stäubli International AG
    • Yamaha Motor Company
    • iRobot Corporation

In the News

  • January 2020- Omron showcased new industrial robot Omron i4, with built-in artificial intelligence, which is able to detect and communicate when it needs repairs and routine maintenance.

  • June 2019- ABB demonstrated unique robot portfolio for foundries and forges. The robot IRB 6790 is claimed to offer maximum reliability and efficiency in extreme working environments.

Author Credits:  Abhishek Verma


  • Report ID: 3878
  • Published Date: Aug 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Foundry Robots Market size is projected to grow at around 5.1% CAGR during the forecast period i.e., between 2024-2036.

The market growth is driven by rapidly growing industrialization in emerging economies, and rising output of manufacturing sector in developing nations.

Asia Pacific industry is estimated to account for largest revenue share by 2036, due to rising adoption of advanced technologies in Japan, China and Taiwan.

The major players in the market are ABB, Ltd., Arburg GmbH + Co KG, Alfa Industrial Group, The Yaskawa Electric Corporation, Omron Adept Technology, Inc., and others.
Foundry Robots Market Report Scope
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