Global Paint Process Automation Market Size study & Forecast, by Offering (Hardware, Software, and Services), Purpose (Interior, and Exterior), and Vertical (Automotive, Aviation, Agriculture, Textile, Furniture, Pharmaceutical, Electronics, Construction,

Global Paint Process Automation Market Size study & Forecast, by Offering (Hardware, Software, and Services), Purpose (Interior, and Exterior), and Vertical (Automotive, Aviation, Agriculture, Textile, Furniture, Pharmaceutical, Electronics, Construction, and Others), and Type (Floor-Mounted Systems, Wall-Mounted Systems, Rail-Mounted Systems, and Others), and Regional Analysis, 2023-2030

Global Paint Process Automation Market is valued approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Paint process automation involves the precise application of paint and coatings to equipment, products, and components using automated assembly lines and robotic systems. Despite the best efforts of skilled workers, industrial painting often faces challenges with consistency and error reduction, prompting significant advancements through automation. Robotic painting systems provide reliability essential for painting and coating businesses, addressing common challenges effectively and enhancing overall quality and efficiency in the process. The market growth is driven by key factors such as integration of advanced technologies with painting robots and surge in demand for paint process automation industry.

As Industry 4.0 continues to unfold, the integration of paint process automation is gaining momentum within factory automation. Achieving consistent painting or coating quality and facilitating high-volume production through automation are vital for mass manufacturing in global manufacturing facilities. As a result, the adoption of paint process automation has witnessed a notable surge in popularity in recent years. As per Statista, in 2023, the worldwide paint and coatings industry reached an estimated value of around USD 179.98 billion USD. Projections indicate that by 2032, the sector's market worth will exceed USD 255.59 billion USD. This growth trajectory is primarily propelled by escalating demand within the construction sector, supplemented by robust growth in markets such as automotive, general industrial, coil, wood, aerospace, railing, and packaging coatings. Also, the Asia-Pacific region stands as the dominant force in the global paint and coatings industry, commanding a formidable 45 percent market share in 2022. This dominance is poised to strengthen further, propelled by sustained population growth and rapid urbanization in key economies like China and India. However, high installation cost stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Paint Process Automation Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia-Pacific region is leading the global market share of paint process automation and is projected to exhibit a robust CAGR throughout the forecast period. This dominance is closely tied to the proliferation of mass-production automotive facilities, which significantly drive growth in the painting process automation market across the region. Additionally, Europe is expected to grow at a significant CAGR during the forecast period. The presence of major automotive manufacturers in Europe, coupled with efforts to diversify production away from heavy reliance on China, has spurred increased investment in rapid automation across the continent.

Major market player included in this report are:
FANUC AMERICA CORPORATION
ABB
CMA Robotics
DURR AG
Epistolio robot
Graco Inc.
KAWASAKI HEAVY INDUSTRIES LTD
KUKA Aktiengesellschaft
Staubli International AG
YASKAWA ELECTRIC PTE LTD.

Recent Developments in the Market:
 In April 2022, ABB India unveiled a new production facility aimed at enhancing the production capacity of digital technologies and expanding exports, with plans to export 20% of its production overseas.
 Also in April 2022, Yaskawa Electric PTE Ltd launched innovative industrial robot technology capable of transporting objects based on their color and shape to precisely designated locations.
 In January 2022, FANUC America Corporation introduced the groundbreaking M-1000iA robot, engineered to handle heavy-duty products such as automotive components, construction.

Global Paint Process Automation Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Offering, Purpose, Vertical, Type, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Offering:
Hardware
Software
Service
By Purpose:
Interior
Exterior

By Vertical:
Automation
Aviation
Agriculture
Furniture
Textile
Pharmaceutical
Electronics
Construction

By Type:
Floor-mounted Systems
Wall-mounted Systems
Rail-mounted Systems

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.