Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium
Global Research on foundry and forging robots market provides in-depth analysis
of segments and sub-segments in the global as well as a regional foundry and
forging robots market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional foundry and forging
robots market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global
foundry and forging robots market. According to the report, the global foundry
and forging robots market is projected to grow at a CAGR of 5.8% over the
forecast period of 2019-2025.
The
foundry operations encompass the three dreaded that are dull, dirty and
dangerous. It is a physically challenging job in a harsh environment, with very
high turnover. The work in such an environment is less desirable for people,
but it is perfect for robotics, which is ideally suited to the worst aspects of
the process. The growing industrialization and shifting focus to produce
quality products with less cost is helping to grow the demand of the robots in the
foundry and forging works.
The
rapid growth in industrialization and simultaneously growing focus to improve
the quality product is providing a growing demand for the different types of
foundry and forging robots. Further, the growing need to reduce the company’s
overall operational costs is driving the growth of the market. It is an
excellent technique that reduces operational costs as they do not require
additional expenditures like training and healthcare. Additionally, the growing
adaptation of the six-sigma during the production process to reduce the
production cost, improve efficiency,
minimize waste products, timeliness, and accuracy are driving the growth
of foundry and forging the robots market. Furthermore, the growing complexity
of the foundry and forge industry is favoring the robots for the foundry and
forging works. This is propelling the demand for the market. However, the high
cost associated with the installation of foundry and forging robots is
affecting the growth of the market. Moreover, the increasing demand for quality
products at a cheap rate in the developing countries is expected to provide a
significant growth opportunity for the foundry and forge robots market in the
near future.
North
America holds the largest share in the foundry and forging robots market owing
to the significant growth of several industries such as power, construction,
chemicals, oil and gas, and other manufacturing sectors. The Asia-Pacific
region is expected to grow with a healthy CAGR for foundry and forging the
robots market owing to the rapid industrialization. Further, the growth of the
manufacturing sector in China and India also contributes to the growth of
foundry and forging the robots market in this region.
The report on global foundry and
forging robots market covers segments such as application, and type. On the
basis of application, the sub-markets include the automotive industry, metal
foundry industry, semiconductor foundry industry, and other applications. On
the basis of type, the sub-markets include electric drive robots, hydraulic
robots, and other types.
The report provides profiles of the companies
in the market such as Arburg GmbH + Co KG, Alfa Industrial Group, Tecnomatic
Robots, Stäubli, Yamaha Robotics, iRobot, The Yaskawa Electric Corporation,
Omron Adept Technology, Inc., ABB, and KUKA.
The report provides deep insights into
the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of foundry and forging robots market. Moreover, the study highlights
current market trends and provides forecast from 2019-2025. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.