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 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 growing industrialization around the world, and simultaneously growing focus to improve the quality product is helping to grow the demand of the different type of foundry and forging robots. Further, the growing adaptation of the six-sigma during the production process to reduce the production cost, minimize waste products, improve efficiency, timeliness, and accuracy are increasing the adaptation of the robots in the foundry and forging works. Additionally, the growing complexity of the foundry and forge industry due to increasing automation is favoring the robots for the foundry and forging works. Presence of the several harsh conditions commonly found in the steel mills, foundries, forge shops and other automotive plants are not conducive to the human workers. These conditions exhaust the human energy and attention within a short period of time and hamper the productivity of the plant. Further, these extreme conditions provide an accident-prone working atmosphere for human workers. Hence to avoid all these things, there is increasing adoption of the robots for different works in the foundry and forging industry.
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. However, the cost factor for the installation of the foundry and forging robots is hampering the growth of this market for the short term. Moreover, the growing demand for the quality products at the cheap rate in the developing countries is expected to boost the demand of the robots for the foundry and forge works in the near future.
Geographically, the foundry and forging robots market is segmented into four regions, namely North America, Europe, the Asia-Pacific, and RoW. North America is the largest player of the foundry and forging robots market around the world, owing to the birth place of the six sigma guru “Walter A. Shewhart”, and one of the early adopter of this technique in the production and manufacturing activities. Now, several companies in the foundry and forge activities in this region have installed the robots for a different type of foundry and forge activities to provide quality products at less cost. The Asia-Pacific’s foundry and forging robots market is expected to grow at the highest CAGR during the forecast period, owing to the increasing industrialization and mounting pressure to reduce the production cost.
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 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.
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