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Foundry and Forging Robots Market

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Foundry and Forging Robots Market (Application - Automotive Industry, Metal Foundry Industry, Semiconductor Foundry Industry, and Other Applications; Type - Electric Drive Robots, Hydraulic Robots, and Other Types): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : August, 2019

  • Rep Id : IA0046

  • Category : Industry Automation

  • Status : Published

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.

 

Market Insight                                                                         

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.

 

Segment Covered

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.

 

Companies Profiled:

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.

 

Report Highlights:

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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