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$1.8 Billion Worldwide Paint Robots Industry to 2027 – Impact of COVID-19 on the Market

DUBLIN, May 10, 2021 /PRNewswire/ — The “Paint Robots – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

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Amid the COVID-19 crisis, the global market for Paint Robots estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2027, growing at a CAGR of 4.6% over the period 2020-2027.

Automotive, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$1.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Automotive segment is readjusted to a revised 4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $495.5 Million, While China is Forecast to Grow at 7.4% CAGR



The Paint Robots market in the U.S. is estimated at US$495.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$522.2 Million by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.6% respectively over the 2020-2027 period. Within Europe

, Germany is forecast to grow at approximately 3.3% CAGR.



Select Competitors (Total 35 Featured):

  • ABB
  • CMA Robotics
  • Durr Systems
  • Epistolio S.r.l
  • Fanuc
  • Kawasaki Robotics
  • Krautzberger
  • Kuka Robotics
  • Staubli
  • Yaskawa;

Key Topics Covered:



I. METHODOLOGY



II. EXECUTIVE SUMMARY



1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS



3. MARKET TRENDS & DRIVERS



4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 35

For more information about this report visit https://www.researchandmarkets.com/r/1o1zpt

Media Contact:

Research and Markets

Laura Wood, Senior Manager

[email protected]



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Cision View original content:http://www.prnewswire.com/news-releases/1-8-billion-worldwide-paint-robots-industry-to-2027—impact-of-covid-19-on-the-market-301287787.html

SOURCE Research and Markets





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