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