Dublin, May 07, 2021 (GLOBE NEWSWIRE) -- 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, 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/k8075o