Rockville, Feb. 16, 2023 (GLOBE NEWSWIRE) -- The market for dispensing robot is anticipated to reach US$ 1.3 billion in 2023 and grow at a healthy 7.7% CAGR between 2023 and 2033. The emergence of big data, advances in connectivity, and the expansion of (IoT) are the causative factors for new kinds of intelligent technology.
The demand for dispensing robots is poised to grow effectively over the complete forecast period. Automated liquid dispensing processes enable faster production with fewer man-hours. More importantly, advanced robotic systems are paving the way to greatly improve liquid consistency and patterning accuracy by precisely applying liquid to each product batch-by-batch.
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For instance, automation and robotics allow for higher precision in industrial fluid dispensing applications, as with many modern manufacturing sectors, advances in automation and industrial robotics are transforming fluid dispensing technology.
The automobile industry is concentrating more and more on the demand for automation, but as cheap labour and materials become available in emerging nations, the demand for automation may also decrease gradually. In order to save production costs and time while increasing efficiency, dispensing robots are frequently employed in work like painting, and polishing.
Key Takeaways from Market Study
- The global dispensing robot market is projected to reach US$ 2.9 billion by 2033.
- The market witnessed 6.2% CAGR between 2018 and 2022.
- Articulated dispensing robot in product type segment dominates the market with 23.4% market share in 2023.
- Under end use industry, electrical and electronics industry holds a strong share of 26.3% in the market and is valued at US$ 366 million in 2023.
- Based on region, demand for dispensing robot expected to increase at CAGR of 8.3% in East Asia during the forecast period.
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Competitive Landscape
Modern robots and their peripherals are in high demand, which enables market participants to broaden their product lines. Market players are investing more money and resources in R&D while trying to increase their regional presence.
Some of the key developments are:
- In January 2022, Mitsubishi Electric and Cartken had established a partnership to set up a few of the latter's delivery robots at a Japanese shopping centre to bring food to customers of Starbucks first.
- In April 2022, Ready Robotics and Kawasaki Robotics had announced a collaboration to bring Reddy's Forge/OS software to Kawasaki robot hardware. This collaboration simplifies the setup, programming, and deployment of automation and helps alleviate common end-user pain points.
Key Companies Profiled
- ABB
- ESYS Automation Techcon Systems
- Everprecision
- Fanuc
- Fisnar, Inc.
- Iwashita Engineering
- Janome
- Kawasaki Robotics
- KUKA
- Mitsubishi Electric
- Musashi
- Nordson EFD
- Saejong
- Yaskawa Motoman
Market Development
A growing trend in the automobile industry is the employment of dispensing robots. has increased. All industries have more production capacity due to the low cost of labour and materials, which has prompted manufacturers to emphasise automation.
Dispensing robots make sealing, gluing, painting, and other tasks more efficient, flexible, and easy. Robots offering integrated torque or force, sensing the smooth flow of the operation, and precise placement along with reducing scrap and waste can be a new focus for manufacturers in this field. The lightweight, flexible robots can be easily moved wherever there is a requirement for the product.
Segmentation of Dispensing Robot Industry Research
- By Product Type:
- Articulated robots
- Cartesian robots
- SCARA robots
- Other robots
- By Axis:
- 4 Axis and Below
- 5 Axis
- 6 Axis and Above
- By Operational Range:
- 200*200mm
- 300*300mm
- 400*400mm
- Above 500*500 mm
- By End Use Industry:
- Automotive
- Chemical
- Food & Beverages
- Healthcare
- Electrical & Electronics
- Oil & Gas
- Pharmaceutical
- Others
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East and Africa (MEA)
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global dispensing robot market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of
product type, (articulated robots, cartesian robots, SCARA robots, other robots), axis (4 axis and below, 5 axis, 6 axis and above), operational range, (200*200mm, 300*300mm, 400*400mm, above 500*500 mm), end use industry, (automotive, chemical, food & beverages, healthcare, electrical & electronics, oil & gas, pharmaceutical, others) and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).
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Dispensing Robot
