High requirement for automation, high labor cost and dearth of skilled human workforce, and increase in investments in r&d activities, drive the growth of the fiberglass cutting robots market
PORTLAND, Ore., Dec. 14, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Fiberglass Cutting Robots Market by Product Type (3-Axis To 5-Axis Robots, and 6-Axis To 7-Axis Robots), Application (Construction, Automotive and Transportation, Pipe and Tank, Wind Energy, and Others), Payload (Light, Medium, and Heavy), and Reach (Up to 2000 mm, and More than 2000 mm): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global fiberglass cutting robots market was valued at $19 million in 2022, and is projected to reach $40.8 million by 2032, registering a CAGR of 8.1% from 2023 to 2032.
Request PDF Sample Copy @ https://www.alliedmarketresearch.com/request-sample/4476
Prime determinants of growth
The implementation of robotics technology has been revolutionized by the increase in demand for automation. To compete effectively in the market, many businesses concentrate on automating operational procedures to cut costs, free up time, produce high-quality goods, and boost productivity The growing demand for automation and the lack of skilled workers are anticipated to boost the market. Leading companies aspire to explore innovative technologies and applications to satisfy customers' increasing demands.
Report coverage & details:
Report Coverage | Details |
Forecast Period | 2023-2032 |
Base Year | 2022 |
Market Size in 2020 | $19 million |
Market Size in 2032 | $40.8 million |
CAGR | 8.1 % |
No. of Pages in Report | 220 |
Segments covered | Product Type, Application, Payload, Reach, and Region. |
Drivers | High requirement for automation. High labour cost and dearth of skilled human workforce. Increase in investments in R&D activities. |
Opportunities | Evolving robotics and AI industry. |
Restraints | High initial investment and installation costs. |
The 6-axis to 7-axis robots segment to maintain its leadership status throughout the forecast period
Based on product type, the 6-axis to 7-axis robots segment held the highest market share in 2022, accounting for more than four-fifths of the fiberglass cutting robots market revenue. The 3-axis to 5-axis robots segment is projected to attain the highest CAGR of 8.4% from 2023 to 2032, owing to high demand for 3-axis to 5-axis robots for fiberglass cutting applications in construction and industrial sector is expected to drive the market. This is attributed to the increase in demand for SCARA and other robots for miniature work in the electronics and electrical industry.
The automotive and transportation segment to maintain its leadership status throughout the forecast period.
Based on application, the automotive and transportation segment held the highest market share in 2022, accounting for more than two-fifths of the fiberglass cutting robots market. This is attributed to the increasing demand of articulated and other robots for automotive fibre parts manufacturing in the automotive and transportation. However, the construction segment is projected to attain the highest CAGR of 9.1% from 2022 to 2032. The rise in demand of fiberglass products for insulation is expected to drive the demand for fiberglass cutting robots in the construction sector.
Buy This Research Report (220 Pages PDF with Insights, Charts, Tables, Figures) @
https://www.alliedmarketresearch.com/checkout-final/fbc0ab40332c69104ea2c646b8822135
The heavy payload segment to maintain its lead position during the forecast period.
Based on payload, the heavy segment accounted for the largest share in 2022, contributing to more than three-fifths of the fiberglass cutting robots market revenue, and medium payload segment is expected to attain the largest CAGR of 8.9% from 2023 to 2032. Growth in automotive, construction, chemical wind energy and other industries is increasing demand for fiberglass cutting robots. Growth in the industrial sector will eventually have a positive impact on the fiberglass cutting robots market.
The more than 2000 mm segment to maintain its lead position during the forecast period.
Based on reach, the more than 2000 mm segment accounted for the largest share in 2022, contributing to more than three-fifths of the fiberglass cutting robots market revenue, and up to 2000 mm segment is expected to attain the largest CAGR of 8.3% from 2023 to 2032. Reequipment of huge fiberglass products in wind energy, boat manufacturing and other sectors drives fiberglass cutting robots market growth.
The Asia-Pacific region to maintain its leadership status throughout the forecast period
Based on region, the Asia-Pacific region held the highest market share in 2022, accounting for more than three-fifths of the fiberglass cutting robots market revenue and is estimated to maintain its leadership status throughout the forecast period. This is owing to rise in investment by key market players and policies such as "Make in India" and others are expected to drive market growth.. The LAMEA region, however, is projected to attain the highest CAGR of 10.3% from 2023 to 2032, owing to urbanization and industrial in this region, which is expected to drive the market growth.
Inquire Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/4476
Leading Market Players: -
- ABB
- Comau
- DAIHEN CORPORATION CO., LTD.
- DENSO CORPORATION
- FANUC Corporation
- SEIKO EPSON CORPORATION.
- Kawasaki Heavy Industries, Ltd.
- KUKA AG
- UNIVERSAL ROBOTS A/S
- Yaskawa Electric Corporation
The report provides a detailed analysis of these key players in the fiberglass cutting robots market. These players have adopted different strategies such as new product launches, investments, and acquisitions to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Trending Reports in Cutting Robots Industry (Book Now with 15% Discount):
Waterjet Cutting Machines Market is projected to reach $1,986.40 million by 2030
Tempered glass cutting machine market is projected to reach $6,061.51 million by 2031
CNC metal cutting machine market is projected to reach $83,364.4 million by 2030
Metal cutting tool market is projected to reach $107.3 billion by 2032
Robotic drilling equipment market is expected to reach $1,017.4 million by 2027
Cutting Discs Market - Global Opportunity Analysis and Industry Forecast, 2023-2032
Tile Cutting Machine Market - Global Opportunity Analysis and Industry Forecast, 2023-2032
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/fiberglass-cutting-robots-market-to-reach-40-8-million-globally-by-2032-at-8-1-cagr-allied-market-research-302015227.html
