Eventually, the manufacturing sector started to recognise the long-term financial and operational benefits of utilising cutting, deburring, and finishing robots rather than conventional machines and started integrating these robots into their manufacturing facilities. Due to its benefits over conventional cutting, deburring, and finishing tools, the global market for robotic cutting, deburring, and finishing started to take off. Over the projection period, the manufacturing sector's need for high productivity and accuracy will continue to drive up demand for industrial robots.
Automation and artificial intelligence (AI) improve accuracy, speed, and innovation compared to conventional manufacturing and production processes, which is driving market expansion. With the advent of AI, machine learning, IIoT, and HMI, the robotics market has grown, with significant applications in digitalization-related business verticals like healthcare, logistics, manufacturing, defence, entertainment, and others. Robotics market growth is primarily being driven by growth factors including rising concern for and development of energy-efficient drive systems, as well as fierce competition among industrial verticals to shift toward advanced technology and automation.
The global robotic cutting, deburring, and finishing market was worth USD 600 million in 2021 and is poised to amplify at a CAGR of 13% over 2022-2030
Global Robotic Cutting, Deburring, And Finishing Market: Segmental Analysis
By Type:
- 6-Axis to 7-Axis
- 3-Axis to 5-Axis
By Application:
- Automotive Industry
- Metal Industry
- Electronics Industry
- Others
Global Robotic Cutting, Deburring, And Finishing Market: Geographical Landscape
North America, Middle East and Africa, Europe, Latin America, and Asia Pacific are the major regions presence in this business sphere. Among these, North America is projected to capture a substantial revenue share over 2022-2030. This is attributable to the rapid industrialization, major economic developments, increasing technology integration in manufacturing sectors, and rising RD investments in the field.
Global Robotic Cutting, Deburring, And Finishing Market: Competitive Ambit
The prominent players characterizing the competitive terrain of this business vertical are ABB, FANUC, Kawasaki Heavy Industries, KUKA, Yaskawa Motorman, ARCOS, ATI Industrial Automation, Fastems, Genesis Sytems, Romheld Automation, DAIHEN Corporation, DENSO Robotics, Staubli International, Universal Robots, and Comau.
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