According to IMARC Group’s latest report, titled “Foundry and Forging Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, offers a comprehensive analysis of the industry, which comprises insights on the foundry and forging robots marke trends.
The global foundry and forging robots market size reached US$ 256.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 390.6 Million by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028. Foundry and forging robots are types of industrial robots designed for use in foundries and forging facilities. Foundry robots are typically used to automate tasks, such as pouring molten metal, removing castings from molds, and trimming excess material from finished parts. Forging robots, on the other hand, are used to manipulate heated metal and perform tasks, such as forging, pressing, and stamping. These robots are often equipped with specialized end-effectors, such as grippers and tongs, to handle the unique challenges of working with hot, heavy materials. The use of foundry and forging robots can increase efficiency, reduce labor costs, and improve worker safety in industrial settings.
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Foundry and Forging Robots Market Trends:
The increasing need for automation across industries represents a significant factor driving the market growth across the globe. In addition to this, foundry and forging robots form an essential part of the automation process in the manufacturing industry, thus driving the market growth. In line with this, advancements in robotics technology, such as the development of collaborative robots and machine learning algorithms, are contributing to the growth of the market. This is further improving the efficiency and effectiveness of foundry and forging robots, while facilitating their adoption, thus driving the market growth. Other factors, such as the rising demand for customized parts, increasing labor costs, improved workplace safety, and the increasing demand for lightweight materials, are creating a positive outlook for the market.
Foundry and Forging Robots Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the foundry and forging robots market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ABB Ltd.
- BGR NEO Limited (BGR Group)
- Difacto Robotics and Automation Pvt. Ltd.
- Fanuc America Corporation (FANUC Corporation)
- irobotics GmbH
- Kawasaki Heavy Industries Ltd.
- Kruger Industrieautomation GmbH
- KUKA AG
- Yaskawa America Inc. (Yaskawa Electric Corporation)
Key Market Segmentation:
The report has segmented the global foundry and forging robots market based on type, application and region.
Breakup by Type:
- Electric Drive Robots
- Hydraulic Robots
- Others
Breakup by Application:
- Automotive Industry
- Metal Foundry Industry
- Semiconductor Foundry Industry
- Others
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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