About Foundry Robots
Foundry robots can perform a variety of application that includes die-casting, gravity-casting, sand-casting, finishing, water or chemical cleaning, and forging. These robots are widely used as they can endure the conditions with ease and work without fatigue.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.39% |
The foundry robot market is expected to see continued growth due to rising automation needs and technological advancements. Collaboration, customization, and a focus on value-added services will be crucial for success in this competitive landscape. Emerging players with innovative solutions are likely to challenge established players, shaping the future of the industry. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Foundry Robots market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Engel (Austria), Arburg (Germany), Nachi-Fujikoshi (Japan), Yaskawa Electric Corporation (Japan), Alfa Robot (Taiwan), FANUC (Japan), Harmo (United States), KUKA (Germany), TecnoMatic Robots (Italy), OMRON Adept Technologies (United States), Kawasaki Heavy Industries (Japan), Staubli Robotics (Switzerland), Yamaha Robotics (Japan), ABB (Switzerland), Sepro Robotique (France) and IRobot (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Epson Robotics and Wittman.
Segmentation Overview
AMA Research has segmented the market of Global Foundry Robots market by Type (Electric Drive Robots, Hydraulic Robots and Other), Application (Commercial, Civil and Military) and Region.
On the basis of geography, the market of Foundry Robots has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. Automotive will boost the Foundry Robots market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement in the Robotics Industry and Emphasizing On Cost Reduction through Product Innovation
Market Growth Drivers:
Growing Industrialization Around The World, Growing Adaptation Of The Six-Sigma During The Production Process To Reduce The Production Cost, Minimize Waste Products, Improve Efficiency, Timeliness, And Accuracy Are Increasing The Adaptation Of The Robots and Growing Complexity Of The Foundry And Forge Industry Due To Increasing Automation
Challenges:
Safety Concerns Due to Complex High-Level Interfacing
Restraints:
Stringent Government Regulations Regarding Automation
Opportunities:
Rising Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In October 2023, KUKA AG partnered with Siemens to develop robot-based solutions for automated casting processes. This collaboration leverages the strengths of both companies, potentially leading to more innovative and effective robot-based solutions for foundries.
In January 2024, ABB Robotics unveiled a new foundry-specific robot with enhanced dust protection and heavy-duty capabilities. Foundries looking to automate various tasks, from material handling and pouring to cleaning and fettling. Businesses seeking robots specifically designed for the challenging conditions in foundry environments.
Key Target Audience
Robot Component and Equipment Manufacturers and Suppliers, Robot Manufacturers and Suppliers, System Designers and Machine Manufacturers, Potential Investors, Technology Providers, Government Bodies and Departments, Research Institutes and Business Consulting Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.