Industrial gantry robot market to reach $4.65 billion

Pune, India, Jan. 11, 2022 (GLOBE NEWSWIRE) — The world Gantry Industrial Robots Market Size should reach $4.65 billion by 2028, posting a CAGR of 9.1% during the forecast period. Fortune Business Insights has published this information in its report titled “Industrial Gantry Robot Market, 2021-2028”. One of the factors encouraging the growth of the market is the ongoing automation of industries and production processes. The rapid improvement in production and delivery using industrial robots will fuel the demand from industries.

Also, increasing operational applications of gantry robots owing to their advantages in manufacturing process and material handling for many industries will create more opportunities for the market. The market stood at $2.41 billion in 2020 and $2.52 billion in 2021.

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List of Major Players in Gantry Industrial Robots Market:

  • Yamaha Motor Co. Ltd. (Japan)
  • Liebherr (Germany)
  • ABB AG (Switzerland)
  • Kuka AG (Germany)
  • PARKER HANNIFIN CORP (United States)
  • Sage Automation Inc. (USA)
  • Bosch Rexroth AG (Germany)
  • Gudel Group AG (Switzerland)

Report scope and segmentation

Report cover Details
Forecast period 2021 to 2028
Forecast Period 2021 to 2028 CAGR 9.1%
2028 value projection $4.65 billion
base year 2020
Market size in 2020 $2.41 billion
Historical data for 2017 to 2019
Number of pages 140
Segments Covered Type, application, industry and geography
Growth engines Persistent Innovations in Industry Automation to Drive the Demand for Gantry Robots
High robot production in China to drive growth in Asia-Pacific
Acquisition of Life Robotics by FANUC CORPORATION for Impetus Development

Impact of COVID-19:

Many companies have experienced a decline in market growth during the Covid-19 pandemic; thus, the use of industrial robots is considered extremely important for this period, in order to overcome the obstacles encountered on a global scale during the epidemic. However, the closure of production facilities and lockdown regulations are likely to increase the use of industrial robots in the near future. Due to the inconveniences caused by this compliance in various parts of the world and in all economies, industrial units have been dispersed and workers have been displaced.

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Market segments:

On the basis of industry, the market is segmented into packaging, automotive, pharmaceuticals, food and beverages, semiconductors and electronics, heavy engineering machinery, aerospace and railway, etc. Based on type, the market is fragmented into 4-axis, 3-axis, 2-axis, 1-axis, and others (6-axis). Based on application, the market is categorized into welding, palletizing, material handling, and others. Geographically, the market is categorized into Asia-Pacific, Europe, North America, Latin America, Middle East & Africa.

What does the report include?

The report focuses on all parts and structures of the market. It offers superior insights and provides accurate data on all the prevailing market trends. It is contained after insightful analysis and very forgiving research to help key players, funders, stakeholders, potential investors and backers. The report provides a brief overview of the competitors and companies operating in the market. The study covers market drivers, market restraints, recent trends, new developments, product launches, acquisitions, and mergers.

Drivers and Restrictions:

Persistent Innovations in Industry Automation to Drive the Demand for Gantry Robots

The growing demand for customized products at competitive prices has boosted the production and delivery process. This has intensified the adoption of the automated production process. Automation allows manufacturers to retain and relocate production in established economies without sacrificing cost. Automating the manufacturing process makes production more consistent with more precision and accuracy. Moreover, the combination of intelligent systems and automation has facilitated the production process. This reduced and improved the complexity and control of the machines. Additionally, localization and regionalization of the manufacturing process has driven the demand for gantry robots, which, in turn, will drive the gantry industrial robot market trends.

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Regional Insights-

High robot production in China to drive growth in Asia-Pacific

The Asia-Pacific market stood at $1.17 billion in 2020 owing to the world’s largest robot industry in China. North America is expected to hold a considerable share of the industrial gantry robot market owing to the continued inclination towards automated production. This will strengthen American industries in domestic and global markets. In addition, Europe as a whole is mostly very advanced in terms of automation.

Competitive landscape:

Acquisition of Life Robotics by FANUC CORPORATION for Impetus Development

With increased technical developments, this market is growing, and many well-known brands, as well as some regional companies, are competing to meet the growing demand. FANUC CORPORATION, a group of companies providing automation products and services such as robotics and wireless CNC systems, announced the acquisition of Life Robotics, a manufacturer of collaborative robots. The companies revealed that the new strategic development was the first acquisition in 15 years. Fanuc’s objective is to expand its range of collaborative robots to meet growing demand. The acquisition will meet the demand for Cartesian industrial robots and subsequently accelerate market growth.

Key development:

March 2021: Yaskawa Electric Corporation announced that cumulative shipments of its first all-electric industrial robot MOTOMAN-L10 have reached 500,000 units.

Quick Buy – Gantry Industrial Robots Market Research Report:

Main table of contents:

  • introduction
    • Definition, by segment
    • Research methodology / approach
    • Information source
  • Key points to remember
  • Market dynamics
    • Macro and micro economic indicators
    • Drivers, constraints, opportunities and trends
    • Impact of COVID-19
      • Short term impact
      • Long term impact
  • Competition landscape
    • Business Strategies Adopted by Major Players
    • Consolidated SWOT analysis of key players
    • Porter’s Five Forces Analysis
  • Global Industrial Gantry Robot Key Players Market Share Insights and Analysis, 2020
  • Key market insights and strategic recommendations
  • Profiles of key players (Was provided for 10 players only)
    • Overview
      • Key management
      • Headquarters, etc.
    • Offers/Business Segments
    • Key details (Key details are subject to data availability in the public domain and / or on chargeable databases)
      • Employee size
      • Key financial data
        • Past and current income
        • Geographic share
    • List of profiled companies
      • Gudel Group SA
      • Yamaha Motor Co., Ltd.
      • Liebherr
      • Kuka S.A.
      • ABB AG
      • Shibaura Machine Co., Ltd. (TOSHIBA MACHINE CO., Ltd.)
      • Bosch Rexroth Corporation
      • Sage Automation Inc.
  • Annex / Appendix
    • Global Industrial Gantry Robots Market Analysis, Outlook and Forecast, 2017 – 2028
      • By type (value)
        • 1 axis
        • 2 axis
        • 3 axis
        • 4 axes
        • Others (6 axes)
      • By application (value)
        • Handling
        • Palletizing
        • Welding
        • Others (distribution)
      • By industry (value)
        • Packaging
        • Automotive
        • Medications
        • food and drinks
        • Semiconductors and electronics
        • Heavy engineering machinery
        • Aeronautics & Railways
        • Others (plastic industry, etc.)
      • By region (value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East and Africa
        • Latin America

TOC Continued…!

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Mavis R. Bernier