Pune, India, April 18, 2022 (GLOBE NEWSWIRE) — The world Gantry Industrial Robots Market the size was USD 2.53 billion in 2021. The market is expected to grow from USD 2.76 billion in 2022 to USD 5.17 billion by 2029, growing at a CAGR of 9.4% during the forecast period . Growing applications of robots and exponential investments by automotive players and venture capitalists are expected to propel the development of the market. Fortune Business Insight™ provides this information in its report entitled “Gantry Industrial Robot Market, 2022-2029.”
Portal industrial robots are machines equipped with manipulators and placed on overhead systems to allow them to move in parallel planes. Growing applications of robots in material handling and manufacturing are expected to propel the growth of the industry. Additionally, exponential investments from automotive players and venture capitalists are expected to boost the adoption of industrial gantry robots. Moreover, lower operational costs and free areas are expected to drive the development of the market over the next few years.
Leading companies reviewed in the Gantry Industrial Robots Market report are:
- Yamaha Motor Co., Ltd. (Japan)
- TOSHIBA MACHINE CO., LTD. (Japan)
- Liebherr (Germany)
- ABB AG (Switzerland)
- Kuka AG (Germany)
- FANUC CORPORATION (Japan)
- PARKER HANNIFIN CORP (United States)
- Sage Automation Inc. (USA)
- Bosch Rexroth AG (Germany)
- Gudel Group AG (Switzerland)
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Presence of multiple robot manufacturers to propel market development in Asia-Pacific
Asia-Pacific is expected to dominate the Asia-Pacific market share due to the presence of several robot manufacturers. The Asia-Pacific market was worth $1.48 billion in 2021 and is expected to gain momentum over the coming years. Furthermore, the growing interest of manufacturers in expanding and manufacturing gantry industrial robots is expected to propel the development of the market.
In North America, the continued trend of automated manufacturing improving industries in the United States is expected to drive the adoption of industrial gantry robots. These factors may boost the development of the industrial gantry robot industry.
In Europe, the high density of gantry industrial robots in the automotive sector should boost sales. Also, highly developed automation systems are expected to propel the growth of the industry.
Impact of the COVID-19 pandemic:
Manufacturing Constraints to Hinder Market Development
This market is expected to be negatively affected during the COVID-19 pandemic due to manufacturing restraints. The sudden spike in COVID patients and the imposition of strict government standards are expected to propel the development of the market. In addition, transportation restrictions lead to the lack of raw materials and resources necessary for the production of raw materials. However, adopting smaller capacities, automated production techniques and part-time teams can allow manufacturers to recover costs and balance costs.
Browse the abstract of this research report:
Report Scope and Segmentation:
|Forecast period||2022 to 2029|
|Forecast Period 2022 to 2029 CAGR||9.4%|
|2029 value projection||$5.17 billion|
|Market size in 2021||$2.53 billion|
|Historical data for||2018 to 2020|
|Number of pages||140|
|Segments Covered||By Type, By Application, By Industry, By Region|
|Growth engines||Continuous innovation and continuous automation to increase market growth|
|Pitfalls and Challenges||High initial investment and daily maintenance required to hamper market growth|
By Type, the market is segmented into 1-axis, 2-axis, 3-axis, 4-axis and others (6-axis). Depending on the application, it is classified into material handling, palletizing, welding and others. According to industry, it is categorized into packaging, automotive, pharmaceuticals, food and beverages, semiconductors and electronics, heavy engineering machinery, aerospace and railways iron, plastic industry and others. Regionally, it is clubbed in North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
The report provides a detailed analysis of major segments and latest market trends. It discusses in detail the driving and restraining factors and the impact of COVID-19 on the market. Moreover, it examines the regional developments and the strategies undertaken by the major market players.
Drivers and Constraints
Continuous automation and continuous innovations to increase industry development
Rapid delivery and production of custom components is likely to drive the demand for industrial gantry robots. Automation, accuracy and precision should improve the consistency of results. Additionally, industrial robots allow manufacturers to continue production and improve accuracy and precision. The increasing adoption of automated production techniques is expected to attract significant demand for industrial robots. Moreover, reducing the complexity of machines and adopting intelligent systems in automation can propel the growth of the industry. These factors may boost the growth of the portal industrial robots market.
However, high investment and maintenance is expected to hamper the growth of the market.
Companies announce new software to improve brand image
Major companies operating in the market are announcing new software to improve product quality and enhance brand image. For example, KUKA AG unveiled its iiQKA.OS in April 2021. It offers a new ecosystem and provides access to various equipment, services, applications, programs and components. This factor can allow companies to boost the adoption of the product. Additionally, adopting research and development, acquisitions, mergers, partnerships, and expansion strategies can enable manufacturers to increase their market position and annual revenue.
- March 2021: ABB robots received the prestigious “Best of the Best Red Dot” award for its prestigious and new “GoFa cobot” for its unique design concept that makes the robot accessible and attractive to users.
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Detailed Table of Contents:
- Definition, by segment
- Research approach
- 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 key players
- Consolidated SWOT analysis of key players
- Global Industrial Gantry Robot Market Share Analysis, 2021
- Key market insights and strategic recommendations
- Profiles of key players (Would be provided for 10 players only)
- Key management
- Headquarters, etc.
- Offers/Business Segments
- Key details (Key details are subject to data availability in the public domain and/or paid databases)
- Employee size
- Key financial data
- Past and current income
- Gross margin
- Geographic share
- Industry share
- RECENT DEVELOPMENTS
- Key Interview Responses
- Annex / Appendix
Table of contents continued
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