21-Feb-2018 | Zion Market Research
The new report by the Zion Market Research on the “Global Robotic Cutting, Deburring, and Finishing Market — Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2024" has a vast information about the market and its potential. The global robotic cutting, deburring, and finishing (CDF) market was valued at around USD 500 million in the year 2016 and it is expected to reach more than USD 1,300 million by 2024. The global robotic cutting, deburring, and finishing market is expected to exhibit a CAGR of more than 13% between 2017 and 2024. In terms of volume, the demand for CDF robots is expected to reach more than 50,000 units in 2024 at a CAGR of around 20% from 2017 to 2024.
The major factors that will boost the growth of the robotic cutting, deburring, and finishing market are increasing human labor costs and aging labor, rising need for precision and sequential output in manufacturing coupled with growing awareness and adoption of AI and automation in manufacturing and other industries.
Our research analysts observed that there will be an increasing demand for the 6-axis and 7-axis CDF robots since these types of robots offer multitasking skills and dynamic approaches to the end-user. 6-axis and 7-axis CDF robots are more practical and could mimic complex movements such as human hand, arm, and wrist which make them more preferable as compared with 3-axis to 5-axis CDF robots.
Browse the full "Robotic Cutting, Deburring, and Finishing Market by Product Type (6 Axis and 7 Axis and 3 Axis to 5 Axis), By Robot Type (Articulated Robots, SCARA Robots, Parallel Robots, Cartesian Robots, and Other Robots), By Process Type (Cutting, Finishing, Deburring, and Grinding), By Installation Type (New, Replacement, and Retrofit) For Application (Automotive Industry, Metal Industry, Electronics Industry, Chemicals and Plastics Industry, and Others): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2024" report at https://www.zionmarketresearch.com/report/robotic-cutting-deburring-finishing-market
The global Robotic Cutting, Deburring, and Finishing market are segmented on the basis of the product type, robot type, process type, installation type, application, and the geographical regions.
In the product type segment, CDF Robots with up to 5-axis hold major share. CDF robots with up to 5-axis have numerous applications including manufacturing and other industrial functions. Cost of these types of CDF robots is lower as compared to other CDF robots with a higher number of axes. However, multitasking ability and robust capabilities to do advanced and complicated jobs have boosted the demand for 6-axis and 7-axis CDF robots since they could imitate complex movements coupled with convoluted 360-degree movements. 6-axis and 7-axis CDF robots segment are expected to grow at highest CAGR of more than 25% from 2017 to 2024. Most of the leading manufacturers are focusing on innovating and developing 6-axis and 7-axis CDF robots to capitalize on the growing trend of demand for 6-axis and 7-axis CDF robots.
Many types of CDF robots are required in many of the applications to ensure the accuracy, precision, and repeatability of processes and operations in various industries. Among them, the product type that is dominating the market is the articulated CDF robots. Around 8,000 units of articulated CDF robots were ordered in 2016 across the globe. Articulated robotic systems usually have four to six axes, but could also have up to 10. This type of robots has more degrees of freedom than any other robots on the market, which provides the end-user more versatility, adaptability, and makes them more appealing. Articulated CDF robots can be used for several different applications and have a large work envelope which has boosted its demand across different industries. Due to its popularity and longevity, articulated CDF robot systems are plummeting in price, making them more affordable which would further boost its demand across the globe during the forecast period.
In the process type segment, the cutting process is dominating the Robotic Cutting, Deburring, and Finishing market. CDF robots for the cutting process are widely used in various industries such as metal, automotive, aerospace, and electronics among others. Robotic cutting is the automated process of removing material from a workpiece or dividing the workpiece into several smaller, discrete parts. CDF robots for the cutting process are extremely precise and accurate while increasing speed. Decreased cutting errors reduce product waste. CDF robots for cutting process also keep employees safe from dust or fumes that can occur during a cutting application. All these advantages have boosted the demand for CDF robots for the cutting process. Depending on the product material and the type of cut desired, the type of blade or cutter needed could be selected. End users can choose from a variety of customized or pre-engineered cutters to attach at the end of the robot arm which is expected to further boost the demand for CDF robots for the cutting process during the forecast period.
In the installation type segment, new installations dominate the Global Robotic Cutting, Deburring, and Finishing market. Most of the CDF robots sold in the market are brand new. Most of the end-users buy specialized CDF Robots for explicit functions and tasks which requires new and customized purchases of CDF robots. However, it is more convenient to retrofit existing CDF robot with specialized tools rather than making a purchase of altogether new CDF Robots. This makes retrofit CDF robots a financially viable option for end users. During the forecast period, retrofit CDF robots segment is expected to register highest CAGR of more than 20% which would increase its share to more than 35% of the Global Robotic Cutting, Deburring, and Finishing market.
In the application segment, the automotive industry is dominating the Robotic Cutting, Deburring, and Finishing market. In 2016, automotive industry ordered more than 6,000 CDF robots across the globe. CDF robots have facilitated the automotive industry to attain a higher level of precision in their traditional manufacturing processes to transform them into effective manufacturing methods. The automotive industry has identified the advantages of CDF robots such as superior rate of production and quality. These factors have led to boost in demand for CDF robots in the automotive industry.
The market is developing at a rapid rate in the developing regions. The major market share for the Robotic Cutting, Deburring, and Finishing market was contributed by the Asia Pacific. The Asia Pacific dominates the market which is followed by Europe. There is a rising awareness in the Asia Pacific regarding the benefits of CDF robots in the manufacturing process of various industries such as automotive, metals, electronics, chemicals, and plastics industry among others. All these factors have boosted the demand for CDF robots in the region. As the prices of CDF robots are expected to fall in years to come, the adoption rate of CDF robots is expected to increase in this region. China, Japan, and South Korea are some of the leading countries in the Asia Pacific to adopt CDF robots.
The major market players in the Robotic Cutting, Deburring, and Finishing market are ABB, FANUC, Kawasaki Heavy Industries, and KUKA among others.
Global Robotic Cutting, Deburring, and Finishing Market: Product Type Segment Analysis
Global Robotic Cutting, Deburring, and Finishing Market: Robot Type Segment Analysis
Global Robotic Cutting, Deburring, and Finishing Market: Process Type Segment Analysis
Global Robotic Cutting, Deburring, and Finishing Market: Installation Type Segment Analysis
Global Robotic Cutting, Deburring, and Finishing Market: Application Segment Analysis
Global Robotic Cutting, Deburring, and Finishing Market: Regional Segment Analysis
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States