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, growing at a CAGR of 13% through 2024.
Global Robotic Cutting, Deburring, and Finishing (CDF) Market is a part of the industrial robotics industry. Robots used for cutting, deburring, finishing, and grinding fall under Material Removal function of the industrial robotics industry. CDF robots are utilized during manufacturing and production process for explicit functions such as cutting, deburring, finishing, and grinding. CDF robots provide additional benefits over traditional cutting, deburring, and finishing tools. In recent times, the manufacturing sectors increasingly started realizing the long-term financial and operational advantages of CDF robots over traditional machines and adopted these robots in their production facilities.
Value and Volume
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 are 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.
Drivers and Restraints
The major factor driving the growth of roof safety and access system market is the rising adoption of automation and AI in the manufacturing and production process across various industries. Automation and AI bring in accuracy, speed, and innovation over the conventional methods of manufacturing and production.
Increasing human labor costs and aging labor have convinced the manufacturing industries to switch to automation. This has further increased the sales of the CDF robots across different industries.
Rising need for precision and sequential output in the manufacturing process could be achieved through CDF robots and thus is expected to further boost the demand for CDF robots during the forecast period.
Increasing adoption of CNC machines and threat of loss of jobs is expected to arrest the growth of this industry in the years to come.
Increasing activities and investment in the manufacturing sector in developing economies coupled with an anticipated drop in prices of CDF robots in the years to come provides ample opportunities for players operating in the Robotic Cutting, Deburring, and Finishing (CDF) Market.
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. In the product type segment, CDF Robots with up to 5-axis hold major share. 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.
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. Articulated CDF robots can be used for several different applications and have a large work envelope which has boosted its demand across different industries.
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. In the process type segment, the cutting process is dominating the 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. In the installation type segment, new installations dominate the Global Robotic Cutting, Deburring, and Finishing market. 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%.
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. In the application segment, the automotive industry is dominating the Robotic Cutting, Deburring, and Finishing market.
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. 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 as well as other developing regions. China, Japan, and South Korea are some of the leading countries in the Asia Pacific to adopt CDF robots.
The report includes detailed profiles of the prominent market players that are trending in the Global Robotic Cutting, Deburring, and Finishing market. The list of the players that are compiled in the report are ABB, FANUC, Kawasaki Heavy Industries Ltd., DAIHEN Corporation, Yaskawa Motoman, DENSO Robotics, Fastems, Genesis Systems Group, LLC, Arcos, ATI Industrial Automation Inc., KUKA AG, Stäubli International AG, Universal Robots A/S, Comau S.p.A., and much more.
The prominent market players maintain the competitive edge in the global market by spending more on research and development activities to bring innovative solutions for diversified industries. The market is still in the development phase, has number of product variants, and offers a high degree of customized products.
This report is based on in-depth qualitative and quantitative analyses of the global Robotic Cutting, Deburring, and Finishing market. Zion Market Research has collected and analyzed key data belong to the global Robotic Cutting, Deburring, and Finishing market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Robotic Cutting, Deburring, and Finishing across the world has been calculated through primary and secondary research.
Zion Market Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Robotic Cutting, Deburring, and Finishing industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases, and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Robotic Cutting, Deburring, and Finishing market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates: