The market for robotic polishing machines is being driven by a number of factors, including the rising need for goods of higher quality and greater efficiency, precision, and productivity. To increase efficiency and product quality, the automobile industry is moving away from human labour and toward automated procedures.
Because they offer a greater level of quality and uniformity, robotic polishing machines are also advantageous to the electronics industry. Additionally, the cost of labour is increasing, causing firms to search for alternatives that might automate their procedures.
The desire for better products with more accuracy from a variety of industries, including automotive, electronics, hardware & tool, household items, and others, has increased the need for the robotic polishing machine market. Due to its capacity to deliver reliable results of the highest calibre, it is extensively used across numerous sectors. The main reason propelling the growth of the robotic polishing machine market is the rising need for better products with greater accuracy from a variety of sectors. Another element boosting the market's expansion is the expanding use of robotic technology in a variety of industries.
Robotic polishing machines have a number of benefits, including improved accuracy and precision, efficiency, safety, and flexibility. Compared to manual polishing, robotic polishing robots offer a far higher level of control over the polishing process. As a result, there is less material waste and the surface is of higher quality. These machines can also work with a wide range of materials, such as composites, metals, plastics, and glass.
Using abrasive materials, robotic polishing machines are used to polish surfaces. Robotic arms on these machines can be programmed to move in predetermined patterns. A technique called polishing is used to enhance a workpiece's surface finish. By removing the flaws from the workpiece's surface, it is accomplished.
The market for robotic polishing machines is anticipated to increase at a CAGR of 7.3% between 2021 and 2031, reaching a value of $1.2 billion.
The primary issue limiting market expansion is the high cost of robotic polishing machines. A further problem that is anticipated to impede market expansion is a lack of competent workers. However, the growing need for products with greater quality and accuracy is anticipated to open up prospects for market expansion.
Robert Bosch GmbH (Germany), Denso Corporation (Japan), Fanuc Corporation (Japan), Yaskawa Motoman Robotics Division (US), ABB Ltd. (Switzerland), Kawasaki Heavy Industries, Ltd. (Japan), Nachi-Fujikoshi Corp. (Japan), Mitsubishi Electric Corporation (Japan), and Universal Robots A/S (Denmark) are some of the leading companies in the global robotic polishing machine market.
The Robotic Polishing Machine with Polishing Tools Type to Emerge as the Most Lucrative Segment
The market can be divided into robotic polishing machines with polishing tools and robotic polishing machines with workpieces on the basis of type. The segment for robotic polishing machines with polishing tools is anticipated to experience the highest CAGR growth over the course of the projected period. This expansion can be ascribed to the many benefits these devices provide, including improved accuracy and precision. During the projected period, the robotic polishing machine with the workpiece segment is anticipated to expand at a sizable CAGR. This expansion can be ascribed to the many benefits these devices provide, including improved accuracy and precision.
The Most Popular Application Segment in Automotive
Depending on their intended usage, robotic polishing machines can be categorised into the automotive, electronics, hardware & tool, household, and other markets. The automotive segment is predicted to grow at the highest CAGR over the projection period. This growth can be attributed to the increased demand for goods with higher quality and precision within the automotive industry. The electronics market is predicted to grow at a sizable CAGR over the projection period. This development can be attributed to the growing customer demand for higher-quality electrical products.
North American region to render Adequate Financing Avenues
North America is predicted to be the region with the largest market during the projection period. A number of factors, including the presence of sizable competitors in the region and increased demand from the electronics and automotive industries, can be attributed to this expansion. South America is predicted to be the second-largest market for robotic polishing machines over the projection period. Aspects like the developing car sectors in Brazil and Argentina help to explain this expansion. The Asia Pacific region is expected to experience the fastest growth in the market for robotic polishing machines over the course of the forecast period. This growth can be attributed to factors such as the developing electronics and auto industries in China, India, and Japan.
COVID-19 Impact and Market Status
The COVID-19 pandemic's propagation has had a substantial effect on the market for robotic polishing equipment. The market is expected to grow at a slower rate during the projection period. The pandemic is expected to hinder the market growth for robotic polishing machines since it has negatively impacted the electronics and automotive sectors. The home goods and hardware & tool sectors are also expected to be affected by the pandemic. However, it is projected that the market would recover in 2021 and resume its pre-pandemic growth rate by 2022.
Latest Innovations in the Global Robotic Polishing Machine Market: A Snapshot
• FANUC Corporation introduced the FANUC CNC I HMI for polishing machine in January 2019. This item is employed in the 3D printing industry and offers quick, reliable outcomes with high levels of accuracy.
• Hanwha Machinery Co., Ltd. introduced the "Hanwha X1-P," a 5-axis CNC tool grinding machine, in February 2019. The production of end mills, drills, taps, and reamers is the purpose of this equipment.
• The "Jot A5" automated finishing system for flat surfaces was introduced by Jot Automation Oy in April 2019. This machine employs a number of finishing techniques, including polishing, buffing, brushing, and sanding.
• ABB debuted the "ABB irb 8700" in May of this year, a 7-axis collaborative robot created for material handling tasks like loading, unloading, and packing.
Robotic Polishing Machine Market Scope
|Revenue forecast in 2031
|USD 1.2 billion
|CAGR of 7.3% during 2021-2031
|by Type, by Application, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Robert Bosch GmbH (Germany), Denso Corporation (Japan), Fanuc Corporation (Japan), Yaskawa Motoman Robotics Division (US), ABB Ltd. (Switzerland), Kawasaki Heavy Industries, Ltd. (Japan), Nachi-Fujikoshi Corp. (Japan), Mitsubishi Electric Corporation (Japan), and Universal Robots A/S (Denmark)
Key Segment of Global Robotic Polishing Machine Market
By Type Overview ($ Billion)
• Robotic Polishing Machine with Polishing Tools
• Robotic Polishing Machine with Workpiece
By Application Overview ($ Billion)
• Hardware & Tool
• Household Products
By Region Overview ($ Billion)
• Rest of Asia Pacific
• Rest of North America
• Rest of Europe
Middle East and Africa