Painting Robots Market Analysis,Segments, Leading Player, Application & Forecast 2021 to 2031

The global painting robots market is expected to grow 8.3% year on year (YoY) to US$ 2.9 billion in 2021. According to the study, demand for robotic arms will rise at an 8.8% CAGR between 2021 and 2031, boosting the growth of the painting robots market.

Between 2021 and 2031, overall sales of painting robots will increase at a CAGR of 10.1%. Through 2031, East Asia and Europe are expected to account for more than half of global demand for painting robots.

The painting robots market is expected to account for nearly 7% of the global industrial robots industry in 2021, owing to high demand in the United States, Germany, and Japan.

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Painting Robots Market – Sales in 2016 to 2020 Vs Projections for 2021 to 2031

Between 2016 and 2020, the global painting robots market size expanded at a CAGR of over 2.4%. The robots market is complicated, with a wide range of possibilities. Organizations are providing value to the market by focusing on certain end applications, supplying various types of robots, modules, subsystems, tools, or providing services.

Dedicated supply chains, design services, and research and development organizations have seamlessly worked over the years to provide optimum solutions to end-users. An important step in analysing the potential for robotics and painting robot technology is to provide a consistent categorisation of the potential in each type of market.

Key Market Segments Covered

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