Global Paint Process Automation Market (2021 to 2030) – Featuring ABB, CMA Robotics and Graco Among Others – ResearchAndMarkets.com – Business Wire

DUBLIN--(BUSINESS WIRE)--The "Paint Process Automation Market by Offering, Purpose and Vertical and Type: Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global paint process automation market size was valued at $3.34 billion in 2020, and is projected to reach $9.22 billion by 2030, registering a CAGR of 11.7% from 2021 to 2030.

Paint process automation is an advanced method of industrial painting processes. It includes usage of high-end machines and robots. It helps users to increase competitiveness, product quality, and workman safety.

Some of the prime drivers of the paint process automation industry are consistent painting results, cost-effective painting processes, and ability to meet industry-specific needs. These factors are estimated to propel the market growth rapidly during the forecast period. However, high installation cost acts as a major barrier for the paint process automation market growth. Contradictory, integration of advanced technologies with paint processes and its ability to meet sustainable goals create lucrative opportunities for the market growth during the forecast period.

The paint process automation market is segmented into offering, purpose, vertical, type, and region. On the basis of offering, it is fragmented into hardware, software, and services. The hardware is further sub-segmented into robots, controllers, atomizers, and others. The robot is again segmented into 4-axis, 6-axis, 7-axis, and others. Based on purpose, the market is segregated into interior and exterior. By vertical, the market is divided into automotive, aviation, agriculture, textile, furniture, pharmaceutical, electronics, construction, and others. By type, the market is divided into floor-mounted systems, wall-mounted systems, rail-mounted systems, and others. Region-wise, paint process automation market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Market Dynamics

Drivers

Restraint

Opportunities

Key Players

For more information about this report visit https://www.researchandmarkets.com/r/xm1eto

See the original post:

Global Paint Process Automation Market (2021 to 2030) - Featuring ABB, CMA Robotics and Graco Among Others - ResearchAndMarkets.com - Business Wire