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The global gantry industrial robots market size is expected to exhibit strong growth by reaching USD 5.17 billion in 2029. Fortune Business Insights™ in its report titled “Gantry Industrial Robots Market Size, Share & COVID-19 Impact Analysis, By Type (1-Axis, 2-Axis, 3-Axis, 4-Axis, & Others), By Application (Handling, Palletizing, Welding & Others), By Industry (Packaging, Automotive, Pharmaceuticals, Food & Beverage, Semiconductors & Electronics, Heavy Engineering Machinery, Aerospace & Railway, & Others), and Regional Forecast, 2022-2029” observes that the market size in 2021 stood at USD 2.53 billion and is expected to reach USD 2.76 billion in 2022 registering a CAGR of 9.4% during the forecast period. The increasing applications of robots and exponential investments by automotive players and venture capitalists are expected to propel market development.
Yaskawa Electric Corporation Reaches Cumulative 500,000 Units Shipment to Boost Annual Revenues
Yaskawa Electric Corporation reached a cumulative 500,000 units’ shipment for its MOTOMAN-L10 in March 2021. It is the company’s first all-electric industrial robot. This strategy may enable the company to boost its annual revenues.
Manufacturing Restraints to Impede Market Development amid COVID-19
This market is expected to be negatively affected during the COVID-19 pandemic because of manufacturing restraints. The sudden spike in COVID patients and the imposition of strict government norms are expected to propel market development. Furthermore, the restrictions on transport lead to the lack of raw materials and resources required for raw material production. However, the adoption of reduced capacities, automation production techniques, and part-time shifts may allow manufacturers to recover costs and balance costs.
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Ongoing Automation and Continued Innovations to Augment Industry Development
Swift delivery and production of customized components are likely to foster gantry industrial robots demand. Automation, accuracy, and precision are expected to enhance output consistencies. Further, industrial robots enable manufacturers to continue production and boost accuracy and precision. The rising adoption of automated production techniques is expected to attract significant demand for industrial robots. Also, the reduction of machine complexities and the adoption of intelligent systems in automation may propel industry growth. These factors may drive the gantry industrial robots market growth.
Companies Announce New Software to Boost Brand Image
The prominent companies operating in the market announce novel software to enhance product quality and boost brand image. For example, KUKA AG unveiled its iiQKA.OS in April 2021. It offers a new ecosystem and provides access to various equipment, services, apps, programs, and components. This factor may enable companies to boost gantry industrial robots’ adoption. Furthermore, adopting research and development, acquisitions, mergers, partnerships, and expansion strategies may enable manufacturers to boost their market position and annual revenues.
Industry Development
List of Key Players Profiled in this Market Report
Further Findings
Table of Segmentation:
ATTRIBUTE | DETAILS |
Study Period | 2018-2029 |
Base Year | 2021 |
Estimated Year | 2022 |
Forecast Period | 2022-2029 |
Historical Period | 2018-2020 |
Unit | Value (USD billion) |
Segmentation | Type, Application, Industry, Region |
By Type |
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By Application |
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By Industry |
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By Region |
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