29 April 2019 - Global Metal
Casting Robots Market is anticipated to witness an exponential growth in
the forecast period. Metal casting robots render work-related protection.
Metals are used in different forms. Metal castings are required to mold metals
into varied sizes and shapes as per the requirements. Heavy equipment and
transportation account for most of the molding products.
The
factors that propel the growth of the market include advantages over
conventional metal casting methods, technological advancement to lessen the
incorporation of metal casting robots, increased preference for metal casting
robots, and increasing acceptance of X-ray casting defect recognition rises
productivity.
On
the other hand, there are factors that may hamper the growth of the market including
high initial investment, and high energy consuming technology rises overall
manufacturing costs. Metal casting robots market is anticipated to expand at a
significant CAGR of 14% in the upcoming period as the scope, product types, and
its applications are increasing across the globe.
The
advantage over traditional metal casting producers is an emerging trend in the
market. The technological innovations ease the integration of metal casting
robots. Besides, technical inventions do ease integration of metal casting
robots through several methods such as off-line programming, virtual
commissioning and simulation.
Metal
casting robots market could be explored by type, application, and geography.
Market could be explored by type as Fully Automatic and Semi-Automatic. The
“Fully Automatic” segment led the market in 2017 and will continue to lead in
the forecast period. The key application that could be explored in the market
include Automobile Industry, Metal Casting, Aerospace, Semiconductor and Other.
APAC
accounted for the major share of the market in 2017 and will continue to lead
in the forecast period. The factors that could be attributed to growth include
the presence of power, construction, chemicals, oil and gas, and other
manufacturing segments, and technological advancement in the region.
Some
of the key players that fuel the growth of the metal casting robots market
comprise Berkshire Hathaway (Precision Castparts), Alcoa, Dynacast, Buhler,
TOSHIBA MACHINE and ThyssenKrupp. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
Market Segment:
The following manufacturers are covered
in this report:
•
ABB
•
FANUC
•
Fiat Chrysler Automobiles
•
Midea
•
Yaskawa Electric
Metal Casting Robots Breakdown Data by
Type
•
Semi-Automatic
•
Fully Automatic
Metal Casting Robots Breakdown Data by
Application
•
Metal Casting
•
Automobile Industry
•
Semiconductor
•
Aerospace
•
Other
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