Published on: May 2022
Driving forward the international metal casting robots market
Modern foundries are constantly looking for ways to improve productivity, flexibility, and workplace safety. The use of robots makes it much easier to maintain a competitive advantage in the industry by delivering essential productivity. The rise of robot-based automation in the metal foundry industry, which helps to maximise productivity, is driving the growth of the metal casting robots market.
What is the key reason for the increased market share of the metal casting robots market?
A major growth driver for the metal casting robots market is the higher payload capacity of the robots, which aids in the optimization of cycle times as compared to the traditional method of metal casting. As a result, advancements in technological innovation to reduce the time required to integrate a metal casting robot, as well as a wide range of application-specific options, are expected to stimulate the growing demand for metal casting robots over the forecast period. In addition, functions such as degating and material removal, pouring molten aluminium into moulds, and removing and degating castings are expected to boost metal casting robot demand in the coming years. This, in turn, is expected to have a favourable impact on the metal casting robots market over the forecast period.
The ups and downs of the metal casting robots market
Despite a number of driving factors, the metal casting robots market is predicted to contract and fluctuate in growth rate due to the fact that metal casting robots are only capable of casting softer materials and metals. One of the primary restraints for the metal casting robots industry is the level of accuracy required while cutting the comparatively harder material. Exposed robot drives are difficult to protect from dust and liquids, and hence act as a stumbling block to the increased use of metal casting robots. Lower production costs and scrap rates, as well as an increase in uptime and quality, are just a few of the compelling advantages of robots, which are likely to be important prospects for the metal casting robots market.
Market segmentation of the Metal Casting Robots industry
The metal casting robots market has been split by casting type, end use industry, and geography in order to conduct in-depth study. The metal casting robots market has been divided into four categories based on the casting type: sand casting, die casting, gravity casting, and lost foam casting. The metal casting robots market has been split into five segments based on end use industries: automotive, metal foundry, semiconductor, telecom, and aerospace & defence. In addition, this research includes a cross-functional examination of all of the above-mentioned segments across various areas, including Europe, North America, Asia Pacific, the Middle East and Africa, and South America. In terms of casting type, die casting is predicted to have the biggest market share over the projection period. In the case of die casting, achieving a consistent cycle time through automation is pushing the market. The APAC region is the key driver of the global metal casting robots market. The APAC region's market is being driven by a significant increase in expenditure on metal casting robot adoption in countries such as China, Japan, and India.
Key players in the market are as follows
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