The global foundry and forging robots market size reached US$ 275.4 million in 2023. The market is projected to reach US$ 475.0 million by 2032, exhibiting a growth rate (CAGR) of 6.25% during 2023-2032. The escalating demand to produce premium quality products involving lower operational costs, the rising complexity of numerous foundry and forge applications, and the increasing adoption of the six-sigma in manufacturing processes represent some of the key factors driving the market
Foundry is a type of factory where metal castings are made from a variety of metals while forging refers to a manufacturing process of giving desired shapes to the heated metal by using compressive forces. Forging and foundry robots refer to the technology that automates entire forging processes and thus increases productivity, availability of products, and efficiency. These robots are made to operate in hot and dangerous conditions so they can tolerate heat, pollution, and noise. Robots are specifically designed to endure exposure to toxic chemicals, high pressure environments, and dust, and do the job precisely. As it is a physically challenging job in a harsh environment, it is less desirable for human operation. Using these robots provides several advantages, such as a reduction in operational costs, no additional expenditures on training and healthcare, and enhanced worker safety. Forging and foundry robots can perform various functions, such as die casting, gravity casting, sand casting, finishing, chemical cleaning or water cleaning, and forging.
Foundry is a type of factory where metal castings are made from a variety of metals while forging refers to a manufacturing process of giving desired shapes to the heated metal by using compressive forces. Forging and foundry robots refer to the technology that automates entire forging processes and thus increases productivity, availability of products, and efficiency. These robots are made to operate in hot and dangerous conditions so they can tolerate heat, pollution, and noise. Robots are specifically designed to endure exposure to toxic chemicals, high pressure environments, and dust, and do the job precisely. As it is a physically challenging job in a harsh environment, it is less desirable for human operation. Using these robots provides several advantages, such as a reduction in operational costs, no additional expenditures on training and healthcare, and enhanced worker safety. Forging and foundry robots can perform various functions, such as die casting, gravity casting, sand casting, finishing, chemical cleaning or water cleaning, and forging.
Foundry and Forging Robots Market Trends
The escalating demand to produce premium quality products involving lower operational costs, particularly in the developing economies, is a significant factor driving the market growth. This can be attributed to the rapid industrialization resulting in the growing need for metal components. In line with this, with continual technological advancements, the complexity of numerous foundry and forge applications is increasing, which, in turn, is providing an impetus to the market. Additionally, numerous product innovations, such as responsive software programming, integration of artificial intelligence (AI), and flexible positioning and point precision, are creating lucrative growth opportunities in the market. Besides this, the increasing adoption of the six-sigma in the production process in various manufacturing facilities is resulting in a higher product uptake in industrial operations. However, the high cost associated with the installation and maintenance of foundry and forging robots is a major factor that is hindering the growth of the market. Conversely, fierce competition among the foundry operators on the production cost of ferrous and non-ferrous metal castings, leading to the augmenting demand for heavy-duty and heat-resistant robots, is fueling the market. Some of the other factors contributing to the market include rapid industrialization, inflating disposable income levels, considerable growth in the semiconductor industry and extensive research and development (R&D) activities.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global foundry and forging robots market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on type and application.Type Insights
- Electric Drive Robots
- Hydraulic Robots
- Others
Application Insights
- Automotive Industry
- Metal Foundry Industry
- Semiconductor Foundry Industry
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global foundry and forging robots market. Detailed profiles of all major companies have also been provided. Some of the companies covered include ABB Ltd., BGR NEO Limited (BGR Group), Difacto Robotics and Automation Pvt. Ltd., Fanuc America Corporation (FANUC Corporation), irobotics GmbH, Kawasaki Heavy Industries Ltd., Kruger Industrieautomation GmbH, KUKA AG, Yaskawa America Inc. (Yaskawa Electric Corporation), etc.Key Questions Answered in This Report:
- How has the global foundry and forging robots market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global foundry and forging robots market?
- What are the key regional markets?
- Which countries represent the most attractive foundry and forging robots markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the competitive structure of the global foundry and forging robots market?
- Who are the key players/companies in the global foundry and forging robots market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Foundry and Forging Robots Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ABB Ltd.
- BGR NEO Limited (BGR Group)
- Difacto Robotics and Automation Pvt. Ltd.
- Fanuc America Corporation (FANUC Corporation)
- irobotics GmbH
- Kawasaki Heavy Industries Ltd.
- Kruger Industrieautomation GmbH
- KUKA AG
- Yaskawa America Inc. (Yaskawa Electric Corporation)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 275.4 Million |
| Forecasted Market Value ( USD | $ 475 Million |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
