Robotic Cutting, Deburring, and Finishing Market Size, Share, Growth 2028

Robotic Cutting, Deburring, and Finishing Industry Prospective

The Robotic Cutting, Deburring, and Finishing Market was worth around USD 789.2 million in 2021 and is estimated to grow to about USD 1,566.1 million by 2028, with a compound annual growth rate (CAGR) of approximately 12.1 percent over the forecast period.

The report analyzes the Robotic Cutting, Deburring, and Finishing Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Robotic Cutting, Deburring, and Finishing Market.

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Robotic Cutting, Deburring, and Finishing Market: Overview

Manufacturing industries eventually began to see the long-term financial and operational advantages of cutting, deburring, and finishing robots over traditional machinery and began to incorporate these robots into their production facilities. The global robotic cutting, deburring, and finishing market began to gain traction as a result of its advantages over traditional cutting, deburring, and finishing instruments. The need for industrial robots is always increasing due to the manufacturing sector's need for high productivity and accuracy over the forecast period. Over traditional manufacturing and production processes, automation and artificial intelligence (AI) boost accuracy, speed, and innovation, which is propelling the market growth.

The introduction of artificial intelligence, machine learning, IIoT, and human-machine interface technology has expanded the Robotics Market with important applications in digitalization industry verticals like healthcare, logistics, manufacturing, defense, entertainment, and others. Growth factors such as increased concern for and development of energy-efficient drive systems, as well as intense competition among industrial verticals to shift toward sophisticated technology and automation, are primarily driving the Robotics Market Growth.

Covid-19 Impact

Due to lockdowns, travel bans, and company closures caused by the COVID-19 outbreak, numerous countries' economies and industries have suffered. As a result of the outbreak, the global food and beverage industry is one of the primary businesses experiencing severe disruptions like supply chain disruptions, technology event cancellations, and office closures. When manufacturing hubs were shut down for an extended length of time, it had a significant influence on the robotics market. This variable has a direct impact on the value chain hub.

However, to the shutdown, raw material supplies were delayed, affecting production and delivery to industrial verticals. China is the world manufacturing hub, with the major raw material suppliers present. Since China is the epicenter of the pandemic, it has had an impact on the global industrial sector. However, in the future days, the market will see a surge in demand as the use of robotic solutions expands in industrial sectors such as the automobile industry. During the post-pandemic phase, the market will gain a good growth rate and recover the loss with higher demand.

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Robotic Cutting, Deburring, and Finishing Market: Growth

Robotic Cutting, Deburring, and Finishing Market: Driver

The electronics sector is undergoing a period of continuous innovation and sophistication. Due to the trend toward smaller, lighter, and slimmer electronic goods such as smartphones and tablets, the structure of microchips in electronic devices is getting more compact. Components like as integrated circuits, diodes, transistors, and resistors are becoming shrunk at an increasing rate and cannot be accurately perceived with the naked human eye. Since the increased demand for smartphones, gaming consoles, and wearable devices, the electronics industry is expecting greater growth during the projection period. According to the leading electronic component makers, economies of scale and smart factory deployment have considerably reduced production costs.

Robotic Cutting, Deburring, and Finishing Market: Restraint

With the increased usage of robotics, the demand for human labor will reduce significantly as it provides greater accuracy and precision. The increasing usage of CNC machines, as well as the possibility of job loss, are projected to halt the growth of this business in the next years. Technical complexity and greater starting cost price are two market restrictions. These are having a negative effect on market growth. Robot development in R&D necessitates the use of numerous sensors such as gesture, motion, and voice recognition sensors. Since most products are pricey, finding materials at a reasonable price is difficult.

Robotic Cutting, Deburring, and Finishing Market: Report Scope

Robotic Cutting, Deburring, and Finishing Market: Segmentation

The Robotic Cutting, Deburring, and Finishing Market are segregated based on Type, and Applications.

By Applications, the market is classified into Automotive Industry, Metal Industry, Electronics Industry, and Others. During the manufacturing process, automotive assembly lines include industrial robots for a variety of functions including assembly, material handling, material removal, and welding. Cutting, deburring, and finishing robots have enabled the automobile industry to improve the precision of their old manufacturing processes, allowing them to be transformed into more efficient manufacturing methods.

By Type, the market is classified into 6-Axis and 7-Axis, 3-Axis to 5-Axis. The 6-Axis and 7-Axis are expected to dominate the market in the forecast period. As their range of motion is almost equivalent to that of a human arm, six-axis robots are the industry standard for robotic automation. However, as robots have improved, so has the complexity of applications, prompting some manufacturers to automate using high-DOF robots, primarily seven-axis models.

Recent Developments

• In 2021, Kuka AG unveiled the first version of its new operating system, iiQKA.OS, which will greatly simplify robot use. This new operating system serves as the foundation for a whole ecosystem, offering a diverse range of programs, components, apps, equipment, and services.
• In 2021, Kawasaki Heavy Industries, Ltd. announced the completion of the installation of Japan's indigenous automated PCR testing (Polymerase Chain Reaction) system at Fujita Health University in Aichi, using Kawasaki robots.

Robotic Cutting, Deburring, and Finishing Market: Regional Landscape

The Asia Pacific is estimated to be dominant in the global market in the forecast period. The rising population and disposable income of individuals boost consumption of consumer goods and other products, resulting in increased production capacity and market size. As the region's population ages, government institutions in the region intend to rely increasingly on robots than on humans.

The North American Region was an early supporter of industrial robots because of modest manufacturing expansion and industrial automation. The leading country, the United States, is at the top due to a higher rate of robot adoption. The North American regional market is expanding as a result of the rising deployment of robots in industrial and domestic settings. The region's regional market is being driven by the advanced expansion and development of cutting-edge robotics technology.

Robotic Cutting, Deburring, and Finishing Market: Competitive Landscape

Some of the main competitors dominating the Robotic Cutting, Deburring, and Finishing Market include -

• ABB
• FANUC
• Kawasaki Heavy Industries
• KUKA
• Yaskawa Motorman
• ARCOS
• ATI Industrial Automation
• Fastems
• Genesis Sytems
• Romheld Automation
• DAIHEN Corporation
• DENSO Robotics
• Staubli International AG
• Universal Robots
• Comau

The robotic Cutting, Deburring, and Finishing Market is segmented as follows:

By Type

• 6-Axis and 7-Axis
• 3-Axis to 5-Axis

By Applications

• Automotive Industry
• Metal Industry
• Electronics Industry
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa