Foundry and Forging Robots Market Trends and Growth, Analysis and Overview

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Foundry and Forging Robots Market Share, Size, Emerging Trends
and Growth, Analysis, Overview and Forecasts 2016-2020
Technavio Announces the Publication of its Research Report – Global Foundry and Forging Robots
Market 2016-2020
Technavio recognizes the following companies as the key players in the global foundry and forging
robots market: ABB, FANUC, KUKA, OMRON Adept Technologies, and Yaskawa Electric.
Other Prominent Vendors in the market are: Alfa Robot, Arburg, Engel, Epson Robotics, Hans
Hundegger, Harmo, iRobot, Kawasaki Heavy Industries, Nachi-Fujikoshi, Sepro Robotique, Staubli
Robotics, TecnoMatic Robots, Wittman, and Yamaha Robotics.
Commenting on the report, an analyst from Technavio’ s team said: “Demand for multipurpose robotic
systems will be a key trend for the growth of global industrial robots market. The requirement and
demand of multipurpose robots can improve the future of the global industrial robots market. At
present, end-users are seeking efficient devices that can execute numerous variable functions. A
multipurpose robot in an industrial setting should be capable of welding, machine tending, assembling,
packaging, dispensing, material handling, and material removing, which are essential for the company.
End-users are also widely adopting inspection robots that can perform error-proofing and regulate
assembly process. The deployment of multipurpose robots improves production, reduces overall
expenditure, and ensures efficiency.”
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According to the report, one of the key drivers for market growth will be launching EU initiatives.
Horizon 2020, launched in December 2013, is the largest EU research and innovation program, which is
worth $88.68 billion. The investment is made by European leaders and the members of the European
Parliament for seven years (2014-2020). Robotics has been acknowledged as the key resources that can
secure an edge over the global market.
Further, the report states that high competition from metal 3D printers has perpetuated its use and
hence it will be a challenge for the market. Metal 3D printer is a new technology that is gaining foothold
in metal and automotive industries, which is mainly used for prototyping and tooling. The demand for
metals has perpetuated growth in the foundry and forging applications. However, manufacturers such
as Ricoh are heavily investing in 3D printing technology, which could eventually cause stiff competition
to the foundry and forging applications. Technologies used for 3D metal printing include laser and metal
powder bed fusion, which are used for metals and alloys such as aluminum, copper, steel, brass, bronze,
gold, titanium, gold, and sterling silver to name a few.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Foundry Robots
Foundry robots are revolutionizing foundry operations due to their ability to enhance productivity with
high speed and efficiency with minimal wastage. Metal casting, automobile, and semiconductor
foundries are the three main industries in which foundry robots play a major role in operations. The
metal cast foundry contributes the largest market share. Metal casts of ferrous and nonferrous metals
are an indispensable part of almost all major industries like power, automotive, and construction to
name a few.
Technavio’ s analysts forecast the global foundry and forging robots market to grow at a CAGR of 7.01%
during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global foundry and forging
robots market for 2016-2020. The report also presents the vendor landscape and a corresponding
detailed analysis of the top five vendors operating in the market.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
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Technavio's report, Global Foundry and Forging Robots Market 2016-2020, has been prepared based on
an in-depth market analysis with inputs from industry experts. The report covers the market landscape
and its growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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Technavio recognizes the following companies as the key players in the global foundry and forging robots market: ABB, FANUC, KUKA, OMRON Adept Technologies, and Yaskawa Electric.