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Foundry and Forging Robots Market by Type (Electric Drive Robots, Hydraulic Robots, and Others), Application (Automotive Industry, Metal Foundry Industry, Semiconductor Foundry Industry, and Others), and Region 2024-2032

January 2024 | 140 pages | ID: FBFDDC0E1593EN
IMARC Group

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The global foundry and forging robots market size reached US$ 275.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 475.0 Million by 2032, exhibiting a growth rate (CAGR) of 6.06% during 2024-2032. 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 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:
IMARC Group 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 2024-2032. Our report has categorized the market based on type and application.

Type Insights

Electric Drive Robots
Hydraulic Robots
Others

The report has provided a detailed breakup and analysis of the foundry and forging robots market based on the type. This includes electric drive robots, hydraulic robots, and others. According to the report, electric drive robots represented the largest segment.

Application Insights

Automotive Industry
Metal Foundry Industry
Semiconductor Foundry Industry
Others

A detailed breakup and analysis of the foundry and forging robots market based on the application has also been provided in the report. This includes automotive industry, metal foundry industry, semiconductor foundry industry, and others. According to the report, metal foundry industry accounted for the largest market share.

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

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for foundry and forging robots. Some of the factors driving the North America foundry and forging robots market include fierce competition among the key players on the production cost of ferrous and non-ferrous metal castings, numerous product innovations, rapid industrialization, etc.

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?
1 PREFACE


2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY


4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL FOUNDRY AND FORGING ROBOTS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Electric Drive Robots
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Hydraulic Robots
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Others
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Automotive Industry
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Metal Foundry Industry
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Semiconductor Foundry Industry
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1 North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2 Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3 Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4 Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5 Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 DRIVERS, RESTRAINTS, AND OPPORTUNITIES

9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities

10 VALUE CHAIN ANALYSIS


11 PORTERS FIVE FORCES ANALYSIS

11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 PRICE ANALYSIS


13 COMPETITIVE LANDSCAPE

13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
  13.3.1 ABB Ltd.
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
    13.3.1.3 Financials
    13.3.1.4 SWOT Analysis
  13.3.2 BGR NEO Limited (BGR Group)
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
  13.3.3 Difacto Robotics and Automation Pvt. Ltd.
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
  13.3.4 Fanuc America Corporation (FANUC Corporation)
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
  13.3.5 irobotics GmbH
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
  13.3.6 Kawasaki Heavy Industries Ltd.
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
    13.3.6.3 Financials
    13.3.6.4 SWOT Analysis
  13.3.7 Kruger Industrieautomation GmbH
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
  13.3.8 KUKA AG
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
    13.3.8.3 Financials
    13.3.8.4 SWOT Analysis
  13.3.9 Yaskawa America Inc. (Yaskawa Electric Corporation)
    13.3.9.1 Company Overview
    13.3.9.2 Product Portfolio


LIST OF TABLES

Table 1: Global: Foundry and Forging Robots Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Foundry and Forging Robots Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Foundry and Forging Robots Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Foundry and Forging Robots Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Foundry and Forging Robots Market: Competitive Structure
Table 6: Global: Foundry and Forging Robots Market: Key Players

LIST OF FIGURES

Figure 1: Global: Foundry and Forging Robots Market: Major Drivers and Challenges
Figure 2: Global: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Foundry and Forging Robots Market: Breakup by Type (in %), 2023
Figure 5: Global: Foundry and Forging Robots Market: Breakup by Application (in %), 2023
Figure 6: Global: Foundry and Forging Robots Market: Breakup by Region (in %), 2023
Figure 7: Global: Foundry and Forging Robots (Electric Drive Robots) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Foundry and Forging Robots (Electric Drive Robots) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Foundry and Forging Robots (Hydraulic Robots.) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Foundry and Forging Robots (Hydraulic Robots.) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Foundry and Forging Robots (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Foundry and Forging Robots (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Foundry and Forging Robots (Automotive Industry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Foundry and Forging Robots (Automotive Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Foundry and Forging Robots (Metal Foundry Industry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Foundry and Forging Robots (Metal Foundry Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Foundry and Forging Robots (Semiconductor Foundry Industry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Foundry and Forging Robots (Semiconductor Foundry Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Foundry and Forging Robots (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Foundry and Forging Robots (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: North America: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: North America: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: United States: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: United States: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Canada: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Canada: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Asia-Pacific: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Asia-Pacific: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: China: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: China: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Japan: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Japan: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: India: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: India: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: South Korea: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: South Korea: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Australia: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Australia: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Indonesia: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Indonesia: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Others: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Others: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Europe: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Europe: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Germany: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Germany: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: France: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: France: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: United Kingdom: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: United Kingdom: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Italy: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Italy: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Spain: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Spain: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Russia: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Russia: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Others: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Others: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Latin America: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Latin America: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Brazil: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Brazil: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Mexico: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Mexico: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Others: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Others: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Middle East and Africa: Foundry and Forging Robots Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Middle East and Africa: Foundry and Forging Robots Market: Breakup by Country (in %), 2023
Figure 69: Middle East and Africa: Foundry and Forging Robots Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Global: Foundry and Forging Robots Industry: Drivers, Restraints, and Opportunities
Figure 71: Global: Foundry and Forging Robots Industry: Value Chain Analysis
Figure 72: Global: Foundry and Forging Robots Industry: Porter's Five Forces Analysis


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