What is the Impact of the COVID-19 Crisis on the Foundry and Forging Robots Market?

Foundry and Forging Robots Market: Introduction

  • A foundry is a factory which manufactures metal castings. Various metals such as aluminum, cast iron, steel, magnesium, and zinc are used for castings. Forge is a type of hearth used for heating metals or it refers to a workplace where such a hearth is located.
  • Forging and foundry robots can withstand heat, pollution, and noise as they are designed to work in hot and hazardous environments. In addition, robots can withstand dust, exposure to chemicals, and high pressure arrays. It automates entire forging processes and thus increases productivity, availability of products, and efficiency.
  • Forging and foundry robots can perform various functions such as die casting, gravity casting, sand casting, finishing, chemical cleaning or water cleaning, and forging. In addition, flexible positioning capabilities and responsive software programming allows foundry and forging robots to be redeployed to handle different objectives for production.

Get sample copy at:  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=81515

Growing industrialization and increasing focus on quality products with low cost

  • Increasing industrialization in developing economies is creating demand for metal components. This in turn increases the demand for forging robots as it can reduce the production cost and offer high efficiency. In addition, a growing manufacturing sector in economies such as China and India is increasing the adoption of industrial robots.
  • Foundry operators are competing on the cost of production for ferrous and non-ferrous metal castings in developing economies. Therefore, adoption of heat resistant robots is increasing, which can withstand harsh environments and handle heavy work pieces.

Costs associated with installation of foundry and forging robots

The cost of installation of foundry as well as forging robots is high. The high maintenance charges, and cost of manufacturing of robots may affect the market growth in developing economies. Also, the presence of cheap labor in developing economies can impact the installation of forging and foundry robots. However, developed countries are increasingly investing in automation.

Maximum Growth to be observed in the Asia Pacific Market

  • In terms of region, the global foundry and forging robots market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
  • The foundry and forging robots market in Asia Pacific is anticipated to expand at the maximum CAGR during the forecast period.
  • This growth is attributed to a wide range of applications in automobile, and other industries, adoption of advanced technologies in countries such as Japan, Taiwan, and China, and increasing investment in automation and rising industrialization. These factors are expected to increase the demand for foundry and forging robots.
  • The foundry and forging robots market in North America and Europe is also likely to witness high growth rate due to increasing competition among players and focus on cost of production. The market in Middle East & Africa is projected to show slow growth rate.

Key Players in the Global Market

The global foundry and forging robots market was highly concentrated. Prominent players operating in the global market are focusing on product launch and technological developments to meet the growing demand.

Key players operating in the global foundry and forging robots market include:

  • Motoman
  • Fanuc
  • KUKA
  • ABB

Global Foundry and Forging Robots Market: Research Scope

Global Foundry and Forging Robots Market, by Type

  • Electric Drive Robots
  • Hydraulic Robots.
  • Others

Global Foundry and Forging Robots Market, by Application

  • Automotive Industry
  • Metal Foundry Industry
  • Semiconductor Foundry Industry
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

Purchase our Premium Research Report at:  https://www.transparencymarketresearch.com/checkout.php?rep_id=81515&ltype=S

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.


90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
Email: [email protected]
Website: https://www.transparencymarketresearch.com