3 minute read
Grinding robots market size to grow
from AMT JUN/JUL 2022
by AMTIL
Grinding robots market size to grow by AUD$74m by 2026
The latest grinding robots market report by Technavio infers that the advantages of grinding robots over CNC machines is driving this market's growth, resulting in market growth of the equivalent of A$74m from 2021 to 2026.
The grinding robots market is fragmented and the vendors are deploying growth strategies such as technological innovations to compete in the market. 3M Corp., ABB Ltd., Accord Corp., Acme Manufacturing, Danbach Robot Jiangxi Inc., Daru Technology Suzhou Co. Ltd., Epica International Inc., FANUC Corp., Force Robots, Heinz Berger Maschinenfabrik GmbH and Co. KG, Kawasaki Heavy Industries Ltd., MESH Automation Inc., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., PushCorp Inc., Reichmann and Sohn GmbH, Seiko Epson Corp., Teqram BV, and Yaskawa Electric Corp., among others, are some of the few key vendors competing to maintain their market position in the market, at least in the European and US markets. In the manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods. The advantages of grinding robots over CNC machines is notably driving the grinding robots market growth, although factors such as preference for CNC grinding machines among SMEs may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the grinding robots industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge. Key Grinding Robots Market Driver
One of the key factors driving the global grinding robots market growth is the advantages of grinding robots over CNC machines. This includes the relatively lower investment costs, ergonomic benefits due to the smaller footprint of robots, and the ability for grinding robots to carry out other preceding and subsequent multiple applications such as material handling. These robots ensure remunerative ROI and quick payback, as they help in increasing throughput and material yield and reducing labor costs, waste, and cleanup. Apart from these, in CNC grinding machines, there are additional indirect costs associated with a decline in productivity due to operator fatigue and strain injuries, which can cost up to US$20,000. End-users desirous of improvements in production efficiency are increasingly investing in grinding robots as their deployment reduces the number of rejected parts. Such factors will further support the market growth in the forecast period. Key Grinding Robots Market Trend
Advances in force control sensor technologies is one of the key grinding robots market trends that is expected to impact the industry positively in the forecast period. Improvements in grinding robots will include the use of enhanced force control sensors so that the robot slows down to prevent the breaking of the material removal tool and then repositions itself to take off smaller amounts of material automatically in order to maintain the surface finish. For instance, 6D force-torque sensors are increasingly being used to ensure that a defined contact force is maintained between the robot and its environment during any movement. This will further support the market growth in the coming years.
Key Grinding Robots Market Challenge
One of the key challenges to the global grinding robots market growth is the preference for CNC grinding machines among SMEs. Although grinding robots have several advantages over CNC grinding machines, their adoption by small and medium enterprises (SMEs) is relatively low due to the high deployment cost of robots and the budget constraints that SMEs face. The market will see a major threat of substitution from CNC grinding machines owing to the factors such as the low need for programming and specialized maintenance skills, high level of stiffness and rigidity that provide more accurate results, and faster cycle times. The preference given to CNC grinding machines, coupled with the low awareness of grinding robots, will pose a challenge to the market growth during the forecast period.
