August 1, 2016 - 2:04 PM EDT
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APAC Will Remain the Fastest Growing Market in the Global Foundry and Forging Robots Market Until 2020, Reports Technavio

The global foundry and forging robots market is expected to grow at a CAGR of more than 7% during the forecast period, according to Technavio’s latest report.

In this report, Technavio covers the market outlook and 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.

Technavio’s industrial automation researchers segment the global foundry and forging robots market into the following regions:

  • APAC
  • Americas
  • EMEA

APAC: largest foundry and forging robots market

The foundry and forging robots market in APAC was valued at USD 934 million in 2015 and is expected to reach USD 1.4 billion by 2020, growing at a CAGR of 8.4%.

In March 2016, the Chinese government released a new economic strategy called the Five Year Plan to improve China’s annual growth by at least 6.5% and double the per capita income by 2020. It has identified the semiconductor industry as a key area for investment and development. “APAC’s semiconductor industry is experiencing high investments, enhancing semiconductor production and meeting the ever-growing needs of the electronics and automotive industries in the region. A part of these investments will be spent on the implementation of automation and robotics solutions, including foundry and forging robots,” says Bharath Kanniappan, a lead analyst at Technavio for research on robotics.

Some of the key semiconductor foundry investment in APAC

Year     Company name/investor     Type of project     Detail
2016     TSMC     Greenfield     Construction of 300 mm fab in Nanjing at an estimated cost of USD 3 billion.
2016     Silex Microsystems     Greenfield     Construction of a 200 mm MEMS fab in Beijing.
2016     Powerchip Technology     Greenfield     Construction of a 300 mm fab to build LCD drivers in Hefei.
2016     Qualcomm     Greenfield     Construction of a chip manufacturing plant with foundry at an estimated cost of USD 280 million in Guizhou, China.
2015     Samsung     Greenfield     Construction of a semiconductor manufacturing plant with dedicated foundry at an estimated cost of USD 9.2 billion in South Korea.

Note: % of investment will go toward the adoption of robotic solutions, including foundry and forging robots.


Source: Technavio

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Foundry and forging robots market in Americas

The foundry and forging robots market in the Americas was valued at USD 606.6 million in 2015 and this is expected to reach USD 821.2 million by 2020, growing at a CAGR of 6.25%.

“The Americas is experiencing increased construction and expansion projects. There are few capacity expansion projects and new facilities being established. In July 2015, Alcoa acquired RTI International Metals, which will complement Alcoa's titanium products. In addition, Fisker plans to open its new factory in South California,” says Bharath.

The report further states that favorable legislature, breakthrough technologies, and M&A are the key factors driving growth of foundry and forging robots market in the Americas.

In mid-2015, ABB inaugurated its first US robot manufacturing plant in Auburn Hills, US. As the US is one of ABB's largest industrial robot markets, the new plant is set to cater to the demand for robotic solutions in the US, Canada, and Mexico. The plant is set to produce industrial robots, which will find a wide variety of applications, including foundry and forging applications.

Universal Robots has noted that foundry operations such as dyeing, casting, molding, machine tending, and polishing are some of the most frequently used robotic applications, especially in the semiconductor, metal, and automotive foundries. In early 2016, the company announced plans to open three new offices and hire more staff to tap the growing US market.

Foundry and forging robots market in EMEA

Europe is slowly recovering from the ongoing Euro crisis, excluding Italy and France, which registered only a slight improvement in GDP in 2015. The reasons slated for this ongoing recovery are as follows:

  • Lower crude oil prices
  • Lower interest rates
  • Depreciation of Euro

The above-mentioned factors have enabled slow recovery of major industries due to increase in investments directed toward upgrading of existing facilities with new technologies such as foundry and forging robots.

The foundry and forging robots market in EMEA was valued at USD 484.1 million in 2015 and this is expected to reach USD 620.5 million by 2020, growing at a CAGR of 5.09%.

The top vendors in the global foundry and forging robots market highlighted in the report are:

  • ABB
  • KUKA
  • OMRON Adept Technologies
  • Yaskawa Electric

Browse Related Reports:

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770

Source: Business Wire (August 1, 2016 - 2:04 PM EDT)

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