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: 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
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Year
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Company name/investor
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Type of project
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Detail
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2016
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TSMC
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Greenfield
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Construction of 300 mm fab in Nanjing at an estimated cost of USD 3
billion.
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2016
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Silex Microsystems
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Greenfield
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Construction of a 200 mm MEMS fab in Beijing.
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2016
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Powerchip Technology
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Greenfield
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Construction of a 300 mm fab to build LCD drivers in Hefei.
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2016
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Qualcomm
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Greenfield
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Construction of a chip manufacturing plant with foundry at an
estimated cost of USD 280 million in Guizhou, China.
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2015
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Samsung
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Greenfield
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Construction of a semiconductor manufacturing plant with dedicated
foundry at an estimated cost of USD 9.2 billion in South Korea.
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Note: % of investment will go toward the adoption of robotic
solutions, including foundry and forging robots.
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Source: Technavio
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Ask for a sample of this report: http://goo.gl/vOcdiO
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:
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Lower crude oil prices
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Lower interest rates
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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:
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ABB
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FANUC
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KUKA
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OMRON Adept Technologies
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Yaskawa Electric
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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.
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