According to the latest market research study by Technavio, the global vacuum generator market for industrial robots is expected to grow at a CAGR of close to 8% during the forecast period 2017 to 2021.
This market research report by Technavio provides an in-depth analysis of the global vacuum generator market for industrial robots in terms of revenue and emerging market trends. The market research report also includes a competitive vendor analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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The top three revenue contributing end-user segments are discussed below
Automotive: In the automotive industry, vacuum generators are used by the robots for the manufacture and assembly of automotive components. Therefore, the growth of the automobile industry is likely to drive the demand for vacuum generators. The global automotive industry has grown significantly over the past five years. The growth can be due to the rising demand for lightweight vehicles, which is expected to upsurge in every region.
“On a global scale, the growth in the production of lightweight vehicles is expected to create additional demand for precisely cut and assembled metal sheets and components. The rising demand for metal sheets will create a potential demand for robots, which, in turn, will drive the demand for vacuum generators in the industrial robotics industry,” says Gaurav Mohindu, a lead analyst at Technavio for research on unit operations.
Machine shops: Large-scale production activities are common at the machine shop level; hence, machine shops account for the second-largest share of the global vacuum generator market for industrial robots. The growth in industrial production is expected to lead to the establishment of new shop machine or the expansion of existing shop capacities. Such expansion of shops is expected to propel the demand for the manufacturing robots market, which, in turn, will also drive the demand for the vacuum generator market for industrial robots.
Aerospace and defense: Rising regional tensions and the need for advanced weaponry will drive the growth of this segment. Defense spending in BRICS nations (Brazil, Russia, India, China, South Africa), is expected to continue growing as economic and territorial rivalries with neighboring countries intensify. Besides, the need for modernization of aging fleets has been driving the demand in the aerospace industry, which will, in turn, fuel the demand for vacuum generators for industrial robots.
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The top vendors operating in the global vacuum generator market for industrial robots are:
- Festo
- Parker Hannifin
- Schmalz
- SMC
The other prominent vendors in the market include A.M.C. Vacuum Solutions, Air-Vac Engineering, COVAL, DESTACO, EXAIR, Gast Manufacturing, Gardner Denver Thomas, HITOP Automation Machinery, Mazda, Piab, Provoast Automation Controls, Tuthill, Unijet Pneumatics, VACGEN, Vacuforce, and YUEQING BETRE AUTOMATION.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Vacuum Generator Market for Industrial Robots 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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