24 Market Reports provides a complete data analysis of Global Sealing and Dispensing Robots Sales Market Report 2017 with Market value, Sales, Price, Industry Analysis and Forecast with the help of Industry Experts.
Data Bridge Market Research analyses the fluid dispensing equipment market will exhibit a CAGR of 6.30% for the forecast period of 2022-2029 and is expected to reach the USD 13.84 billion by 2029. https://www.databridgemarketresearch.com/reports/global-fluid-dispensing-equipment-market
Fluid dispensing equipment market will reach an estimated valuation of USD 12.25 billion by 2027, while registering this growth at a rate of 5.8% for the forecast period of 2020 to 2027. Fluid dispensing equipment market report analyses the growth, which is currently being owed to the increasing demand in semiconductor packaging and circuit assembly.
Automotive manufacturing industry is one of largest industries which shares more than 49% demand of automotive robotics globally. It is one of the very first industries which adopted the concept of automated robots whole heartedly for the manufacturing process. General Motors was the first company to implement automated robots for car manufacturing in 1962. Robotic systems in automotive industry are used to assist various manufacturing processes such as welding, painting, dispensing, material handling among others. Rising demands for automobiles globally made the manufacturers to shift towards automotive robotics in manufacturing as the conventional methods are inappropriate to meet present demand.
Growing automobile sales across the globe and to meet the global demand, automotive industries are adopting automotive robots to increase their production.
Global sales of automotive vehicles is increasing every year with a healthy rate, now manufacturers are looking for technological advanced solutions to increase the production as well as to minimize the overall production cost. Abovementioned needs of automotive industry is driving the growth of Asia-Pacific automotive robotics market.
The global automotive robotics market is expected to grow at a CAGR exceeding 11% over the forecast period (2016 - 2024). The industry is expected to surpass USD 16 billion by 2024. Demand for vehicles like cars, trucks, off-road vehicles, busses, and two wheelers is a key factor driving the industry.
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