About Metal Forming and Press Tending Robots
Metal forming robots perform processes in which flat sheets or metal rods are reshaped by pressing the material beyond its yield strength. On the other hand, press tending robots are used for applications such as part infeed, transfer and racking of press lines.
Technavio’s analysts forecast the global metal forming and press tending robots market to grow at a CAGR of 7.63% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global metal forming and press tending robots market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Metal Forming and Press Tending Robots Market 2018-2022
Technavio recognizes the following companies as the key players in the global metal forming and press tending robots market: ABB, FANUC, Kawasaki Heavy Industries, Midea Group, and Yaskawa Electric.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is improvement in robotic system integration services. Several key vendors are increasingly offering software solutions to improve the commissioning and programming of industrial robots and the efficiency of press tending robots. For instance, vendors inducing Yaskawa offers Advanced PP Customization SDK and ABB offers StampWare, StampSynchro, and StampMaster.”
According to the report, one driver in the market is advantages over automated equipment. Over the years there has been an increase in the adoption of metal forming and press tending robots due to their ability to work under demanding conditions and give relatively better results than automated equipment used for metal forming and press tending applications.
Further, the report states that one challenge in the market is high cost of deployment. Metal forming and press tending robots involve the use of sensors, software, and advanced technologies, which makes their prices considerably high, thus requiring large initial one-time payment.
ABB, FANUC, Kawasaki Heavy Industries, Midea Group, and Yaskawa Electric.