Market Overview:
The global milling robots market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for milling robots from various end-use industries, such as automotive, electronic electrical, metal, medicine, rubber and plastics, food and others. In addition, the growing adoption of milling robots across various regions is also contributing to the growth of this market. However, high installation and maintenance costs are restraining the growth of this market to some extent. On basis of type, 4-axis segment held major share in global milling robot market in 2017 and is projected to grow at highest CAGR during forecast period owing its low cost as compared with other types segments such as 5-axis 6-axis 7-axis etc., moreover it has wide range application areas which include automotive industry ,electronic electrical industry ,metal working etc .Whereas on basis of application medical segment accounted for largest share in 2017 due its huge potential applications across globe followed by food & beverage sector .
Product Definition:
A milling robot is a computer-controlled machine that performs various tasks such as machining, cutting, and drilling using metal tools. It is an industrial robot used for manufacturing products with high precision.
4-axis:
4-axis milling machines are used to cut four sides of a workpiece at the same time. The fourth side can be Orthogonal, Vertical or Horizontal. 4-axis milling robots use this technology and are capable to produce high quality parts with accuracy and speed.
The market is expected to grow at a CAGR of XX% from 2018 - 2025 owing to increasing demand for automation in manufacturing processes along with rising adoption in small and medium enterprises across the globe.
5-axis:
5-axis milling is a process in which the workpiece is moved vertically and laterally along with respect to the machine tool's spindle. In other words, it's a technique of cutting material where the work piece can be moved in any direction instead of only vertical movement like normal milling machines do. This ability to move the work piece in multiple directions makes 5-axis mills better suited for complex parts with many surfaces that need machining.
Application Insights:
The application segment is bifurcated into automotive, electronic, metal, medicine, rubber and plastics and food. In 2017, the automotive segment dominated the global market with a revenue share of over 60%. The growth can be attributed to increasing demand for milling robots in various applications such as body panel repair/refinishing; paint preparation; interior/exterior component manufacturing; die casting; metal working; plastic molding and tool making.
In terms of revenue, the food industry was one of the prominent segments in 2017. Milling machines are used to produce components ranging from simple ingredients like salt or sugar to more complex ones like vitamins or supplements. They are also used for producing animal feed additives which help improve livestock health by providing essential nutrients required for their bodies during digestion process along with additional benefits such as increased weight gain among animals due to better nutrition provided through additives manufactured using robotics technology.
Regional Analysis:
Asia Pacific dominated the global milling robots market in 2016 with a revenue share of over 35%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing demand for automation and rising labor costs in China, Japan, and India. Moreover, Asia Pacific has been witnessing strong economic growth since 2010 which has led to an increase in manufacturing activities across various industries including automotive, electronics, food processing etc., thereby driving regional growth.
The European market is anticipated to grow at a significant rate during the forecast period owing to growing investments by companies for implementing automated systems across their production facilities. Furthermore, Europe’s largest robot manufacturer KUKA AG announced that it will expand its presence in Europe by opening offices and research & development centers focusing on autonomous drilling technology as well as mobile robots with vision technologies such as LiDAR and cameras among others.
Growth Factors:
- Increasing demand for automation in the food industry to improve efficiency and reduce costs
- Rising labor costs in developed countries
- Growing demand from small- and medium-sized enterprises (SMEs)
- Increasing use of robots for non-food applications such as packaging, labeling, and palletizing
- Advances in robotics technology that make milling robots more affordable and easier to operate
Scope Of The Report
Report Attributes
Report Details
Report Title
Milling Robots Market Research Report
By Type
4-axis, 5-axis, 6-axis, 7-axis, Other
By Application
Automotive, Electronic Electrical, Metal, Medicine, Rubber and Plastics, Food, Other
By Companies
FANUC (Japan), KUKA (China), ABB (Switzerland), Yaskawa Motoman (Japan), Nachi (Japan), Staubli (Switzerland), OTC Daihen (Japan), Mitsubishi Electric (Japan), Universal Robots (Denmark)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Milling Robots Market Report Segments:
The global Milling Robots market is segmented on the basis of:
Types
4-axis, 5-axis, 6-axis, 7-axis, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Electronic Electrical, Metal, Medicine, Rubber and Plastics, Food, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- FANUC (Japan)
- KUKA (China)
- ABB (Switzerland)
- Yaskawa Motoman (Japan)
- Nachi (Japan)
- Staubli (Switzerland)
- OTC Daihen (Japan)
- Mitsubishi Electric (Japan)
- Universal Robots (Denmark)
Highlights of The Milling Robots Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 4-axis
- 5-axis
- 6-axis
- 7-axis
- Other
- By Application:
- Automotive
- Electronic Electrical
- Metal
- Medicine, Rubber and Plastics
- Food
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Milling Robots Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Milling robots are machines that use a rotating cutting head to mill materials. They are used in industries such as automotive, aerospace, and medical equipment.
Some of the key players operating in the milling robots market are FANUC (Japan), KUKA (China), ABB (Switzerland), Yaskawa Motoman (Japan), Nachi (Japan), Staubli (Switzerland), OTC Daihen (Japan), Mitsubishi Electric (Japan), Universal Robots (Denmark).
The milling robots market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Milling Robots Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Milling Robots Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Milling Robots Market - Supply Chain
4.5. Global Milling Robots Market Forecast
4.5.1. Milling Robots Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Milling Robots Market Size (000 Units) and Y-o-Y Growth
4.5.3. Milling Robots Market Absolute $ Opportunity
5. Global Milling Robots Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Milling Robots Market Size and Volume Forecast by Type
5.3.1. 4-axis
5.3.2. 5-axis
5.3.3. 6-axis
5.3.4. 7-axis
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Milling Robots Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Milling Robots Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Electronic Electrical
6.3.3. Metal
6.3.4. Medicine, Rubber and Plastics
6.3.5. Food
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Milling Robots Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Milling Robots Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Milling Robots Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Milling Robots Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Milling Robots Demand Share Forecast, 2019-2026
9. North America Milling Robots Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Milling Robots Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Milling Robots Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Electronic Electrical
9.4.3. Metal
9.4.4. Medicine, Rubber and Plastics
9.4.5. Food
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Milling Robots Market Size and Volume Forecast by Type
9.7.1. 4-axis
9.7.2. 5-axis
9.7.3. 6-axis
9.7.4. 7-axis
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Milling Robots Demand Share Forecast, 2019-2026
10. Latin America Milling Robots Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Milling Robots Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Milling Robots Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Electronic Electrical
10.4.3. Metal
10.4.4. Medicine, Rubber and Plastics
10.4.5. Food
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Milling Robots Market Size and Volume Forecast by Type
10.7.1. 4-axis
10.7.2. 5-axis
10.7.3. 6-axis
10.7.4. 7-axis
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Milling Robots Demand Share Forecast, 2019-2026
11. Europe Milling Robots Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Milling Robots Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Milling Robots Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Electronic Electrical
11.4.3. Metal
11.4.4. Medicine, Rubber and Plastics
11.4.5. Food
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Milling Robots Market Size and Volume Forecast by Type
11.7.1. 4-axis
11.7.2. 5-axis
11.7.3. 6-axis
11.7.4. 7-axis
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Milling Robots Demand Share, 2019-2026
12. Asia Pacific Milling Robots Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Milling Robots Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Milling Robots Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Electronic Electrical
12.4.3. Metal
12.4.4. Medicine, Rubber and Plastics
12.4.5. Food
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Milling Robots Market Size and Volume Forecast by Type
12.7.1. 4-axis
12.7.2. 5-axis
12.7.3. 6-axis
12.7.4. 7-axis
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Milling Robots Demand Share, 2019-2026
13. Middle East & Africa Milling Robots Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Milling Robots Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Milling Robots Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Electronic Electrical
13.4.3. Metal
13.4.4. Medicine, Rubber and Plastics
13.4.5. Food
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Milling Robots Market Size and Volume Forecast by Type
13.7.1. 4-axis
13.7.2. 5-axis
13.7.3. 6-axis
13.7.4. 7-axis
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Milling Robots Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Milling Robots Market: Market Share Analysis
14.2. Milling Robots Distributors and Customers
14.3. Milling Robots Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. FANUC (Japan)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KUKA (China)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ABB (Switzerland)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yaskawa Motoman (Japan)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nachi (Japan)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Staubli (Switzerland)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. OTC Daihen (Japan)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mitsubishi Electric (Japan)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Universal Robots (Denmark)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
