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NEW YORK, April 15, 2022 /PRNewswire/ — The latest grinding robots market report by Technavio infers that the advantages of grinding robots over CNC machines is driving this market’s growth, resulting in market growth of USD 51.97 million from 2021 to 2026.
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Vendor Landscape and Scope
The grinding robots market is fragmented and the vendors are deploying growth strategies such as technological innovations to compete in the market. 3M Corp., ABB Ltd., Accord Corp., Acme Manufacturing, Danbach Robot Jiangxi Inc., Daru Technology Suzhou Co. Ltd., Epica International Inc., FANUC Corp., Force Robots, Heinz Berger Maschinenfabrik GmbH and Co. KG, Kawasaki Heavy Industries Ltd., MESH Automation Inc., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., PushCorp Inc., Reichmann and Sohn GmbH, Seiko Epson Corp., Teqram BV, and Yaskawa Electric Corp., among others, are some of the few key vendors competing to maintain their market position in the market.
The report also covers the following areas:
View more about the market’s vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
- Segmentation by End-user:
- Automotive:
- The automotive segment will contribute largely to the overall market growth during the forecast period.
- The growth is attributed to a rise in the adoption of industrial robots in smart factories to ensure a reduction in production cycles.
- Metals and machinery
- Aerospace and defense
- Others
- Segmentation by Solution:
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Regional Market Outlook
APAC will contribute to 56% of the market growth during the forecast period. The growth of this region can be attributed to favorable government legislation and investments. If we look at the country-wise market growth, China and Japan will contribute to the highest market growth.
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