Fort Collins, Colorado, Nov. 23, 2023 (GLOBE NEWSWIRE) -- According to DataHorizzon Research, The Dispensing Robot Market size was valued at USD 5,195.3 Million in 2022 and is expected to reach a market size of USD 8,320.1 Million by 2032 at a CAGR of 5.4%.
The use of adhesive dispensing robots in the automotive industry drives market growth. Technological advancements have developed newer adhesives that exhibit superior joining and withstanding abilities. Epoxy, urethane, acrylic, silicone, and rubber are the five main chemistries used in industrial applications, each with pros and cons.
The automotive industry is increasingly using adhesives instead of screws, nuts, and welding for assembling components. Adhesives offer comparable bonding strength, seamless surface finish, and reduced production time. Pressure-sensitive adhesives are used for installing car logos and trims, while epoxy adhesives replace welding for joining structural elements.
Adhesives are crucial in the electronics industry due to device miniaturization. Multi-function adhesives, such as thermally conductive and electrically insulating film adhesives, help reduce assembly weight. Adhesive dispensing robots are popular for precise dispensing, reducing wastage, and speeding up production. This trend is expected to drive the adoption of dispensing robots in various industries.
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Segmentation Overview:
The global dispensing robot market has been segmented into product, application, and region. Benchtop dispensing robots dominate market growth, especially in the automotive and healthcare sectors. Automotive applications hold the majority of the share in this segment, followed by electronics applications.
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Dispensing Robot Market Report Highlights:
- The global dispensing robot market growth is anticipated at a CAGR of 5.4% by 2032.
- As manufacturing and labor practices evolve, dispensing robots are quickly gaining popularity. Not only do they increase efficiency and productivity, but they also provide a safer work environment for employees. With advanced safety features and precise dispensing capabilities, these robots can help businesses meet their production goals while prioritizing their workers' well-being.
- Asia Pacific region leads by holding around 49% of revenue share. The region is expected to continue its dominance in the market during the forecast period due to its focus on technological innovation and cost-effective manufacturing processes.
- Some prominent players in the dispensing robot market report include TM Robotics, INTERTRONICS, Nordson Corporation, FISNAR, Musashi Engineering, Inc., SAEJONG IND, JANOME SEWING MACHINE CO., LTD., Banseok, Henkel (China) Investment Co. Ltd., Rampf, and ALUTEC GROUP among others.
Industry Trends and Insights:
- Techman Robot will showcase its new TM AI Cobot TM25S at Metalex 2023.
- Nordson Corporation has appointed a new segment leader to succeed a retiring executive.
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Dispensing Robot Market Segmentation:
By Product: Benchtop Robots, 3 Axis Robots, 4 Axis Robots
By Application: Electronics, Automotive, Chemicals, Healthcare & Pharmaceuticals, Industry & Manufacturing, Food & Beverages, Others
By Region: North America, Latin America, Europe, Asia Pacific, the Middle East and Africa.
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DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
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