Report ID: SQMIG10A2048
Report ID:
SQMIG10A2048 |
Region:
Global |
Published Date: November, 2024
Pages:
178
|
Tables:
84 |
Figures:
76
Asia-Pacific is expected to dominate the market during the forecast period owing to growing demand for robotic paint booths from automotive, aerospace and furniture industries The region, especially China, India, Japan and South Korea, has witnessed rapid technological progress. This has increased the demand for advanced manufacturing and machining solutions. Furthermore, growth in the automotive industry in China, India and Japan will fuel market expansion during the forecast period. For example, according to a report by Daxue Consulting, South Korea’s automotive sector grew by 8.5% in 2022 compared to 2021. This factor will contribute to the success of the market in the country.
North America is expected to witness substantial growth during the forecast period owing to increasing investment in automation technology and increasing growth in automotive and furniture segments in the region. These factors are fueling the demand for regarding this initiative has been significant, which will enhance the market growth of the region.
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Report ID: SQMIG10A2048