NEW YORK, Nov. 8, 2021 /PRNewswire/ — The “Metal Forming and Press Tending Robots Market – Competitive Analysis, Five Force Analysis” report has been added to Technavio’s offering. The metal forming and press tending robots market is set to grow by USD 112.73 million, progressing at a CAGR of  8.18% as per the latest report by Technavio.

For Insights on Metal Forming and Press Tending Robots Market – Download a free sample now!

Market Dynamics

The market is driven by factors such as the advantages over automated equipment, increasing safety requirements, and technological advances. However, the high cost of deployment is hindering market growth.

Company Profiles

The metal forming and press tending robots market report include information on the product launches, sustainability, and prospects of leading vendors including ABB Ltd., Comau Spa, DENSO Corp., Durr AG, FANUC Corp., Kawasaki Heavy Industries Ltd., KUKA AG, MIDEA GROUP, Mitsubishi Electric Corp., and Yaskawa Electric Corp.

Some Companies Mentioned with Key Offerings –

• ABB Ltd. –The company offers metal foaming and press tending robots under the brand name IRB 140, IRB 1600, and more.
• Comau Spa –The company offers metal foaming and press tending robots under the brand name Racer-5-0.80, Rebel-S6-0.60, and more.
• DENSO Corp. –The company offers metal foaming and press tending robots under the brand name VS-6556/6577, VM-6083/60B1, and more.

Competitive Analysis

The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

• By End-user, the market is classified into Metal Industry, Automotive Industry, Aerospace and Defense, and Others. The metal forming and press tending robots market share growth by the metal industry segment will be significant.
• By Geography, the market is classified as APAC, Europe, North America, South America, and MEA. APAC will have the largest share of the market.

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SOURCE Technavio