The paint process automation industry is predicted to grow at a CAGR of 11.7% by 2030 due to the benefits it provides, increased production, cost savings, enhanced safety, and reduced waste. The industry was valued at $3.34 billion in 2020 and is projected to reach $9.22 billion by 2030. The rise in popularity is attributed to the use of robots to achieve accurate and consistent paint finish quality, which outweighs the drawbacks of manual painting methods. However, high installation cost and integration of advanced technologies with paint processes could hinder market growth. The hardware segment was the highest contributor to the market in 2020, largely due to high production costs and a higher adoption rate of automation in manufacturing facilities. The interior segment had a significant share in the market due to its ability to produce precise and high-quality results for intricate parts. The major key players in the global Paint Process Automation Market include China, which holds a significant market share.
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