Robotic Welding Market size was valued at US$ 11.4 Billion in 2020 and the total Robotic Welding revenue is expected to grow at 7.7% through 2021 to 2027, reaching nearly US$ 19.16 Billion.
Robotic welding automates the welding process by utilizing robots that execute and supervise the welding process based on software that can be customized to meet the needs of the project. Welders continue to supervise and monitor robotic welding, a more advanced variant of mechanized welding in which machinery does the welding. Robotic technology allows for more precise and efficient results, as well as less waste and increased safety.
Introduction of Robotic Welding market:
Each and every insight presented in the report was published by an expert group of Stellar Market Research, which is derived from primary interviews with top officials from leading companies in the domain concerned. The report’s secondary data research methodology includes deep online and offline research and discussion with expert professionals and analysts in the Robotic Welding industry. In the report, Robotic Welding market reports, industry trends have been explained on the macro level, which is expected to help to find an outline market landscape and probable future issues.
Robotic Welding Market Overview:
The SMR Robotic Welding Market report examines the upstream, midstream, and downstream industries' historical and projected growth. The market study goes into detail about the overall market size, overall revenue, and market segmentation. The SMR research thoroughly considers a variety of factors, including current market competition, potential growth barriers, and profiles of key manufacturers, as well as production and consumption by relevant areas.
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Robotic Welding Market Key players:
FANUC Corporation (Japan)
YASKAWA Electric Corporation (Japan)
KUKA AG (Germany)
ABB (Switzerland)
Kawasaki Heavy Industries, Ltd. (Japan)
Panasonic Corporation (Japan)
DAIHEN Corporation (Japan)
NACHI-FUJIKOSHI CORP. (Japan)
Comau S.p.A. (Italy)
Hyundai Robotics (South Korea)
Denso Corporation (Japan)
Siasun Robot & Automation Co Ltd (China)
Robotic Welding Market Drivers:
Numerous end-user enterprises, including automobiles and mass transit, materials and industrial equipment, electrical engineering, and aeronautics, have begun to incorporate Industry 4.0 principles into their production methods in order to reap the benefits of increased productivity, adaptability, and security, as well as improved performance, reduced consumables, and lower operating costs. Industry 4.0 completely automates manufacturing processes with little to no human intervention.
Robotic Welding Market Segmentation:
The arc welding segment of the robotic welding market is expected to grow at a CAGR of 4.6% during the forecast period. Arc welding robots take up less space and require less maintenance. They offer improved welding precision and lower labor costs. Furthermore, for load-bearing applications, high-payload arc welding robots are mostly used in the automotive and transportation, engineering, metallurgy, and machinery industries.
Prime Reasons to purchase a Robotic Welding Market report:
The goal of the Robotic Welding market report is to help consumers to gain more information and a clearer understanding of the industry. The Robotic Welding market growth analysis includes development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status for international markets.
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Mar 03, 2023