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. Robots can access previously inaccessible areas and perform more complex and precise weld patterns and joints in less time than hand welding. This increases adaptability and frees up time for manufacturing.
Robotic Welding Market Report Scope and Research Methodology
The aim of the Robotic Welding Market report is to provide the current and future market scenario. demand, income generation and sales and revenue have been provided in the Robotic Welding market report. The division of the market into various segments and sub-segments helps clients to know about different growth components that are likely to be similar across the Robotic Welding industry. The top players in the Robotic Welding industry including market leaders, new entrants and followers are also included in the report. The Robotic Welding market study provides unique guidance in thoughtful details regarding the development factors and has used a top-down and bottom-up approach to keep it error-free and accurate. SMR’s Robotic Welding market report is the result of a study that used various methodologies such as the PESTLE, PORTER, and SWOT analysis. The use of these methodologies provides the knowledge of strengths and weaknesses along with the macro and micro economic factors in the Robotic Welding market.
Robotic Welding Market Report Overview:
The report provides insights about Robotic Welding Market key players along with a thorough analysis of their growth strategies, financial information and capacity, geographical presence, and product portfolio. The report provides fundamental dynamics of the Robotic Welding market, including drivers, opportunities, challenges and restraints faced by the market.
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.
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Robotic Welding Market Dynamics:
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. It may be useful in the industrial internet of things, cyber systems, web robotics, cloud technology, and big data. As a result, welding technology companies are focusing on developing interconnected, cognitive machines that are compatible with Industrial 4.0.
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 require less maintenance and take up less space. They improve welding precision while lowering labor costs. Furthermore, high-payload arc welding robots are mostly used in load-bearing applications in the automotive and transportation, engineering, metallurgy, and machinery industries.
In 2020, the payload segment greater than 150 kg held the largest share of the robotic welding market. During the forecast period, it is expected to grow at a CAGR of 5.6%. This category’s rise can be attributed to rising demand for high-payload arc and spot welding robots in the automotive and transportation, metallurgy and machinery, and architecture sectors. Due to the deployment of welding robots with payloads greater than 150 kg for welding bulky panels in the aerospace and automobile industries, these industries are the primary end-users of welding robots with payloads greater than 150 kg. Furthermore, rising vehicle demand is propelling the higher-than-150kg payload sector of the robotic welding market forward.
The automotive and transportation end-user segments dominated the robotic welding market in 2020. During the forecast period, it is expected to grow at a CAGR of 6.6%. Rising global vehicle demand is a major factor driving this segment’s expansion. Furthermore, increased human safety concerns in vehicle assembly plants are increasing demand for small, medium, and high-payload welding robots.
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)
Key Questions answered in the Robotic Welding Market Report are:
- What is Robotic Welding Market?
- Who are the top Robotic Welding Market players?
- What was the Robotic Welding Market size in 2021?
- What is the expected Robotic Welding Market size by 2029?
- What will be the CAGR of the Robotic Welding market during the forecast period?
- Which region held the largest market share in the Robotic Welding Market?
- Which regional Robotic Welding market is expected to grow at a high rate during the forecast period?
Key offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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