Robotic Welding Market Overview:
A research team conducted extensive primary and secondary research for the global Robotic Welding market analysis. Secondary research was carried out to supplement existing data, segment the market, calculate total market size, and forecast market size and growth rate.
Robotic welding has grown essential in metal and heavy sectors, particularly in the automobile industry, which uses spot and laser welding, due to its time-saving advantages and high output. It’s useful for short welds with curvatures and repetitive, consistent actions that don’t necessitate periodic welding process adjustments and alterations. The robot may also be used for long weldings, such as in the shipyard sector, thanks to additional dimensions. Despite robotic welding being most commonly utilized in mass manufacturing, where productivity and volume are critical, programs may be tailored to meet any requirement, and robots can be used for shorter and even one-off manufacturing while remaining cost-effective.
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Robotic Welding Market Scope:
The study employs PESTLE analysis to evaluate the benefits and drawbacks of major market participants. To forecast the market and provide investment advice, the researcher carefully examines the Robotic Welding market’s size, share, trend, total profit, total revenue, and profit margin. Market changes are advised by subject-matter experts.
In addition to data on capacity and production, price and cost information, company profiles, product images, specifications, and contact information, the report includes information on the major market participants. The Robotic Welding market is examined for trends, size, and value at the global, regional, and corporate levels in this report. This study examines the global market for Robotic Welding using historical data and future projections.
Robotic Welding Market Segmentation:
In 2020, the market for robotic welding was dominated by payloads greater than 150 kg. During the forecast period, a CAGR of 5.6% is anticipated. This category is expanding as a result of increased demand for high-payload arc and spot welding robots in the transportation, metallurgy, and architectural industries. These industries are the primary end-users of welding robots with payloads higher than 150 kg due to the deployment of these machines in the aerospace and automotive sectors for the welding of large panels. Furthermore, the market for robotic welding with payloads greater than 150kg is expanding due to the rising demand for automobiles.
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Robotic Welding Market Key players:
- 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)
COVID-19 Impact on Robotic Welding market:
The Robotic Welding market has been significantly impacted by the COVID-19 outbreak. The development of Robotic Welding production facilities has been halted due to the global economic downturn and a labour shortage. COVID-19 pandemic has resulted in a significant and long-term decrease in production utilisation. Additionally, travel restrictions and facility closures have hampered staff visits, limiting the Robotic Welding market’s growth in 2020. However, given the high demand for Robotic Welding, COVID-19’s market effects are expected to be transitory. The industry is expected to recover completely by early 2021.
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