Robotic welding automates the welding process by utilising robots that execute and supervise the welding process based on software that may be customised to match the needs of the project. Welders continue to supervise and control robotic welding, a more advanced type of mechanised welding in which machinery executes the welding. Robotic technology allows for more precise and efficient results, as well as less waste and increased safety. Robots can access previously inaccessible regions and perform more complicated and precise weld patterns and joins in less time than manual welding. This increases versatility and frees up time for manufacturing.
Robotic Welding Market Report Scope and Research Methodology:
The Market report provides historical data as well as revenue growth estimates at the regional, and national levels, as well as a full analysis of Robotic Welding market trends in each of the key segments and their sub-segments from 2022 to 2029. The Stellar Market Research team’s major research approach is data triangulation, which includes an investigation of the impact of data variables on the Robotic Welding market, data mining, and primary (industry expert) validation. The research report covers the market’s past and present state, as well as predicted trends and size. The report provides an easy-to-understand examination of the Robotic Welding market’s intricate statistics. report. SWOT analysis was utilised to identify the strengths, weaknesses, opportunities, and threats for major players in the Robotic Welding industry, and a bottom-up technique was employed to estimate market size.
Robotic Welding Market Report Overview:
The forecast was created mostly by analysing past data and current industry trends in the Robotic Welding Market. It includes market size, share, regional analysis, dynamics, CAGR, ad future trends, making the study a guide for investors as it provides a futuristic view of the Robotic Welding Industry.
Robotic Welding Market size was valued at US$ 13.22 Billion in 2022 and the total Robotic Welding revenue is expected to grow at 7.7% through 2023 to 2029, reaching nearly US$ 22.22 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 entirely automates manufacturing processes with little to no human participation. It may be useful in the industrial internet of things, cyber systems, web robots, cloud technologies, and big data. As a result, welding technology companies are focusing on developing networked, cognitive equipment that are compatible with Industrial 4.0.
Robotic Welding Market Segmentation:
The arc welding segment of the robotic welding market is estimated to develop 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 labour costs. Furthermore, high-payload arc welding robots are generally used in load-bearing applications in the automotive and transportation, engineering, metallurgy, and machinery industries.
In 2020, the payload segment greater than 150 kg represented the biggest proportion of the robotic welding market. During the projection 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 industries. Due to the deployment of welding robots with weights greater than 150 kg for welding large 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 segment of the robotic welding market forward.
The automotive and transportation end-user segments dominated the robotic welding market in 2020. During the projection period, it is expected to grow at a CAGR of 6.6%. Rising global automobile demand is a primary factor driving this segment’s expansion. Furthermore, heightened human safety concerns in car assembly factories 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 are the Robotic Welding market segments?
Which region of the Robotic Welding market is expected to grow at a high rate during the forecast period?
What is the expected CAGR of the Robotic Welding market during the forecast period?
What are the emerging trends in the Robotic Welding market?
What are the factors restraining the Robotic Welding market growth?
Key offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by 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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