world robotic welding market measurement is projected to attain $10,784.4 million by 2026, rising at a CAGR of 8.7% from 2019 to 2026.
PORTLAND, OREGON, UNITED STATES, October 13, 2023 /EINPresswire.com/ — The robotic welding market has witnessed important development over the previous decade, owing to rise in benefits of robotic welding corresponding to sturdiness and robotics applied sciences. Furthermore, improve in penetration of IoT and funding within the automotive {industry} are anticipated to drive the expansion of the worldwide market. Quite a few gamers are increasing their enterprise in Asia-Pacific, owing to elevated buyer base, enhanced efficient operations, developed product portfolios, and expanded geographical attain.
That is anticipated to gas the demand for welding robots, thereby augmenting the expansion of the robotic welding market. Moreover, by end-user, the automotive & transportation phase is anticipated to expertise fast improve in demand due to components corresponding to sooner manufacturing, and discount in defects & materials waste.
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The report offers an in depth evaluation of the present and rising robotic welding market developments and dynamics.
Relying on kind, the spot-welding phase dominated the market, in phrases of income in 2018 and the arc welding phase is projected to develop at a CAGR 9.2% throughout the forecast interval.
By end-user, the automotive and transportation phase led the robotic welding market in 2018.
Asia-Pacific is projected to register the very best development charge within the coming years.
Key market gamers throughout the robotic welding market are profiled on this report, and their methods are analyzed totally, which assist to perceive the aggressive outlook of the robotic welding {industry}.
The report offers an in depth evaluation of the robotic welding market developments and rising alternatives of market.
In-depth robotic welding market evaluation is carried out by establishing estimations for the important thing segments between 2018 and 2026.
The worldwide robotic welding market forecast evaluation from 2018 to 2026 is included within the report.
Robotic welding is a course of that makes use of robots to automate the welding course of in industrial manufacturing. This course of is turning into more and more well-liked due to its means to cut back labor prices, improve manufacturing pace, and enhance the standard of welds. world robotic welding market measurement was valued at $5,450.5 million in 2018, and is projected to attain $10,784.4 million by 2026, rising at a CAGR of 8.7% from 2019 to 2026. This development is pushed by the rising demand for automated welding processes and the necessity to cut back labor prices.
COMPETITION ANALYSIS
The important thing market gamers profiled within the robotic welding market report embody ABB, Ltd., DAIHEN Company, Denso Company, Fanuc Company, Kawasaki Heavy Industries, Ltd., KUKA AG, Nachi-Fujikoshi Corp., Panasonic Company, Siasun Robotic & Automation Co Ltd., and Yaskawa Electrical Company.
Market dynamics
Speedy development in automation demand coupled with discount of duties on refurbished items in Asia-Pacific, gas the robotic welding market development. The important thing issue accelerating the robotics welding market is rising industrialization across the globe. Electronics is a key space for penetration of robotics welding and is witnessing development at an rising charge.
The robotic welding market is anticipated to be pushed by development in adoption of welding robots within the automotive & metallic {industry}, and improve in development in robotics applied sciences. Key market gamers in robotic welding market purpose to discover new applied sciences and merchandise to meet the rise in buyer calls for. Product launch and enterprise enlargement are anticipated to allow them to develop their product portfolios and penetrate into completely different areas.
Rising economies present profitable alternatives to market gamers for development and enlargement. As an example, in March 2017, Fanuc Company launched Arc Mate 100iD welding robotic. It helps a number of clever features corresponding to built-in imaginative and prescient methods just like the Fanuc-developed iRVision system. Sensors and components corresponding to further seam monitoring sensors, cameras, and gripping units are additionally appropriate with the brand new robotic.
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Segmental Overview
Asia-Pacific dominated the worldwide market in 2018, in phrases of income, accounting for round 58.2% share within the world robotic welding market, adopted by Europe. Based mostly on kind, the spot welding is largest phase in 2018, owing to improve in its utilization presently within the rising automotive sectors.
Based mostly on finish consumer, the automotive & transportation phase accounted for the very best share within the general world market in 2018. Nevertheless, unsure uncooked materials costs are anticipated to restrain the expansion of the market.
The main gamers corresponding to Yaskawa Electrical Company, Fanuc Company, and DAIHEN Company within the world robotic welding {industry} are specializing in growing new merchandise to strengthen their presence available in the market. Furthermore, these firms develop their enterprise to maintain the extraordinary competitors. As an example, in June 2019, Yaskawa Electrical Company launched Common Weldcom interface for arc welding. It permits simple management of any weld course of or parameter, together with voltage, amperage, and wire feed pace by means of a widespread consumer interface.
The Key Gamers
Many gamers have adopted product improvement and enlargement as its key developmental methods to enhance its product portfolio. As an example, in September 2017, KUKA AG introduced its plan to make investments greater than $100 million for the enlargement and modernization of its Augsburg headquarters. The brand new building has a two-level manufacturing corridor, a coaching middle, an workplace tower, and a new parking storage.
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