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.
Robotic Welding Market Report Scope and Research Methodology
The Competitive landscape provides growth strategies adopted by the suppliers in the Robotic Welding industry. The news covered in this section provides valuable thoughts at various levels while keeping up-to-date with the business and captivating stakeholders in the economic conflict. The competitive scenario in the Robotic Welding market report represents news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected for the Robotic Welding report help suppliers understand the loopholes in the marketplace and competitors’ strength and weakness thereby, providing insights to upgrade product and service. It provides the idea of its revenue generation into the overall Robotic Welding market compared to other vendors in the space. It provides insights into how players are performing in terms of revenue generation and customer base compared to others.
Robotic Welding Market Report Overview
Stellar Market Research provides a comprehensive analysis of Robotic Welding Market to provide a current snapshot of the market to understand its feature in an optimized way. The Robotic Welding market report presents market characteristics in terms of accumulation, segmentation, dominance, and combination traits. The report provides a Robotic Welding market overview by standard topics which are highlighted with customized data according to the necessity. This overview helps in decisions on how to approach the market and understand the context of the Robotic Welding industry.
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 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 Regional Insights
North America: U.S., Canada
Europe: U.K., Germany, Rest of Europe
Asia-Pacific: China, Japan, Rest of Asia Pacific
Latin America: Brazil, Mexico, Rest of Latin America
Middle East and Africa: GCC, Rest of MEA
Market size and forecast for these regional and country-level markets are presented in this Robotic Welding market report for the period 2020-2029.
Robotic Welding Market Segmentation:
During the forecast period, the arc welding segment of the robotic welding market is expected to grow at a CAGR of 4.6%. 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.
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