Additionally, the rising automotive sector is expected to contribute to the growth of the global robotic welding market Growth during the forecast period.Īsia-Pacific to Remain Dominant Increasing Adoption of Industry 4.0 to Aid GrowthĪmong all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the global welding robots market during the forecast period.
This is expected to favor the demand for advanced robotic welding systems across the manufacturing processes.
The adoption of automation has brought upon several advantages such as improved efficiency and accuracy, reduced uptake time, and high level of productivity. Several major industrial sectors are experiencing a paradigm shift by adopting advanced automated welding services.
The emergence of modern technology has positively affected the manufacturing sector across the globe. Increasing Adoption of Automation in Manufacturing to Promote Growth The major companies are either developing or adopting advanced industrial robots to significantly increase productivity, while reducing costs.
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He growing focus on reducing manual intervention in challenging manufacturing operations is driving the demand for advanced robotic welding machines globally. This is expected to boost the demand for automated robotic solutions in the forthcoming years. However, to bring back the economy on track, the companies are focusing on adopting automation services that have several advantages over manual labor. This has led to unprecedented economic loss across several industrial applications such as automotive, electronic, construction, and others. The lockdown imposed by several government agencies has led to the shutdown of manufacturing units owing to reduced workforce across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Robotic Welding Market Size, Share & COVID-19 Impact Analysis, By Type (Arc, Spot, MIG/TIG, Laser, Others (Plasma etc.)), By Payload Capacity (Low (6-22 kg), Medium (30-60 kg), High (80-300kg)) By Industry (Automotive, Aerospace & Defense, Construction, Mining, Railway & Shipbuilding, Electrical & Electronics, Others) and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 4.66 billion in 2019 and is likely to experience significant growth in the forthcoming years.Ĭlick here to get the short-term and long-term impact of COVID-19 on this Robotic Welding Market Report.ĬOVID-19 Surges Adoption of Automation Services across Manufacturing Industries
This is attributable to the increasing adoption of automation in the manufacturing process that propels the demand for advanced robotic welding machines across the globe. 26, 2021 (GLOBE NEWSWIRE) - The global robotic welding market size is expected to gain momentum by reaching USD 8.31 billion by 2027 while exhibiting a CAGR of 7.6% between 20. LLC (U.S.), IGM ROBOTERSYSTEME AG (Austria), Acieta LLC (U.S.), SIASUN CO., LTD. (Japan), The Lincoln Electric Company (U.S.), Miller Electric Mfg. KEY COMPANIES PROFILED IN THE MARKET: Kemppi Oy (Finland),ABB (Switzerland), Panasonic Corporation (Japan), OTC DAIHEN Inc (U.S.), FANUC Corporation (Japan), Kuka AG (Germany), Yaskawa America (United States), Fanuc (Japan), DENSO CORPORATION (Japan), Kawasaki Heavy Industries, Ltd.