Press release
Global Welding Robot Market Expected to Witness a Sustainable Growth over 2023
Welding robot is a kind of industrial robot used in welding processes, where two materials are fused together through heating, intermixing, and then cooling the materials to form a strong join. Welding robot is automated and it can help increasing efficiencies & consistencies. Welding robot is widely used in automotive industry, equipment, machinery industry, and ship industry, etc.
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Global Welding Robot Market: Forecast by Type / Application / Region
In the last five years, welding robot industry has got a rapid development. The production of welding robot is increasing faster every day. During this time, China has been the largest market of welding robot, superseded Japan.
In another hand, the low robot density in China indicated the huge potential market of welding robot. Now, some companies like KUKA, ABB, Panasonic and Yaskawa have built plants in China to produce welding robots. They are trying to grab the market before the domestic manufacturers getting into an investment.
In China, the biggest manufacturing is Siasun in Shenyang, but their production is relatively little compared with these foreign producers. So welding robots consumers in China have to import products from foreign manufacturers.
Over the next five years, LPI(LP Information) projects that Welding Robot will register a 9.1% CAGR in terms of revenue, reach US$ 10900 million by 2023, from US$ 7080 million in 2017.
Global Welding Robot Market: Key Players
FANUC
ABB
Yaskawa
KUKA
OTC
Kawasaki
Panasonic
NACHI
Comau
Hyundai
ClOOS
REIS
STUAA
IGM
Siasun
GSK CNC
Effort
STEP Electric
PeiTian
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Related Information:
United States Welding Robot Market Research Report 2018
Europe Welding Robot Market Research Report 2018
North America Welding Robot Market Research Report 2018
Asia-Pacific Welding Robot Market Research Report 2018
China Welding Robot Market Research Report 2018
EMEA Welding Robot Market Research Report 2018
Global Welding Robot Market Research Report 2018
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