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Robotic Welding Market Prediction, Strategies, Trends and SWOT Analysis 2029-2026

02-17-2020 05:56 PM CET | Industry, Real Estate & Construction

Press release from: allied market research

Robotic Welding Market Prediction, Strategies, Trends and SWOT

The emergence of Industry 4.0 rise in adoption of welding robots in the automotive industry, and surge in usage of robots to improve efficiency in welding fuel the growth of the global robotic welding market

Robotic Welding Market by Type (Spot Welding, and Arc Welding), End-User (Automotive & Transportation, Electrical & Electronics, Metals & Machinery, and Others), and Payload (Less Than 50 kg, 50-150 kg, and More Than 150 kg): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global robotic welding industry generated $5.45 billion in 2018 and is expected to reach $10.78 billion by 2026, registering a CAGR of 8.7% from 2019 to 2026.

The automotive & transportation segment to retain its lead position by 2026

Based on end-user, the automotive & transportation segment accounted for the largest market share in the global robotic welding market, contributing to more than two-fifths of the total share in 2018, and is estimated to retain its lead position during the forecast period.

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Drivers, restraints, and opportunities

Emergence of Industry 4.0 rise in adoption of welding robots in the automotive industry, and surge in usage of robots to improve efficiency in welding drive the growth of the global robotic welding market. However, high initial cost of installation for small manufacturing units hinders the market growth. On the other hand, rise in investments for research & development activities create new opportunities in the market.

Asia-Pacific to offer lucrative opportunities

Based on region, Asia-Pacific accounted for the highest market share, holding nearly three-fifths of the global robotic welding market in 2018, and is estimated to maintain its leadership status throughout the forecast period. Moreover, this region is expected to grow at the highest CAGR of 9.6% from 2019 to 2026.

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The spot-welding segment to maintain its highest share throughout the forecast period

Based on type, the spot-welding segment held nearly three-fifths of the total share of the global robotic welding market in 2018 and is expected to maintain its highest share throughout the forecast period. This is due to ease and quickness in welding provided by this type along with absence of dangerous and hazardous open flame that enables safety.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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