Robotic Welding Market is Expected to Reach $10.7 Billion by 2026

The robotic welding market has witnessed significant growth over the past decade, owing to rise in advantages of robotic welding such as durability and robotics technologies. Moreover, increase in penetration of IoT and investment in the automotive industry are expected to drive the growth of the global market. Numerous players are expanding their business in Asia-Pacific, owing to increased customer base, enhanced effective operations, developed product portfolios, and expanded geographical reach. This is anticipated to fuel the demand for welding robots, thereby augmenting the growth of the robotic welding market. Furthermore, by end-user, the automotive & transportation segment is expected to experience rapid increase in demand due to factors such as faster production, and reduction in defects & material waste.

𝘿𝙤𝙬𝙣𝙡𝙤𝙖𝙙 𝙎𝙖𝙢𝙥𝙡𝙚 𝙋𝘿𝙁 𝙉𝙤𝙬 - https://www.alliedmarketresearch.com/request-sample/6200

According to a new report published by Allied Market Research, titled, "Robotic Welding Market by Type, End User, and Payload: Global Opportunity Analysis and Industry Forecast, 2019-2026," The global robotic welding market size was valued at $5.4 billion in 2018, and is projected to reach $10.7 billion by 2026, growing at a CAGR of 8.7% from 2019 to 2026.

Rapid growth in automation demand coupled with reduction of duties on refurbished goods in Asia-Pacific, fuel the robotic welding market growth. The key factor accelerating the robotics welding market is growing industrialization around the globe. Electronics is a key area for penetration of robotics welding and is witnessing growth at an increasing rate.

The report provides an extensive analysis of the current and emerging robotic welding market trends and dynamics.

Depending on type, the spot-welding segment dominated the market, in terms of revenue in 2018 and the arc welding segment is projected to grow at a CAGR 9.2% during the forecast period.

By end-user, the automotive and transportation segment led the robotic welding market in 2018.

Asia-Pacific is projected to register the highest growth rate in the coming years.

Key market players within the robotic welding market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the robotic welding industry.

The report provides an extensive analysis of the robotic welding market trends and emerging opportunities of market.

In-depth robotic welding market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.

The global robotic welding market forecast analysis from 2018 to 2026 is included in the report.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁

Robotic welding is a process that utilizes robots to automate the welding process in industrial production. This process is becoming increasingly popular due to its ability to reduce labor costs, increase production speed, and improve the quality of welds. global robotic welding market size was valued at $5,450.5 million in 2018, and is projected to reach $10,784.4 million by 2026, growing at a CAGR of 8.7% from 2019 to 2026. This growth is driven by the increasing demand for automated welding processes and the need to reduce labor costs.

The key market players profiled in the report of robotic welding market include ABB, Ltd., DAIHEN Corporation, Denso Corporation, Fanuc Corporation, Kawasaki Heavy Industries, Ltd., KUKA AG, Nachi-Fujikoshi Corp., Panasonic Corporation, Siasun Robot & Automation Co Ltd., and Yaskawa Electric Corporation.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀

Robotic welding is used in various industries including automotive, construction, aerospace, and electronics. In the automotive industry, robotic welding is used to weld parts such as doors, roofs, and body panels. In the construction industry, robotic welding is used to construct bridges, buildings, and other structures. In the aerospace industry, robotic welding is used to join parts such as fuselage and engines. In the electronics industry, robotic welding is used to connect components such as wires and circuit boards.

Robotic welding systems are available in various forms, including arc welding robots, laser welding robots, and resistance welding robots. Arc welding robots are the most commonly used type of robotic welding system, and they are used for welding metals such as aluminum, stainless steel, and carbon steel. Laser welding robots are used for welding thin materials such as plastic and paper. Resistance welding robots are used for welding metals such as aluminum and copper.

𝙈𝙖𝙠𝙚 𝙖 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙄𝙣𝙦𝙪𝙞𝙧𝙮:- https://www.alliedmarketresearch.com/purchase-enquiry/6200

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗢𝘂𝘁𝗹𝗼𝗼𝗸

The global robotic welding market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for highest share in terms of revenue in 2018 owing to the government initiatives such as Make in India and Made in China 2025. In addition, increase in adoption of automated systems in the automotive, and other sectors; improved & safe working conditions; and technological advancements foster the demand for welding robots in this region. China has witnessed rapid growth in the robotics industry. The country has been investing heavily and deploying 100,000 industrial robots in several industries, which is fueling the demand for welding robots.

𝗧𝗵𝗲 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

The major players operating in the global robotic welding market have adopted key strategies such as product development to strengthen their market outreach and sustain the stiff competition in the market. For instance, in July 2017, Fanuc Corporation launched Arc Mate 100iD welding robot. It supports several intelligent functions such as built-in vision systems that include the Fanuc-developed iRVision system. Sensors and parts such as additional seam tracking sensors, cameras, and gripping devices are also compatible with the new robot. Similarly, in March 2019, it launched two new models: the M-20iD/25 handling robot, and the ARC Mate 120iD welding version, which delivers productivity improvements using its superior motion performance along with lower ownership costs.

𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩: - https://www.alliedmarketresearch.com/checkout-final/66f6af351425e6c2da5e19a2d0f2cc2f

𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗥𝗲𝘃𝗶𝗲𝘄

In conclusion, the global robotic welding market is expected to witness significant growth in the coming years. This growth is driven by the increasing demand for automated welding processes and the need to reduce labor costs. The major players in the market are focusing on developing new products and technologies to stay ahead of their competitors.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.