Press release
Meticulous Research® Forecasts Robotic Welding Market to Surpass $6.77 Billion by 2029
[Redding, California, March 15, 2024] - Meticulous Research®, a premier provider of strategic market insights, unveils its latest report titled "Transforming Industries: Global Robotic Welding Market Analysis & Forecast 2022-2029". This comprehensive analysis anticipates the global robotic welding market to achieve a remarkable valuation of $6.77 billion by 2029, driven by a compelling CAGR of 6.2% from 2022 to 2029. Additionally, the market is poised to witness robust growth in volume, with an anticipated CAGR of 11.2% during the same period, reaching 163.3 thousand units by 2029.Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5303
Pioneering Automation: Revolutionizing Industries with Robotic Welding
Robotic welding emerges as a pivotal technology, revolutionizing industries worldwide with its transformative capabilities. Advancements in industry 4.0 principles and the automotive sector's burgeoning adoption of welding robots propel market growth, promising enhanced efficiency and precision in manufacturing processes. However, challenges such as the high initial investment pose notable hurdles to market expansion.
Navigating Through Turbulent Times: COVID-19's Impact
The COVID-19 pandemic precipitated unprecedented disruptions across industries, reverberating through global supply chains and manufacturing operations. The stringent lockdown measures and transportation restrictions engendered widespread economic downturns, significantly impacting technology and component supply chains. Despite these challenges, the market exhibited resilience, driven by the imperative need for automation solutions to mitigate operational disruptions.
Browse in depth @ https://www.meticulousresearch.com/product/robotic-welding-market-5303
Unveiling Market Dynamics
Based on component, the robots segment is expected to account for the largest share of the robotic welding market. The large market share of this segment is attributed to the wide usage of robots across various industries, including automobile, oil & gas, heavy engineering equipment manufacturing, and defense. These robots are highly flexible in their configurations, enabling users to adjust their speed, precision, stroke length, and size. In addition, this segment is slated to register the highest CAGR during the forecast period.
Based on welding process, the arc welding segment is expected to account for the largest share of the robotic welding market. Arc welding robots offer increased welding accuracy and reduced labor costs. These robots require low space and offer convenience and extensive applicability with minimal maintenance. Thus, such benefits contribute to their increased market demand in arc welding applications. However, the resistance spot welding segment is slated to register the highest CAGR during the forecast period.
Based on payload, the less than 25 kg payload segment is expected to account for the largest share of the robotic welding market. Robots with less than 25 kg payload are extensively used for arc and spot welding in the automotive & transportation, metals & machinery, and construction industries. Thus, the increased demand from these industries contributes to the large market share of this segment. However, the 25 kg to 100 kg payload segment is slated to register the highest CAGR during the forecast period.
Based on end-use industry, the automotive & transportation segment is estimated to account for the largest share of the robotic welding market. The large market share of this segment is attributed to the benefits offered by welding robots in the automotive industry's manufacturing process, such as cost-effectiveness, high efficiency, safety, and speed & precision, resulting in the increased adoption of these welding robots. Furthermore, using robots allows car & automotive component manufacturers to accelerate production, reduce costs, improve quality, and ensure workers' safety. Additionally, this segment is slated to register the highest CAGR during the forecast period.
Geographical Landscape:
Asia-Pacific emerges as the epicenter of market growth, driven by escalating labor costs and a conducive regulatory landscape fostering automation adoption. Notably, the region is poised to witness the highest CAGR during the forecast period, underscoring its pivotal role in shaping the market trajectory.
Top 10 Companies: https://meticulousblog.org/top-10-companies-in-robotic-welding-market/
Pioneering Innovations: Industry Leaders
Industry stalwarts including ABB Ltd, FANUC Corporation, and KUKA AG spearhead market innovation, driving technological advancements and fostering industry collaboration to propel market expansion and cater to evolving consumer demands.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Meticulous Research® Forecasts Robotic Welding Market to Surpass $6.77 Billion by 2029 here
News-ID: 3432421 • Views: …
More Releases from Meticulous Research®
Rooftop HVAC Units Market to Reach $24.85 Billion by 2035 | 6.4% CAGR
Growing Demand for Energy-Efficient Rooftop HVAC Units
The global rooftop HVAC units market is witnessing steady growth, driven by the rising need for compact and energy-efficient heating, ventilation, and air conditioning systems. Valued at USD 12.45 billion in 2024, the market is projected to rise from USD 13.42 billion in 2025 to approximately USD 24.85 billion by 2035, growing at a CAGR of 6.4%. The increasing adoption of HVAC systems in…
Seed Coating Market to Reach $4.23 Billion by 2032 | 7.7% CAGR Growth
Growing Market Overview
The global seed coating market is experiencing steady expansion as agricultural industries increasingly adopt advanced seed treatment technologies. Valued at $2.34 billion in 2024, the market is projected to reach $4.23 billion by 2032, growing at a CAGR of 7.7% between 2025 and 2032. This strong growth is driven by rising demand for low-cost crop protection solutions, rapid technological advancements, and the increasing focus on seed treatment as…
PAP Devices Market to Reach $6.97 Billion by 2032 | 5.2% CAGR
The Positive Airway Pressure (PAP) Devices Market is witnessing steady expansion, driven by the increasing prevalence of respiratory and sleep disorders worldwide. Valued at approximately $6.97 billion by 2032, the market is expected to grow at a CAGR of 5.2% from 2025 to 2032. The rising geriatric population, growing awareness about the dangers of untreated sleep apnea, favorable reimbursement policies, and ongoing technological advancements in PAP devices are contributing significantly…
Direct Air Capture Market Set to Skyrocket to $6.93 Billion by 2035 Driven by Gl …
The global Direct Air Capture (DAC) market is gaining remarkable traction as the world intensifies its efforts to achieve carbon neutrality and mitigate the effects of climate change. Valued at $136.5 million in 2024, the market is projected to reach nearly $6.93 billion by 2035, growing from an estimated $189.7 million in 2025 at a striking CAGR of 43.3% during the forecast period (2025-2035). This exponential growth reflects the rising…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
