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®
Nutraceutical Products Market: Growth Trends and Future Outlook to 2030| Meticul …
The nutraceutical products market is witnessing steady and significant growth, driven by a rising awareness of health, nutrition, and disease prevention. Between 2023 and 2030, the market is projected to expand at a compound annual growth rate of 7.8%, ultimately reaching a value of $691.87 billion by the end of the forecast period. This growth reflects a major shift in consumer mindset, as individuals increasingly seek products that offer both…
Global Feed Additives Market Outlook: Trends, Growth Drivers, and Regional Insig …
The way we feed our livestock is changing, and feed additives are at the heart of that transformation. Over the next decade, the global feed additives market is expected to surpass $51 billion, fueled by rising demand for meat and dairy products, concerns over animal health, and a push toward more sustainable farming practice. Farmers today are no longer just feeding animals they are strategically nourishing them to improve growth,…
Global Home Medical Equipment Market: Trends, Insights, and Forecast to 2030 | M …
The home medical equipment market is growing steadily and is projected to reach nearly $63 billion by 2030. These devices are designed to help people manage their health at home, allowing patients to remain independent while receiving the care they need. From respiratory devices to mobility aids, these products make it possible for individuals to maintain a better quality of life without relying entirely on hospital care. They are especially…
Global Membrane Filtration Technologies Market: Trends, Growth Drivers, and Regi …
The membrane filtration technologies market is steadily expanding, with expectations to hit $22.2 billion by 2030. Over the past few years, industries and municipalities alike have faced increasing pressure to manage water more efficiently. Water scarcity, environmental regulations, and operational needs have created a situation where traditional water treatment methods are no longer sufficient. Businesses are turning toward membrane filtration technologies as a solution that offers both reliability and precision.
Water…
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…
