Robotic Welding Market Rising Business-Opportunities at a CAGR of 8.7% By 2026

The rapid surge in demand for automation, coupled with reduced duties on refurbished goods in the Asia-Pacific region, is driving growth in the robotic welding market.

One of the primary drivers accelerating this market is the increasing industrialization worldwide. Particularly, the electronics sector stands out as a key area witnessing significant growth in the adoption of robotic welding technology.

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.

Request PDF Sample Copy @ https://www.alliedmarketresearch.com/request-sample/6200

The expansion of the robotic welding market is expected to be fueled by the rising adoption of welding robots in industries such as automotive and metal, as well as advancements in robotics technologies.

Major market players in this field are focusing on innovating new technologies and products to meet the growing demands of customers. Through product launches and business expansions, these players aim to diversify their product portfolios and establish a presence in various regions. Emerging economies present attractive opportunities for market players to expand and grow their businesses.

For instance, in March 2017, Fanuc Corporation introduced the Arc Mate 100iD welding robot, featuring intelligent functions such as built-in vision systems like the Fanuc-developed iRVision system. Additionally, the new robot is compatible with various sensors and parts, including seam tracking sensors, cameras, and gripping devices, further enhancing its capabilities.

Request Customization On Demands: https://www.alliedmarketresearch.com/request-for-customization/6200

Top Players:

The key market players profiled in the robotic welding market report 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.

The major players such as Yaskawa Electric Corporation, Fanuc Corporation, and DAIHEN Corporation in the global robotic welding industry are focusing on developing new products to strengthen their presence in the market. Moreover, these companies expand their business to sustain the intense competition. For instance, in June 2019, Yaskawa Electric Corporation launched Universal Weldcom interface for arc welding. It enables easy control of any weld process or parameter, including voltage, amperage, and wire feed speed through a common user interface.

Key Finding of The Robotic Welding Market:

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.

Inquire Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/6200

Read More Related Reports:
Industrial Robotics Market - https://www.alliedmarketresearch.com/industrial-robotics-market

Service Robotics Market - https://www.alliedmarketresearch.com/service-robotics-market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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.

Contact Us:

United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Read More: https://medium.com/me/stories/public

This release was published on openPR.