Press release
Robotic Welding Market Rising Business-Opportunities at a CAGR of 8.7% By 2026
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.
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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.
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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.
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Read More Related Reports:
Industrial Robotics Market - https://www.alliedmarketresearch.com/industrial-robotics-market
Service Robotics Market - https://www.alliedmarketresearch.com/service-robotics-market
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