Global Welding Robotics Market
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One of the major factors driving the growth of welding robotics market is the rising labor costs across the world. This has led to the increasing demand for automation tools across numerous industry verticals. Moreover, with the use of welding robotics, manufacturing industries are able to achieve higher quality of production and safety along the manufacturing line. Such benefits enable manufacturing organizations to adhere to the stringent government norms and regulation pertaining to quality and safety. Moreover, with increasing repetitiveness and decreasing cycle time, manufacturers are able to achieve economies of scale leading to lower production costs. Despite its immense benefits, the growth of welding robotics market faces a few challenges due to its high initial costs. Manufacturers across the world hesitate to bear the additional costs associated with the deployment of robotics across the manufacturing lines. Moreover, lack of adoption by small and medium enterprises (SMEs) has hampered the penetration of welding robots. Another factor challenging the growth of welding robotics market is the lack of skilled technicians. Manufacturers need to employ a team of skilled professionals to maintain and service robotic equipment to ensure continuity of activities along the manufacturing line.
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Immense opportunities in small and medium enterprises (SMEs) and increasing demand for customized robotic solutions have made welding robotics market lucrative in recent years. Moreover, technological advancements in vision tracking systems have enabled continuous monitoring and control of welding processes. Increasing demand from manufacturing sector in the Asian region is expected to further drive the growth of welding robotics market. Some of the key players in the welding robotics market include ABB Ltd., KUKA AG, FANUC Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd. and Nachi-Fujikoshi Corp.
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