Robotic welding automates the welding process by utilizing robots that execute and supervise the welding process based on software that may be customized to match the needs of the project. Welders continue to supervise and control robotic welding, a more advanced version of automated welding in which technology executes the welding. Robotic technology allows for more precise and efficient results, as well as less waste and increased safety. Robots can access previously inaccessible regions and perform more complicated and precise weld patterns and joins in less time than manual welding.
Robotic Welding Market Report Scope and Research Methodology:
Robotic Welding Stellar Market Research's market report is a compilation of primary and secondary data acquired through extensive research. The qualitative and quantitative data in the Robotic Welding market research should help decision-makers determine which market segments and elements are driving the market. The bottom-up method was used to estimate the size of the and regional Robotic Welding markets. SWOT analysis identifies the industry's top players' strengths and weaknesses. The MMR study contains a PESTLE analysis, which supports in the development of strategies for Robotic Welding industry investors. Political considerations can assist predict how much a government will impact the Robotic Welding market during the predicted timeframe. Economic variables aid in the examination of economic performance drivers that have an impact on the economy. impact on the Robotic Welding market, whereas legal aspects aid in comprehending the impact of the surrounding environment and the influence of environmental concerns on the Robotic Welding market. The research illuminates the competitive environment of the Robotic Welding market in order to understand the competition at the local, regional, and national levels. It encompasses all of the important components, such as operational areas, production, and product portfolio.
Robotic Welding Market Overview:
Stellar Market Research has released research titled Robotic Welding Market, which includes Manufacturers, Regions, Types, Applications, Segments, and Forecast to 2029. The study analyses insights in light of the Robotic Welding market, as well as its ever-changing patterns, industry environment, and other leading market elements.
Robotic Welding Market size was valued at US$ 11.4 Billion in 2020 and the total Robotic Welding revenue is expected to grow at 7.7% through 2021 to 2027, reaching nearly US$ 19.16 Billion.
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Robotic Welding Market Segmentation:
The arc welding segment of the robotic welding market is estimated to develop at a CAGR of 4.6% during the forecast period. Arc welding robots require less maintenance and take up less space. They improve welding precision while lowering labor costs. Furthermore, high-payload arc welding robots are generally used in load-bearing applications in the automotive and transportation, engineering, metallurgy, and machinery industries.
In 2020, the payload segment greater than 150 kg represented the biggest proportion of the robotic welding market. During the projection period, it is expected to grow at a CAGR of 5.6%. This category's rise can be attributed to rising demand for high-payload arc and spot welding robots in the automotive and transportation, metallurgy and machinery, and architecture industries. Due to the deployment of welding robots with weights greater than 150 kg for welding large panels in the aerospace and automobile industries, these industries are the primary end-users of welding robots with payloads greater than 150 kg. Furthermore, rising vehicle demand is propelling the higher-than-150kg payload segment of the robotic welding market forward.
The automotive and transportation end-user segments dominated the robotic welding market in 2020. During the projection period, it is expected to grow at a CAGR of 6.6%. Rising global automobile demand is a primary factor driving this segment's expansion. Furthermore, heightened human safety concerns in car assembly factories are increasing demand for small, medium, and high-payload welding robots.
Robotic Welding Market Key Players:
FANUC Corporation (Japan)YASKAWA Electric Corporation (Japan)KUKA AG (Germany)ABB (Switzerland)Kawasaki Heavy Industries, Ltd. (Japan)Panasonic Corporation (Japan)DAIHEN Corporation (Japan)NACHI-FUJIKOSHI CORP. (Japan)Comau S.p.A. (Italy)Hyundai Robotics (South Korea)Denso Corporation (Japan)Siasun Robot & Automation Co Ltd (China)
Robotic Welding Market Regional Insights:
The Robotic Welding market report includes a detailed analysis of market size, dynamics and market share in regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Key Questions answered in the Robotic Welding Market Report are:
- What is the expected Robotic Welding market size by the end of the forecast period?
- What are the Robotic Welding market segments?
- Which segment in the Robotic Welding market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Robotic Welding market?
- What key trends are expected to emerge in the Robotic Welding market during the forecast period?
- Which region dominated the Robotic Welding market?
- Which regional market is expected to grow at a high rate during the forecast period?
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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