At 8.7% CAGR, Global Robotic Welding Market Showing $10.78 Billion by 2026
The global market for robotic welding is projected to reach $10.78 billion by 2026, growing at a CAGR of 8.7% from 2019 to 2026, reveals a new report added by Big Market Research.
PORTLAND, Oregon, Jan. 15, 2020 /PRNewswire/ -- This report offers a thorough analysis of the Global Robotic Welding Market along with the current trends and future predictions to elucidate the forthcoming investment pockets. The report outlines the market definition, key findings, top investment pockets, top-winning strategies, and scope in the industry. This report is a document offering solutions to various critical questions that are significant for the industry shareholders such as manufacturers and partners, end users, etc. Besides this, the report helps in planning investments and capitalizing on market opportunities. Furthermore, the study offers helpful study material for shareholders, investors, top market players, and new players to gain insights on current scenarios and form strategies to be adopted for the future.
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Additionally, the report explains the factors that drive and restrict the growth of the market. As per the report, the global robotic welding industry is developing at a substantial rate due to factors such as increased productivity on welding lines, reduced intensive labor injuries, improved order fulfilment speed & accuracy, and increased uptime with reduced costs reduce the workload of employees. The report also provides insights that are helpful for new participants, market players, and investors to obtain a competitive edge and hold a lead position in the global market.
The report offers detailed segmentation of the global robotic welding market. The market is categorized based on type of robots, end user, payload, and region. Based on type of robots, the report divides the market into spot welding and arc welding. By end-user, the report classifies the market into automotive & transportation, electrical & electronics, metals & machinery, and others. By payload, the report bifurcates the market into less than 50 kg, 50-150 kg, and more than 150 kg. Regionally, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. As per the report, Asia-Pacific is anticipated to hold the largest market share for the forecast period and LAMEA region is projected to grow at the fastest rate. These analyses offer insights which help in identifying the foremost segments and forming strategies to gain a leading position in this market.
The report presents key market players active in the global robotic welding industry. An overview of each market player is offered, and recent developments are highlighted in the report. These market players include ABB, Ltd., Siasun Robot & Automation Co Ltd., DAIHEN Corporation, Denso Corporation, Kawasaki Heavy Industries, Ltd., Fanuc Corporation, KUKA AG, Panasonic Corporation, Nachi-Fujikoshi Corp., and Yaskawa Electric Corporation.
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This report is a document presenting answers to several questions that are important for the industry shareholders such as manufacturers, end users, investors, and stakeholders. Moreover, we endeavor to deliver tailored report to fulfill the special requirements of our customers, on demand.
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SOURCE Big Market Research
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