Robotic Welding Market Overview:
A research team conducted extensive primary and secondary research for the global Robotic Welding market analysis. Secondary research was carried out to supplement existing data, segment the market, calculate total market size, and forecast market size and growth rate.
Robotic welding automates the welding method by using robots that execute and oversee the welding depending on the software that can be modified to meet the project's needs. Welders still oversee and monitor robotic welding, which is a more sophisticated variant of mechanized welding in which machinery does the welding. Robotic technology enables more precise and efficient outcomes, as well as reduced waste and more safety. The robots can reach previously unreachable areas and can conduct more complex and accurate weld patterns and joints in less time than hand welding. This offers more adaptability and frees up time for manufacture. The demand is inceasing in the robotic welding market as robot can adjust to a broad range of welding parameters, spanning arc, resistive, spot, TIG, laser, plasma, and MIG welding, thanks to the diversity of equipment available. The major goal is to include the appropriate welding programs and tools in the welding process.
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Robotic Welding Market Scope:
The study employs PESTLE analysis to evaluate the benefits and drawbacks of major market participants. To forecast the market and provide investment advice, the researcher carefully examines the Robotic Welding market's size, share, trend, total profit, total revenue, and profit margin. Market changes are advised by subject-matter experts.
In addition to data on capacity and production, price and cost information, company profiles, product images, specifications, and contact information, the report includes information on the major market participants. The Robotic Welding market is examined for trends, size, and value at the global, regional, and corporate levels in this report. This study examines the global market for Robotic Welding using historical data and future projections.
Robotic Welding Market Segmentation:
In 2020, the market for robotic welding was dominated by payloads greater than 150 kg. During the forecast period, a CAGR of 5.6% is anticipated. This category is expanding as a result of increased demand for high-payload arc and spot welding robots in the transportation, metallurgy, and architectural industries. These industries are the primary end-users of welding robots with payloads higher than 150 kg due to the deployment of these machines in the aerospace and automotive sectors for the welding of large panels. Furthermore, the market for robotic welding with payloads greater than 150kg is expanding due to the rising demand for automobiles.
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Robotic Welding Market Key players:
- 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)
COVID-19 Impact on Robotic Welding market:
The Robotic Welding market has been significantly impacted by the COVID-19 outbreak. The development of Robotic Welding production facilities has been halted due to the global economic downturn and a labour shortage. COVID-19 pandemic has resulted in a significant and long-term decrease in production utilisation. Additionally, travel restrictions and facility closures have hampered staff visits, limiting the Robotic Welding market's growth in 2020. However, given the high demand for Robotic Welding, COVID-19's market effects are expected to be transitory. The industry is expected to recover completely by early 2021.
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