The global robotic welding market size is expected to gain momentum by reaching USD 8.31 billion by 2027 while exhibiting a CAGR of 7.6% between 2020 and 2027. This is attributable to the increasing adoption of automation in the manufacturing process that propels the demand for advanced robotic welding machines across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Robotic Welding Market Size, Share & COVID-19 Impact Analysis, By Type (Arc, Spot, MIG/TIG, Laser, Others (Plasma etc.)), By Payload Capacity (Low (6-22 kg), Medium (30-60 kg), High (80-300kg)) By Industry (Automotive, Aerospace & Defense, Construction, Mining, Railway & Shipbuilding, Electrical & Electronics, Others) and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 4.66 billion in 2019 and is likely to experience significant growth Robotic Welding Market in the forthcoming years.
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COVID-19 Surges Adoption of Automation Services across Manufacturing Industries
The lockdown imposed by several government agencies has led to the shutdown of manufacturing units owing to reduced workforce across the globe. This has led to unprecedented economic loss across several industrial applications such as automotive, electronic, construction, and others. However, to bring back the economy on track, the companies are focusing on adopting automation services that have several advantages over manual labor. This is expected to boost the demand for automated robotic solutions in the forthcoming years.
The growing focus on reducing manual intervention in challenging manufacturing operations is driving the demand for advanced Robotic Welding Market machines globally. The major companies are either developing or adopting advanced industrial robots to significantly increase productivity, while reducing costs.
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List of the Companies Profiled in the Global Market for Robotic Welding Market:
Kemppi Oy (Finland)ABB (Switzerland)
Panasonic Corporation (Japan)
OTC DAIHEN Inc (U.S.)
FANUC Corporation (Japan)
Kuka AG (Germany)
Yaskawa America (United States)
Fanuc (Japan)
DENSO CORPORATION (Japan)
Kawasaki Heavy Industries, Ltd. (Japan)
The Lincoln Electric Company (U.S.)
Miller Electric Mfg. LLC (U.S.)
IGM ROBOTERSYSTEME AG (Austria)
Acieta LLC (U.S.)
Highlights of the Report:
Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
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What does the Report Include?
The global Robotic Welding Market for ophthalmic devices report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides a comprehensive research into the regional developments of the market that would affect its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.
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Table Of Content Robotic Welding Market
1 Introduction
1.1. Definition, By Segment 1.2. Research Approach 1.3. Sources
2 Executive Summary
3 Robotic Welding Market Dynamics
3.1. Macro and Micro Economic Indicators 3.2. Drivers, Restraints, Opportunities and Trends 3.3. Impact of COVID-19 3.3.1. Short-term Impact 3.3.2. Long-term Impact
4 Competition Landscape
4.1. Business Strategies Adopted by Key Players 4.2. Consolidated SWOT Analysis of Key Players 4.3. PESTLE Analysis 4.4. Porter’s Five Force Analysis 4.5. Global Robotic Welding Market Share Analysis and Matrix, 2019
5 Key Market Insights and Strategic Recommendations
6 Profiles of Key Players (Would be provided for 10 players only)
6.1. Overview 6.1.1. Key Management 6.1.2. Headquarters etc.
6.2. Offerings/Business Segments
6.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases) 6.3.1. Employee Size 6.3.2. Key Financials 6.3.2.1. Past and Current Revenue 6.3.2.2. Gross Margin 6.3.2.3. Geographical Share 6.3.2.4. Business Segment Share
6.4. Recent Developments
COMPETITIVE LANDSCAPE
Product Launches by Major Companies to Strengthen Their Market Positions
The global welding robotic market is consolidated by the presence of major companies that are focusing on introducing advanced robotic welding machines to cater to the growing demand for automation services in manufacturing operations. Other key players positioned in the market are striving to maintain their presence by adopting strategies such as collaboration, partnership, and facility expansion that will boost the growth of the Robotic Welding Market during the forecast period.
Industry Development:
July 2019 – Yaskawa Motoman announced the launch of three new products across the robotic welding systems space. The company introduced an advanced extended-reach industrial robot, an updated work cell for production environment, and a new application for arc welding.
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