The robotic
welding market is expected to grow at a CAGR of 8.91%, from 2018 to 2023,
to reach a market size of USD 5.96 billion by 2023. Increasing implementation
of Industry 4.0 revolution and rising
need for scalability in manufacturing units in developing economies to meet the
growing demand for various products would contribute to the growth of the
robotic welding market.
Browse 67 market data Tables and 31 Figures spread
through 115 Pages and in-depth TOC on “Robotic Welding Market by Type (Arc
Spot), End-User (Automotive & Transportation, Electricals & Electronics,
Aerospace & Defense, Metals & Machinery), Payload (<50 kg, 50–150
kg, and >150 kg), and Region - Global Forecast to 2023"
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The robotic welding market is dominated by players with established brand names and wide
regional presence and local and regional players in emerging economies. The
leading global players in the robotic welding industry include Kuka (Germany),
Fanuc (Japan), Yaskawa (Japan), ABB (Switzerland), and Kawasaki (Japan).
The 50–150 kg segment is estimated to be the fastest
growing robotic welding market, by payload,
from 2018 to 2023. This segment is driven
by factors such as high demand for robots having this payload by various
end-user industries. These robots can perform arc as well as spot welding.
Based on end-user,
the robotic welding market has been segmented
into automotive & transportation, electricals & electronics, aerospace
& defense, metals & machinery, and others. The automotive segment is
expected to grow at the fastest rate during the forecast period and become the
largest market segment by 2023. This growth can be
attributed to factors such as the increasing demand for vehicles in
developing economies. The world’s focus toward electric vehicles would also
boost the growth of this segment.
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The robotic welding market has been segmented, by region,
into Asia Pacific, Europe, North America, and Rest of the World. Asia Pacific is projected to grow at the
fastest rate, from 2018 to 2023, followed by Rest
of the World. China, which is highly
focused on automation, dominates
the robotic welding market in Asia Pacific.
It is also expected to be the fastest growing market for robotic welding. Europe, which is the second largest segment
regionally, holds Germany and Spain as the largest contributors to the demand.
But Europe would witness moderate growth rate for robotic welding during the
forecast period owing to the maturity of the market.
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
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