Research Nester published a report titled “Industrial Welding Robot Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global industrial welding robot market in terms of market segmentation by type, payload, end-user industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global industrial welding robot market is anticipated to attain a CAGR of ~12% over the forecast period, i.e., 2022 – 2030. The market is estimated to grow on the back of growing adoption of robotics and automation, along with technical advancements in the field of automation. Robots are becoming a major part of almost every end-user industry owing to the higher accuracy, efficiency, and speed, along with lower maintenance cost. Such factors are projected to drive the market growth. Moreover, robots reduce the risk of work-related accidents, which is estimated to further boost the market growth.
The global industrial welding robot market is segmented on the basis of end-user industry, into automotive, construction, electrical & electronics, and others, out of which, the automotive segment is estimated to hold a significant share over the forecast period on account of the growing production of vehicles, backed by their high demand, along with increasing cases of vehicle repair or restoration. Moreover, manufacturing of vehicles requires high accuracy and speed, which can be achieved through robots.
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On the basis of regional analysis, the global industrial welding robot market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is estimated to gain the largest market share throughout the forecast period on account of the rising adoption of robotics and automatic technology in the region, backed by high investment in technical R&D activities, coupled with higher labor cost in the developed countries.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Enhanced Productivity, and Safety by Robots to Boost the Market Growth
According to the report by the International Labor Organization (ILO), over 2.3 million work-related accidents are caused every year around the world. Industrial accidents hold the major share in all work place accidents.
Welding requires high precision, which is easier to achieve through automation. Moreover, use of welding robots can significantly reduce the risk associated with the task. Such factors, are estimated to boost the market growth.
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However, availability of cheap labor in low-income countries is expected to operate as key restraint to the growth of the global industrial welding robot market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global industrial welding robot market which includes company profiling of KUKA AG, FANUC Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Ltd., Panasonic Corporation, DAIHEN Corporation, Nachi-Fujikoshi Corp., Comau S.p.A., Hyundai Robotics, ABB Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global industrial welding robot market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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