150 kilograms, 50-150 kilograms), End user (Automotive and Transportation, Electrical and Electronics), Geography - Global Forecast to 202"> 150 kilograms, 50-150 kilograms), End user (Automotive and Transportation, Electrical and Electronics), Geography - Global Forecast to 202">
Technology News, IT News, and Press release service Submit Press Release

Information Tech News & Press Release Distribution

Press release distribution service

Home | Search Global IT News:
IT News & Press Release Distribution:

Robotic Welding Market estimated to be worth $11.7 billion by 2026

 



(IT-NEWSWIRE.COM, July 24, 2021 ) The report "Robotic Welding Market with COVID-19 Impact Analysis by Type (Spot Welding Robots, Arc Welding Robots), Payload (>150 kilograms, 50-150 kilograms), End user (Automotive and Transportation, Electrical and Electronics), Geography - Global Forecast to 2026", size is projected to reach USD 11.7 billion by 2026 from an estimated USD 7.1 billion in 2021, at a CAGR of 10.5% from 2021 to 2026. Ongoing penetration of 5G in industrial manufacturing and principles and the increasing adoption of welding robots in the automotive and transportation industries are among the factors driving the growth of the robotic welding market.

Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248099543

By type, the other segment is projected to witness growth at the highest CAGR during the forecast period

Robotic laser welding is an inherently precise and versatile welding approach. It offers accurate, clean, and flexible output products, which require less touchups or reworks. Similarly, plasma welding robots offer accuracy and high repeatability, as well as reduce operating cycle time. They prevent errors during welding. Owing to their features, the others segment is projected to witness growth at the highest CAGR during the forecast period.

By industry, automotive and transportation segment accounted for the largest share of robotic welding market in 2020, and a similar trend is likely to continue in the near future

Robotic welding is capable of fulfilling different requirements of the automotive and transportation industry. Thus, automotive manufacturers are investing significantly in the deployment of smart manufacturing technologies in their plants. For instance, in April 2020, Germany-based automotive company, BMW AG signed a framework agreement with KUKA AG to supply 5,000 robots for new production lines and factories. These robots are expected to be used across the world at the international production sites of the BMW Group for manufacturing current and future generation models of BMW vehicles. In addition, the rising demand for vehicles, especially from emerging economies, has encouraged automotive manufacturers and OEM to opt for automation of their processes to increase their production volume. This has contributed to the demand for welding robots in the automotive and transportation industry.

By region, APAC to hold the largest share of the robotic welding market throughout the forecast period

APAC is projected to account for the largest share of the overall robotic welding market in 2026. The market in this region is projected to grow at the highest CAGR from 2021 to 2026. The key factor contributing to the growth of the robotic welding market in APAC is the emergence of countries such as China, Japan, India, and South Korea as manufacturing hubs for electronic equipment, devices, and components. These countries also have flourishing automotive and other industries. These industries require robots for increasing their production volume and reducing their overall production time.

FANUC Corporation (Japan), 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), and Hyundai Robotics (South Korea) are some of the key players in the robotic welding market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Information Technology Resources
  • Application Software
  • Bioinformatics
  • Computers
  • Computer Games
  • Enterprise Software
  • Graphics/Printing/CAD
  • Hardware/Peripheral
  • industrial Computers
  • Information
  • Internet
  • Multimedia
  • Networking
  • Public Sector
  • Robotics
  • Semiconductor
  • Software
  • Telecommunications
  • Webmaster
  • Information Technology (IT) Advertisement
    Information Technology Sponsors



    Information Technology Publications
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Information Technology resource center today to browse our selection of 600+ complimentary Information Technology magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    The Integration Journey—a Field Guide to Enterprise Integration for SOA
    Government Technology\'s Public CIO
    Protecting Content During Business Disruption: Are You Covered?

    No credit cards, coupons, or promo codes required. Try it today!

    Press release distribution service

    ITPresswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

    :: Home: :: Submit Press Release :: Subscribe to News :: Shop Online :: Contact Us :: Help

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    ITPresswire.com - Newswire and Press Release service of GroupWeb Media LLC