$5.9 Billion Robotic Welding Market - Global Forecast to 2023: Leading Players are Yaskawa, Kuka, Fanuc, ABB and Panasonic
DUBLIN, July 16, 2018 /PRNewswire/ --
The "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" report has been added to ResearchAndMarkets.com's offering.
The global robotic welding market is projected to grow at a CAGR of 8.91%, from 2018 to 2023, to reach a market size of USD 5.96 billion by 2023, from an estimated market size of USD 3.89 billion in 2018.
The implementation of new industry revolution, Industry 4.0, to boost the productivity and the increased need of scalability in small manufacturing units, especially in developing economies, would act as driving factors for the robotic welding market.
The report segments the robotic welding market, by type, into arc, spot, and others. The spot welding segment is expected to account for the largest market share. Among all the end-user industries, the automotive & transportation industry, which is the largest end-user, has more demand for spot welding. Robots for the spot welding application have a high payload and are expensive than other robots which makes them dominate the market.
The robotic welding market has been further segmented, based on end-user, into automotive & transportation, electricals & electronics, aerospace & defense, and others. The automotive & transportation segment is expected to be the largest market due to high growth of vehicles in developing economies. Emerging economies such as China, India, Brazil, and Iran have a high demand for vehicles which would contribute to the growth of the spot welding segment.
In this report, the robotic welding market has been analyzed with respect to 4 regions, namely, North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is projected to dominate the global robotic welding market during the forecast period because of the increasing automation in China and other emerging economies. Asia Pacific is also expected to be the fastest growing market, followed by the Rest of the World. Increasing automation in China under the Made in China 2025 plan would drive the growth of the Asia Pacific market; China accounts for more than half of the Asia Pacific market.
Some of the leading players in the robotic welding market include Yaskawa (Japan), Kuka (Germany), Fanuc (Japan), ABB (Switzerland), and Panasonic (Japan). Expansions & investments was the most common strategy adopted by top players, followed by new product launches.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Robotic Welding Market Overview
4.2 Market, By Payload
4.3 Market, By End User
4.4 Asia Pacific: Market, By Type & Country
4.5 Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Global Economic Growth and Subsequent Growth in Associated Industries
5.2.1.2 Increased Need for Automation and Scalability in the Manufacturing Industry
5.2.1.3 Increasing Implementation of Industry 4.0
5.2.2 Restraints
5.2.2.1 High Initial Installation Cost for Small Manufacturing Units
5.2.3 Opportunities
5.2.3.1 Technological Advancements
5.2.3.2 Use of Collaborative Robots
5.2.4 Challenges
5.2.4.1 Automation Complexities and Unpredictability
5.2.4.2 Time-Consuming Programming Methods
6 Robotic Welding Market, By Payload
6.1 Introduction
6.2 <50 Kg Payload
6.3 50-150 Kg Payload
6.4 >150 Kg Payload
7 Robotic Welding Market, By Type
7.1 Introduction
7.2 Arc Welding
7.3 Spot Welding
7.4 Others
8 Robotic Welding, By End User
8.1 Introduction
8.2 Automotive & Transportation
8.3 Metals and Machinery
8.4 Electricals and Electronics
8.5 Aerospace & Defense
8.6 Others
9 Robotic Welding Market, By Region
10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking Analysis
10.3 Competitive Scenario
10.3.1 Expansions and Investments
10.3.2 Product Launches
10.3.3 Joint Venture, Collaboration, and Partnership
11 Company Profiles
11.1 Benchmarking
11.2 ABB
11.3 Yaskawa Electric Corporation
11.4 Panasonic Corporation
11.5 KUKA
11.6 Fanuc Corporation
11.7 Kawasaki Heavy Industries, Ltd.
11.8 Nachi-Fujikoshi Corp.
11.9 Daihen Corporation
11.10 Denso Corporation
11.11 Comau S.P.A.
11.12 IGM Robotic Systems, Inc.
11.13 Carl Cloos Schweisstechnik Gmbh
For more information about this report visit https://www.researchandmarkets.com/research/4hs7kx/5_9_billion?w=5
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