Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6 Billion | USD 15 Billion | 8% | 2022 |
FrequentlyAsked Questions
Welding robotics automates the process of welding for increasing accuracy, thereby improving accuracy and safety along with reducing the time required for completing each project.
The global welding robotics market growth can be owing to breakthroughs in automation systems as well as automated processes.
According to a study, the global welding robotics industry size was $6 billion in 2022 and is projected to reach $15 billion by the end of 2030.
The global welding robotics market is anticipated to record a CAGR of nearly 8% from 2023 to 2030.
The North American welding robotics industry is set to register the highest CAGR over the forecasting timeline owing to a rise in the allocation of funds on research activities related to automated processes and automated devices such as industrial robots in countries such as the U.S.
The global welding robotics market is led by players such as Fanuc Corporation, IGM ROBOTERSYSTEME AG, Kuka AG, Yaskawa Electric Corporation, Estun Automation Co., Ltd., UNITED PROARC CORPORATION, EVS TECH CO., LTD., Daihen Corporation, Kawasaki Heavy Industries, Ltd., Panasonic Corporation, NACHI-FUJIKOSHI CORP., and ABB Ltd.
The welding robotics market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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