Sarasota, FL -- (SBWIRE) -- 01/07/2019 -- Global Robotic Welding Market: Overview

In robotic welding, automated programmable tools such as robots are used to mechanize the process of welding by performing both the weld and part handling. In fact, robotic welding is generally used for resistance spot welding and arc welding in high production applications such as automotive sector.

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Global Robotic Welding Market: Growth Factors

The robotic welding market growth is anticipated to gain traction over the coming years, owing to massive implementation of industry 4.0 revolutions and escalating need for scalability in manufacturing units in developing economies to fulfill burgeoning demand for various products. High initial investment for small manufacturing units will act as restraint for the robotic welding market. In addition, the robotic welding activities may give rise to unemployment when deployed in the countries with growing population base. Nevertheless, robotic welding can improve the accuracy and time-efficiency in the firms and can be used to perform repetitive & monotonous tasks. In addition, robotic welding can be used to avoid accidents in the factories and can be used where human presence is impossible or dangerous. All these aforementioned factors can hinder the growth of robotic welding market in the years to come.

Massive technological breakthroughs, rising production costs, and growing investments in new technologies are some of the key growth drivers of robotic welding market.

Global Robotic Welding Market: Segmentation

The global robotic welding market can be divided based on type, end –user, and payload. Based on the type, the market can be segmented into arc welding, spot welding, and others. Based on the end-user, the robotic welding market is sectored into automotive & transportation, metals & machinery, electrical & electronics, and aerospace & defense. Payload wise, the robotic welding market is divided into lesser than 50 kg, between 50 to 150 kg, and more than 150 kg.

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Global Robotic Welding Market: Regional Analysis

Based on regions, the global robotic welding market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 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 in the near future. Increasing automation in China under the 'Made in China 2025 plan' will drive the growth of the Asia Pacific market. China, which presently contributes over half of the Asia Pacific robotic welding market revenue, is anticipated to be the major regional revenue driver in the coming years. Countries such as Japan, South Korea, Taiwan, India, and Thailand are predicted to make substantial contributions towards the APAC market share in the near future.

Europe and North America are anticipated to have huge market growth potential. U.S. and Canada are likely to spur the market growth in North America, while UK and Germany will drive the growth of the European market. Massive technological breakthroughs and low manpower/ lack of workforce are the major factors that will drive the growth in Europe and North America.

Global Robotic Welding Market: Competitive Players

The key players in the global robotic welding market include Kuka, Fanuc, Yaskawa, Panasonic Corporation, ABB Group, and Kawasaki.

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