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Robotic Welding Market To Register Capital Expenditure Of $5.96 Billion By 2023

By Author: MarketsandMarkets
Total Articles: 11

The robotic welding market is expected to grow at a CAGR of 8.91%, from 2018 to 2023, to reach a market size of USD 5.96 billion by 2023. Increasing implementation of Industry 4.0 revolution and rising need for scalability in manufacturing units in developing economies to meet the growing demand for various products would contribute to the growth of the robotic welding market.

Browse 67 market data Tables and 31 Figures spread through 115 Pages and in-depth TOC on "Robotic Welding Market by Type (Arc Spot), End-User (Automotive & Transportation, Electricals & Electronics, Aerospace & Defense, Metals & Machinery), Payload (150 kg), and Region - Global Forecast to 2023"

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The robotic welding market is dominated by players with established brand names and wide regional presence and local and regional players in emerging economies. The leading global players in the robotic welding industry include Kuka (Germany), Fanuc (Japan), Yaskawa (Japan), ABB (Switzerland), and Kawasaki (Japan).

The 50–150 kg segment is estimated to be the fastest growing robotic welding market, by payload, from 2018 to 2023. This segment is driven by factors such as high demand for robots having this payload by various end-user industries. These robots can perform arc as well as spot welding.

Based on end-user, the robotic welding market has been segmented into automotive & transportation, electricals & electronics, aerospace & defense, metals & machinery, and others. The automotive segment is expected to grow at the fastest rate during the forecast period and become the largest market segment by 2023. This growth can be attributed to factors such as the increasing demand for vehicles in developing economies. The world’s focus toward electric vehicles would also boost the growth of this segment.

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The robotic welding market has been segmented, by region, into Asia Pacific, Europe, North America, and Rest of the World. Asia Pacific is projected to grow at the fastest rate, from 2018 to 2023, followed by Rest of the World. China, which is highly focused on automation, dominates the robotic welding market in Asia Pacific. It is also expected to be the fastest growing market for robotic welding. Europe, which is the second largest segment regionally, holds Germany and Spain as the largest contributors to the demand. But Europe would witness moderate growth rate for robotic welding during the forecast period owing to the maturity of the market.

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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.

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MarketsandMarkets™ INC.
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