The global robotic welding market is anticipated to grow at a significant CAGR during the forecast period. According to the American Action Forum, there will be a shortage of around 8.62 million skilled labor force by 2029 in the US. This will cause a loss of around $1.2 trillion in economic output. Thus, the industries are adopting automation processes to replace the need for skilled labor. Additionally, the robotic system is more accurate and precise than humans. Thus, the increasing shortage of skilled labor force and rapid adoption of automation processes will significantly drive the robotic welding market during the forecast period.
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The installation cost of procurement, programming, and maintenance of robotic welding is high. Thus, it makes it difficult for new ventures and SMEs to establish robotic welding systems for their operations. This will hinder the market growth during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Robotic Welding Market Report Segment
By Type
- Arc Welding
- Spot Welding
- Laser Welding
- Others (including Plasma Welding)
By End-User
- Automotive
- Metals & Machinery
- Electrical & Electronics
- Aerospace & Defense
- Construction
- Others (including Steel Plant, and Wind Turbine)
Global Robotic Welding Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global robotic welding market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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