Robotic Welding: Robotic Process Automation Globally to reach USD 8.31 Billion by 2028

Robotic Welding: Robotic Process Automation Globally to reach USD 8.31 Billion by 2028

Robotic Welding Market to Hit USD 8.31 Billion by 2028; Growing Automotive Sector to increase Demand.

The size of the global robotic welding market is expected to reach 8.31$ billion by 2028, with a CAGR of 7.6% between 2020 and 2028. This is due to the increasing adoption of Robotic Process Automation in the manufacturing process which is driving the demand for modern robotic welding machines all over the world.

The introduction of new industries will help increase productivity and, in particular, the growing need for small manufacturing units in developing economies. It will serve as a useful factor in the global robotic welding market and Robotic Process Automation.

Effects of COVID-19 on Global Robotic Welding

Robotic Process Automation units have been shut down due to the shortage of manpower around the world, as a result of lockdowns imposed by governments. This has resulted in extraordinary economic losses in a number of industrial applications such as automotive, electronics, construction, and others.

However, to get the economy back on track, companies are focusing on adopting Robotic Process Automation services that have many benefits from manual labor. This is expected to boost the demand for automated robotic solutions in the coming years.

The growing focus on reducing manual interference in challenging manufacturing operations is increasing the demand for modern robotic welding machines globally. Large companies are developing or adopting advanced industrial robots to significantly increase production capacity while reducing costs.

What is included in the report on Robotic Process Automation?

The report includes a detailed overview of the various growth drivers in the global market and the prevention, opportunities, and challenges that the market will face during the COVID-19.

Furthermore, this report provides comprehensive research on the regional developments of the market which will affect its growth during the forecast period. This includes information obtained from our research analysts using a variety of methods with the advice of industry professionals.

Provides more detailed insights into competitive landscape strategies such as product launches, partnerships, mergers and acquisitions, and collaboration by companies to maintain a strong market stronghold between 2020 and 2028.

In addition, the report provides detailed information on key aspects such as driving factors and challenges that will explain the future growth of the market.

In addition, the report will include opportunities for stakeholders to invest in micro-markets and Robotic Process Automation, as well as a detailed analysis of the competitive landscaping and product offerings of key players.

List of companies involved in robotic welding globally

  • Kemppi Oy (Finland)ABB (Switzerland)
  • Yaskawa America (United States)
  • OTC DAIHEN Inc (U.S.)
  • FANUC Corporation (Japan)
  • Panasonic Corporation (Japan)
  • Acieta LLC (US)
  • Kuka AG (Germany)
  • Kawasaki Heavy Industries, Ltd. (Japan)
  • The Lincoln Electric Company (U.S.)
  • Miller Electric Mfg. LLC (U.S.)
  • Fanuc (Japan)

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Tags: Robotic Welding, Robotic Process Automation, robotic welding cell, welding market

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