Increasing demand for cars across Europe puts pressure on the transportation industry & automotive sector to raise production. More production will require investing in machinery, such as robotic welding arms, that increases the speed and accuracy of the vehicle-building process. Hence, the increasing vehicle demand in emerging economies and the growing emphasis of governments to propel electric vehicle (EV) are expected to drive the adoption of robotics welding. Furthermore, the increasing strategic initiatives by the market players toward the automotive industry will increase the demand for robotic welding, which is further anticipated to drive the robotic welding market in Europe.
Germany, Belgium, Poland, the UK, and the Netherlands are the worst-hit countries in Europe owing to the COVID-19 pandemic. The UK, Germany, France, and Austria have numerous electronic components & robotics ecosystem players. The emergence of the COVID-19 pandemic has impacted the revenue and operations of businesses of European robotics manufacturers and robotics integration and service providers. For instance, the COVID-19 outbreak significantly affected the operations of ABB Ltd, which led to an increase in backlog orders in 2020, while KUKA AG was able to manage its supply chain and meet its stipulated delivery timelines. Further, the demand from automotive end-users decreased in 2020 and 2021. However, nonautomotive end-users, such as electronics, metal, and machinery, have showcased a positive trend in the adoption of industrial robotics, including robotic welding, from Q1 of 2021 owing to ongoing skilled labor shortage, which positively influenced the growth of the welding robotics market from 2021.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 613.48 Million |
| Market Size by 2028 | US$ 1,428.14 Million |
| CAGR (2021 - 2028) | 12.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Robotic Welding Market is valued at US$ 613.48 Million in 2021, it is projected to reach US$ 1,428.14 Million by 2028.
As per our report Europe Robotic Welding Market, the market size is valued at US$ 613.48 Million in 2021, projecting it to reach US$ 1,428.14 Million by 2028. This translates to a CAGR of approximately 12.8% during the forecast period.
The Europe Robotic Welding Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Robotic Welding Market report:
The Europe Robotic Welding Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Robotic Welding Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Robotic Welding Market value chain can benefit from the information contained in a comprehensive market report.
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