Automation has improved the industrial sector drastically. It has changed the way of production and reduced the manufacturing time and the production cost owing to which welding robot manufacturers are shifting toward networked and intelligent production of Industry 4.0-compatible robots. Additionally, the robotic welding market players have adopted various strategic initiatives toward advanced Industry 4.0-ready solutions. For instance, in October 2020, Fujitsu; FANUC Corporation; and NTT Communications established DUCNET Co., Ltd. to offer a cloud service for supporting digital transformation (DX) in the machine tool industry and the broader manufacturing industry. However, the rising need for automation across industries and significant technological growth are expected to fuel the demand for robotic welding, which is further anticipated to drive the robotic welding market in North America.
The robotics ecosystem players in North America faced several critical challenges due to the COVID-19 pandemic, such as manufacturing facilities and robotics system integrators operating with a limited workforce or shutdown of these facilities and the supply chain disruptions of raw material and components. Further, owing to the less demand from end users, the deployment of industrial robotics, including robotic welding, witnessed reduced deployment numbers in 2020. However, according to the Association for Advancing Automation from Q1 of 2021, procurement of robotics was 86% higher than metal manufacturers, 72% higher than life sciences, pharmaceuticals, and biomed manufacturers, 32% higher than food & consumer goods manufacturers, and 12% higher than other nonautomotive manufacturers compared to Q1 of 2020 in North America. Due to the growing inclination to automation by nonautomotive manufacturers, the demand for industrial robotics, including robotic welding, gained positive momentum from 2021.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 516.73 Million |
| Market Size by 2028 | US$ 1,488.11 Million |
| CAGR (2021 - 2028) | 16.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Robotic Welding Market is valued at US$ 516.73 Million in 2021, it is projected to reach US$ 1,488.11 Million by 2028.
As per our report North America Robotic Welding Market, the market size is valued at US$ 516.73 Million in 2021, projecting it to reach US$ 1,488.11 Million by 2028. This translates to a CAGR of approximately 16.3% during the forecast period.
The North America 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 North America Robotic Welding Market report:
The North America Robotic Welding Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Robotic Welding Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Robotic Welding Market value chain can benefit from the information contained in a comprehensive market report.
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