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 South America.
Brazil has the highest number of COVID-19 cases, followed by Ecuador, Peru, Chile, and Argentina. The containment measures implemented by the governments affected all economic and manufacturing activities in South America. Various manufacturing operations were delayed or discontinued in 2020. The adoption of industrial robotics, including robotic welding, was marginally affected by the COVID-19 pandemic, as the deployment of robotics decreased by 17% in 2020. However, due to containment measures imposed by governments and the need to meet delivery stipulations, manufacturers have started to showcase a positive outlook toward the adoption of automated technology, including robotic welding, from Q4 of 2020. This has positively influenced the growth of the robotic welding market in South America.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 20.23 Million |
| Market Size by 2028 | US$ 36.21 Million |
| CAGR (2021 - 2028) | 8.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Robotic Welding Market is valued at US$ 20.23 Million in 2021, it is projected to reach US$ 36.21 Million by 2028.
As per our report South America Robotic Welding Market, the market size is valued at US$ 20.23 Million in 2021, projecting it to reach US$ 36.21 Million by 2028. This translates to a CAGR of approximately 8.7% during the forecast period.
The South 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 South America Robotic Welding Market report:
The South America Robotic Welding Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Robotic Welding Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Robotic Welding Market value chain can benefit from the information contained in a comprehensive market report.
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