DUBLIN--(BUSINESS WIRE)--The "Global Industrial Welding Robots Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The industrial welding robots market will register a CAGR of almost 8% by 2023.
Emergence of collaborative arc welding robots to drive growth in the market. The rising trend of collaborative robots (cobots) will have a major impact on the arc welding robots market. These robots are meant for working in collaboration with humans and use specialized sensors and robot controllers for operation. They are built by using advanced smart sensors such as torque sensors and built-in safety sensors to enhance the coordination and sense the environment.
Growing need for automated welding process and advances in welding robots
The use of automation in welding processes has been gaining momentum due to the rise in awareness of automation among industrial manufacturers and its competitive advantage. Welding robots offer consistent and high-quality welds with high speed when compared with traditional, worker-operated welding machines. The simulation of the robot's programming has enhanced the applicability of arc welding robots reliably. It permits the virtual testing of the operation and offers optimization in the production, planning, and implementation of welding robots.
Increasing price competition in APAC
The industrial welding robots market in APAC is fragmented with the presence of several local, regional, and small vendors along with major players. As price is an important buying criterion, inclination for low-cost arc welding robots with similar features and regulatory compliance is high. These factors negatively impact vendors in Europe and the Americas. Pricing pressure and the year-on-year falling price of industrial robots have shifted vendors manufacturing base to Asia.
The market appears to be fragmented and with the presence of several companies ABB and FANUC, the competitive environment is quite intense. Factors such as the growing need for automated welding process and advances in welding robots and the emergence of collaborative arc welding robots, will provide considerable growth opportunities to industrial welding robots manufactures.
ABB, FANUC, Kawasaki Heavy Industries, Midea Group (Kuka), And Yaskawa Electric are some of the major companies covered in this report.
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