Robotic Welding Market to reach US $9.1 billion by 2028 – Global Insights on Key Trends, Macro-economic Indicators, Strategic Initiatives, Growth Drivers, Business Opportunities and Future Prospect: Adroit Market Research

Dallas, Texas, Dec. 23, 2020 (GLOBE NEWSWIRE) — The “Robotic Welding Market by Type (Arc Spot), End-User (Automotive & Transportation, Electricals & Electronics, Aerospace & Defense, Metals & Machinery), Payload (<50 kg, 50–150 kg, and >150 kg), and Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Global Forecast, 2018 to 2028” study provides an elaborative view of historic, present and forecasted market estimates.

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The global robotic welding market size is projected to reach nearly USD 9.1 billion by 2028. Additionally, the market is forecasted to grow a CAGR of above 8.9% over the forecast period of 2020-2028. On welding lines, the adoption of welding robots guarantees improved efficiency. This has decreased serious labour accidents, improved speed & quality of order delivery, and increased uptime with lower costs. The aerospace, construction, and metal industries implement automatic welding technologies to cut costs, save time , and increase the efficiency of welding. This technology further improves the effective usage of working space and increases the efficiency of the supply chain in end-user industries.

The report also outlines the various characteristics of the global robotic welding industry by assessing the market from value chain analysis. Moreover, the robotic welding market report comprises various qualitative parts of the robotic welding industry in market restraints, essential industry drivers, and opportunities. Furthermore, the report provides a complete assessment of the market through company profiling and the competitiveness of the local as well as global vendors.

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The robotic welding market has huge competition amongst the already well-known and new market players. Also, the robotic welding industry players are pursuing potential markets to seize a competitive lead among the other industry players by forming mergers & acquisitions, agreements, acquiring other companies & new startups, establishing collaboration & partnerships, and growing their business existence.

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