(MENAFN - EIN) NEW YORK, April 01, 2019 (GLOBE NEWSWIRE) -- The global spot welding robot market is projected to grow with a significant CAGR of 7.8% during the forecast period. Factors impelling the growth of the market include; growing demand for efficient welding coupled with increasing demand for automation in industries. In addition, rapid advancement in technologies is further projected to propel the market growth.
Spot welding (resistance welding) robots are deployed for joining thin metal sheets of thickness ranges up to 3mm, when the metals resist electric current. These robots are quick automating solution for welding, and are widely adopted for serving many advantages such as optimum utilization of space, and high operational efficiency among others. Furthermore, it also enables enhanced product quality along with decreased manufacturing cycling time. Moreover, these robots are available in different sizes as per payload capacity, which results in the increasing applications of spot welding robots in various end-use industries. In addition, it is anticipated that the demand for spot welding robots has been considerably rising in automotive industries, on account of the increasing requirement for large scale production as well as complex welding profile of the parts.
Key findings from the report:
On the basis of type, articulated robot segment dominated the market in 2017, and is likely to retain its dominance over the forecast period. On the basis of end-use, automotive industry is projected to register the highest CAGR over the forecast period. However, electronics and semiconductor industry is likely to emerge as the fastest growing market during 2018-2024. Major players operating in the global spot welding robot market includes MOTOMAN ROBOTICS EUROPE, NACHI-FUJIKOSHI CORP, TECHNAX, ABB, FANUC Europe Corporation, Kawasaki Heavy Industries, Ltd., Yaskawa Electric Corporation, FANUC America Corporation, KUKA AG, Comau, and Nachi Robotics Systems, Inc. among others. Browse full research report with TOC on "Global Spot Welding Robot Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024" at: https://www.energiasmarketresearch.com/global-curing-agents-market-report/
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Global Spot Welding Robot Market - Regional Insight
Geographically, Asia-Pacific is held the largest market share for global spot welding robot market in 2017, and is likely to retain its dominance over the forecast period. The growth in the region is attributed to the increasing adoption of advanced welding technology for manufacturing activities, and growing demand for automation in automotive industry. Moreover, high penetration of welding robots with rising capital investments is further anticipated to boost the regional market growth.
The report segments the global spot welding robot market on the basis of type, end-use, and region. By Type Articulated Robots Cartesian Robots Others By End-Use Automotive Industry Electronics and Semiconductor Metal Fabrication Industry Defense and Aerospace Others By Region: North America U.S Canada Europe UK France Germany Italy Spain Rest of Europe Asia-Pacific (APAC) China Japan India Australia Singapore South Korea Rest of Asia-Pacific Latin America Brazil Mexico Argentina Rest of Latin America Middle East and Africa Saudi Arabia Rest of MEA
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