Business Industry Reports Robotic Welding Market 2019

Robotic Welding Market 2019:
estimated to touch 5520 million $
globally by 2023
New report on: “Global Robotic Welding Market 2019-2023”. The report
provides the newest industry data and industry future trends. The industry
report lists the leading competitors and provides the insights strategic
industry Analysis of the key factors influencing the market.
This Report covers the Major Players data, including: shipment, revenue, gross profit, interview
record, business distribution etc., these data help the consumer know about the competitors’ better.
This report also covers all the regions and countries of the world, which shows a regional
development status, including market size.
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The Robotic Welding market size to maintain the average annual growth rate of 8.9% from 2780
million $ in 2014 to 3590 million $ in 2017, market analysts believe that in the next few years,
Robotic Welding market size will be further expanded, we expect that by 2023, The market size of
the Robotic Welding will reach 5520 million $.
In robotic welding, automated programmable tools such as robots are used to mechanize the
process of welding by performing both the weld and part handling. In fact, robotic welding is
generally used for resistance spot welding and arc welding in high production applications such as
automotive sector.
Among the industry segments, Automotive and transportation industry is expected to grow at the
highest CAGR during the forecast period; the growth of this segment is contributed through
increasing vehicle demand in emerging economies and increasing adoption of electric vehicles
throughout the globe.
Furthermore, the robotic welding activities may give rise to unemployment when deployed in
countries with a growing population base. Nevertheless, robotic welding can improve the accuracy
and time-efficiency in the firms and can be used to perform repetitive & monotonous tasks. In