Global spot welding robot market
Technavio’s latest market research report on the global spot welding robot market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
According to Technavio analysts, the global spot welding robot market will grow at a CAGR of close to 8% during the forecast period. The high operational efficiency of spot welding robots is a major factor driving the market’s growth.
“Spot welding robots provide high operational efficiency when compared with CNC machines and manual handling operations. Spot welding robots increase repeatability and reliability, ensure safety and enable optimum utilisation of space as well as reduce material loss,” said the analyst.
In the report, Technavio highlights the increasing adoption of multi-robot cells as one of the key emerging trends driving the global spot welding robot market.
“Multi-robot cells are gaining traction among industry players due to the increasing focus on lean manufacturing. In multi-robot cells, multiple robots are placed to accomplish a task which is controlled by a single controller and can also add a robotic arm in the workcell to improve productivity. A single point of control while running multiple robots helps to prevent collisions, simplifying the programming structure and reducing integration cost,” explained the analyst.
According to Technavio, the automotive industry segment held the largest market share in 2017, accounting for nearly 39% of the market. The market share for this end-user segment is expected to increase by 2022. The fastest growing end-user is the electronics and semiconductor industry, which will account for 28% of the total market share by 2022.
“APAC was the leading region for the global spot welding robots market in 2017, accounting for a market share of 62%, followed by EMEA and the Americas. By 2022, APAC is expected to witness a growth of nearly 2% in market share. APAC will continue to be the leading region for the global spot welding robots market during the forecast period,” concluded the analyst.
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