Arc Welding Robots Market Analysis Highlights the Impact of COVID-19 (2020-2024) | High Use of Robots in Aerospace Industry to Boost the Market Growth | Technavio
Technavio has been monitoring the arc welding robots market and it is poised to grow by USD 1.1 billion during 2020-2024, progressing at a CAGR of 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Arc Welding Robots Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
Based on segmentation by product, which is the leading segment in the market?
The consumable arc welding robots segment is expected to be the leading segment in the global market during the forecast period.
At what rate is the market projected to grow?
Growing at a CAGR of almost 7%, the incremental growth of the market is anticipated to be USD 1.1 billion.
Who are the top players in the market?
ABB Ltd., Carl Cloos Schweisstechnik GmbH, FANUC Corporation, Kawasaki Heavy Industries Ltd., Midea Group, Mitsubishi Electric Corporation, NACHI-FUJIKOSHI Corp., Panasonic Corporation, Teradyne Inc., and Yaskawa Electric Corporation. are some of the major market participants.
What are the key market drivers and challenges?
High use of robots in aerospace industry and inclusion of sensing technology to design adaptive arc welding robots are the major factors driving the market. However, the operational challenges associated with arc welding robots restraints the market growth.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. ABB Ltd., Carl Cloos Schweisstechnik GmbH, FANUC Corporation, Kawasaki Heavy Industries Ltd., Midea Group, Mitsubishi Electric Corporation, NACHI-FUJIKOSHI Corp., Panasonic Corporation, Teradyne Inc., and Yaskawa Electric Corporation are some of the major market participants. The high use of robots in aerospace industry will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Arc Welding Robots Market 2020-2024: Segmentation
Arc Welding Robots Market is segmented as below:
Product
Consumable Method
Non-consumable Method
Geographic Landscape
APAC
Europe
MEA
North America
South America
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Arc Welding Robots Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The arc welding robots market report covers the following areas:
Arc Welding Robots Market Size
Arc Welding Robots Market Trends
Arc Welding Robots Market Analysis
This study identifies the inclusion of sensing technology to design adaptive arc welding robots as one of the prime reasons driving the arc welding robots market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Arc Welding Robots Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist arc welding robots market growth during the next five years
Estimation of the arc welding robots market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the arc welding robots market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of arc welding robots market vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Comparison by Product placement
Consumable method - Market size and forecast 2019-2024
Market opportunity by Product
Non-consumable method - Market size and forecast 2019-2024
Market opportunity by Product
Customer Landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Market drivers
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market challenges
Market trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
ABB Ltd.
Carl Cloos Schweisstechnik GmbH
FANUC Corporation
Kawasaki Heavy Industries Ltd.
Midea Group
Mitsubishi Electric Corporation
NACHI-FUJIKOSHI Corp.
Panasonic Corporation
Teradyne Inc.
Yaskawa Electric Corporation
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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