United States Robotic Welding Market Forecast 2022-2028

United States Robotic Welding Market Forecast 2022-2028KEY FINDINGS

The United States robotic welding market is predicted to accelerate with an 8.92% CAGR between the estimated period, 2022-2028. The market growth is driven by cost benefits, installation of industrial robots to increase efficiency & accuracy, and achieve faster completion of projects drive the market growth.

MARKET INSIGHTS

Metal, automotive, and fabrication industries include automated technology for welding to deliver better quality, reduce cost, and save time. This technology also enhances supply chain performance and improves the efficiency of working space in the end-user industries. At the University of Illinois Urbana-Champaign, researchers have introduced a cap to transfer brain waves into robotic welding arms to perform various operations. Hence, automatic robot systems help reduce employees’ workload while collaborating for higher efficiency.

In the United States, with the ongoing trade war and growing concern related to unemployment, the federal government emphasized bringing back the manufacturing companies, which was shifted overseas to attain cost competitiveness expected to fuel the adoption of welding robotics in the country by announcing tax benefits to manufacturers. Therefore, the growing emphasis on strengthening the manufacturing industry and the high inclination toward automation are projected to create ample growth opportunities for the United States market players.

COMPETITIVE INSIGHTS

Leading market players driving the market include Miller Electric Company, Lincoln Electric Company, etc.

Our report offerings include:

• Explore key findings of the overall market

• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)

• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions

• Market Segmentation caters to a thorough assessment of key segments with their market estimations

• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share

• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.

• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.

• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments