TOP 10 COMPANIES IN ROBOTIC WELDING MARKET | Meticulous Blog

According to the latest publication from Meticulous Research®, the Robotic Welding Market is expected to reach $6.77 billion by 2029, at a CAGR of 6.2% from 2022 to 2029. The growth of this market is driven by the increasing adoption of industry 4.0 principles and the rising adoption of welding robots in the automotive industry. However, the high initial cost of installing welding robots is expected to restrain the growth of this market.

Government initiatives to support digital transformation in Asia-Pacific and the emergence of laser & plasma welding technologies are expected to provide significant growth opportunities for stakeholders in this market. However, the lack of skilled workers for operating welding robots is expected to pose a major challenge to the growth of this market.