PUBLISHER: Inkwood Research | PRODUCT CODE: 1126319
PUBLISHER: Inkwood Research | PRODUCT CODE: 1126319
The North America robotic welding market is anticipated to grow with an 8.93% CAGR during the assessment years, 2022-2030. Vast industrial infrastructure, favorable economic policies, the presence of developed economies, and high GDP per capita produce market growth opportunities in the region.
The North America robotic welding market growth analysis includes the study of United States and Canada. With high GDP per capita, Canada has a positive outlook toward adopting advanced technology. Canada is also highly inclined to automation across the industrial and commercial sectors. With the government's focus on strengthening the country's manufacturing sector by providing tax benefits, companies from various verticals are investing significantly in setting up manufacturing facilities in Canada.
Additionally, Canada has launched over 28 semiconductor companies in the past few years. Therefore, it is anticipated that increasing manufacturing activities and a lack of qualified workers in Canada will push automation, providing positive growth possibilities for welding robotics market participants. Also, Canada contributes to a significant number of manufacturing facilities in Canada, which is a major factor in the country's high adoption rate of welding robotics.
Some of the key market players include: Lincoln Electric Company, Hyundai Corp, ABB Ltd, Miller Electric Company, etc.