PUBLISHER: Inkwood Research | PRODUCT CODE: 1126320
PUBLISHER: Inkwood Research | PRODUCT CODE: 1126320
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.
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.
Leading market players driving the market include: Miller Electric Company, Lincoln Electric Company, etc.