Connect with us

Technology

Industrial Welding Robots Market size is set to grow by USD 3.10 billion from 2024-2028, Growing popularity of industrial robots in APAC to boost the market growth, Technavio

Published

on

NEW YORK, July 9, 2024 /PRNewswire/ — The global industrial welding robots market is witnessing significant growth, driven by the increasing adoption of industrial robots, particularly in the Asia-Pacific region. This growth is fueled by the emergence of collaborative arc welding robots, which are enhancing operational efficiency. Despite these advancements, challenges such as operational complexities persist. Industries utilizing robotic welding include automotive, manufacturing, construction, and aerospace. Key players in this market include ABB Ltd., FANUC Corp., Kawasaki Heavy Industries Ltd., and The Lincoln Electric Co., among others.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Spot welding robots, Arc welding robots, and Laser welding robots), End-user (Automotive, Electrical and electronics, Heavy machinery, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

ABB Ltd., Acieta LLC, Bystronic Laser AG, Carl Cloos Schweisstechnik GmbH, Daihen Corp., EWM AG, FANUC Corp., HD Hyundai Co. Ltd., Illinois Tool Works Inc., Kawasaki Heavy Industries Ltd., Kemppi Oy, MIDEA Group Co. Ltd., OMRON Corp., Panasonic Holdings Corp., Smenco Pty Ltd., SRDR Robotics, Stellantis NV, Teradyne Inc., The Lincoln Electric Co., and Yaskawa Electric Corp.

 

Key Market Trends Fueling Growth

Rental companies, such as Hirebotics, Tokyo Century, and ORIX, have become essential players in the industrial welding robots market. These companies offer end-users a comprehensive solution for robot deployment, including programming, maintenance, and repair. They handle installation expenses and provide rental robots equipped with the latest technologies for various industries. The high initial cost of owning industrial welding robots and the complexity of designing and implementing them make renting an attractive option for businesses. Renting industrial welding robots offers a considerable return on investment and eases the burden of ownership and maintenance. The robots-as-a-service (RaaS) model, a pay-as-you-go or subscription-based service, is gaining popularity. It allows businesses to access robotic process automation by leasing robotic devices and subscribing to a cloud-based service instead of purchasing the equipment outright. This trend is expected to expand the growth of the global industrial welding robots market during the forecast period. Despite the potential impact on the revenues of key vendors due to decreased demand for new industrial welding robots, the benefits of renting and RaaS are compelling for businesses. 

The Industrial Welding Robots market is experiencing significant growth due to increasing consumer spending on essential goods and services, including automobiles and consumer goods. Robots are essential in welding various workpieces to weld different parts with high precision, narrow welds, and minimal changes. The latest trends include high welding speed, rework reduction, and high reliability. Laser beam and carbon dioxide welding technologies are popular due to their high power density, low distortion, and improved gap bridging capabilities. Plasma welding technology, including plasma welding torches, vision systems, feeder systems, plasma flow controllers, and other EOAT devices, is gaining traction for high-volume applications. The component segment, including robots, controllers, and other accessories, holds the largest share of the market. The general manufacturing industry and defense industry are the major consumers of welding robots, with resistance spot welding and plasma welding being the most common welding processes. Personnel restrictions and the need for remote welding locations are driving the adoption of collaborative and delta robots. 

Discover 360° analysis of this market. For complete information, schedule your consultation- Book Here!

Market Challenges

Industrial welding robots offer significant returns on investment for repetitive welding tasks. However, the selection process for automating welding depends on factors such as metal part type and operation repeatability. For applications with small batch sizes and large gaps between parts, robot performance can be affected, increasing welding time. Poorly designed fixtures and variations in metal forming can lead to inconsistent welding by robots. Programming robots for batch manufacturing or repair work requires significant time, which can be mitigated through offline programming. However, the use of teach pendants for programming results in extended operational downtime. Consistent metal design with proper gap tolerances is essential for robotic welding, which can be challenging to obtain. Additionally, welding in confined spaces restricts the use of robots in certain end-user segments. These factors may hinder the growth of the global industrial welding robots market during the forecast period.The industrial welding robots market faces challenges in modern manufacturing due to sensors issues and the need for efficiency and flexibility in robotics solutions. Welding applications, such as those in aerospace, construction, and automotive sectors, require precision and repeatability. Robotic systems, including robotic arms and machine vision technologies, are essential for consistent weld quality. However, economic downturns, strict lockdowns, and disrupted supply chains have affected manufacturing facilities and production schedules. Labor costs and raw materials remain significant concerns. To optimize performance, data collection and analysis are crucial for smart manufacturing ecosystems. Laser welding is a major application, with end-use industries including automotive & transportation, metals & machinery, electrical & electronics, and aerospace & defense. Skilled labor shortages persist, highlighting the importance of robotic welding in various sectors. Despite these challenges, the industrial sector continues to demand robotic systems for welding tasks in pipes, metal parts, and structural elements.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This industrial welding robots market report extensively covers market segmentation by

Product 1.1 Spot welding robots1.2 Arc welding robots1.3 Laser welding robotsEnd-user 2.1 Automotive2.2 Electrical and electronics2.3 Heavy machinery2.4 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Spot welding robots- In the manufacturing sector, spot welding is a prevalent process for joining metal sheets in various industries such as automotive, electronics, and heavy machinery. Companies are integrating spot welding robots into their operations to enhance productivity and efficiency. These robots are designed to execute intricate spot welding tasks and ensure consistent process quality. They employ copper alloys for conducting electric current to the welding site and feature a spot welding gun at the robot’s terminal end instead of a conventional end-effector. The spot welding robots market is projected to expand steadily due to the increasing adoption of these robots in automotive, electronics, and heavy machinery industries. The emergence of new materials like composites and carbon fibers in industrial processes will expand the application scope of spot welding robots. Furthermore, advancements in robot technology, including the flexibility to install spot welding robots, multi-robot welding cells, application-specific software, energy-efficient robots, and enhanced spot welding guns, will boost their popularity among industry players during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Industrial Welding Robots market is experiencing significant growth due to the integration of advanced technologies such as cyber-physical systems, cloud robotics, and cloud computing. Big data and data-driven decision-making are becoming essential in modern manufacturing, leading to increased efficiency and flexibility in welding applications. Sensors and real-time data analytics enable robots to adapt to changing conditions in manufacturing facilities. The economic downturn and strict lockdowns caused by the pandemic have disrupted supply chains, production schedules, and transport restrictions. However, industrial robots, including welding robots, have proven to be valuable assets in maintaining production during these challenging times. Welding robot manufacturers continue to innovate, offering advanced robotics solutions to meet the evolving needs of the industry. Despite the challenges, the future of industrial welding robots looks bright, with a focus on improving economic efficiency, enhancing flexibility, and integrating new technologies to optimize welding processes. The market is expected to grow significantly in the coming years, driven by the increasing adoption of automation in manufacturing.

Market Research Overview

The Industrial Welding Robots market is experiencing significant growth due to the integration of advanced technologies such as cyber-physical systems, cloud robotics, and cloud computing. Big data is playing a crucial role in data-driven decision-making, enabling real-time data analytics and performance optimization. Welding robot manufacturers are focusing on developing advanced robotics solutions for various welding applications, including laser welding robots for high-precision tasks and arc welding and spot welding for mass production. The use of sensors, machine vision technologies, and modern manufacturing ecosystems ensures efficiency, flexibility, and consistent weld quality. The market is driven by major application sectors such as aerospace, automotive & transportation, metals & machinery, electrical & electronics, and construction. However, economic downturns, strict lockdowns, and production disruptions due to labor costs, raw materials, and supply chain challenges have impacted the industry. Skilled labor shortages and personnel restrictions have further increased the adoption of welding robots in various sectors. Despite these challenges, the demand for industrial robots continues to grow, driven by the need for high-volume applications, increased precision, and minimal changes in the manufacturing process. The market is expected to continue its growth trajectory, with laser welding, carbon dioxide, and optics being key technologies driving innovation in the industry. End-use sectors such as automotive & transportation, consumer goods, and machinery are expected to remain major contributors to the market’s growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductSpot Welding RobotsArc Welding RobotsLaser Welding RobotsEnd-userAutomotiveElectrical And ElectronicsHeavy MachineryOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/industrial-welding-robots-market-size-is-set-to-grow-by-usd-3-10-billion-from-2024-2028–growing-popularity-of-industrial-robots-in-apac-to-boost-the-market-growth-technavio-302191045.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

BOLLINGER MOTORS PARTNERS WITH NATIONAL AUTO FLEET GROUP FOR GOVERNMENT FLEET VEHICLE SALES

Published

on

By

Bollinger B4 Class 4 Electric Trucks Provide Electrification Solution Through NAFG Sourcewell Contract Agreement

OAK PARK, Mich., Nov. 15, 2024 /PRNewswire/ — Bollinger Motors, Inc., a commercial electric vehicle (“EV”) manufacturer, today announced it has partnered with National Auto Fleet Group (NAFG) to sell its all-electric Class 4 Bollinger B4 commercial trucks to government agencies through NAFG’s Sourcewell-awarded contract #032824-NAF.

“Bollinger Motors is excited to work with National Auto Fleet Group to bring the Bollinger B4 to one of our most important customer groups, government entities at all levels,” said Jim Connelly, chief revenue officer of Bollinger Motors. “Government agencies and municipalities are often early adopters for electrification and electric vehicle fleets. We look forward to partnering with NAFG, and their history of bringing innovative products and solutions to this important segment.”

The Bollinger B4 Chassis Cab is an all-new, all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. The vehicle has a range of 185 miles and a payload of 7,394 lbs. Bollinger’s unique chassis design protects the 158-kwh battery pack and components to offer unparalleled capability, performance and safety in the commercial market. The Bollinger B4 is an excellent fit for commercial and government/municipal fleets looking for a world-class truck, capable of performing a variety of job functions.

“At National Auto Fleet Group, we take pride in helping municipalities find and manage their fleet vehicles,” said Ben Rodriguez, HD Manager of National Auto Fleet Group. “The Bollinger B4 is an excellent addition to our vehicle portfolio and will help fill a key product need for multiple government organizations developing electrification strategies.”

Sourcewell is a self-sustaining government organization, with more than 40 years of dedicated service helping government, education, and nonprofit agencies operate more efficiently through a variety of solutions. NAFG is a vehicle vendor catering to government agencies and municipalities across the country. The agreement with NAFG provides Bollinger Motors a conduit to winning more government contracts.

Bollinger Motors has passed numerous milestones in the past several months, including:

Its production launch on Sept. 16;Regulatory achievements including FMVSS compliance, receiving the Certificate of Conformity from the Environmental Protection Agency, and CARB certification;A 145-vehicle agreement with Momentum Group;A 70-vehicle agreement with Doering Fleet Management;A 50-vehicle agreement with EnviroCharge;The addition of Anderson Motors, TEC Equipment, Affinity Truck Center, Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Automotive Group as dealers and service centers;Working with Our Next Energy in Novi, Michigan, to supply battery packs;Providing a full warranty coverage of the B4 chassis cab; and,Announcing Syncron as its warranty administration partner and Amerit Fleet Solutions as its mobile service provider.

ABOUT BOLLINGER MOTORS

Founded in 2015 by Robert Bollinger, Bollinger Motors, Inc. is a U.S.-based company headquartered in Oak Park, Mich. Bollinger Motors is developing all-electric commercial chassis cab trucks, Classes 4-6. In September of 2022, Bollinger Motors became a majority owned company of Mullen Automotive, Inc. (NASDAQ: MULN). Learn more at www.BollingerMotors.com and www.MullenUSA.com.

FORWARD-LOOKING STATEMENT

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Bollinger Motors and are difficult to predict. Examples of such risks and uncertainties include: (a) Bollinger Motors’ continued partnership with NAFG and NAFG’s ability to sell Bollinger Motors vehicles; (b) Bollinger Motors’ ability to finalize a sales agreement with Momentum Group, Doering Fleet Management, and EnviroCharge and deliver purchased vehicles on schedule; (c) Bollinger Motors’ continued partnership with Nacarato Truck Centers, TEC Equipment, Affinity Truck Center, Nuss Truck & Equipment, and LaFontaine Automotive Group; (d) Bollinger Motors’ continued partnership with Our Next Energy as a battery supplier; (e) Bollinger Motors’ continued relationship with Syncron as its warranty administration provider; and (f) Bollinger Motors’ continued relationship with Amerit Fleet Solutions as its mobile service provider.

Additional examples of such risks and uncertainties include but are not limited to: (i) Bollinger Motors’ ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Bollinger Motors’ ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Bollinger Motors’ ability to successfully expand in existing markets and enter new markets; (iv) Bollinger Motors’ ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Bollinger Motors’ business; (viii) changes in government licensing and regulation that may adversely affect Bollinger Motors’ business; (ix) the risk that changes in consumer behavior could adversely affect Bollinger Motors’ business; (x) Bollinger Motors’ ability to protect its intellectual property; (xi) the vehicles developed will perform as expected and (xii) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Mullen Automotive, Inc., of which Bollinger Motors is a partially owned subsidiary, with the Securities and Exchange Commission. Bollinger Motors anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Bollinger Motors assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether because of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Bollinger Motors’ plans and expectations as of any subsequent date.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bollinger-motors-partners-with-national-auto-fleet-group-for-government-fleet-vehicle-sales-302307122.html

SOURCE Bollinger Motors

Continue Reading

Technology

Furniture.com Launches Deal Finder to Help Shoppers Find Every Single Furniture Deal Online and In-Store this Holiday Season

Published

on

By

Furniture.com’s Deal Finder will source the best deals in furniture

ATLANTA, Nov. 15, 2024 /PRNewswire/ — Furniture.com, today announced the launch of its Deal Finder, a feature designed to connect shoppers with the best furniture and home goods deals online and in their neighborhoods. Deal Finder is the first of many shopper experience tools that Furniture.com will unveil as it grows in the US market.

About the Deal Finder
The Deal Finder aggregates every furniture deal and promotion from recognizable and trusted brands so customers don’t have to worry about finding the best deals in furniture. Customers easily input their location and find the most relevant deals online and near them.

By utilizing advanced algorithms and real-time data analytics, The Deal Finder will match shoppers with furniture that feels like them, is from a brand they trust, and is nearby.  By bridging the gap between consumers and retailers, and clearing out the unnecessary pop-ups and wild goose chases, Deal Finder will empower users to discover discounts and exclusive offers all while finding incredible design.

Shoppers will find deals from brands like One Kings Lane, Rooms To Go, Lamps Plus and more. To start shopping for better deals this holiday season, check it out here.

The Deal Finder is Part of Furniture.com’s Larger Plan to Re-invigorate Furniture Buying for Everyone.
Searching for furniture can be stressful and furniture buying has long been a point of contention for shoppers: 90% of furniture buyers prefer to test out furniture in-person before making a decision while 74% of buyers start the furniture search online. Furniture.com presents buyers with the tools they need to whittle down their furniture search process so that they can make their decisions faster and more confidently.

“Finding the best deal can be overwhelming. Our Deal Finder will help shoppers in a plethora of ways: from cutting down on hours spent online, to finding local furniture they can actually try out, to making sure they are getting the best deals,” said Alex Seaman, SVP and Co-Founder at Furniture.com “With Deal Finder, we are redefining the shopping experience by ensuring that every consumer can find the products they love without the hassle of endless searching.”

Furniture.com uses intuitive tech, AI, and location-based information to help shoppers find better deals and ultimately, the furniture they crave. The platform is set to transform the way consumers shop, making the furniture buying experience easier, more enjoyable and affordable.

“At Furniture.com, we’re focused on innovating the shopping experiences for retailers and consumers alike,” said Dan Bennett, Chief Marketing Officer at Furniture.com. “We’re committed to revolutionizing how we visualize, experience and purchase from brands in the home goods space and Deal Finder is just the beginning.”

About Furniture.com
Furniture.com is a high-growth technology business that is addressing fundamental challenges in the $200 billion U.S. furniture space. We have one mission: Make finding furniture easy and enjoyable. We have built an advanced discovery tool that facilitates, enhances, and streamlines the furniture purchase journey — both for B2C and B2B. Consumers can search across dozens of brands and thousands of products using our proprietary algorithm, AI tools, and comparison filters to find exactly what they’re looking for. For retail partners, we deliver a digital platform that’s been proven to expand their reach with a new, high-intent furniture audience.

Our team is comprised of world-class furniture experts, technologists, and brand builders. We are data-driven, solution-oriented, and general enthusiasts of beautiful designs and experiences. You can find us in one of our two offices, located in Atlanta and NYC.

View original content to download multimedia:https://www.prnewswire.com/news-releases/furniturecom-launches-deal-finder-to-help-shoppers-find-every-single-furniture-deal-online-and-in-store-this-holiday-season-302307041.html

SOURCE Furniture.com

Continue Reading

Technology

CaloPal: The Calorie AI Assistant That Makes Weight Loss Easier

Published

on

By

NEW YORK, Nov. 15, 2024 /PRNewswire/ — As the focus on healthy lifestyles grows worldwide, CaloPal introduces a groundbreaking AI-powered calorie tracking assistant, providing global users with a simple and scientific tool for weight management. Using advanced AI technology, CaloPal helps users track their daily calorie intake in real time and offers personalized dietary and health management advice, simplifying the health management process and creating a more effective weight loss solution.

Science shows that the core of weight loss lies in balancing calorie intake and expenditure. However, many people don’t fully understand the connection between food and calories, making it challenging to track food calories and plan calorie intake. Previously, people had to manually input data and perform complex operations to obtain relevant information, which made these tools cumbersome and hard to maintain over time. Additionally, earlier health tools such as calorie counter and calorie tracker couldn’t offer personalized dietary advice, making weight control a lengthy and frustrating process. Now, everything is about to change. CaloPal ensures calorie data accuracy while providing users with personalized dietary recommendations, making weight loss a much easier journey.

Nick, the founder of CaloPal, stated, “CaloPal is a revolutionary AI calorie tracking application designed for users focused on health and weight management. We’ve simplified the calorie tracking process with the latest AI technology. Users only need to take a photo of their food, and CaloPal will automatically identify the food type, analyze its components, calculate calories, and provide a nutritional breakdown. CaloPal allows users to effortlessly track their daily calorie intake without manual input, making health management much more convenient and supporting long-term calorie tracking. Additionally, CaloPal offers personalized dietary recommendations based on users’ data, helping them achieve their weight management goals more easily through balanced nutrition.”

CaloPal assists users in controlling weight through the following features:

Smart Food RecognitionReal-Time Nutritional Data AnalysisPersonalized Weight Loss RecommendationsDiet and Weight Tracking

CaloPal is now available for users to try for free through the app (App Store download link: CaloPal on App Store) and the website, Fitness Pal will be released later this month。For more information about this product and the latest updates on CaloPal, please visit our website:https://calopal.ai/

Media Contact
contact@calopal.ai

View original content:https://www.prnewswire.com/news-releases/calopal-the-calorie-ai-assistant-that-makes-weight-loss-easier-302305614.html

SOURCE CaloPal

Continue Reading

Trending