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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

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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.

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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. 

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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.

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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/

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SOURCE Technavio

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The Great Reset, the First Photorealistic AI Film Makes History at the Cannes Film Festival

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The film produced entirely with artificial intelligence positions Spanish filmmaker Daniel H. Torrado as a pioneer in a new era of cinema.

CANNES, France, May 23, 2025 /PRNewswire/ — Following its screening at the European Film Market of the Berlin International Film Festival (Berlinale) last February, the apocalyptic sci-fi thriller ‘The Great Reset’ has been presented at the Cannes Film Festival’s Marché du Film. It is the first time that a feature film created with artificial intelligence (AI) has been presented at the world’s leading professional film market, where it has aroused significant interest among distributors and specialised media.

The work, written and directed by award-winning filmmaker Daniel H. Torrado, is both a narrative and technological milestone and positions the Spanish filmmaker as a pioneer in a new era of cinema.

The innovative impact of ‘The Great Reset’ has been recognised by the prestigious specialist magazine The Hollywood Reporter, which dedicated in its special edition on the Cannes Film Festival an article entitled ‘Spain tests the waters of artificial intelligence’. The article highlights the pioneering role of the film and especially Torrado’s participation in the advances of artificial intelligence in the audiovisual field.

It is a production of the companies Virtual World Pictures and Canary Film Factory.

The project began in 2023 with the writing of the script. Over the last year, the AI workflow has been designed and optimised, including fine-tuning of the models, to ensure full control over the creativity of the material generated. Although the entire film was computer generated, and all sets and characters were created digitally, some scenes used actors as reference for acting and dubbing.

AI was involved in all stages of production and post-production, from image and animation generation to sound design, but always with human supervision.

“We are very proud to present The Great Reset at the Cannes Film Festival’s Marché du Film, a space where the most innovative ideas in contemporary cinema converge. It will undoubtedly be a key impulse to introduce the world to this story that explores not only the narrative potential of AI, but also its ability to transform the film industry,” said Torrado.

In the film, an artificial intelligence, created from the mind of an unscrupulous hacker, sets in motion an apocalyptic plan to destroy the world in order to save the only person he has ever loved: his daughter. Faced with the collapse of humanity and the echoes of a broken past, Emma embarks on a desperate race to save the world.

Trailer: https://vimeo.com/1082697453/30033a63b9

Media Contact:
Jose Hernandez, Virtual World Pictures
***@virtualworldpictures.com
+34 604 96 44 72

Photos:
https://www.prlog.org/13076582

Press release distributed by PRLog

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SOURCE Virtual World Pictures

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GreenPower Announces Results of Annual General and Special Meeting and Appointment of Officers

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VANCOUVER, BC, May 23, 2025 /CNW/ — GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (the “Company”), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announces the results of the Annual General and Special Meeting (AGM) that was held today.

The shareholders elected all of management’s director nominees being Mark Achtemichuk, Fraser Atkinson, Malcolm Clay, Sebastian Giordano, David Richardson and Brendan Riley.

The shareholders also re-approved the Company’s 2022 Equity Incentive Plan and appointed BDO Canada LLP as the Company’s auditors for the ensuing fiscal year.

Following the AGM the Directors of the Company appointed the following officers of the Company for the ensuing year:  Fraser Atkinson – Chairman and Chief Executive Officer, Brendan Riley – President and Michael Sieffert – Chief Financial Officer and Corporate Secretary.

Contact

Fraser Atkinson, CEO 
(604) 220-8048

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose-built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. © 2025 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company

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Caris Life Sciences Files Registration Statement for Proposed Initial Public Offering

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IRVING, Texas, May 23, 2025 /PRNewswire/ — Caris Life Sciences® (“Caris”), a leading, patient-centric, next-generation AI TechBio company and precision medicine pioneer, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Caris has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “CAI.”

BofA Securities, J.P. Morgan and Goldman Sachs & Co. LLC will act as lead book-running managers for the proposed offering. Citigroup will also act as a book-running manager for the proposed offering. TD Cowen, Evercore ISI and Guggenheim Securities will act as additional book-running managers for the proposed offering. BTIG and Wolfe | Nomura Alliance will act as co-managers for the proposed offering.

The proposed offering will be made available only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255, Attention: Prospectus Department or by email: dg.prospectus_requests@bofa.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email: prospectus-eq_fi@jpmchase.com; or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282 or by email: prospectus-ny@ny.email.gs.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Caris Life Sciences
Caris Life Sciences® (Caris) is a leading, patient-centric, next-generation AI TechBio company and precision medicine pioneer that is actively developing and commercializing innovative solutions to transform healthcare. Through comprehensive molecular profiling (Whole Exome and Whole Transcriptome Sequencing) and the application of advanced AI and machine learning algorithms at scale, Caris has created the large-scale, multimodal clinico-genomic database and computing capability needed to analyze and further unravel the molecular complexity of disease. This convergence of next-generation sequencing, AI and machine learning technologies, and high-performance computing provides a differentiated platform to develop the latest generation of advanced precision medicine diagnostic solutions for early detection, diagnosis, monitoring, therapy selection and drug development.

Caris was founded with the belief and vision that combining a vast set of consistently generated molecular information with robust data-driven insights could realize the potential of precision medicine for patients. Headquartered in Irving, Texas, Caris has offices in Phoenix, New York, Cambridge (MA), Tokyo, Japan and Basel, Switzerland. Caris or its distributor partners provide services in the U.S. and other international markets.

Caris Life Sciences Media:
Corporate Communications
CorpComm@CarisLS.com
214.294.5606

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