Robotic Welding Industry - Regional Synopsis
On the basis of geographical analysis, the robotic welding market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is likely to hold largest revenue share by 2037, attributed to rising adoption of robotics and automatic technology, along with higher labor cost in the region. Moreover, growing construction activities, and automobile manufacturing in the region, are estimated to boost the regional market growth.
The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of the presence of many robotic manufacturing companies in China and Japan, along with rising industrial development in the region. On the other hand, the market in Europe is projected to grow owing to the rising trends for industry 5.0 and for the surge in advancements from industry 4.0 concepts.
