|By Business Wire||
|August 6, 2013 06:15 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/ft2lbv/global_welding) has announced the addition of the "Global Welding Robots Market 2012-2016" report to their offering.
The analysts forecast the Global Welding Robots market to grow at a CAGR of 5.73 percent over the period 2012-2016. One of the key factors contributing to this market growth is need for faster time to market. The Global Welding Robots market has also been witnessing the increasing focus on providing end-to-end solutions. However, limited knowledge about welding robots' functionalities could pose a challenge to the growth of this market.
The key vendors dominating this space include ABB Ltd., Fanuc Corp., KUKA AG, and Yaskawa Electric Corp.
The other vendors mentioned in this report are Denso Wave Inc., Kawasaki Robotics Inc., Mitsubishi Electric Automation Inc., Omron Corp., Panasonic Corp., and Toshiba Machine Co. Ltd.
Commenting on the report, an analyst from the team said: Manufacturing companies are increasingly adopting industrial robots for automating their manufacturing and assembly processes. Therefore, end-users across the globe are showing a preference for end-to-end solutions from industrial robot vendors rather than installing standalone products from different vendors. The use of end-to-end solutions using industrial robotics is expected to have a positive impact on the overall productivity and operational efficiency of organizations. This also reduces production and assembly errors, and thus helps end-users focus on their core business processes. Thus, many vendors have started to provide end-to-end robotic products and systems, which help vendors gain an edge over other competitors in the market. Therefore, the focus on end-to-end solutions is an important trend that is expected to have a positive impact on the growth of the Global Welding Robots market during the forecast period.
According to the report, the need for faster time to market is one of the major drivers of the market. Welding robots ensure superior quality of the end-product without manufacturing errors in a short period of time. Their use improves the speed of the manufacturing process by integrating various steps involved in the manufacturing system.
For more information visit http://www.researchandmarkets.com/research/ft2lbv/global_welding
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