DUBLIN, Oct. 16, 2015
Research and Markets (http://www.researchandmarkets.com/research/657b89/global_industrial) has announced the addition of the "Global Industrial Welding Robots Market 2015-2019" report to their offering.
The global industrial welding robot market to grow at a CAGR of 6.09% over the period 2014-2019.
The report covers the current scenario and the growth prospects of the global industrial welding robot market for the period of 2015-2019. To calculate the market size, the report considers revenue generated from the sales of industrial welding robots such as arc, spot, and laser welding robots in the automotive, electrical and electronics, heavy machinery, and other industries. The report also includes a discussion of the key vendors operating in this market.
Some major end-user segments like oil and gas, railways, and shipbuilding industries have witnessed a growing number of projects by the governments and major vendors such asover the past couple of years. Expanding pipeline networks and a shift toward the use of high-strength steel have accelerated demand for welding robots in the oil and gas sector.
According to the report, the automotive industry is investing heavily in welding robots to boost efficiency and productivity in manufacturing. In addition, a reduction in the total cost of ownership of welding robots has boosted the commercial prospects of the market.
Further, the report states that the lack of awareness about welding robots at a regional level and at certain end-user levels hinder market growth. In addition, there is a shortage of skilled workers in the market.
Other prominent vendors
For more information visit http://www.researchandmarkets.com/research/657b89/global_industrial
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SOURCE Research and Markets