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COVID-19 Recovery Analysis: Spot Welding Robots Market | High Operational Efficiency of Spot Welding Robots to Boost Market Growth

COVID-19 Recovery Analysis: Spot Welding Robots Market | High Operational Efficiency of Spot Welding Robots to Boost Market Growth

Technavio has been monitoring the spot welding robots market and it is poised to grow by USD 79.40 million during 2020-2024, progressing at a CAGR of about 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201007005533/en/

Technavio has announced its latest market research report titled Global Spot Welding Robots Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Comau Spa, DAIHEN Corp., FANUC Corp., Fiat Chrysler Automobiles NV, Kawasaki Heavy Industries Ltd., Midea Group Co. Ltd., NACHI-FUJIKOSHI Corp., The Lincoln Electric Co., and Yaskawa Electric Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The high operational efficiency of spot welding robots has been instrumental in driving the growth of the market. However, the low adoption of robots among SMEs might hamper the market growth.

Technavio’s custom research reports offer detailed insights on the

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