To build the Vectis Cobot Welding Tool, Vectis Automation collaborated with Universal Robots
In October 2019, the Vectis Cobot Welding Tool, developed by Vectis Automation and Universal Robots, aims to increase manufacturing efficiency by lowering the learning curve, deployment time, risk, and cost of robotic welding. An UR10e cobot powers the device, and a low-risk rent-to-own option is also offered. These two businesses will display the tool on November 11 at the FABTECH trade event in Chicago.
Laying the Groundwork for Evolutionary Upgrades through Industry 4.0 Adoption
Every time a new method is introduced, the makers emphasize the creation of sophisticated software interfaces, which drives the demand for innovation. One such technique that has transformed these procedures is the implementation of industry 4.0. It is transforming the industrial process by establishing the norm for data sharing and automation to meet the rising need for operations across the automotive, mining, construction, railway, and shipbuilding industries. Through welding robots and Industry 4.0, repetitive production processes are now more accurate and efficient. Industry 4.0 adoption is a concern for the top firms as well.
Market Expansion To Be Limited Due To Rising Price Competition In APAC
The production base of suppliers has moved to Asia due to pricing pressure and the industrial robots' year-over-year declining price. Although the overall cost of the market in focus has decreased due to competition in this area, vendors are under tremendous pressure to lower costs even further to obtain a competitive advantage and boost profit margins. Vendors also aim to establish connections with subcomponent suppliers who provide the most affordable goods. Many European and American manufacturers have previously entered the Asian markets. However, the established American and European vendors have found it challenging to bolster their presence due to the strong foothold that Chinese sellers have in the area. Regarding product pricing, Asian sellers are in a superior position, making it difficult for their western counterparts to compete.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the welding robots market plan acquisitions to improve their brand recognition globally. For instance, in October 2020, A flexible welding robots solution was introduced by KEMPPI. This solution creates a system suitable for all welding robots, quick and easy to install, and includes specialist MIG/MAG welding equipment, application software, and welding algorithms. While welding programs have been improved for automated welding, broadening the pool of welding applications to automation, the Wise application software boosts productivity.
- April 2021: OMRON and AWL-Techniek unveiled the Qube flexible cobot welding cell. Businesses may now offer innovative goods more quickly, automate small-batch welding, and assure the secure cohabitation of people and machines with the help of this cell.
List of Key Players Profiled in the Report
- ABB, Ltd.
- DAIHEN Corporation
- Denso Corporation
- Fanuc Corporation
- Kawasaki Heavy Industries, Ltd
- KUKA AG
- Nachi-Fujikoshi Corp
- Panasonic Corporation
- Siasun Robot & Automation Co Ltd
- Yaskawa Electric Corporation
Further Report Findings
- The market in the Asia Pacific is expected to gain a huge portion of the global welding robots market share in the coming years. The presence of important corporations in developing nations like India is driving the rise of the regional market's income.
- Additionally, it is anticipated that this region's market will increase as a result of industry adoption of automation and rising technological advancement.
- In North America, the growth in this region is primarily driven by increasing research and development by several major corporations to introduce novel products.
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