In the Market Research Report published by Fortune Business Insights in November 2020, SMENCO was recognised among the industry’s key players in advancing the robotic welding market for the forecast period of 2020 to 2027.
With occupational injuries identified as the major restraint of the welding industry, companies are consistently improving their processes by further incorporating advanced robotic technology.
The increasing adoption of robotic welding equipment and automated technology has resulted in lesser risks for occupational injuries and greater demand in technology innovation across the automotive, construction, mining, railway, and shipbuilding sectors. In 2019, the global robotic welding market size was USD 4.66 billion.
To further reduce human efforts and injuries whilst increasing productivity, new welding machines and systems are continuously being adopted and sought. SMENCO is one of the key companies profiled by the study for its contributions in introducing new technologies in the industry.
With over 16 years of experience, SMENCO has established longstanding relationships with the biggest names in the welding, wear, and automation industries. These enable the company to deliver industry-leading welding solutions and associated welding technology for multiple industries, including the robotic welding market, which is projected to reach USD 8.31 billion by 2027.
Read the full report here.