Robotic Welding Market: Growth, Trends by 2024

The global robotic welding market size was USD 5.42 billion in 2020 and is projected to grow from USD 5.80 billion in 2021 to USD 9.76 billion in 2028, exhibiting a CAGR of 7.7% during the forecast period from 2021-2028. The global impact of COVID-19 has been unprecedented and staggering, with robotic welding witnessing a positive impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a lower growth of 6.9% in 2020 as compared to the average year-on-year growth during 2017-2019. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

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Robotic Welding Market Share, Size & COVID-19 Impact Analysis, By Type (Arc, Spot, MIG/TIG, Laser, Others), By Payload Capacity (Low (6-22 kg), Medium (30-60 kg), High (80-300kg)) By Industry (Automotive, Aerospace & Defense, Construction, Mining, Railway & Shipbuilding, Electrical & Electronics, Others) and Regional Forecast Between, 2021-2028

Top Companies of robotic welding market:

• FANUC Corporation (Japan)
• Kuka AG (Germany)
• Kemppi Oy (Finland)
• Yaskawa America (United States)
• ABB (Switzerland)
• Panasonic Corporation (Japan)
• OTC DAIHEN Inc. (U.S.)
• DENSO CORPORATION (Japan)
• Kawasaki Heavy Industries, Ltd. (Japan)
• The Lincoln Electric Company (U.S.)
• Miller Electric Mfg. LLC (U.S.)
• IGM ROBOTERSYSTEME AG (Austria)
• Abhisha Technocrats Pvt. Ltd. (Maharashtra, India)
• Acieta LLC (U.S.)
• EWM AG (Mündersbach, Germany)
• Carl Cloos Schweisstechnik GmbH (Haiger, Germany)
• SIASUN CO., LTD. (China)
• SMENCO (Australia)

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Robotic Welding Market Drivers and restrains:

• Drivers:
  • Increased Demand for Automation: The push for automation in manufacturing to improve efficiency, precision, and productivity drives the adoption of robotic welding systems.
  • Cost Reduction in Labor: The use of robotic welding reduces labor costs and minimizes human error, making it a cost-effective solution for repetitive and complex welding tasks.
  • Technological Advancements: Innovations in robotics, such as advanced sensors, artificial intelligence, and improved control systems, enhance the capabilities and performance of robotic welding equipment.
  • Growing Manufacturing Sector: The expansion of industries such as automotive, aerospace, and heavy machinery increases the demand for robotic welding to meet high production and quality standards.
  • Focus on Quality and Consistency: Robotic welding systems provide high precision and consistent weld quality, which is crucial for meeting stringent industry standards and improving product reliability.
• Restraints:
  • High Initial Investment: The significant capital required for purchasing and implementing robotic welding systems can be a barrier, particularly for small to medium-sized enterprises.
  • Complex Integration: Integrating robotic welding systems with existing manufacturing processes and equipment can be complex and may require substantial time and technical expertise.
  • Maintenance and Technical Challenges: Robotic welding systems require regular maintenance and technical support, which can lead to additional operational costs and downtime if not managed effectively.
  • Skilled Workforce Requirements: Operating and programming robotic welding systems requires specialized skills and training, which may be a challenge in regions with a shortage of skilled labor.
  • Technological Obsolescence: Rapid advancements in robotics and welding technology may lead to the obsolescence of existing systems, necessitating frequent updates or replacements to remain competitive.

Reasons to buy this report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the robotic welding market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the robotic welding market. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Atributes:

• North America (Type, Payload Capacity, Industry and Country)
  • U.S. (By Type)
  • Canada (By Type)
  • Mexico (By Type)
• Europe (Type, Payload Capacity, Industry and Country)
  • Germany (By Type)
  • U.K. (By Type)
  • France (By Type)
  • Italy (By Type)
  • Rest of Europe (By Type)
• Asia Pacific (Type, Payload Capacity, Industry and Country)
  • China (By Type)
  • Japan (By Type)
  • India (By Type)
  • Rest of Asia Pacific (By Type)
• Middle East and Africa (Type, Payload Capacity, Industry and Country)
  • GCC (By Type)
  • South Africa (By Type)
  • Rest of Middle East and Africa (By Type)
• South America (Type, Payload Capacity, Industry and Country)
  • Brazil (By Type)
  • Argentina (By Type)
  • Rest of South America (By Type)

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Industry developments of robotic welding market:

• The U.S.-based Path Robotics raised USD 56.0 million for aggressive AI-powered expansion. The company pioneered in the robotic welding industry and has developed an autonomous system in the market.
• Yaskawa America, Inc. launched three new products in the robot welding space that includes an extended-reach industrial robot, a new easy-to-use pendant application for arc welding, and an updated work cell for demanding production environments.

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