Robotic Welding Market Share, Size, and Growth Insights 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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Recent 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.

Top Keyplayers 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 Segmentation

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

Reasons to buy this report:

This report thoroughly examines the competitive dynamics, growth areas, market conditions, and trends in the robotic welding market. It assists businesses in identifying opportunities for growth and development while highlighting potential challenges and risks. Stakeholders are assisted in developing more informed investment and market strategies by the report’s assessment of product portfolios and business segments.

A thorough grasp of the industry dynamics outlined in the report can help develop successful success strategies in the robotic welding market and greatly improve decision-making. All things considered, this report is an excellent source of information for anyone wishing to learn more about this rapidly changing sector.

Key Report Highlights on the Robotic Welding Market:

• Market CAGR for the Forecast Period: Provides insights into the Compound Annual Growth Rate (CAGR) of the Robotic Welding Market from 2024 to 2032.
• Comprehensive Analysis of Growth Drivers: Offers a detailed evaluation of the key factors driving the growth of the Robotic Welding Market during the forecast period.
• Accurate Market Size and Share Estimates: Precise projections on the size and share of the Robotic Welding Market, underscoring its position within the larger market landscape.
• Forecasts on Emerging Trends and Consumer Behavior: Predicts future trends and shifts in consumer behavior relevant to the Robotic Welding Market.
• Regional Growth Analysis: Examines the growth of the Robotic Welding Market across key regions, including North America, Asia-Pacific (APAC), Europe, South America, the Middle East, and Africa.
• Competitive Landscape Overview: Detailed assessment of the competitive environment, offering insights into the key players within the Robotic Welding Market.
• Evaluation of Growth Barriers: Analyzes the challenges that may hinder the expansion of suppliers in the Robotic Welding Market.

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…!

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.

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