Robotic Welding Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Robotic Welding Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Robotic Welding Market

The robotic welding market size was valued at USD 5.42 billion in 2020, and the market is now projected to grow from USD 5.80 billion in 2021 to USD 9.76 billion by 2029, exhibiting a CAGR of 7.7% during the forecast period of 2021-2029.

The lockdown has extensively impacted industries, with production centers resuming operations slowly following social distancing norms. The robotic welding market growth is predicted to moderate due to the shutdown, with industrial robots serving as vital assist for manufacturers. Post-COVID 19 recovery, demand for welding robots is predicted to propel significantly, as manufacturers like Yaskawa America, KukA AG, ABB, and FANUC Corporation attention on mass manufacturing of robot products. The shutdown has brought about a shortage of staff in production flowers, highlighting the want for industrial robots.

The market is expanding due to technological advancements in automation technology, which adopts robot technology to improve performance. Automation reduces production time and improves productivity through system like nozzle cleansing stations, cord cutters, maintaining heads, liners, and device communique software. This additionally reduces safety challenges and exertions expenses. The growing demand for automation is predicted to contribute to marketplace growth all through the forecast duration.

Manufacturers are an increasing number of focusing on growing advanced software interfaces and revolutionary strategies, leading to the adoption of Industry 4.0. This approach revolutionizes manufacturing processes with the aid of selling data alternate and automation, catering to growing call for in industries like car, mining, construction, railway, and ship building. Robot welding, with Industry 4.0 adoption, improves production accuracy and efficiency. Leading producers, which includes ABB India, also are focusing on Industry 4.0, providing industry-leading robotics and digitalization technology to sectors like electronics and automobile. These elements are laying the inspiration for market growth.

Comprehensive Analysis of Robotic Welding Market

Arc welding is expected to dominate the market due to its high accuracy, repeatability, low cost, and widespread applicability in various industries. Spot welding is expected to grow rapidly due to its accessibility and robot automation capabilities. The payload capacity segment is divided into low (6-22 Kg), medium (30-60 Kg), and high (80-300 Kg). The medium payload capacity segment is dominating due to its wide range of applications in tough conditions. Special-purpose robots for arc welding are being offered by companies like Kuka AG and FANUC Corporation. The high payload capacity segment is expected to capture the highest CAGR due to the rising demand for electric vehicles and ease of loading and unloading operations. The global market is classified into aerospace & defense, automotive, construction, railway & shipbuilding, mining, electrical & electronics, and others.

The Asia Pacific region lead the robotic welding market share by benefitting a market size of USD 1.64 billion in 2019 due to developing business automation and production enterprise in Japan, China, South Korea, and India. The use of Industry 4.0 techniques is likewise contributing to the growth of the welding robotics market. The presence of set up businesses in China and nearby registered and unregistered manufacturers is predicted to in addition drive marketplace increase.

The use of welding robots in commercial welding is on the upward push due to aggressive prices and enterprise demand. Key producers are enhancing welder programming capabilities and introducing new technologies to broaden new machines and structures. Novarc Technologies partnered with ABICOR BINZEL in 2019 to make bigger its spool welding robotic with seam tracking sensors and welding torches globally. Other key businesses encompass FANUC Corporation, Kuka AG, Kemppi Oy, Yaskawa America, ABB, Panasonic Corporation, OTC Daihen Inc., DENSO Corporation, Kawasaki Heavy Industries, Miller Electric Mfg. LLC, IGM Robotersysteme AG, Abhisha Technocrats Pvt. Ltd., Acieta LLC, EWM AG, and Carl Cloos Schweisstechnik GmbH.

Path Robotics, a pioneer in the robotic welding industry, raised USD 56.0 million in May 2021 for aggressive Al-powered expansion.

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2017 – 2028

Base Year

2020

Estimated Year

2021

Forecast Period

2021 – 2028

Historical Period

2017 – 2019

Unit

Value (USD billion)

Segmentation

Type, Payload Capacity, Industry, and Region

By Type

Arc

Spot

MIG/TIG

Laser

Others (Plasma etc.)

By Payload Capacity

Low (6-22 kg)

Medium (30-60 kg)

High (80-300kg)

By Industry

Automotive

Aerospace & Defense

Construction

Mining

Oil & Gas

Railway & Shipbuilding

Electrical & Electronics

Others (Steel Plant, Wind Turbines, etc.)

By Region

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)

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