The ‘Global Robotic Welding Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global robotic welding market, assessing the market on the basis of its segments like types, payloads, end users, and major regions.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Over USD 7.12 Billion
- Forecast CAGR (2023-2028): 45%
One of the key factors propelling the robotic welding market growth is the increasing demand for automation across several sectors. Numerous benefits of automation include higher output, better weld quality, increased worker safety, and lowered operational expenses.
The market is becoming highly competitive as manufacturers around the world are constantly adopting advanced technology to increase their efficiency and manufacture high-quality products. Robotic welding has become a great component in the competitive race between companies. With the help of this technology, users can precisely control welding processes and produce welds that are reliable and of excellent quality.
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The rising safety concerns from different sectors such as automotive, aerospace, and construction have compelled the market players in respective sectors to adopt robotic welding. Robotic welding technologies offer a solution by minimising the dangers connected with manual labour and lowering the dependency on it.
Manufacturers can also reduce labour shortages, enhance workplace safety, and guarantee consistent weld quality by automating welding operations. This is a major factor driving robotic welding market expansion.
Industry Definition and Major Segments
Robotic welding is an advanced form of mechanised welding. In order to improve accuracy, promote safety, and shorten the time needed to complete each project, robots are utilised to automate the welding process. Several industries reap the benefits of these advantages, making robotic welding a common substitute for manual metal joining.
On the basis of type, the market is classified into:
- Spot Welding Robots
- Arc Welding Robots
- Others
Based on payload, the market is divided into
- Less than 50 Kg
- 50-150 Kg
- More than 150 kg
The market, on the basis of end user, is segmented into:
- Automotive and Transportation
- Electrical and Electronics
- Metals and Machinery
- Aerospace and Defence
- Others
The major regional markets of robotic welding include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
One of the key robotic welding market trends is the rise of collaborating robots or cobots. Cobots are designed to operate alongside human operators, fusing human dexterity and problem-solving skills with the accuracy and efficiency of robotic systems.
The Asia Pacific market for robotic welding is expected to overtake other regions as the main force in the global economy. The expansion is due to the expanding manufacturing and industrial automation sectors, particularly in Japan, China, South Korea, and India.
The market potential for welding robotics in the region is also expanding owing to the application of Industry 4.0 principles. Furthermore, the existence of established businesses throughout India and China is anticipated to surge the usage of robotic welding.
Key Market Players
The major players in the robotic welding market report include Fanuc Corporation, Yaskawa Electric Corporation, Kuka AG, ABB Ltd., Kawasaki Heavy Industries, Ltd., Panasonic Corporation, and Daihen Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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