According to a recent market study published by Growth Market Reports, titled, “Global Metal Fabrication Robot Market by Type, by Application, by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 4,208.8 Million in 2021 and is expected to grow at a moderate growth rate of 10.4% by the year 2030. Rising demand for metal fabrication robots in the automotive industry, lack of skilled labor, and rising adoption of industrial robots are expected to fuel the market over the forecast period.

In the past, manual labor was the only workforce in metal manufacturing plants. Ironworkers, welders, and blacksmiths were some skilled occupations available in the fabrication sector. Metal industries refrained from using robotic automation due to the required skill set and high cost of implementation. However, industries started adopting automotive robotics market due to the rising labor shortage, impacted by the lack of skilled workers available in the metal industry. Industrial robots help in converting automation of tasks that were previously held by craftsmen. These developments help in the rising adoption of robotic automation in metal production processes.

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Key factors that are anticipated to fuel the demand for the global metal fabrication robot market during the forecast period are rising adoption of industrial robots, offline programming, rising demand for metal fabrication robots in the automotive industry, and lack of skilled labors. Conversely, high installation cost and lack of standardization may hamper the market growth of the metal fabrication robotics market. Technical advancement and increasing investment in R&D in product design create opportunities in the market.

Supply chain management is an essential part of any business. A supply chain contains a series of steps to get products from their original state to the customers. Raw materials used for manufacturing Metal Fabrication Robot are shipped to manufacturers to be processed into final products. Quality checks are performed throughout the production process by manufacturers to ensure the quality of the product.

The primary, as well as secondary research methodology, is used for keen observation and study about Metal Fabrication Robot market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & micro analysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

Manufacturers of metal fabrication robots were affected during the pandemic, due to the restrictions and closure of global industries. Import and export facilities were affected due to transport restrictions. The pandemic led to disruptions in the supply chain, exports, large-scale manufacturing, transportation, and the closing of manufacturing plants. This, in turn, hampered the metal fabrication robot market.

COVID-19 impeded the supply side, due to travel and transport restrictions imposed by countries such as China and the US. Suppliers faced difficulties in the export and import of raw materials. Demand for Metal Fabrication Robot decreased during the pandemic, due to the closure of manufacturing units during the lockdown. This, in turn, impeded the market. Furthermore, governments imposed various restrictions on trade and commerce, which hampered various sectors. Governments of various countries-imposed lockdowns, which impeded the Metal Fabrication Robot market.

Key Takeaways from the Study:

  • In terms of type, the articulated robot segment accounted for a considerable share of the market in 2021.
  • Based on application, the surface treatment & finishing segment accounted for a substantial share of the market in 2021 and is expected to expand at a substantial CAGR during the forecast period.

Report Scope:

Report Metric

Details

Market Value in 2021

US$ 4,208.8 Million

Market Growth Rate (from 2015 to 2030)

10.4%

Historical Data

2015-2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (US$ Million)

Market Segments

By Type, By Application

Key Companies Profiled

ABB, Fanuc Corporation, YASKAWA ELECTRIC CORPORATION, Universal Robots A S, KUKA AG, Kawasaki Heavy Industries Ltd., Omron Corporation, Mitsubishi Electric, Panasonic Industry Co., Ltd., Dürr Group, Stäubli International AG., DENSO WAVE INCORPORATED, Shibaura Machine CO., LTD, Rethink Robotics GmbH.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

Metal Fabrication Robot Manufacturers, Industrial Robot Manufacturers, Government Agencies, Consulting Firms, Private Research and Development Firms, Equity Firms, and Investment Firms.