Market Outlook
The global metal fabrication robot market was valued at USD 4.64 Bn in 2022 and is expected to reach USD 12.07 Bn in 2031, expanding at a CAGR of 11.20 % during 2023-2031. The market growth is attributed to the increasing adoption of metal fabrication robots to enhance work efficiency and productivity for all operations.
Metal fabrication robot refers to automated machines that involve in the process of stamping, welding, cutting, folding, finishing, material handling, and machine tending of raw metal components. The machines assist in the process of producing sheet metal such as flat metals and shaping them into a certain shape.
Metal fabricators are using industrial robot automation to fill the gaps caused by the labor shortage. The rising retirement of seasoned metalworkers and the absence of skilled crafts are the main causes of a labor shortage in metal fabrication. The use of metal fabrication robot helps in the optimization of manufacturing by increasing accuracy and precision as well as reducing materials wasted, which lead to lower overall production costs.
Macro-economic Factors
GDP
GDP is a critical indicator used to measure the size and performance of an economy. GDP across all countries declined due to the outbreak of COVID-19. The pandemic impeded the growth of all economies across the globe. It has drastically impeded the supply chain of companies that manufacture metal fabrication robots, thus leading to a substantial decrease in revenue.
In the initial phase of the pandemic, companies manufacturing metal fabrication robots faced difficulties, owing to the closure of production facilities across the globe.
Demand and Supply
The supply and demand for metal fabrication robots are rising due to high return on investment and rising demand from end-use industries. In the metal fabrication process, the demand for autonomous mobile robots (AMR) is projected to increase as it makes automation easier. Moreover, the adoption of robots in metal fabrication is rising due to the ability of robots to handle harsh environments.
R&D Activities
Companies in almost every industry rely on R&D to plan, design, and deliver an innovative & diversified range of products. Many companies are focusing on advancements and research in the metal fabrication robot market to fulfill the customer’s demands. Advancement in the product and novel development helps in reducing the carbon footprint in the production process. Moreover, the use of robots in metal fabrication is projected to fuel industrialization.
Metal Fabrication Robot Market Dynamics
What drives the Metal Fabrication Robot Market?
Rising Adoption of Industrial Robots
The increase in the adoption of industrial robots is driving the metal fabrication robot market. Industrial robots are widely adopted to enhance productivity and improve efficiency in overall operations. The rising demand for novel developed industrial robots is largely influenced by their superior attributes such as being multi-functional, autonomous, flexible, and mobile.
According to the Worlds Robotics Report published by the International Federation of Robotics (IFR) in 2021, as many as 517,385 industrial robots had been deployed in factories globally. Many organizations use robotics to cut down various labor-related capital expenditures. Furthermore, product manufacturers deploy these machines to perform multi-tasking, especially repetitive activities or processes in an industrial operation. According to IFR, Japan is the top producer of industrial robots with 45% of the world's industrial robots.
What Restrains the Metal Fabrication Robot Market?
High Installation Cost
The high installation costs of metal fabrication robots as well as high maintenance charges are major factors hindering the market. The cost of the fabrication process is high because a trained specialist is needed to operate and maintain the metal fabrication robots. This results in the delayed adoption of metal fabrication robots in small and medium-sized enterprises.
The initial expenditure involved is challenging the firms with little or no relevant expertise. Large capital investments are necessary for a variety of items, including procurement, integration, programming, accessories, and maintenance. Hence companies require a huge initial cost. This prevents market growth. Also, many small and medium enterprises find it difficult for investing huge amounts of money at the initial stage due to the poor return on investment and low-volume manufacturing, which is hindering the market growth.
What are the Opportunities for the Metal Fabrication Robot Market?
Technical Advancement
The growing adoption of advanced automated technologies for efficient industrial operations is projected to create lucrative opportunities for market players in the coming years. Technological advancements in robotics are making robotics systems smarter and supporting the removal of traditional obstacles to automation. Advancements aid enterprises associated with heavy-duty fabrication, the next generation of automation increases production efficiency while keeping workers safe.
Heavy fabricators, majorly those who are working with large-plate, large-part, and foundry applications, are going through a technological evolution along with the rising use of robotic automation. In the past, industries associated with heavy fabrication usually deployed manpower, hoists, cranes, and manipulators in moving huge and heavy metals.
Robots are now user-friendly due to the development of technology. This has allowed manufacturers to consider the advantages and return on investment (ROI) of robotic automation. New developments with types of articulated robots can open up opportunities for the market as these are widely used in manufacturing industries.
Scope of Metal Fabrication Robot Market
The report on the global metal fabrication robot market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Metal Fabrication Robot Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Articulated Robots, Cartesian Robots, SCARA Robots, and Others), and Application (Welding & Soldering, Assembly, Surface Treatment & Finishing, Cutting, Forming, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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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, and Rethink Robotics GmbH.
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Metal Fabrication Robot Market Segment Insights
Which Major Factors influence the Substantial Growth of the Type Segment?
Increasing use of Articulated Robots in Manufacturing Industries
In terms of Type, the metal fabrication robot market is segmented into articulated robots, cartesian robots, SCARA robots, and others. The articulated robot segment is expected to hold a large market share in the coming years owing to the wide use of articulated robots in manufacturing industries, especially 6-axis articulated robots.
The 6-axis articulated robot is one of the most common robots used across various industries. Its six axes allow a robot to move in the x, y, and z planes and position itself using roll, pitch, and yaw movements. Articulated robots are widely used for various applications such as welding, assembling, sealing, material handling, picking, cutting, painting, and spraying.
Vertically articulated robots are highly used for pick-and-place applications in a compact space as these offer high productivity and are suitable for assembly work and automation. Key players in manufacturing industries prefer vertically articulated robots as these help in enhancing productivity and save labor costs.
SCARA robot segment is projected to expand at a significant CAGR during the forecast period due to constant innovations in industries, such as automotive and electrical & electronics, with an emphasis on miniaturization. These types of robots are usually used to speed up production and repeatability on pick & place tasks.
What are the Main Aspects for Boosting the Application Segment?
Rising demand for Articulated Robot Arm for Assembly Work
On the basis of application, the metal fabrication robot market is segmented into welding & soldering, assembly, surface treatment & finishing, cutting, forming, and others. The assembly segment is expected to hold a large market share in the coming years owing to the rising use of robots for assembly work. Metal fabrication robots are widely used for assembly in the automotive sector, especially articulated robot arms. The welding & soldering segment is expected to hold a substantial share of the market during the forecast owing to the high accuracy of welding for operations.
Why is North America dominating the Global Metal Market?
Presence of Key players in the Region
Based on regions, the metal fabrication robot Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to hold a major market share in the coming years owing to the presence of key market players and a well-established robot market with major tech companies creating new opportunities for the global market.
The market in Asia Pacific is anticipated to register a considerable CAGR during the forecast period owing to the increasing adoption of advanced automated technologies, especially in the manufacturing industry creates lucrative opportunities for the market in the region. New opportunities with major tech companies coming to emerging economies can drive the major market.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the global Metal Fabrication Robot Market
- Historical, Current, and Projected Market Size in terms of Value and Volume
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Metal Fabrication Robot Market
Segments
Type
- Articulated Robot
- Cartesian Robot
- SCARA Robot
- Others
Application
- Welding & Soldering
- Assembly
- Surface Treatment & Finishing
- Cutting
- Forming
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Market Players Profiled in the Report
- 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
Competitive Landscape
- Top players in the market includes 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.
- These companies are considered key manufacturers of metal fabrication robot based on their revenue, product offerings, regional presence, and supply chain management system.
- The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for Metal Fabrication Robot Market.
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