Global Metal Fabrication Robot Market by Type (Articulated Robots, Cartesian Robots, SCARA Robots, and Others), Application (Welding & Soldering, Assembly, Surface Treatment & Finishing, Cutting, Forming, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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.
Attributes |
Details |
Report Title |
Metal Fabrication Robot Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016-2021 |
Forecast Period |
2023–2031 |
Segmentation |
Type (Articulated Robots, Cartesian Robots, SCARA Robots, and Others), and Application (Welding & Soldering, Assembly, Surface Treatment & Finishing, Cutting, Forming, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
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. |
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
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Metal Fabrication Robot Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Metal Fabrication Robot Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Metal Fabrication Robot Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Metal Fabrication Robot Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Metal Fabrication Robot Market Size & Forecast, 2015-2030
4.5.1 Metal Fabrication Robot Market Size and Y-o-Y Growth
4.5.2 Metal Fabrication Robot Market Absolute $ Opportunity
Chapter 5 Global Metal Fabrication Robot Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Metal Fabrication Robot Market Size Forecast By Type
5.2.1 Articulated Robot
5.2.2 Cartesian Robot
5.2.3 SCARA Robot
5.2.4 Other
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Metal Fabrication Robot Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Metal Fabrication Robot Market Size Forecast By Application
6.2.1 Welding & Soldering
6.2.2 Assembly
6.2.3 Surface Treatment & Finishing
6.2.4 Cutting
6.2.5 Forming
6.2.6 Other
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Metal Fabrication Robot Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Metal Fabrication Robot Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Metal Fabrication Robot Analysis and Forecast
9.1 Introduction
9.2 North America Metal Fabrication Robot Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Metal Fabrication Robot Market Size Forecast By Type
9.6.1 Articulated Robot
9.6.2 Cartesian Robot
9.6.3 SCARA Robot
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America Metal Fabrication Robot Market Size Forecast By Application
9.10.1 Welding & Soldering
9.10.2 Assembly
9.10.3 Surface Treatment & Finishing
9.10.4 Cutting
9.10.5 Forming
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis By Application
9.12 Absolute $ Opportunity Assessment By Application
9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Metal Fabrication Robot Analysis and Forecast
10.1 Introduction
10.2 Europe Metal Fabrication Robot Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Metal Fabrication Robot Market Size Forecast By Type
10.6.1 Articulated Robot
10.6.2 Cartesian Robot
10.6.3 SCARA Robot
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 Europe Metal Fabrication Robot Market Size Forecast By Application
10.10.1 Welding & Soldering
10.10.2 Assembly
10.10.3 Surface Treatment & Finishing
10.10.4 Cutting
10.10.5 Forming
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Metal Fabrication Robot Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Metal Fabrication Robot Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Metal Fabrication Robot Market Size Forecast By Type
11.6.1 Articulated Robot
11.6.2 Cartesian Robot
11.6.3 SCARA Robot
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Asia Pacific Metal Fabrication Robot Market Size Forecast By Application
11.10.1 Welding & Soldering
11.10.2 Assembly
11.10.3 Surface Treatment & Finishing
11.10.4 Cutting
11.10.5 Forming
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Metal Fabrication Robot Analysis and Forecast
12.1 Introduction
12.2 Latin America Metal Fabrication Robot Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Metal Fabrication Robot Market Size Forecast By Type
12.6.1 Articulated Robot
12.6.2 Cartesian Robot
12.6.3 SCARA Robot
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Latin America Metal Fabrication Robot Market Size Forecast By Application
12.10.1 Welding & Soldering
12.10.2 Assembly
12.10.3 Surface Treatment & Finishing
12.10.4 Cutting
12.10.5 Forming
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Metal Fabrication Robot Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Metal Fabrication Robot Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Metal Fabrication Robot Market Size Forecast By Type
13.6.1 Articulated Robot
13.6.2 Cartesian Robot
13.6.3 SCARA Robot
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Middle East & Africa (MEA) Metal Fabrication Robot Market Size Forecast By Application
13.10.1 Welding & Soldering
13.10.2 Assembly
13.10.3 Surface Treatment & Finishing
13.10.4 Cutting
13.10.5 Forming
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
14.1 Metal Fabrication Robot Market: Competitive Dashboard
14.2 Global Metal Fabrication Robot Market: Market Share Analysis, 2021
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Fanuc Corporation
14.3.3 YASKAWA ELECTRIC CORPORATION
14.3.4 Universal Robots A S
14.3.5 KUKA AG
14.3.6 Kawasaki Heavy Industries Ltd
14.3.7 Omron Corporation
14.3.8 Mitsubishi Electric
14.3.9 Panasonic Industry Co., Ltd.
14.3.10 Dürr Group
14.3.11 Stäubli International AG.
14.3.12 DENSO WAVE INCORPORATED.
14.3.13 Shibaura Machine CO., LTD
14.3.14 Rethink Robotics GmbH