Robotic Welding Market Analysis, Size, Share & Forecast 2031
Robotic Welding Market Analysis, Size, Share & Forecast 2031
Segments - Robotic Welding Market by Type (Spot, Laser, Arc, MIG/TIG, and Others), Payload (Less Than 50 Kg, 50-150 Kg, and More Than 150kg), End-user (Construction, Automotive & Transportation, Mining, Electrical & Electronics, Aerospace & Defense, Railway & Shipbuilding, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Upcoming
| Report ID :ICT-SE-5113
| 4.5 Rating
| 64 Reviews
| 230 Pages
| Format :
Report Description
The global robotic welding market size was USD 6.9 Bn in 2022 and is likely to reach USD 11 Bn by 2031, expanding at a CAGR of 9.5% during 2023–2031. Rising demand for welding robots in the automotive industry is likely to boost the market.
Robotic welding is a process of welding that utilizes programmable robots to automate welding tasks. The robots are equipped with welding tools such as weld guns or torches and are programmed to move in a specific pattern to perform the welds.
Robotic welding offers several advantages over traditional welding methods. For one, it can significantly increase the speed and efficiency of the welding process. Robots can work continuously without the need for breaks, which can greatly reduce production time and labor costs.
Additionally, robotic welding can improve the quality and consistency of the welds. Robots are capable of performing precise, repeatable movements, which can help to ensure that each weld is consistent and of high quality. This can lead to fewer defects and a higher level of overall quality in the final product. Robotic welding is a highly effective and efficient way to perform welding tasks in a wide range of industries, including automotive, aerospace, and manufacturing.
The market report finds that the COVID-19 pandemic restrains the robotic welding market, owing to the absence of the workforce across manufacturing facilities. However, restrictions placed on transportation have led to a shortage of raw materials that are required for the production of advanced welding equipment.
Robotic Welding Market Dynamics
Major Drivers:
Growing adoption of Industry 4.0 by global manufacturers to improve the accuracy and efficiency of the production process is driving the robotic welding market. Industry 4.0 includes advanced technologies such as cloud computing, the industrial Internet of Things, and big data. All these advanced technologies aid in improving the overall work efficiency of production with the automation process.
Existing Restraints:
New SEMs that are entering the global market are finding some difficulties to capitalize on the high initial investment for some stages such as programming, maintenance, and procurement is hampering the global market. Moreover, the high maintenance cost of employing automated systems with the integration of high-quality hardware with an efficient software control system can hinder the market.
Emerging Opportunities:
Increasing research & development activities in welding robots is expected to create lucrative opportunities for the market players. Laser welding technology offers advantages in the production of large and medium batch sizes of output products at low cost. Laser welding offers high welding speeds, provides high reliability, reduces rework, and offers high precision. Increasing demand for robotic welding in the automotive and transportation industries is further anticipated to create lucrative opportunities for the market players.
Scope of Robotic Welding Market Report
The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Robotic Welding Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Type (Spot, Laser, Arc, MIG/TIG, and Others), Payload (Less Than 50 Kg, 50-150 Kg, and More Than 150kg), and End-user (Construction, Automotive & Transportation, Mining, Electrical & Electronics, Aerospace & Defense, Railway & Shipbuilding, 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, Market Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
YASKAWA ELECTRIC CORPORATION; The Lincoln Electric Company; Shenyang SIASUN robot; Panasonic Holdings Corporation; NACHI-FUJIKOSHI CORP; Miller Electric Mfg. LLC; KUKA AG; Kemppi Oy; Kawasaki Heavy Industries, Ltd.; IGM ROBOTERSYSTEME AG; FANUC CORPORATION; DENSO CORPORATION; DAIHEN Corporation; Abhisha Technocrats Pvt. Ltd.; and ABB |
Robotic Welding Market Segment Insights
Based on type, the robotic welding market is divided into spot, laser, arc, MIG/TIG, and others. The spot segment is expected to expand at a significant pace during the projection period, due to the widely used in the construction, automotive, and other industries for heavy-duty applications. It is a resistance welding process that is used for large electrical currents to join metals in a single location.
The arc segment is anticipated to hold a key share of the market in the coming years, due to the high demand for arc in the automotive and other industries. Arc robotic welding is widely used, owing to its low cost, extensive applicability, and convenience.
In terms of payload, the global market is segregated into less than 50 kg, 50-150 kg, and more than 150kg. The 50-150 kg segment is projected to register a considerable CAGR during the forecast period. 50-150 kg payloads are measured in medium payload welding robotics. These welding robotics are floor-mounted, which aids to save the space of manufacturing facilities.
On the basis of end-user, the robotic welding market is segmented into construction, automotive & transportation, mining, electrical & electronics, aerospace & defense, railway & shipbuilding, and others. The automotive & transportation segment is expected to register a robust growth rate during the forecast period, as it is highly dynamic and requires substantial flexibility from automotive manufacturers.
The growth of this segment is attributed to the several benefits offered by robotic welding in the automotive & transportation industry’s manufacturing process including high efficiency, speed & precision, cost-effectiveness, and safety, which resulted in the increased adoption of these welding robotics.
The construction segment is expected to register a robust growth rate during the forecast period, due to the increasing demand for commercial and residential buildings. Governmental support for infrastructure development in emerging countries is boosting the demand for robots in several applications.
In terms of region, the global robotic welding market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, due to the increasing automation and manufacturing industries, especially in China, Japan, South Korea, and India.
According to the State Council Information Office, China accounted for 30% of global manufacturing output in 2021. It is estimated to increase by around 22.5% in 2022a, as the industry grows bigger and stronger.
The market in North America is anticipated to expand at a rapid pace in the coming years, due to the increasing research & development by several key players to launch innovative and new products.
Segments
The global robotic welding market has been segmented on the basis of
Type
- Spot
- Laser
- Arc
- MIG/TIG
- Others
Payload
- Less Than 50 Kg
- 50-150 Kg
- More Than 150kg
End-user
- Construction
- Automotive & Transportation
- Mining
- Electrical & Electronics
- Aerospace & Defense
- Railway & Shipbuilding
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- YASKAWA ELECTRIC CORPORATION
- The Lincoln Electric Company
- Shenyang SIASUN robot
- Panasonic Holdings Corporation
- NACHI-FUJIKOSHI CORP
- Miller Electric Mfg. LLC
- KUKA AG
- Kemppi Oy
- Kawasaki Heavy Industries, Ltd.
- IGM ROBOTERSYSTEME AG
- FANUC CORPORATION
- DENSO CORPORATION
- DAIHEN Corporation
- Abhisha Technocrats Pvt. Ltd.
- ABB
Competitive Landscape
Key players competing in the global robotic welding market are YASKAWA ELECTRIC CORPORATION; The Lincoln Electric Company; Shenyang SIASUN robot; Panasonic Holdings Corporation; NACHI-FUJIKOSHI CORP; Miller Electric Mfg. LLC; KUKA AG; Kemppi Oy; Kawasaki Heavy Industries, Ltd.; IGM ROBOTERSYSTEME AG; FANUC CORPORATION; DENSO CORPORATION; DAIHEN Corporation; Abhisha Technocrats Pvt. Ltd.; and ABB
These key players adopt various strategies including mergers, collaboration, production expansion, partnerships, product launches, and acquisitions, to expand their consumer base globally.
-
In September 2020, KUKA AG introduced KR CYBERTECH nano, an extremely flexible multi-functional tool that delivers in the harshest environments. In the low payload capacity of between 6 and 10 kg and the cost-effective robotics stands out its speed and outstanding precision.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Robotic Welding Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Robotic Welding Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Robotic Welding Market - Supply Chain
4.5. Global Robotic Welding Market Forecast
4.5.1. Robotic Welding Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Robotic Welding Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Robotic Welding Market Absolute $ Opportunity
5. Global Robotic Welding Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Robotic Welding Market Size and Volume Forecast by Types
5.3.1. Spot
5.3.2. Laser
5.3.3. Arc
5.3.4. MIG/TIG
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Robotic Welding Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Robotic Welding Market Size and Volume Forecast by End Users
6.3.1. Construction
6.3.2. Automotive & Transportation
6.3.3. Mining
6.3.4. Electrical & Electronics
6.3.5. Aerospace & Defense
6.3.6. Railway & Shipbuilding
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Robotic Welding Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Robotic Welding Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Robotic Welding Demand Share Forecast, 2019-2026
8. North America Robotic Welding Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Robotic Welding Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Robotic Welding Market Size and Volume Forecast by Types
8.4.1. Spot
8.4.2. Laser
8.4.3. Arc
8.4.4. MIG/TIG
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Robotic Welding Market Size and Volume Forecast by End Users
8.7.1. Construction
8.7.2. Automotive & Transportation
8.7.3. Mining
8.7.4. Electrical & Electronics
8.7.5. Aerospace & Defense
8.7.6. Railway & Shipbuilding
8.7.7. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Robotic Welding Demand Share Forecast, 2019-2026
9. Latin America Robotic Welding Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Robotic Welding Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Robotic Welding Market Size and Volume Forecast by Types
9.4.1. Spot
9.4.2. Laser
9.4.3. Arc
9.4.4. MIG/TIG
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Robotic Welding Market Size and Volume Forecast by End Users
9.7.1. Construction
9.7.2. Automotive & Transportation
9.7.3. Mining
9.7.4. Electrical & Electronics
9.7.5. Aerospace & Defense
9.7.6. Railway & Shipbuilding
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Robotic Welding Demand Share Forecast, 2019-2026
10. Europe Robotic Welding Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Robotic Welding Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
10.4. Europe Robotic Welding Market Size and Volume Forecast by Types
10.4.1. Spot
10.4.2. Laser
10.4.3. Arc
10.4.4. MIG/TIG
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Robotic Welding Market Size and Volume Forecast by End Users
10.7.1. Construction
10.7.2. Automotive & Transportation
10.7.3. Mining
10.7.4. Electrical & Electronics
10.7.5. Aerospace & Defense
10.7.6. Railway & Shipbuilding
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Robotic Welding Demand Share Forecast, 2019-2026
11. Asia Pacific Robotic Welding Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Robotic Welding Market Size and Volume 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. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Robotic Welding Market Size and Volume Forecast by Types
11.4.1. Spot
11.4.2. Laser
11.4.3. Arc
11.4.4. MIG/TIG
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Robotic Welding Market Size and Volume Forecast by End Users
11.7.1. Construction
11.7.2. Automotive & Transportation
11.7.3. Mining
11.7.4. Electrical & Electronics
11.7.5. Aerospace & Defense
11.7.6. Railway & Shipbuilding
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Robotic Welding Demand Share Forecast, 2019-2026
12. Middle East & Africa Robotic Welding Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Robotic Welding Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Robotic Welding Market Size and Volume Forecast by Types
12.4.1. Spot
12.4.2. Laser
12.4.3. Arc
12.4.4. MIG/TIG
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Robotic Welding Market Size and Volume Forecast by End Users
12.7.1. Construction
12.7.2. Automotive & Transportation
12.7.3. Mining
12.7.4. Electrical & Electronics
12.7.5. Aerospace & Defense
12.7.6. Railway & Shipbuilding
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Robotic Welding Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Robotic Welding Market: Market Share Analysis
13.2. Robotic Welding Distributors and Customers
13.3. Robotic Welding Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. YASKAWA ELECTRIC CORPORATION
13.4.2. The Lincoln Electric Company
13.4.3. Shenyang SIASUN robot
13.4.4. Panasonic Holdings Corporation
13.4.5. NACHI-FUJIKOSHI CORP
13.4.6. Miller Electric Mfg. LLC
13.4.7. KUKA AG
13.4.8. Kemppi Oy
13.4.9. Kawasaki Heavy Industries, Ltd.
13.4.10. IGM ROBOTERSYSTEME AG
13.4.11. FANUC CORPORATION
13.4.12. DENSO CORPORATION
13.4.13. DAIHEN Corporation
13.4.14. Abhisha Technocrats Pvt. Ltd.
13.4.15. ABB
Methodology
Related Reports
Some other reports from this category!
Our Clients
