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

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Author : Raksha Sharma
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Fact-checked by : Vineet Pandey
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-5113 | 4.5 Rating | 64 Reviews | 230 Pages | Format : PDF Excel PPT

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 Market Outlook

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

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.

Robotic Welding Market Type

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.

Robotic Welding Market Region

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.

    Robotic Welding Market Key Players

Table Of Content

1. Executive Summary
2. 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

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