Global Robotic Welding Market Report and Forecast 2023-2028

Global Robotic Welding Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global robotic welding market reached a value of USD 4262.4 million in 2022. Aided by technological advancements, increased efficiency demands in the manufacturing sector, and the desire for precision and automation, the market is projected to further grow at a CAGR of 8.87% between 2023 and 2028 to reach a value of USD 6883.5 million by 2028.

Robotic welding employs automated programmable tools, commonly termed robots, that automate the welding process by handling the parts and performing the weld. These robots provide the advantages of precision, speed, and efficiency. Primarily, there are two types of robotic welding: arc welding and spot welding, and they are predominantly used in the automotive and electronics industries.

The escalating demand for automation in the manufacturing sector fuels the robotic welding market growth. Companies are increasingly focusing on optimizing the efficiency of their production processes, reducing waste, and ensuring consistent product quality, and robotic welding solutions appear as the answer to these needs. The robots provide unparalleled precision, repeatability, and speed, which are essential for large-scale manufacturing setups, especially in the automotive, heavy machinery, and aerospace industries.

Furthermore, the current trend emphasising worker safety is a pivotal driver for the robotic welding market demand. Welding operations, traditionally, have been linked with several health risks, including exposure to harmful rays, burns, and inhalation of toxic fumes. The deployment of robots minimises human interaction with these hazardous tasks, ensuring enhanced safety standards.

In tandem with the growth drivers, the evolving technological landscape significantly influences the robotic welding sector. The integration of advanced sensors, AI-driven software, and the Internet of Things (IoT) facilitates real-time monitoring, remote troubleshooting, and predictive maintenance, further increasing the robotic welding market size. This not only optimises the welding processes but also minimises downtimes, thereby contributing to the market's robust expansion.

Moreover, as industries gradually transition towards Industry 4.0, a paradigm that revolves around smart manufacturing and data-driven operations, robotic welding systems, being inherently digital and programmable, naturally find their place in this new industrial revolution.

As per the robotic welding market analysis, another crucial aspect bolstering the growth of the market is the increasing demand in emerging economies. As nations like China, India, and Brazil undergo rapid industrialisation and become manufacturing hubs, the adoption of robotic welding solutions in these regions is anticipated to surge.

Market Segmentation

The market can be divided based on type, payload, end user, and region.

Market Breakup by Type

• Spot Welding Robots
• Arc Welding Robots
• Others

Market Breakup by Payload

• Less than 50 Kg
• 50-150 Kg
• More than 150 kg

Market Breakup by End User

• Automotive and Transportation
• Electrical and Electronics
• Metals and Machinery
• Aerospace and Defence
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global robotic welding market. Some of the major players explored in the report by Expert Market Research are as follows:

• Fanuc Corporation
• Yaskawa Electric Corporation
• Kuka AG
• ABB Ltd.
• Kawasaki Heavy Industries, Ltd.
• Panasonic Corporation
• Daihen Corporation
• EVS TECH CO., LTD
• Estun Automation Co., Ltd.
• UNITED PROARC CORPORATION
• NACHI-FUJIKOSHI CORP.
• IGM ROBOTERSYSTEME AG
• Others

About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.

*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.