Global Welding Cobots Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Welding Cobots Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Welding cobots refer to collaborative robots (cobots) specifically designed and programmed to perform welding tasks in collaboration with human workers. These cobots are equipped with welding tools, sensors, and safety features that allow them to work safely alongside humans without the need for physical barriers or cages. They are programmed to handle various welding processes, such as arc welding, spot welding, or laser welding, and can adapt to different materials and geometries.

Market Overview:

The latest research study on the global Welding Cobots market finds that the global Welding Cobots market reached a value of USD 233.96 million in 2023. It’s expected that the market will achieve USD 591.3 million by 2029, exhibiting a CAGR of 16.71% during the forecast period.

The COVID-19 pandemic has exerted a profound influence on the welding cobots market, reshaping industry dynamics and accelerating trends toward automation and digitalization. As countries worldwide implemented lockdowns and social distancing measures to contain the spread of the virus, manufacturing industries faced unprecedented disruptions in supply chains, labor availability, and production capacities. In response to these challenges, businesses increasingly turned to automation technologies, including welding cobots, to maintain continuity in operations while ensuring the safety of their workforce.

Drivers

1.Labor shortages in welding are a global concern
2.Industry 5.0 Integration: Industry 5.0 represents a paradigm shift where humans and machines collaborate synergistically to enhance the efficiency of industrial production processes.

Factors Affecting Demand

1.Technological advancements are pivotal in shaping the landscape of welding cobots
2.Economic growth plays a pivotal role in driving the demand for welding cobots
3.As companies face increasing pressure to adopt sustainable practices and demonstrate environmental stewardship, the demand for welding cobots is expected to rise
4.Cost considerations play a significant role in the adoption of welding cobots

Trends

1.Collaborative Applications will become more and more popular
2.As cobot technology matures, its versatility and adaptability open up new opportunities for applications across various industries, fostering further market growth and adoption

Region Overview:

China had the highest growth rate of all regions.

In 2022, the share of the Welding Cobots market in United States stood at 37.29%.

Company Overview:

Universal Robots is one of the major players operating in the Welding Cobots market, holding a share of 54.12% in 2023.

Universal Robots, ABB, KUKA, Doosan robotics and AUBO (BEIJING) ROBOTICS  are the five key players in the global Welding Cobots market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Welding Cobots market in the past 5 years.

Segmentation Overview:

The 6-axis segment by type showed a value growth of 54.23% in 2022.

Among different product types, 6-axis segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Automotive & Transportation segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Welding Cobots market covered in Chapter 3:

Shenzhen Han's Robot
ABB
AUBO (BEIJING) ROBOTICS
Doosan robotics
Arc Specialties
Motoman
Neuromeka
Universal Robots
Lincoln Electric
Kawasaki Heavy Industries
KUKA
Rozum Robotics
Fanuc

In Chapter 4 and Chapter 14.2, on the basis of types, the Welding Cobots market from 2019 to 2030 is primarily split into:

6-axis
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Welding Cobots market from 2019 to 2030 covers:

Automotive & Transportation
Electrical & Electronics
Metals & Machinery
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)