Europe Robotic Welding Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Spot Welding, Arc Welding, and Others), Payload (Less Than 50 Kg, 50-150 Kg, and More Than 150 Kg), and End-User (Automotive and Transportation, Electrical and Electronics, Metal and Machinery, Construction, and Others)
The robotic welding market in Europe is expected to grow from US$ 613.48 million in 2021 to US$ 1,428.14 million by 2028; it is estimated to grow at a CAGR of 12.8% from 2021 to 2028.
Increasing demand for cars across Europe puts pressure on the transportation industry & automotive sector to raise production. More production will require investing in machinery, such as robotic welding arms, that increases the speed and accuracy of the vehicle-building process. Hence, the increasing vehicle demand in emerging economies and the growing emphasis of governments to propel electric vehicle (EV) are expected to drive the adoption of robotics welding. Furthermore, the increasing strategic initiatives by the market players toward the automotive industry will increase the demand for robotic welding, which is further anticipated to drive the robotic welding market in Europe.
Germany, Belgium, Poland, the UK, and the Netherlands are the worst-hit countries in Europe owing to the COVID-19 pandemic. The UK, Germany, France, and Austria have numerous electronic components & robotics ecosystem players. The emergence of the COVID-19 pandemic has impacted the revenue and operations of businesses of European robotics manufacturers and robotics integration and service providers. For instance, the COVID-19 outbreak significantly affected the operations of ABB Ltd, which led to an increase in backlog orders in 2020, while KUKA AG was able to manage its supply chain and meet its stipulated delivery timelines. Further, the demand from automotive end-users decreased in 2020 and 2021. However, nonautomotive end-users, such as electronics, metal, and machinery, have showcased a positive trend in the adoption of industrial robotics, including robotic welding, from Q1 of 2021 owing to ongoing skilled labor shortage, which positively influenced the growth of the welding robotics market from 2021.
Europe Robotic Welding Market Revenue and Forecast to 2028 (US$ Million)
Europe Robotic Welding Market Segmentation
Europe Robotic Welding Market - By Type
Spot Welding Arc Welding Others Europe Robotic Welding Market - By Payload
Less than 50 Kg 50 KG -150 Kg More than 150 Kg Europe Robotic Welding Market - By End-User
Automotive & Transportation Electrical & Electronics Metals & Machinery Construction Others Europe Robotic Welding Market- By Country
Germany France Italy The UK Spain The Rest of Europe Europe Robotic Welding Market-Companies Mentioned
ABB Fanuc Corporation IGM ROBOTERSYSTEME Kawasaki Heavy Industries, Ltd. Kuka AG NACHI FUJIKOSHI CORP Panasonic Corporation Yaskawa Electric Corporation
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