Robotic Welding Market: Growth and Trends

The “Robotic Welding Market Research Report Overview by 2024” market size is reached USD 5.42 billion by 2020 and it is projected to reach USD 9.76 billion by 2028 between the forecast period and expected Compound annual growth rate of 7.7% between the forcast period by (2020-2028).

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Robotic Welding Market Share, Size & COVID-19 Impact Analysis, By Type (Arc, Spot, MIG/TIG, Laser, Others), By Payload Capacity (Low (6-22 kg), Medium (30-60 kg), High (80-300kg)) By Industry (Automotive, Aerospace & Defense, Construction, Mining, Railway & Shipbuilding, Electrical & Electronics, Others) and Regional Forecast Between, 2021-2028

Major Keyplayers of robotic welding market:

Some of the key players operating in the global robotic welding Industry are:

• FANUC Corporation (Japan)
• Kuka AG (Germany)
• Kemppi Oy (Finland)
• Yaskawa America (United States)
• ABB (Switzerland)
• Panasonic Corporation (Japan)
• OTC DAIHEN Inc. (U.S.)
• DENSO CORPORATION (Japan)
• Kawasaki Heavy Industries, Ltd. (Japan)
• The Lincoln Electric Company (U.S.)
• Miller Electric Mfg. LLC (U.S.)
• IGM ROBOTERSYSTEME AG (Austria)
• Abhisha Technocrats Pvt. Ltd. (Maharashtra, India)
• Acieta LLC (U.S.)
• EWM AG (Mündersbach, Germany)
• Carl Cloos Schweisstechnik GmbH (Haiger, Germany)
• SIASUN CO., LTD. (China)
• SMENCO (Australia)

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Key industry developments of robotic welding market:

• The U.S.-based Path Robotics raised USD 56.0 million for aggressive AI-powered expansion. The company pioneered in the robotic welding industry and has developed an autonomous system in the market.
• Yaskawa America, Inc. launched three new products in the robot welding space that includes an extended-reach industrial robot, a new easy-to-use pendant application for arc welding, and an updated work cell for demanding production environments.

Drivers and restraints of robotic welding market:

• Drivers:
  • Increased Demand for Automation: The push for automation in manufacturing to improve efficiency, precision, and productivity drives the adoption of robotic welding systems.
  • Cost Reduction in Labor: The use of robotic welding reduces labor costs and minimizes human error, making it a cost-effective solution for repetitive and complex welding tasks.
  • Technological Advancements: Innovations in robotics, such as advanced sensors, artificial intelligence, and improved control systems, enhance the capabilities and performance of robotic welding equipment.
  • Growing Manufacturing Sector: The expansion of industries such as automotive, aerospace, and heavy machinery increases the demand for robotic welding to meet high production and quality standards.
  • Focus on Quality and Consistency: Robotic welding systems provide high precision and consistent weld quality, which is crucial for meeting stringent industry standards and improving product reliability.
• Restraints:
  • High Initial Investment: The significant capital required for purchasing and implementing robotic welding systems can be a barrier, particularly for small to medium-sized enterprises.
  • Complex Integration: Integrating robotic welding systems with existing manufacturing processes and equipment can be complex and may require substantial time and technical expertise.
  • Maintenance and Technical Challenges: Robotic welding systems require regular maintenance and technical support, which can lead to additional operational costs and downtime if not managed effectively.
  • Skilled Workforce Requirements: Operating and programming robotic welding systems requires specialized skills and training, which may be a challenge in regions with a shortage of skilled labor.
  • Technological Obsolescence: Rapid advancements in robotics and welding technology may lead to the obsolescence of existing systems, necessitating frequent updates or replacements to remain competitive.

Regional Insights:

• North America (Type, Payload Capacity, Industry and Country)
  • U.S. (By Type)
  • Canada (By Type)
  • Mexico (By Type)
• Europe (Type, Payload Capacity, Industry and Country)
  • Germany (By Type)
  • U.K. (By Type)
  • France (By Type)
  • Italy (By Type)
  • Rest of Europe (By Type)
• Asia Pacific (Type, Payload Capacity, Industry and Country)
  • China (By Type)
  • Japan (By Type)
  • India (By Type)
  • Rest of Asia Pacific (By Type)
• Middle East and Africa (Type, Payload Capacity, Industry and Country)
  • GCC (By Type)
  • South Africa (By Type)
  • Rest of Middle East and Africa (By Type)
• South America (Type, Payload Capacity, Industry and Country)
  • Brazil (By Type)
  • Argentina (By Type)
  • Rest of South America (By Type)

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

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