Industry Overview on Robotic Welding Market
Robotic welding, also known as automated welding, represents a process of fusing two materials together by utilizing mechanized programmable instruments that heat, cool, and mix metal materials. It is commonly available in spot welding and arc welding categories. Robotic welding products ensure that weld integrity is improved with consistent results for fast-quality welds while reducing human errors, distractions, fatigue that may cause defects, etc. They help in reducing fewer scrap metals and waste as compared to conventional manual welding procedures. Robotic welding systems are cost-effective, as they eliminate the need for hiring additional staffing for production. Consequently, they find extensive applications across numerous sectors, such as consumer electronics, aerospace, defense, mining, construction, etc.
How Big Is the Robotic Welding Market?
According to the new market research report by IMARC Group the global robotic welding market reached a value of US$ 6.7 Billion in 2022. It is projected to reach a value of US$ 10.9 Billion by 2028, exhibiting a CAGR of 8.1% during 2023-2028.
Global Industry Trends and Drivers:
The rising consumer inclination towards lowering intensive labor injuries, improving order fulfillment speed and accuracy, and enhancing uptime with reduced costs is among the key factors driving the robotic welding market. Additionally, the widespread adoption of these welding solutions for efficient utilization of working space and enhancing the supply chain performance in various industries is also positively influencing the global market. Besides this, the increasing investments by leading manufacturers in R&D activities to improve the functions of robotic welding systems by customizing them for several conditions, which include cloud-based operations and remote monitoring and building effective physical stature for optimal compatibility with the human workforce, are acting as significant growth-inducing factors. Moreover, the increasing usage of this technique in the automotive sector, on account of its minimal hard tooling requirement and reprogrammable features, is expected to bolster the robotic welding market over the forecasted period.
Key Market Segmentation:
The report provides detailed segmentation of the global robotic welding market based on based on type, payload, end user and region.
Type:
- Spot Welding
- Arc Welding
- Others
Payload:
- Less than 50 Kg
- 50-150 Kg
- More than 150 Kg
End User:
- Automotive and Transportation
- Electrical and Electronics
- Metals and Machinery
- Others
Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are ABB Ltd., Comau (Stellantis N.V.), DAIHEN Corporation, FANUC Corporation, Hyundai Robotics Co. Ltd. (Hyundai Heavy Industries Group), Kawasaki Heavy Industries Ltd., KUKA AG, Nachi-Fujikoshi Corp., Panasonic Corporation, Siasun Robot & Automation Co. Ltd. and Yaskawa Electric Corporation.
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