REPORT HIGHLIGHT
Robotic Welding Market size was valued at USD 5,753.2 Million in 2022, expanding at a CAGR of 9.5% from 2023 to 2030.
Robotic welding, which offers benefits including increased precision, productivity, and safety, uses automated robots to carry out welding processes. Robotic welding can be done in risky situations, lowering the dangers to human welders, and improving workplace security.
Robotic Welding Market- Market Dynamics:
Growing trend of industrial automation, increased focus on productivity is expected to propel the robotic welding demand.
The industry 4.0 and the global trend toward industrial automation have been major market drivers for robotic welding. Manufacturers are increasingly looking for ways to automate their welding procedures to increase productivity overall and improve efficiency and error rates. Lack of qualified welders has affected several businesses. Robotic welding provides a solution by minimizing the need for human labor and safety issues related to hand welding in dangerous settings. Robotic welding systems can produce reliable, high-quality welds, which is critical for sectors like automotive and aerospace where precision and repeatability are crucial.
Robotic welding systems are made to be versatile and able to adjust to various welding jobs, product changes, and production needs. In fields where product lines are often updated or diversified, this adaptability is highly prized. In comparison to conventional welding techniques, robotic welding systems can help promote environmental sustainability by using less energy and producing less waste from the materials they use.
Robotic Welding Market- Key Insights:
- As per the analysis shared by our research analyst, the global Robotic Welding market is estimated to grow annually at a CAGR of around 9.5% over the forecast period (2023-2030)
- The Robotic Welding industry is projected to grow at a significant rate due to the growing focus on animal health and nutrition.
- Based on Application, automotive & transportation segment is expected to hold significant market share by 2030.
- Based on Type segmentation, arc welding segment was the leading in 2022.
- On the basis of region, North America was the leading revenue generator in 2022.
Robotic Welding Market- Segmentation Analysis:
The Global Robotic Welding Market is segmented on the basis of Type, Application, and Region.
The market is divided into two categories based on Type: arc welding, spot welding, and others. The arc welding segment dominates the market. Increasing demand from industrial welding, automotive industries is contributing to market growth.
The market is divided into four categories based on Application: automotive & transportation, electrical & electronics, machinery, and others. The automotive & transportation segment dominates the market. The rising demand for welding purpose in automotive sector is increasing the segment growth.
Robotic Welding Market- Geographical Insights:
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Robotic Welding Market- Competitive Landscape:
Owing to the increasing demand from industrial, machinery operation sector, which influence the robotic welding market. Several distribution channels, including corporate websites, and products, are used by businesses to sell their solutions & products. Product manufacturers compete on various factors, such as product pricing, performance, product creation, and marketing. reputation, and availability. Some of the primary techniques, and strategies used by corporations to consolidate their reach and expand their market share include new product launches, R&D expenditure, developing its distribution network and mergers & acquisitions. Some of the recent developments are mentioned below.
Recent Developments:
In 2022, Fanuc has invested significant revenue share in research and development activities to enhance its robotic welding solutions.
Key features of the study:
- This proposed research study on Robotic Welding market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
- The report provides the client the latest up-to-date and trending insights about the Robotic Welding market.
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Robotic Welding market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Robotic Welding market
- Impact of COVID-19 on Robotic Welding market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Robotic Welding market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Robotic Welding market, we have also included competitive landscape and key innovator analysis for the Robotic Welding market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial inspection and strategic initiatives of players operating in the Robotic Welding market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global Robotic Welding market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ROBOTIC WELDING MARKET KEY PLAYERS
- ABB Robotics
- FANUC Corporation
- Yaskawa Electric Corporation
- Panasonic Welding Systems
- Comau S.p.A.
- Universal Robots
- Kawasaki Robotics
- Nachi-Fujikoshi Corporation
- OTC Daihen Inc.
- Denso Corporation
- Cloos Welding Technology GmbH
- Lincoln Electric Company
- Fronius International GmbH
- Reis Robotics
- Acieta LLC
GLOBAL ROBOTIC WELDING MARKET, BY TYPE
- Arc welding
- Spot welding
- Others
GLOBAL ROBOTIC WELDING MARKET, BY APPLICATION
- Automotive and transportation
- Electricals and electronics
- Machinery
- Others
GLOBAL ROBOTIC WELDING MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA