The Global Robotic Welding Market was valued at US$7.95 billion in 2023 and is anticipated to reach US$14.49 billion by 2029 from US$8.78 billion in 2024, increasing with a CAGR of 10.53% during 2024-2029.
Over the forecast period, the global automotive industry is expected to be one of the primary drivers of the robotic welding market. Robotic welding is essential in the production of innovative, improved, and high-quality cars. Robots are widely utilized in the automotive industry and can perform various operations, including painting, welding, finishing, and many more. This will also help to increase market demand. Robotic welding is a process utilized for welding automatically and requires additional manual work. Therefore, this robotic welding system decreases expenses and extra time by eliminating labor and reducing costs. Moreover, due to an unlucky accident, robotic welding systems help in reducing human injuries. Furthermore, robots are reprogrammable and adaptable, based on their role in the industrial or supply chain.
They are reprogrammable and require minimal hard tooling, making machines simple to reprogramme and requiring minimal hard tooling. As a result, completing the setup requires minimal work, making robotic welding a viable option for low-volume orders. Robotic welding is mostly utilized for arc welding and resistance spot welding. Robots basically help to automate the process, resulting in increased accuracy, reduced waste, and faster production. Furthermore, robots can adapt to a wide number of welding techniques, including arc, resistance, spot, TIG, and more, thanks to the variety of machinery available. In addition, because welding robots are programmable, it is possible to invest some time in programming the robot to program it with the details of the set of activities it has to execute in the manufacturing and supply chain.
As a result, manufacturing businesses are turning to robotic welding technology to enhance production, which is projected to drive growth in the worldwide robotic welding market. The evolution and progressive industry-wide adoption and implementation of Industry 4.0 contribute as a primary growth driver of the Robotic Welding Market and the numerous advantages of Robotic Welding over manual welding. Furthermore, apart from performing excellent welds, the ability to track a robot's performance provides a further benefit in terms of collecting data and identifying areas for improvement.
Moreover, the presence of laser and plasma welding technologies is a significant driver in increasing the global robotic welding market growth. In order to weld various parts together, a laser welding robot primarily utilizes a laser beam created using carbon dioxide and focused with the help of optics at workpieces. Laser welding technology provides significant cost savings for producing medium- and large-batch sizes of output goods. It has high welding speeds, lowers rework, is highly reliable, ensures improved weld quality, and is extremely precise. This method enables narrow welds with minor modifications to the welded objects. Moreover, the laser welding technique is employed in difficult-to-reach welding places.
Despite the advantages of robotic welding over traditional weldings, such as lower prices, faster productivity, better quality, and less waste, setting up a robotic welding setup requires a major investment of time and money, which is limiting the global robotic welding market's growth. Furthermore, robotic welding operations are likely to create unemployment in nations with rapidly rising populations, restraining the worldwide robotic welding industry.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
10.53% |
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Segments Covered |
By Type, Payload, End User, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
FANUC Corporation, YASKAWA Electric Corporation, KUKA AG, ABB, Kawasaki Heavy Industries, Ltd., Panasonic Corporation, DAIHEN Corporation, NACHI-FUJIKOSHI CORP., Comau S.p.A., Hyundai Robotics, and Others. |
The spot-welding segment is predicted to account for the majority of the market's revenue. Spot welding is a resistance welding procedure that joins two or more sheets of metal at a single spot with a significant electrical current. Spot welding has progressed as a result of its widespread application in the automotive industry using articulated robots. Spot welding robots have a higher payload and are more expensive than other robots, allowing them to dominate the global robotic welding market.
Compared to the 50-150 kilogram payload, the >150-kilogram payload segment will dominate the robotic welding market in the upcoming years on the basis of payload. The rising demand for high-payload arc and spot welding robots in the automotive and transportation, metals and machinery, and construction industries can be linked to the rise of this segment. Due to the employment of welding robots with payloads greater than 150 kilograms in the automotive and transportation industries for welding heavy-body panels, this industry is the largest end-user of welding robots with payloads greater than 150 kilograms. Furthermore, the growing demand for autos is driving the expansion of the robotic welding market's > 150-kilogram payload sector.
The automotive and transportation segment dominates the market because of the significant growth of automobiles in developing nations, which may be linked to a rise in disposable income in the population. In addition, developing economies such as China, India, Brazil, and Iran have a high demand for vehicles.
The Asia Pacific is expected to do increasingly better in the global robotic welding market in the predicted period. It is due to an increase in funds allocated to government efforts such as Make in India and Makes in China and firms viewing Asian giants such as India and China as viable expansion markets. Kemppi, for example, established a Robotic Welding Application Centre in China in 2017. In addition, growing fabrication centers for automotive, electrical, and electronic components are also driving market expansion in Asian countries.
North America is anticipated to hold second place in the global robotic welding market due to important key players in the United States. Moreover, these key players are focusing on making huge investments in taking over automated and advanced welding compared to the manual welding process.
On the other hand, Europe tends to have a significant CAGR in the global robotic welding market during the forecast period since most key players are adopting automated welding, mainly in Spain, the U.K., Germany, and Italy.
The Middle East and Africa are anticipated to witness steady growth in the global robotic welding market during 2024 - 2029. This is because of the industry's technological expansion and development.
Companies playing a prominent role in the global robotic welding market include FANUC Corporation, YASKAWA Electric Corporation, KUKA AG, ABB, Kawasaki Heavy Industries, Ltd., Panasonic Corporation, DAIHEN Corporation, NACHI-FUJIKOSHI CORP., Comau S.p.A., Hyundai Robotics, and Others.
On 31st July 2020, ABB announced that it would start a robotics facility in Bengaluru, India so that it would help to deliver robotic applications and digital solutions for several firms like food & beverage, automotive, and electronics.
Panasonic Corporation declared that it would partner with DSL Schweisstechnik in robotic welding. DSL Schweisstechnik would instead provide a robot and welding portfolio of Panasonic.
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