Industry Overview on Robotic Welding Market
Automated welding, also referred to as robotic welding, is a process that involves using mechanized programmable tools to join two materials together by heating, cooling, and blending metal components. It encompasses spot welding and arc welding techniques. Robotic welding equipment ensures improved weld integrity and delivers consistent results for efficient and high-quality welds, while reducing the occurrence of human errors, distractions, and fatigue that can lead to defects. It also helps minimize scrap metals and waste compared to traditional manual welding methods. Robotic welding systems are cost-effective, as they eliminate the need for additional labor in the production process. As a result, they find widespread application across various industries, including consumer electronics, aerospace, defense, mining, construction, and more.
How Big Is the Robotic Welding Market?
According to the new market research report by IMARC Group the global robotic welding market size 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 growing demand for robotic welding systems is driven by several factors. Firstly, there is a rising preference among consumers to reduce labor-intensive injuries, improve the speed and accuracy of order fulfillment, and enhance operational efficiency while keeping costs under control. Secondly, the adoption of robotic welding solutions is increasing across industries as they offer efficient utilization of workspace and contribute to improved supply chain performance. Additionally, leading manufacturers are investing in research and development activities to enhance the capabilities of robotic welding systems. This includes customizing them for specific conditions, incorporating cloud-based operations and remote monitoring, and designing them to work effectively alongside human workers. These advancements are significant factors contributing to market growth. Furthermore, the automotive sector is increasingly adopting robotic welding due to its advantages such as minimal requirement for hard tooling and the ability to reprogram the systems as needed. This trend is expected to further drive the growth of the robotic welding market in 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.
Breakup by Type:
- Spot Welding
- Arc Welding
Breakup by Payload:
- Less than 50 Kg
- 50-150 Kg
- More than 150 Kg
Breakup by End User:
- Automotive and Transportation
- Electrical and Electronics
- Metals and Machinery
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- 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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