Robotic Welding Market Report by Type (Spot Welding, Arc Welding, and Others), Payload (Less than 50 Kg, 50-150 Kg, More than 150 Kg), End User (Automotive and Transportation, Electrical and Electronics, Metals and Machinery, and Others), and Region 2024-2032
The global robotic welding market size reached US$ 7.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 7.2 Billion
Market Forecast in 2032
US$ 13.5 Billion
Market Growth Rate (2024-2032)
7.1%
Robotic welding, also known as automated welding, is a process of fusing two materials together using mechanized programmable instruments that heat, mix, and cool metal materials. It ensures that weld integrity is enhanced with consistent results for fast quality welds while reducing human errors, fatigue and distractions that may cause defects. As it helps in more accurate and precise welding, there are fewer scrap metals and wastes with robotic welding compared to manual welding. In addition, it performs different welding processes with less manpower and without the need for hiring additional staffing for production. As a result, it finds extensive applications in automotive, electronics, aerospace, defense, construction, and mining industries across the globe.
Robotic Welding Market Trends:
Due to reduced intensive labor injuries, improved order fulfilment speed and accuracy, and increased uptime with reduced costs, there is a rise in the utilization of robotic welding around the world. This, along with the growing demand for robotic welding to enhance the efficient use of working space and improve the supply chain performance in end-user industries, represents one of the key factors driving the market. Moreover, key market players are extensively investing in research and development (R&D) activities to improve the functions and benefits offered by robotic welding. This, coupled with the rising customization of robotic welding for several requirements, such as cloud-based operations and remote monitoring, along with effective physical stature for improved compatibility with the human workforce, is positively influencing the market. Additionally, the increasing employment of robotic welding in the automotive industry for resistance spot welding and arc welding in high production applications is offering lucrative growth opportunities to industry investors. Besides this, robotic welding requires minimal hard tooling as they are reprogrammable, which is projected to bolster the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global robotic weldingmarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, payload, and end user.
Breakup by Type:
Spot Welding
Arc Welding
Others
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
Others
Breakup by 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Type, Payload, End User, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global robotic welding market was valued at US$ 7.2 Billion in 2023.
We expect the global robotic welding market to exhibit a CAGR of 7.1% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic has led to the growing deployment of robotic welding over manual welding to combat the spread of the coronavirus infection and to perform the tasks with minimum human errors, fatigue, and distractions that may cause defects.
The rising adoption of robotic welding for reduced intensive labor injuries, improved order fulfilment speed and accuracy, and increased uptime with reduced costs, is primarily driving the global robotic welding market.
Based on the type, the global robotic welding market can be categorized into spot welding, arc welding, and others. Currently, spot welding exhibits clear dominance in the market.
Based on the payload, the global robotic welding market has been segmented into less than 50 kg, 50-150 kg, and more than 150 kg. Among these, more than 150 kg currently holds the largest market share.
Based on the end user, the global robotic welding market can be bifurcated into automotive and transportation, electrical and electronics, metals and machinery, and others. Currently, the automotive and transportation sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa where Asia-Pacific currently dominates the global market.
Some of the major players in the global robotic welding market include 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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