Global Robotic Welding Market Outlook for 2028
As per the report by Triton Market Research, the global robotic welding market garnered $8767.11 million in 2021. It is anticipated to register a CAGR of 7.35% during 2022-2028.
A recent study by Triton Market Research titled ‘Global Robotic Welding Market,’ includes Global Analysis and Forecast by Industry Vertical (Electrical & Electronics, Metals & Machinery, Automotive & Transportation, Other Industry Verticals), by Welding Type (Arc {MIG, TIG}, Spot, Plasma, Laser, Other Welding Types), by Payload Capacity (Less Than 50 KG, 50 KG To 150 KG, More Than 150 KG), and Regional Outlook (Europe, North America, Middle East and Africa, Asia-Pacific, Latin America).
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Triton’s market research report puts forth that the global robotic welding market would advance with a CAGR of 7.35% during the assessed period from 2022 to 2028, gaining $14184.06 million in revenue by 2028.
Robotic welding combines robotics, welding, control systems, artificial intelligence, and sensor technology. Welding robots are manufactured using an amalgamation of high-quality hardware and advanced software. This new technology combination is being used on a large scale and has expanded the horizon of the robotic welding market.
However, operating and maintaining welding robots requires technical expertise and extensive training for personnel. Also, equipment maintenance incurs high investment costs. These factors are expected to hinder the growth of the studied market.
The market for robotic welding is segmented based on welding type, payload capacity, and industrial vertical. The automotive & transportation, metals & machinery, electrical & electronics, and other industry verticals are further subdivided under the industry vertical sector. On the other hand, arc, spot, plasma, laser, and other welding kinds are categorised under the welding type section. MIG and TIG are additional classifications for Arc. Finally, there are three categories for the payload capacity segment: less than 50 kg, 50 kg to 150 kg, and more than 150 kg.
Over the course of the consideration period, North America's market is anticipated to grow at the fastest rate globally. The region is distinguished by the existence of industrialised economies with high GDP per capita, extensive industrialisation, and favourable economic
The leading companies in the robotic welding market include IGM Robotersysteme AG, Kemppi Oy, Miller Electric Mfg LLC, Kuka AG, Nachi-Fujikoshi Corp, Denso Corporation, Daihen Corporation, ABB Ltd, Kawasaki Heavy Industries Ltd, Lincoln Electric Holdings Inc, Yaskawa Electric Corp, Siasun Robot & Automation Co Ltd, Hyundai Motor, FANUC Corporation, and Panasonic Corporation.
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Question & Answer: Robotic Welding Market
Question 1: What factor is expected to widen the scope of the robotic welding market?
Answer: Robotic welding combines robotics, welding, control systems, artificial intelligence, and sensor technology. Welding robots are manufactured using an amalgamation of highquality hardware and advanced software. This new technology combination is being used on a large scale and has expanded the horizon of the robotic welding market.
Question 2: Which factors can hinder the robotic welding market’s growth?
Answer: Operating and maintaining welding robots requires technical expertise and extensive training for personnel. Also, equipment maintenance incurs high investment costs. These factors are expected to hinder the growth of the studied market.
Question 3: Which is the fastest-growing region in the studied market?
Answer: The market in North America is expected to observe the fastest growth in the world, over the considered period. The region is characterized by the presence of developed economies, such as the United States and Canada, having high GDP per capita, vast industrialization, favorable economic policies, state-of-the-art infrastructure, and a positive outlook towards adoption of advanced technology, combined with a high inclination for automation across the commercial and industrial sectors. These factors are expected to favor the growth of the North American market in the coming years.
Question 4: Which are the leading companies operating in the robotic welding market?
Answer: The leading companies in the robotic welding market include IGM Robotersysteme AG, Kemppi Oy, Miller Electric Mfg LLC, Kuka AG, Nachi-Fujikoshi Corp, Denso Corporation, Daihen Corporation, ABB Ltd, Kawasaki Heavy Industries Ltd, Lincoln Electric
Holdings Inc, Yaskawa Electric Corp, Siasun Robot & Automation Co Ltd, Hyundai Motor, FANUC Corporation, and Panasonic Corporation.
Related Report:
Global Automotive Robotics Market
The global automotive robotics market is anticipated to progress at a CAGR of 11.63% in the forecasting duration 2021-2028, earning a net revenue of $12655.25 million by 2028.
Automation has emerged as a boon to the automotive sector and has ensured consistent quality along with an enhanced production rate. In fact, robotics and automation account for the largest revenue share in the automotive industry worldwide, and hence, many automotive-related applications, such as welding, painting, gluing, and machine tending, have been automated.
At present, robots handle even the most complex manufacturing tasks in the automotive industry, and complete them several times faster than human workers. Advanced robotics, coupled with automation technologies and learning modules, are performing tasks with more accuracy than ever, thus increasing industrial productivity. As a result, there has been a rapid shift towards automation and robotics in automobiles, which is expected to foster the development of the studied market.
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