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Robotic Welding Market Size & Share | Global Report to Worth USD 11,316.45 million by 2028

the market was valued at US$ 4,397.73 million in 2021 and is projected to reach US$ 11,316.45 million by 2028; it is expected to grow at a CAGR of 14.5% from 2021 to 2028.


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Lisa Seghers

2 years ago | 2 min read

According to our latest market study on “Robotic Welding Market Forecast to
2028 – COVID-19 Impact and Global Analysis – by Type, Payload, and End-User,”
the market was valued at US$ 4,397.73 million in 2021 and is projected to reach
US$ 11,316.45 million by 2028; it is expected to grow at a CAGR of 14.5% from
2021 to 2028.

Automation has stirred the industrial sector by drastically
changing the way of production and reducing the manufacturing time and
production cost, owing to which robotic welding market players are shifting
toward networked and intelligent production of Industry 4.0-compatible robots.
For instance, in July 2020, ABB India opened a new robotics facility to offer
benefits of Industry 4.0 such as digitalization technologies and
industry-leading robotics to Indian industries across automotive & transportation
and electrical & electronics sectors. Additionally, players in the robotic
welding market take various strategic initiatives toward advanced Industry
4.0-ready solutions. For instance, in October 2020, Fujitsu, FANUC Corporation,
and NTT Communications established DUCNET Co., Ltd. to offer a cloud service
for supporting digital transformation (DX) in the machine tool industry and the
broader manufacturing industry. However, the rise in need for automation across
industries, coupled with significant technological growth, is expected to fuel
the robotic welding market growth.

Get a Sample Copy of
the Report@
https://www.theinsightpartners.com/sample/TIPRE00008449/?

Based on type, the global robotic welding market is
categorized into spot welding, arc welding, and others. In 2020, the
spot-welding segment led the robotic welding market and accounted for the
largest market share. Spot welding is a resistance welding process that uses a
large electrical current to join two or more metal sheets in a single location.
Spot welding technology has evolved through its extensive use in automobile
manufacturing using articulated robots. It is among the earliest welding
procedures that are used in several applications. It is employed in a vast
selection of businesses and has been widely used in welding sheet steel
automobile bodies. Moreover, the increasing product development by robotic
welding market players will drive the growth of robotic welding market size as
spot welding continues to be a major application area in automotive and
electronics manufacturing. For instance, Yaskawa Motowan, one of the key robotic
welding market players, is actively collaborating with automotive OEMs to
develop innovative robots to improve the overall body shop productivity.

Impact of COVID-19
Pandemic on North America Robotic Welding Market

Due to the COVID-19 pandemic, most of the manufacturing
facilities and robotics system integrators were either operating with a partial
workforce or were closed, and the supply chain of raw materials and components
was disrupted. robotic welding market players in North America. Further, owing
to the weaker demand from end users, the deployment of robotic welding
witnessed lower deployment numbers, which affected the robotic welding market
growth in 2020. However, according to the Association for Advancing Automation
from Q1 of 2021, procurement of robotics was 86% higher by metal manufacturers,
72% by life sciences, pharmaceuticals, and biomed manufacturers, 32% by food
and consumer goods manufacturers, and 12% by other nonautomotive manufacturers
compared to Q1 of 2020 in North America. Thus, the weaker demand from end users
affected the robotic welding market growth in 2020; however, the growing
inclination to automation by nonautomotive manufacturers fueled the growth of
the robotic welding market size from 2021.

The key players operating in the global robotic welding
market include ABB; FANUC; IGM ROBOTERSYSTEME AG; Kawasaki Heavy Industries,
Ltd; KUKA AG; NACHI-FUJIKOSHI CORP; OTC DAIHEN Inc.; Panasonic Corporation;
Novarc Technologies; and Yaskawa America, Inc. Several other robotic welding
market players have been analyzed to understand the robotic welding market.

Read Detailed Index
of full Research Study at @
https://www.theinsightpartners.com/reports/robotic-welding-market

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