Robotic Welding Market to hit US$ 11,316.45 million, Globally, by 2028 at 14.5% CAGR: The Insight Partners

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.

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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.

The increasing demand for cars worldwide puts pressure on the transportation industry and automotive sector to raise production. More production will require investing in machinery, such as robotic welding arms, that increases the speed and accuracy of the vehicle-building process. Hence, the growth of automotive industry is contributed through increasing vehicle demand in emerging economies and increasing emphasis of governments to propel EV is driving the adoption of robotics welding, thereby contributing to the growth of robotic welding market size. For instance, in December 2021, the US government announced to phase out gas-powered vehicles by 2035. European Union and China have an ambitious target to be carbon neutral by 2050. In 2017, the Indian Government announced to sell only EVs from 2030.

Furthermore, the increasing strategic initiatives by the robotic welding market players in the automotive industry will drive the demand for robotic welding. For instance, in 2018, ABB acquired AB Rotech, a privately owned company experienced in robotic welding solutions and services for the automotive industry.

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Robotic Welding Market: Competitive Landscape and Key Developments

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.

Players operating in the robotic welding market are mainly focused on the development of advanced and efficient products.

1. In 2021, Otc Daihen introduced cutting-edge robotic and manual welding solutions such as robotic welders, power sources, teach pendants, cobot welders, and manual welders.

2. In 2021, ABB acquired ASTI for US$ 190 million to expand its autonomous mobile robots (AMR) business.

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