Press release
With 10.5% CAGR, Robotic Welding Market Size to Surpass USD 11.7 billion
The robotic welding market (with peripherals) size is projected to reach USD 11.7 billion by 2026 from an estimated USD 7.1 billion in 2021, at a CAGR of 10.5% from 2021 to 2026. Intensifying adoption of industry 4.0 principles and increasing adoption of welding robots in the automotive and transportation industries are among the factors driving the growth of the robotic welding market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248099543
By type, the spot welding robots segment accounted for the largest share of robotic welding market in 2020
The market players are significantly investing in research and development activities to expand their product portfolios and offer low-cost and high-efficiency robotic spot welding solutions with less welding time. For instance, in 2020, FANUC Corporation introduced R-2000iD, a hollow arm and small installation robot ideal for spot welding applications. It comprises durable cables, which cut down maintenance time and costs. Presently, this robot comes with a 210-kilogram or a 165-kilogram maximum load capacity and 2,605 mm reach. These factors are accelerating the growth of spot welding robots segment of robotic welding market.
By industry, metals and machinery segment of the robotic welding market is projected to grow at the second highest CAGR from 2021 to 2026
The metals and machinery industry includes the manufacturing of a broad range of machines used in agriculture, mining, and construction industries. This industry faces significant competitive pressure to cut down the manufacturing costs of machines and enhance their efficiency. The metals and machinery industry has adopted different automation solutions, including robotic welding, motion control and machine learning technologies, industrial robots, etc., to reduce manufacturing costs and enhance the efficiency of machines.
By region, Europe held the second largest share of the robotic welding market in 2020
Europe region accounted for the largest share of the overall robotic welding market in 2020. The region focuses on developing highly advanced connected cars and autonomous vehicles, thereby accelerating the demand for robotic welding solutions. According to the Society of Motor Manufacturers and Traders (SMMT), over 920,000 car units were produced in the UK in 2020. Of these, over 749,038 were shipped (exported) worldwide in the same year. Thus, the rising demand for welding robots from the automotive industry to increase their production is anticipated to drive the growth of the robotic welding market in Europe.
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FANUC Corporation (Japan), YASKAWA Electric Corporation (Japan), KUKA AG (Germany), ABB (Switzerland), Kawasaki Heavy Industries, Ltd. (Japan), Panasonic Corporation (Japan), DAIHEN Corporation (Japan), NACHI-FUJIKOSHI CORP. (Japan), Comau S.p.A. (Italy), and Hyundai Robotics (South Korea) are some of the key players in the robotic welding market.
The scope of the report covers detailed information regarding major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the robotic welding market. A detailed analysis of the key industry players has been carried out to provide insights into their business overviews, product offerings, and key strategies, such as product launches, expansions, partnerships, contracts, joint ventures, agreement, and acquisitions, associated with the robotic welding market.
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Mr. Aashish Mehra
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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