Global Welding Robotics Market Size is Projected to Exceed a Valuation of $15 Bn by 2030, Demonstrating a Robust CAGR of 8%

New York, NY, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Welding Robotics Market By Type (Spot, Laser, Arc, MIG/TIG, And Others), By Payload Capacity (Low (6kg-22kg), Medium (30kg-60kg), And High (80kg-300kg)) By End-User (Automotive, Construction, Railway & Shipbuilding, Aerospace & Defense, Mining, Electrical & Electronics, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Welding Robotics Market size & share in terms of revenue was valued at USD 6 billion in 2022 and it is expected to surpass around USD 15 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 8% during the forecast period 2023 to 2030.”

What is Welding Robotics? How big is the Welding Robotics Industry?

Report Overview:

The global welding robotics market size was evaluated at $6 billion in 2022 and is slated to hit $15 billion by the end of 2030 with a CAGR of nearly 8% between 2023 and 2030.

Welding robotics is a method that automates the act of welding with the purpose of boosting accuracy. This results in improved accuracy and safety, in addition to a reduction in the amount of time required to finish each job. Because of all of these benefits, the welding robotic technique has become the most widely used alternative to the traditional manual metal joining method. In addition to this, there has been an increase in the usage of welding, which has led to an increase in the output of welding lines as well as serious collisions in the workplace. To set the record straight, robotic welding technology is used extensively in a variety of industries, including metalworking, electronics, automotive, aerospace, and fabrication. As a result, industrial operations are able to save money and complete their tasks more quickly.

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Global Welding Robotics Market: Growth Factors

The demand for products and services on the global market has been motivated by a growth in the use of Industry 4.0 technology.

The growing adoption of the ideas underlying Industry 4.0 has led to an increase in demand for welding robots in the transportation and automotive industries. This demand has been a driving force behind the expansion of the market for welding robotics across the world. For example, in the second half of the year 2020, ABB India will announce the launch of a new robotics unit with the goal of assisting the digital transformation of manufacturing processes in India. This will be accomplished by utilising concepts from Industry 4.0, which include the utilisation of robots and online systems. Recent developments not just in automated systems and procedures, but also in automated systems themselves, have prepared the path for enormous growth in markets all over the world. In addition to this, rising costs of labour combined with the imperative to ensure the health and safety of employees have resulted in the widespread adoption of welding robots across a wide range of manufacturing processes. The introduction of new products has been a driving force behind the expansion of any industry, and the welding robotics industry is no exception to this rule. For example, Kemppi Oy, a welding company based in Finland, has introduced the Kemppi AXE MIG Welder, a powerful robotic welder that features seamless integration, an easy-to-use tool, and updated welding systems. The company is known as Kemppi. 

The Welding Robotics Market and Its Limiting Factors

It is possible that by the year 2030, the growth of global industry will be hampered by the requirement for large amounts of cash to purchase welding robots.

The global growth of the welding robotics business may be hampered by the necessity of making substantial upfront investments for the purpose of acquiring, maintaining, and programming welding robots. In addition to this, the limited acceptance of welding robots by small and medium-scale businesses can further put a brake on the trends that are occurring across the global sector.

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Report Scope

Welding Robotics Market: Segmentation Analysis

The global market for welding robotics may be broken down into four distinct segments: end-user, payload capacity, geography, and kind.   

In terms of the many types of welding robots available, the global market for welding robotics may be broken down as follows: spot, laser, arc, MIG/TIG, and others. In addition, it is anticipated that the arc segment, which had about half of the total market share in 2022, will achieve the highest CAGR in the years to come. It is possible that the large-scale penetration of arc welding in the automobile industry and other end-use industries that require accuracy will be responsible for the rise of this particular market in the years to come.

The global welding robotics market may be broken down into three different segments: low (between 6 and 22 kilogrammes), medium (between 30 and 60 kilogrammes), and high (between 80 and 300 kilogrammes) payload capacity. In addition, the medium segment, which ranges from 30 kg to 60 kg and contributed significantly to the overall revenue of the global industry in 2022, is expected to dominate the overall spike in the global industry throughout the course of the evaluation timeline. It is possible that an increase in the utilisation of medium (30kg-60kg) payload capacity in automotive and other end-use sectors under extreme climatic conditions is the root cause of the segmental expansion over the predicted timeline.

The global market for welding robotics is segmented into several different categories depending on the end-user, including automotive, electrical & electronics, construction, aerospace & defence, railway & shipbuilding, mining, and others. In addition, the automotive sector, which accounted for a significant portion of the global market in 2022, is anticipated to play a leading role in the advancement of the global market throughout the course of the anticipated timeline. It is possible that large demand for welding robots in automobile manufacturing activities would play a significant role in the segmental expansion over the anticipated timeline. Welding robots are in more demand in the automobile industry as a result of the growing emphasis placed on the expeditious assembly of vehicle components and spot welding.

The global Welding Robotics market is segmented as follows:

By Type

• Spot
• Laser
• Arc
• MIG/TIG
• Others

By End-User

• Automotive
• Construction
• Railway & Shipbuilding
•  Aerospace & Defense
•  Mining
• Electrical & Electronics
•  Others

By Payload Capacity

• Low (6kg-22kg)
• Medium (30kg-60kg)
• High (80kg-300kg)

Browse the full “Welding Robotics Market By Type (Spot, Laser, Arc, MIG/TIG, And Others), By Payload Capacity (Low (6kg-22kg), Medium (30kg-60kg), And High (80kg-300kg)) By End-User (Automotive, Construction, Railway & Shipbuilding, Aerospace & Defense, Mining, Electrical & Electronics, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030" Report At https://www.zionmarketresearch.com/report/welding-robotics-market

Competitive Landscape

Some of the main competitors dominating the global Welding Robotics market include - 

• Fanuc Corporation
• IGM ROBOTERSYSTEME AG
• Kuka AG
• Yaskawa Electric Corporation
• Estun Automation Co. Ltd.
• UNITED PROARC CORPORATION
• EVS TECH CO. LTD.
• Daihen Corporation
• Kawasaki Heavy Industries Ltd.
• Panasonic Corporation
• NACHI-FUJIKOSHI CORP.
• ABB Ltd.

 Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the Welding Robotics market is likely to expand at a CAGR of around 8% during the forecast period (2023-2030).                                
• In terms of revenue, the Welding Robotics market size was valued at around US$ 6 billion in 2022 and is projected to reach US$ 15 billion by 2030.
• The global welding robotics market is anticipated to easy access to facial treatment along with enhanced consciousness about new techniques.
• In terms of type, the arc segment is slated to register the highest CAGR over the analysis period.
• Based on the payload capacity, the medium (30kg-60kg) segment is anticipated to dominate the segment over the projected period.
• Based on the end-user, the automotive segment is anticipated to dominate the segment over the projected period.
• Region-wise, the North American welding robotics industry is projected to register the fastest CAGR during the assessment timeline.

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Key questions answered in this report:

• What is the market size and growth rate forecast for Welding Robotics industry?
• What are the main driving factors propelling the Welding Robotics Market forward?
• What are the leading companies in the Welding Robotics Industry?
• What segments does the Welding Robotics Market cover?
• How can I receive a free copy of the Welding Robotics Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Type, By End-User, By Payload Capacity, and By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

Asia-Pacific is projected to retain its global market leadership over the estimated timeframe

Asia-Pacific, which accounted for 65% of the global welding robotics market revenue in 2022, will be the dominating region over the assessment timeline. Moreover, the regional market growth can be credited to surging industrial automation in Japan, South Korea, China, and Taiwan. Moreover, the use of Industry 4.0 techniques will augment the expansion of the market in the region. Additionally, the presence of key players in the region will account majorly towards the regional market growth in the upcoming years.

North American welding robotics industry is set to register the fastest CAGR in the next couple of years subject to a rise in the allocation of funds on research activities related to automated processes and automated devices such as industrial robots in countries such as the U.S.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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