The new report by Expert Market Researchtitled, ‘Global Robotic Welding Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global quick service restaurants market, assessing the market based on its segments like types, payloads, end-users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 7.12 Billion
- Forecast CAGR (2022-2027): 10.45%
- Forecast Market Size (2027): USD 12.92 Billion
The global market for robotic welding is being driven by the advent of Industry 4.0 owing to the presence of Industrial Internet of Things (IoT) which automates the manufacturing process in industries like automotive, machinery, and electronics. The automotive industry is one of the most significant end-users of robotic welding with the wide utilisation of robotic spot welding to assemble different parts precisely and without any error. Moreover, robotic welding has become a more preferred choice over manual welding owing to safety against flashes, fumes, sparks, and heat produced from welding, which is hazardous to human health, thereby stimulating the growth of the market.
Industry Definition and Segmentation
Robotic welding refers to a highly advanced version of automated welding in which robots are used to perform the welding procedure using advanced digital software technology.
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Based on type, the market can be divided into:
- Spot Welding Robots
- Arc Welding Robots
On the basis of payload, the market can be segmented into:
- Less than 50 Kg
- 50-150 Kg
- More than 150 kg
The market, based on end-user, can be categorised into:
- Automotive and Transportation
- Electrical and Electronics
- Metals and Machinery
- Aerospace and Defence
The regional markets for the product include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The growth in the global market for robotic welding can be associated with the rising use of laser welding technology for different industrial applications. Laser welding is popularly known for providing high speed, enhanced accuracy, increased reliability, and improved precision, hence pushing the growth of the market. Laser welding technique is rapidly used for short welds with curved surfaces and are otherwise difficult to reach and with the help of external axes, robotic laser welding is also suitable for long welds such as aircraft and shipbuilding industries. Furthermore, the rapid technical developments in spot welding technology for higher flexibility, introduction of spot-welding guns, and energy efficient robots are factors influencing the growth of the market.
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Key Market Players
The major players in the market are Fanuc Corporation, Yaskawa Electric Corporation, Kuka AG, ABB Ltd., Kawasaki Heavy Industries, Ltd., Panasonic Corporation, and Daihen Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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