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Global Robotic Welding Market to Grow at a CAGR of 10.45% During 2022-2027, Aided by Applications of Spot Robotic Welding in the Automotive and Transportation Industry

According to a new report by EMR titled, ‘Global Robotic Welding Market Report and Forecast 2022-2027’, the global robotic welding market attained a value of about USD 7.12 billion in 2021. The market is further expected to grow at a CAGR of 10.45% during the forecast period of 2022-2027 to reach nearly USD 12.92 billion by 2027.

The global robotic welding industry, based on end-user, is likely to be dominated by the automotive and transportation industry in the coming years. This can be attributed to the growing demand for automation in vehicle manufacturing. Robotic spot welding is widely used in automation manufacturing to assembling different parts precisely and without any error. The rapid technical developments in spot welding technology for higher flexibility, the introduction of spot-welding guns, and energy-efficient robots are factors influencing the market's growth. With increasing disposable incomes and the resultant rising demand for personal vehicles, and the introduction of advanced technology, the automobile industry is witnessing rapid growth. The surging demand is thus propelling the adoption of advanced manufacturing techniques such as automatic welding, thereby promoting the overall market growth of robotic welding in the automobile industry.

Yaskawa Electric Corporation (TYO:6506), a leading player in the robotic welding industry, launched three products in the robotic welding space in July 2019. The new products by the company include AR 3120, a six-axis arc welding robot, Universal Weldcom Interface (UWI), an easy-to-use application for arc welding, and ArcWorld 50 series, an updated work cell for demanding production environments. The AR3120 is ideal for agricultural equipment, construction machinery, and automotive frames with its long reach. Furthermore, the slim design of the robot features a streamlined arm design for reduced interference, thereby giving it access to parts in tight spaces. In addition, the payload capacity supports several motorised torches and sensors, and a symmetric wrist profile provides equal torch access to both sides. Such developments by leading market players positively influence the growth of the market.

Market Analysis by Type, Payload, End-User, and Region:

  • On the basis of type, the market can be divided into spot welding robots and arc welding robots, among others.
  • The market, based on payloads, can be categorised into 50 Kg, 50-150 Kg, and more than 150 Kg.
  • Based on end-user, the market segmentations include automotive and transportation, electrical and electronics, metals and machinery, and aerospace and defence, among others.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific and the Middle East and Africa.

Key Findings of the Report:

  • The growth in the market is a result of the advent of the industrial internet of things (IIoT), the rising dependency on automation and the increasing market penetration of advanced digital technology.
  • Robotic welding is being rapidly used to achieve precise and quick results and reduce the risk of hazardous effects of welding induced fumes and sparks on human health.
  • The market growth can be associated with the flexibility of laser welding technology in short and long welds for enhanced accuracy and heightened reliability.
  • The automotive and transportation industry is a significant application of robotic welding technology for assembling different products quickly and precisely.

Key Offerings of the Report:

  • The EMR report gives an overview of the global robotic welding industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for types, payloads, end-users, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the robotic welding industry include Fanuc Corporation, Yaskawa Electric Corporation, Kuka AG, ABB Ltd., Kawasaki Heavy Industries Ltd., Panasonic Corporation, and Daihen Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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