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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Robotic Welding Market Size
The global robotic welding market size reached nearly USD 4,501.10 million in 2023. The market is projected to grow at a CAGR of 8.0% between 2024 and 2032 around USD 9192.65 million by 2032.
Key Takeaways
- The shortage of skilled welders, in countries, such as the UK, Germany, the USA, etc. is compelling automotive and electronics manufacturers to invest in robotic welding.
- Fanuc Corporation, Yaskawa Electric Corporation, and Kuka AG are a few of the major companies in the market.
- The global robotic welding market is driven by the increasing adoption of Industry 4.0.
The rising industrialisation and surging manufacturing activities are supporting the demand for robotic welding from several end-use sectors, such as automotive, fabrication, electronics, and aerospace. About 3% of the global GDP is contributed by the automobile sector, with rising nations like China and India having the highest percentage at 7%. In the automotive sector, large robots conduct spot welding on heavy car body panels owing to their long arms and high payload capabilities.
Some of the factors driving the robotic welding market growth are the integration of advanced technologies and the ongoing shortage of welders, which is straining the manufacturing processes. The integration of advanced technology like artificial intelligence (AI) and the Internet of things (IoT) boosts the productivity and accuracy of these robots. Robotic welding cells with IoT connectivity inform operators when maintenance is required, allowing timely repairs, and reducing expensive downtime.
Robotic Welding Market Report Snapshots
Robotic Welding Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market value was approximately USD 4,501.10 million.
The market is projected to grow at a CAGR of 8.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 9192.65 million by 2032.
The major drivers include rising industrialisation and manufacturing activities, rising need for mobility solutions, and rising investments from the logistics and military sectors.
The key trends aiding the market include the integration of advanced technologies in robotic welding systems, increasing adoption of Industry 4.0, and improvements in the energy efficiency of welding robots.
The different types of welding robots include spot welding robots and arc welding robots, among others.
The major applications of robotic welding include automotive and transportation, electrical and electronics, metals and machinery, and aerospace and defence, among others.
The major players in the market include Fanuc Corporation, ABB Ltd., Yaskawa Electric Corporation, Kuka AG, EVS TECH CO., LTD, Estun Automation Co., Ltd., NACHI-FUJIKOSHI CORP., and Panasonic Corporation.
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