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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Robotic Welding Market Trends
The market is being driven by the increasing adoption of Industry 4.0. The initiative calls for the digitisation of the manufacturing sector by the adoption of trends such as data and connectivity, analytics, human-machine interaction, and improvements in robotics. Welding plays a pivotal role in automotive production to join metal car parts, such as the body, chassis, and car panels, among others. This drives the deployment of robotic welding that helps in precise and mass production. Approximately 60 million vehicles are manufactured worldwide annually.
Furthermore, by enhancing the energy efficiency of welding robots, manufacturers can help end users perform green manufacturing. Electrical and electronics manufacturing often involves intricate components and connections. Robotic welding ensures precise and consistent welds, critical for maintaining product quality and reliability. These robots can achieve accuracy levels difficult to match with manual welding. The electronics manufacturing sector plays a vital role in the U.S. economy, accounting for 1.6% of GDP.
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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