Global Robotic Welding Market Size, Trends & Growth Opportunity, By Product Type, By End User, By Region and Forecast till 2027
Global Robotic Welding Market was valued at USD 4.21 billion in 2019 which is projected to reach USD 8.45 billion by 2027 at a CAGR 8.71%. Robotic welding is defined as an automated process which is carried out by using motorized programmable device to manufacture a complex material piece. This technology is also known as arc welding, spot welding, and resistance welding. Robotic welding offer various benefits such as increase in productivity, flexibility, consistently, safety, quality, reduce the consumables, reduced production cost.
Increase in adoption of welding robots to improve productivity on lines which is expected to boost the global robotic welding market growth. Further, increase in use of robotic welding has reduced intensive labor injuries, improved speed and accuracy and reduce costs will positively contribute the market growth during this forecast period. This technology improves the efficient use of working space and enhances the supply chain performance in end use industries. Moreover, increase in investments and funding in various industries for research and developments on robotic technology has support the global robotic welding market growth over the forecast period. This technology can be customized to offer specific requirements like cloud based operation and remote monitoring with effective physical stature for improved Compatibility with human workforce with the help of innovative and advanced technologies.
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Huge installation cost for small and medium size manufacturing organizations is the major challenging factor which is expected to hamper the global robotic welding market growth. Also, complex integration capabilities required for initial setup of welding robots will affect the market growth.
Global Robotic Welding Market is segmented into type such as Arc Welding, Spot Welding, and Others. Further, market is categorized into end user such as Automotive & Transportation, Metals, & Machinery, Electricals & Electronics, Aerospace & Defense and Others.
Also, Global Robotic Welding Market is segmented five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report including ABB, Panasonic Corporation, Kuka, Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Ltd., Daihen Corporation, Denso Corporation, Nachi-Fujikoshi Corp, Comau S.P.A., and IGM Robotic Systems, Inc
Market Taxonomy By Type Arc Welding Spot Welding Others
User Automotive & Transportation Metals, & Machinery Electricals & Electronics Aerospace & Defense Others
Europe Asia Pacific
Middle East & Africa
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