The global robotic welding cell market share is expected to grow from US$ 1,240.18 million in 2022 to US$ 1,919.62 million by 2028. It is estimated to grow at a CAGR of 7.6% from 2022 to 2028.
Industry 4.0 emphasizes the use of smart factories, which utilize calm systems capable of managing both the physical and virtual aspects of production. These systems are background systems that work behind the scenes and are aware of their surroundings and the objects they interact with. By containing numerous smart devices capable of self-optimizing production, smart factories can greatly reduce downtime and increase efficiency. As a result, the market for robotic welding cells is growing. Collaborative robots, or cobots, are designed to work alongside humans in hazardous or tedious environments. Unlike traditional industrial robots, cobots operate in shared workspaces and can perform a variety of tasks, making them a valuable addition to modern manufacturing facilities.
Cobots are distinct from traditional industrial robots in that they do not require pre-programmed actuators to drive them and lack cognitive capabilities. This means that humans would need to reprogram the operations of traditional robots based on new circumstances. In contrast, cobots can be programmed to perform a wide range of tasks in a factory setting, and their movements are directed by computer-controlled operators that humans can monitor. Governments around the world are supporting research and innovation programs in robotics, including the Horizon 2020 project in Europe and Germany's Industry 4.0 initiative. These efforts aim to drive the adoption of industrial automation and support small and medium-sized businesses in implementing industrial robots. As cobots facilitate effective human-machine collaboration in the workplace, they are likely to propel the growth of the robotic welding cell market during the forecast period.
The adoption of cobots in factories can bring about a wide range of benefits, as they can be programmed to handle various tasks such as assembly, palletizing, packaging, quality inspection, welding, and machine tending. This allows human workers to focus on tasks that require more cognitive abilities. As a result, the use of cobots is expected to drive the growth of the robotic welding cell market in the near future.
In terms of market dominance, the Asia Pacific region is poised to take a significant share due to advancements in manufacturing and increased industrial automation. The implementation of Industry 4.0 welding technology is also expected to propel the industry forward, while the emergence of multiple manufacturing sites will likely support market growth. For example, in February 2021, ABB was selected as one of OLA's partners to open a Mega Scooter plant in India.
Governments across the region are also promoting manufacturing through initiatives such as "Made in China 2025" and "Made in India." This is being achieved through measures such as tax cuts, subsidies, increased foreign direct investment (FDI), and other funding allocations aimed at attracting manufacturing bases to the region.
The demand for the robotic welding cell market is likely to surge in response to increased investment in manufacturing sectors, such as electronics and machinery, particularly in North America, where the presence of prominent players can further stimulate market growth. In addition, large investments in robot welding cells can drive market development, as the region increasingly adopts automated systems in various sectors, leading to improved working conditions and increased demand for robotic welding cells.
Europe, especially Germany, the UK, and France, remains a crucial region for the global robotic welding cell market, given that manufacturing is the backbone of the European economy. The Fourth Industrial Revolution (Industry 4.0) has had a significant impact on the manufacturing industry, expanding from developed countries to emerging markets, with the widespread use of sensors that can transform manufacturing methods in Europe. The deployment of increasingly intelligent robots and machines promises greater flexibility in production, mass customization, faster speeds, higher quality, and higher productivity, highlighting the need to focus deeply on technology and strengthen the competitiveness of the European robotic welding cell market.
The Middle East and SAM countries are expected to experience strong growth, driven by the growing need for automation across all industries and significant technological growth that is expected to increase the demand for the robot welding cell market. The region has shown a positive trend toward introducing automated systems, including robot welding cells, since 2021, despite the containment measures imposed by various governments.
Key companies in the robotic welding cell market are ABB Ltd; Acieta LLC; CARL CLOOS SCHWEISSTECHNIK GMBH; KAWASAKI HEAVY INDUSTRIES, LTD; KUKA AG; Phoenix Industrial Solutions; The Lincoln Electric Company; WEC Group Ltd.; Yaskawa America, Inc.; and ZEMAN Bauelemente GmbH. The report also comprises secondary research on other companies holding a significant robotic welding cell market share.
The overall size of the robotic welding cell market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the robotic welding cell market. The process also serves the purpose of obtaining an overview and forecast for the robotic welding cell market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the robotic welding cell market. This process includes industry experts, such as VPs, business development managers, market intelligence managers, national sales managers, external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the robotic welding cell market.