robotic welding Market

The robotic welding market was valued at US$ 4,397.73 million in 2021 and is projected to reach US$ 11,316.45 million by 2028; it is estimated to register a CAGR of 14.5% from 2021 to 2028.

Laser welding technology provides high welding speed, reduces rework, offers increased reliability and weld quality, and delivers high precision with low unit cost for medium to large batch sizes. It is favored for projects requiring accuracy and high volume, such as jewelry, medical components, and large applications in industries like automotive & transportation, electrical & electronics, and aerospace & defense.

Plasma welding offers versatility as the operator can adjust the speed of gas flow and temperature. It is particularly useful in industries like automotive & transportation and electrical & electronics where flexibility is needed. The growth of laser and plasma welding processes is expected to create growth opportunities for welding robot manufacturers in the robotic welding market during the forecast period.

COVID-19 Impact on Robotic Welding Market:

The COVID-19 pandemic negatively impacted the robotic welding market in 2020 due to reduced workforce, shutdowns, and supply chain disruptions. However, there was a strong increase in procurement of robotics, especially in metal and life sciences, pharmaceuticals, and biomed manufacturing in North America from Q1 2021 compared to the same period in 2020. The weak demand from end-users affected the deployment of robotic welding in 2020, but it regained momentum due to the growing trend toward automation among non-automotive manufacturers.

The global robotic welding market has been divided into 5 major regions: North America, Europe, APAC, Middle East & Africa, and South America. APAC was the largest market share holder in 2020. APAC is a hub for manufacturing and exporting technologically advanced consumer goods such as electronics, appliances, and machinery. The region is promoted by government initiatives like Made in China 2025 and Make in India, through FDIs, subsidies, and tax rebates. These efforts are expected to drive the demand for robotic welding in the coming years due to increased investment in the manufacturing sector.

The major players operating in the global robotic welding market profiled in the market study include ABB; FANUC; IGM ROBOTERSYSTEME AG; Kawasaki Heavy Industries, Ltd; KUKA AG; NACHI-FUJIKOSHI CORP; OTC DAIHEN Inc.; Panasonic Corporation; Novarc Technologies; and Yaskawa America, Inc.

The global robotic welding market size was determined using both primary and secondary sources. The research started with comprehensive secondary research to gather qualitative and quantitative information about the robotic welding market. This process gave an overview and forecast of the market size for all segments. Additionally, several primary interviews were conducted with industry players and experts to validate the data and gain deeper insights. The participants included industry leaders, such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants such as valuation experts, research analysts, and key opinion leaders with expertise in the robotic welding market.