The robotic welding market size is driven by the increasing adoption of welding robots in the automotive industry and Industry 4.0 driving the demand for industrial robots.The spot welding segment leads the global market with a market share of 61.6% in 2020 and is expected to account for 56.9% of the total market share in 2028.
NEW YORK, Jan. 14, 2022 /PRNewswire/ — Robotic Welding Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type (Spot Welding, Arc Welding and Others) , Payload (under 50kg, 50–150kg and over 150kg) and End User (Automotive & Transportation, Electrical & Electronics, Metals & Machinery, and Construction)”, published by The Insight Partners, Global Robotic Welding Market Value 2021 USD 4,397.73 million, and is expected to reach USD 11,316.45 million by 2028; the compound annual growth rate from 2021 to 2028 is expected to be 14.5%.
ABB; Fanuc; IGM Robotic Systems, Inc.; Kawasaki Heavy Industries, Ltd.; KUKA Corporation; Nachi Tokoshi Corporation; OTC Tycoon Corporation; Panasonic Corporation; Novartis Technologies; and Yaskawa America, Inc. One of the main players introduced.Furthermore, several other significant Robotic Welding market players are also studied and analyzed to gain a comprehensive understanding of the global Robotic Welding market and its ecosystem.
Governments in the Asia Pacific region have committed to using the WGA to implement Industry 4.0 and the overall digital transformation of society, although the extent and process of the WGA varies from country to country.The 2020s will be key to the digital society journey of Asia-Pacific countries.The growing emphasis on smart connectivity will play many key roles in enhancing societies and economies during this decade.This period also coincides with the COVID-19 pandemic, which depends in part on the accelerated shift of work and social activities to digital platforms and the realization of Industry 4.0.The growth of the robotic welding market can be attributed to several government initiatives such as Make in India and Made in China 2025 and the Robot Revolution.In addition, increasing adoption of automation systems in the automotive and electronics industries, improved working conditions and safety, and technological advancements are expected to drive the growth of the robotic welding market.
On the basis of end user, the robotic welding market is segmented into automotive & transportation, electrical & electronics, metal & mechanical, and construction.In 2021, the automotive and transportation sectors will lead the robotic welding market and hold the largest market share.Welding robots are a critical part of operations in these industries.The transportation industry turned to automated robotic systems in the 1980s to improve its products and keep up with growing demand.The automotive industry has long been one of the fastest and largest adopters of robotic welding, driving the robotic welding market.Robots are used in nearly every part of car manufacturing in one way or another, and it remains one of the most automated supply chains in the world.Rising global demand for automobiles has put pressure on the transportation and automotive industries to increase production, thereby propelling the growth of the robotic welding market.
The emergence of the COVID-19 virus has impacted the revenue streams and operations of companies in the European Robotic Welding Market.For example, the COVID-19 outbreak has severely impacted ABB Ltd’s operations, resulting in an increased order backlog in 2020, while KUKA AG was able to manage its supply chain and meet its stated delivery schedule in 2020.Meanwhile, from automotive end users is at a low level in 2020 and 2021, which affects the growth of the robotic welding market.However, non-automotive end-users such as electronic, metal, and mechanical end-users have shown positive trends in the adoption of welding robots from the first quarter of 2021 due to the ongoing shortage of skilled labor, which will contribute to the growth of the robotic welding market from 2021 onwards. Growth had a positive impact.
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Post time: Jan-18-2022
