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Report
Robotic Welding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-07-05 I 139 Pages I IMARC Group
Market Overview:
The global robotic welding market size reached US$ 6.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
Robotic welding, also known as automated welding, is a process of fusing two materials together using mechanized programmable instruments that heat, mix, and cool metal materials. It ensures that weld integrity is enhanced with consistent results for fast quality welds while reducing human errors, fatigue and distractions that may cause defects. As it helps in more accurate and precise welding, there are fewer scrap metals and wastes with robotic welding compared to manual welding. In addition, it performs different welding processes with less manpower and without the need for hiring additional staffing for production. As a result, it finds extensive applications in automotive, electronics, aerospace, defense, construction, and mining industries across the globe.
Robotic Welding Market Trends:
Due to reduced intensive labor injuries, improved order fulfilment speed and accuracy, and increased uptime with reduced costs, there is a rise in the utilization of robotic welding around the world. This, along with the growing demand for robotic welding to enhance the efficient use of working space and improve the supply chain performance in end-user industries, represents one of the key factors driving the market. Moreover, key market players are extensively investing in research and development (R&D) activities to improve the functions and benefits offered by robotic welding. This, coupled with the rising customization of robotic welding for several requirements, such as cloud-based operations and remote monitoring, along with effective physical stature for improved compatibility with the human workforce, is positively influencing the market. Additionally, the increasing employment of robotic welding in the automotive industry for resistance spot welding and arc welding in high production applications is offering lucrative growth opportunities to industry investors. Besides this, robotic welding requires minimal hard tooling as they are reprogrammable, which is projected to bolster the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global robotic welding market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, payload and end user.
Breakup by Type:
Spot Welding
Arc Welding
Others
Breakup by Payload:
Less than 50 Kg
50-150 Kg
More than 150 Kg
Breakup by End User:
Automotive and Transportation
Electrical and Electronics
Metals and Machinery
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Comau (Stellantis N.V.), DAIHEN Corporation, FANUC Corporation, Hyundai Robotics Co. Ltd. (Hyundai Heavy Industries Group), Kawasaki Heavy Industries Ltd., KUKA AG, Nachi-Fujikoshi Corp., Panasonic Corporation, Siasun Robot & Automation Co. Ltd. and Yaskawa Electric Corporation.
Key Questions Answered in This Report
1. What was the size of the global robotic welding market in 2022?
2. What is the expected growth rate of the global robotic welding market during 2023-2028?
3. What has been the impact of COVID-19 on the global robotic welding market?
4. What are the key factors driving the global robotic welding market?
5. What is the breakup of the global robotic welding market based on the type?
6. What is the breakup of the global robotic welding market based on the payload?
7. What is the breakup of the global robotic welding market based on the end user?
8. What are the key regions in the global robotic welding market?
9. Who are the key players/companies in the global robotic welding market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Robotic Welding Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Spot Welding
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Arc Welding
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Payload
7.1 Less than 50 Kg
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 50-150 Kg
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 More than 150 Kg
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End User
8.1 Automotive and Transportation
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Electrical and Electronics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Metals and Machinery
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Comau (Stellantis N.V.)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 DAIHEN Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 FANUC Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Hyundai Robotics Co. Ltd. (Hyundai Heavy Industries Group)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Kawasaki Heavy Industries Ltd.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 KUKA AG
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Nachi-Fujikoshi Corp.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Panasonic Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Siasun Robot & Automation Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 Yaskawa Electric Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
Figure 1: Global: Robotic Welding Market: Major Drivers and Challenges
Figure 2: Global: Robotic Welding Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Robotic Welding Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Robotic Welding Market: Breakup by Type (in %), 2022
Figure 5: Global: Robotic Welding Market: Breakup by Payload (in %), 2022
Figure 6: Global: Robotic Welding Market: Breakup by End User (in %), 2022
Figure 7: Global: Robotic Welding Market: Breakup by Region (in %), 2022
Figure 8: Global: Robotic Welding (Spot Welding) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Robotic Welding (Spot Welding) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Robotic Welding (Arc Welding) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Robotic Welding (Arc Welding) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Robotic Welding (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Robotic Welding (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Robotic Welding (Less than 50 Kg) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Robotic Welding (Less than 50 Kg) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Robotic Welding (50-150 Kg) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Robotic Welding (50-150 Kg) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Robotic Welding (More than 150 Kg) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Robotic Welding (More than 150 Kg) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Robotic Welding (Automotive and Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Robotic Welding (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Robotic Welding (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Robotic Welding (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Robotic Welding (Metals and Machinery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Robotic Welding (Metals and Machinery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Robotic Welding (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Robotic Welding (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Robotic Welding Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Robotic Welding Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Robotic Welding Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Global: Robotic Welding Industry: SWOT Analysis
Figure 78: Global: Robotic Welding Industry: Value Chain Analysis
Figure 79: Global: Robotic Welding Industry: Porter's Five Forces Analysis
Table 1: Global: Robotic Welding Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Robotic Welding Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Robotic Welding Market Forecast: Breakup by Payload (in Million US$), 2023-2028
Table 4: Global: Robotic Welding Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Robotic Welding Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Robotic Welding Market: Competitive Structure
Table 7: Global: Robotic Welding Market: Key Players
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