Worldwide Robotic Welding Industry Expected to Reach $6.7 Billion by 2029 - ResearchAndMarkets.com

Worldwide Robotic Welding Industry Expected to Reach $6.7 Billion by 2029 – ResearchAndMarkets.com

Dublin – ()–The Automated Welding Market by Component, Welding Process, Payload, End Use Industry, and Geography – Global Forecast to 2029 Report added to ResearchAndMarkets.com Show.

The global robotic welding market is expected to reach $6.77 billion by 2029, at a compound annual growth rate of 6.2% during the forecast period from 2022 to 2029. In terms of volume, this market is expected to reach 163.3 thousand units by 2029, at an average Compound annual growth of 11.2% from 2022 to 2029.

mentioned companies

  • ABB Ltd (Europe)

  • FANUC Corporation (Japan)

  • KUKA AG (Germany)

  • Yaskawa Electric Corporation (Japan)

  • Kawasaki Heavy Industries Co., Ltd. (Japan)

  • DAIHEN Corporation (Japan)

  • Staubli International AG (Switzerland)

  • EVS Tech Co. Ltd (China)

  • Panasonic Corporation (Japan)

  • Estun Automation Co., Ltd. (China)

  • United ProArc Corporation (Taiwan)

  • Nachi-Fujikoshi Corp. (Japan)

  • igm Robotersysteme AG (Austria)

  • Universal Robots A/S (Denmark)

The growth of this market is driven by the increasing adoption of Industry 4.0 principles and the growing adoption of welding robots in the automotive industry. However, the high initial cost of installing welding robots is expected to constrain the growth of this market.

Government initiatives to support digital transformation in Asia Pacific and the emergence of laser and plasma welding technologies are expected to provide significant growth opportunities for stakeholders in this market. However, the shortage of skilled workers to operate welding robots is expected to pose a major challenge to the growth of this market.

The study provides a comprehensive analysis of the global robotic welding market based on components (robots, end-of-arm devices (EOAT), controllers, software), welding process (resistive spot welding, arc welding, laser welding, plasma welding, ultrasonic welding and other welding processes). ), payload (less than 25kg payload, 25kg to 100kg payload, and over 100kg payload), end-use industry (automobile and transportation, oil and gas, electricity, construction, aerospace, mining, shipbuilding, heavy engineering equipment, defense and other industries end-use). The study also assesses industry competitors and analyzes the market at regional and country levels.

Based on components, the robotic welding market is segmented into robots, end arm devices (EOAT), controllers, and software. The robotics sector is also divided into articulated robots, Cartesian robots, cylindrical robots, SCARA robots, cooperative robots, delta robots and other robots. Moreover, the end-of-arm devices (EOAT) part is divided into welding torches, sighting systems, sensors, feeding systems, plasma flow controllers and other EOAT devices.

In 2022, the robotics segment is expected to account for the largest share of the robotic welding market. The large market share of this segment is attributed to the widespread use of robots in various industries, including automotive, oil and gas, manufacturing and defense. These robots are highly flexible in their configurations, allowing users to adjust speed, accuracy, stroke length and size. In addition, this segment is set to register the highest compound annual growth rate during the forecast period.

Based on payload, the robotic welding market is segmented into payloads less than 25kg, payloads 25kg to 100kg, and payloads over 100kg. In 2022, the payload segment less than 25kg is expected to account for the largest share of the robotic welding market. Robots with a payload of less than 25 kg are widely used for arc and point welding in the automotive, transportation, metallurgy, machinery and construction industries. Hence, the increasing demand from these industries contributes to the large market share of this sector. However, the 25kg to 100kg payload segment is set to register the highest compound annual growth rate (CAGR) during the forecast period.

Based on the end-use industry, the robotic welding market is segmented into automotive, transportation, oil and gas, electrical, construction, aerospace, mining, shipbuilding, heavy engineering equipment manufacturing, defense, and other end-use industries. In 2022, the automotive and transportation segment is expected to account for the largest share of the robotic welding market. The large market share of this segment is attributed to the benefits that welding robots provide in the automotive manufacturing process, such as cost-effectiveness, high efficiency, safety, speed and accuracy, which has led to the increased adoption of these welding robots. Moreover, the use of robots allows vehicle and component manufacturers to speed up production, reduce costs, improve quality, and ensure worker safety. In addition, this segment is set to register the highest compound annual growth rate during the forecast period.

Key questions answered in the report:

  • What are the high-growth market segments in terms of components, welding process, payload, end-use industry and country?

  • What is the historical market for the worldwide Automated Welding Market?

  • What are the market forecasts and estimates for the period 2022-2029?

  • What are the drivers, restraints, opportunities, challenges, and key trends in the global Automated Welding Market?

  • Who are the major players in the global Automated Welding market, and what are their market shares?

  • How is the competitive landscape?

  • What are the recent developments in the global Robotic Welding Market?

  • What are the various strategies adopted by the key players in the global Robotic Welding Market?

  • What are the geographical trends and high growth countries?

  • Who are the emerging local players in the global robotic welding market and how are they competing with it

For more information about this report visit https://www.researchandmarkets.com/r/2epzb4

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