The global robotic welding market size was valued at $5,450.5 million in 2018, and is projected to reach $10,784.4 million by 2026, growing at a CAGR of 8.7% from 2019 to 2026. Robot welding is a mechanized programmable robot, which automates the welding process by performing the handling part and welding operation simultaneously. The welding robots are widely used in the automotive industries for welding the parts and components of the interior as well as exterior automotive parts with less complexity. The welding robots are programmed with specific proximities that help them function properly. Moreover, welding robots are equipped with sensors and the controllers, which enables the application of welding uniformly.
The adoption of welding robots ensures increased productivity on welding lines. This has reduced intensive labor injuries, improved order fulfilment speed & accuracy, and increased uptime with reduced costs. Automotive, fabrication, and metal industries incorporate automated technology for welding to reduce cost, save time, and deliver better welding quality. This technology also enhances the efficient use of working space and improves the supply chain performance in end user industries.
Robotic systems assist to reduce the workload of employees, working in collaboration with them for higher efficiency. In addition, the need of welding robots eradicates the need of manpower, thereby ensuring operational excellence by performing repetitive tasks efficiently and effectively. However, high installation cost and the complex integration capabilities required for the initial setup of welding robots restrains the robotic welding market growth. The initial investment and maintenance cost of employing automated systems is high due to the integration of high-quality hardware with efficient software control system. The large amount of initial investments limits the use of robotic welding. The welding robots features installation of state-of-art technologies to perform welding operation. Therefore, initial cost of installation of the welding robot is significantly higher.
Furthermore, heavy investment in various industries for R&D activities on robotics technology has encouraged the use of new and advanced technologies for the development of welding robots. The welding robots can be customized to serve specific requirements, such as cloud-based operation and remote monitoring, along with effective physical stature for improved compatibility with human workforce by using innovative technologies. For instance, Made in China 2025 strategy, robotic revolution, and eight great technologies are few other examples of robotics associations.
The report segments the robotic welding market based on type of robots into spot welding, and arc welding. By end-user, the market is segmented into automotive & transportation, electrical & electronics, metals & machinery, and others. The robotic welding market is segmented based on payload include less than 50 kg, 50-150 kg, and more than150 kg.
The global robotic welding market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for highest share in terms of revenue in 2018 owing to the government initiatives such as Make in India and Made in China 2025. In addition, increase in adoption of automated systems in the automotive, and other sectors; improved & safe working conditions; and technological advancements foster the demand for welding robots in this region. China has witnessed rapid growth in the robotics industry. The country has been investing heavily and deploying 100,000 industrial robots in several industries, which is fueling the demand for welding robots.
COMPETITION ANALYSIS
The key market players profiled in the report of robotic welding market include ABB, Ltd., DAIHEN Corporation, Denso Corporation, Fanuc Corporation, Kawasaki Heavy Industries, Ltd., KUKA AG, Nachi-Fujikoshi Corp., Panasonic Corporation, Siasun Robot & Automation Co Ltd., and Yaskawa Electric Corporation.
The major players operating in the global robotic welding market have adopted key strategies such as product development to strengthen their market outreach and sustain the stiff competition in the market. For instance, in July 2017, Fanuc Corporation launched Arc Mate 100iD welding robot. It supports several intelligent functions such as built-in vision systems that include the Fanuc-developed iRVision system. Sensors and parts such as additional seam tracking sensors, cameras, and gripping devices are also compatible with the new robot. Similarly, in March 2019, it launched two new models:the M-20iD/25 handling robot, and the ARC Mate 120iD welding version, which delivers productivity improvements using its superior motion performance along with lower ownership costs.
KEY BENEFITS FOR STAKEHOLDERS
GLOBAL ROBOTIC WELDING MARKET SEGMENTS
By Type
By End-User
By Payload
By Region
Key Players
The adoption of welding robots ensures increased productivity on welding lines. This has reduced intensive labor injuries, improved order fulfilment speed & accuracy, and increased uptime with reduced costs. Automotive, fabrication, and metal industries incorporate automated technology for welding to reduce cost, save time, and deliver better welding quality. This technology also enhances the efficient use of working space and improves the supply chain performance in end user industries.
Robotic systems assist to reduce the workload of employees, working in collaboration with them for higher efficiency. In addition, the need of welding robots eradicates the need of manpower, thereby ensuring operational excellence by performing repetitive tasks efficiently and effectively. However, high installation cost and the complex integration capabilities required for the initial setup of welding robots restrains the robotic welding market growth. The initial investment and maintenance cost of employing automated systems is high due to the integration of high-quality hardware with efficient software control system. The large amount of initial investments limits the use of robotic welding. The welding robots features installation of state-of-art technologies to perform welding operation. Therefore, initial cost of installation of the welding robot is significantly higher.
Furthermore, heavy investment in various industries for R&D activities on robotics technology has encouraged the use of new and advanced technologies for the development of welding robots. The welding robots can be customized to serve specific requirements, such as cloud-based operation and remote monitoring, along with effective physical stature for improved compatibility with human workforce by using innovative technologies. For instance, Made in China 2025 strategy, robotic revolution, and eight great technologies are few other examples of robotics associations.
The report segments the robotic welding market based on type of robots into spot welding, and arc welding. By end-user, the market is segmented into automotive & transportation, electrical & electronics, metals & machinery, and others. The robotic welding market is segmented based on payload include less than 50 kg, 50-150 kg, and more than150 kg.
The global robotic welding market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for highest share in terms of revenue in 2018 owing to the government initiatives such as Make in India and Made in China 2025. In addition, increase in adoption of automated systems in the automotive, and other sectors; improved & safe working conditions; and technological advancements foster the demand for welding robots in this region. China has witnessed rapid growth in the robotics industry. The country has been investing heavily and deploying 100,000 industrial robots in several industries, which is fueling the demand for welding robots.
COMPETITION ANALYSIS
The key market players profiled in the report of robotic welding market include ABB, Ltd., DAIHEN Corporation, Denso Corporation, Fanuc Corporation, Kawasaki Heavy Industries, Ltd., KUKA AG, Nachi-Fujikoshi Corp., Panasonic Corporation, Siasun Robot & Automation Co Ltd., and Yaskawa Electric Corporation.
The major players operating in the global robotic welding market have adopted key strategies such as product development to strengthen their market outreach and sustain the stiff competition in the market. For instance, in July 2017, Fanuc Corporation launched Arc Mate 100iD welding robot. It supports several intelligent functions such as built-in vision systems that include the Fanuc-developed iRVision system. Sensors and parts such as additional seam tracking sensors, cameras, and gripping devices are also compatible with the new robot. Similarly, in March 2019, it launched two new models:the M-20iD/25 handling robot, and the ARC Mate 120iD welding version, which delivers productivity improvements using its superior motion performance along with lower ownership costs.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging robotic welding market trends and dynamics.
- In-depth robotic welding market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global robotic welding market forecast analysis from 2018 to 2026 is included in the report.
- Key market players operating in the global robotic welding market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the robotic welding industry.
GLOBAL ROBOTIC WELDING MARKET SEGMENTS
By Type
- Spot Welding
- Arc Welding
By End-User
- Automotive & Transportation
- Electrical & Electronics
- Metals & Machinery
- Others
By Payload
- Less than 50 kg
- 50-150 kg
- More than150 kg
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Players
- ABB, Ltd.
- DAIHEN Corporation
- Denso Corporation
- Fanuc Corporation
- Kawasaki Heavy Industries, Ltd
- KUKA AG
- Nachi-Fujikoshi Corp
- Panasonic Corporation
- Siasun Robot & Automation Co Ltd
- Yaskawa Electric Corporation
Frequently Asked Questions about the Global Robotic Welding Market
What is the estimated value of the Global Robotic Welding Market?
What is the growth rate of the Global Robotic Welding Market?
What is the forecasted size of the Global Robotic Welding Market?
Who are the key companies in the Global Robotic Welding Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 266 |
| Published | November 2019 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 5450.5 million |
| Forecasted Market Value ( USD | $ 10784.4 million |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Robotic Welding Market, By Type
Chapter 5: Robotic Welding Market, By End-User
Chapter 6: Robotic Welding Market, By Payload
Chapter 7: Robotic Welding Market, By Region
Chapter 8: Company Profiles
Executive Summary
According to the report titled, 'Robotic Welding Market by Type, End User, and Payload: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global robotic welding market size was valued at $5.4 billion in 2018, and is projected to reach $10.7 billion by 2026, growing at a CAGR of 8.7% from 2019 to 2026. Rapid growth in automation demand coupled with reduction of duties on refurbished goods in Asia-Pacific, fuel the robotic welding market growth. The key factor accelerating the robotics welding market is growing industrialization around the globe. Electronics is a key area for penetration of robotics welding and is witnessing growth at an increasing rate.The robotic welding market is expected to be driven by growth in adoption of welding robots in the automotive & metal industry, and increase in advancement in robotics technologies. Key market players in robotic welding market aim to explore new technologies and products to meet the increase in customer demands. Product launch and business expansion are expected to enable them to expand their product portfolios and penetrate into different regions. Emerging economies provide lucrative opportunities to market players for growth and expansion. For instance, in March 2017, Fanuc Corporation launched Arc Mate 100iD welding robot. It supports several intelligent functions such as built-in vision systems like the Fanuc-developed iRVision system. Sensors and parts such as additional seam tracking sensors, cameras, and gripping devices are also compatible with the new robot.
Asia-Pacific dominated the global market in 2018, in terms of revenue, accounting for around 58.2% share in the global robotic welding market, followed by Europe. Based on type, the spot welding is largest segment in 2018, owing to increase in its usage currently in the emerging automotive sectors.
Based on end user, the automotive & transportation segment accounted for the highest share in the overall global market in 2018. However, uncertain raw material prices are expected to restrain the growth of the market.
The major players such as Yaskawa Electric Corporation, Fanuc Corporation, and DAIHEN Corporation in the global robotic welding industry are focusing on developing new products to strengthen their presence in the market. Moreover, these companies expand their business to sustain the intense competition. For instance, in June 2019, Yaskawa Electric Corporation launched Universal Weldcom interface for arc welding. It enables easy control of any weld process or parameter, including voltage, amperage, and wire feed speed through a common user interface.
The key market players profiled in the robotic welding market report include ABB, Ltd., DAIHEN Corporation, Denso Corporation, Fanuc Corporation, Kawasaki Heavy Industries, Ltd., KUKA AG, Nachi-Fujikoshi Corp., Panasonic Corporation, Siasun Robot & Automation Co Ltd., and Yaskawa Electric Corporation.
Many players have adopted product development and expansion as its key developmental strategies to improve its product portfolio. For instance, in September 2017, KUKA AG announced its plan to invest more than $100 million for the expansion and modernization of its Augsburg headquarters. The new construction has a two-level production hall, a training center, an office tower, and a new parking garage.
Key Finding of The Robotic Welding Market:
The report provides an extensive analysis of the current and emerging robotic welding market trends and dynamics.
Depending on type, the spot-welding segment dominated the market, in terms of revenue in 2018 and the arc welding segment is projected to grow at a CAGR 9.2% during the forecast period.
By end-user, the automotive and transportation segment led the robotic welding market in 2018.
Asia-Pacific is projected to register the highest growth rate in the coming years.
Key market players within the robotic welding market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the robotic welding industry.
The report provides an extensive analysis of the robotic welding market trends and emerging opportunities of market.
In-depth robotic welding market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.
The global robotic welding market forecast analysis from 2018 to 2026 is included in the report.
Companies Mentioned
- ABB Ltd.
- DAIHEN Corporation
- Denso Corporation
- Fanuc Corporation
- Kawasaki Heavy Industries Ltd.
- KUKA AG
- Nachi-Fujikoshi Corp.
- Panasonic Corporation
- Siasun Robot & Automation Co Ltd.
- Yaskawa Electric Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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