Robotic Welding Market report: Statistics and facts available in the latest report

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.

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Analysis of the Top Market Players:

1. Panasonic Corporation
2. Yaskawa Electric Corporation
3. ABB
4. Fanuc Corporation
5. IGM ROBOTERSYSTEME
6. Kawasaki Heavy Industries, Ltd.
7. Kuka AG
8. NACHI FUJIKOSHI CORP
9. NOVARC TECHNOLOGY
10. OTC DAIHEN

In this report, the market has been segmented on the basis of:

Type (Spot Welding, Arc Welding, and Others)
Payload (Less than 50 kg, 50-150 kg, and More than 150 kg)
End User (Automotive and Transportation, Electrical and Electronics, Metal and Machinery, and Construction)

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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.

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This release was published on openPR.