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2019

Robotic Welding Market

Robotic Welding Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, End User and Payload : Global Opportunity Analysis and Industry Forecast, 2019-2026

CM : Residential Construction and Improvement

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Author's: Amar Chinchane | Sonia Mutreja
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Robotic Welding Market Statistics - 2026

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 Welding Market

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.

Robotic Welding Market
By Lifting Height
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Arc Welding segment is projected to grow at a significant CAGR

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.

Robotic Welding Market
By End-user
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Automotive & Transportation segment holds dominant position in 2018

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.

Robotic Welding Market
By Region
2026
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2018, and is expected to grow at a highest rate during the forecast period.

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 Robotic Welding Market:

  • 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.

Robotic Welding Key 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

Robotic Welding Market Report Highlights

Aspects Details
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By Type
  • Spot Welding
  • Arc Welding
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By End-user
  • Automotive & Transportation
  • Electrical & Electronics
  • Metals & Machinery
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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By Payload
  • Less than 50 kg
  • 50-150 kg
  • More than150 kg
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Key Market Players

Panasonic Corporation, KUKA AG, Siasun Robot & Automation Co Ltd, ABB, Ltd., DAIHEN Corporation, Fanuc Corporation, Nachi-Fujikoshi Corp, Kawasaki Heavy Industries, Ltd, Yaskawa Electric Corporation, DENSO WAVE INCORPORATED (DENSO CORPORATION)

Analyst Review

Rise in demand for automation has revolutionized the adoption of robotics technology. The global market is expected to witness a boost owing to the advent of advance robotics technologies. Moreover, untapped potential in emerging economies is expected to provide significant opportunities for growth and expansion. Major players are developing affordable, compact, and energy-efficient robotics solutions to reach out to a wider customer base. The automotive and transportation industries dominated the robotics welding market in 2018 and metals & machinery industries are estimated to maintain their dominance throughout the forecast period.

However, the demand from industries such as field, logistics, and construction is on the rise and newer applications are being explored with customized robotics solutions. Application of service robots in the automotive sector is anticipated to prove to be lucrative areas for investments. Vendors are developing specialized solutions for small- and medium-sized businesses to meet their specific business requirements.

The market is expected to be driven by rise in demand for automation and scarcity of skilled labor. Leading players aim to explore new technologies and applications to meet the growing demands of customers. Collaborations and acquisitions are expected to enable them to enhance their product portfolios and expand into different geographies.

Among the analyzed regions, Asia-Pacific is expected to account for the CAGR revenue in the global market throughout the forecast period.

Author Name(s) : Amar Chinchane | Sonia Mutreja

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Robotic Welding Market

Global Opportunity Analysis and Industry Forecast, 2019-2026