Robotic Welding Market Size, Share, Growth Report 2030

Robotic Welding Market: Industry Perspective

According to the report published by Zion Market Research, global demand for the Robotic Welding market was valued at approximately USD 4.28 Billion in 2019 and is expected to generate revenue of around USD 8.52 Billion by end of 2026, growing at a CAGR of around 9% between 2020 and 2026.

Global Robotic Welding Market: Overview

Robotic welding is the mechanism by which welding is conducted using computer programmable devices such as robots. The robotic welding process is primarily used for spot welding as well as arc welding in industries, in particular in the automotive industry. Implementation of the industry 4.0 revolution is a key factor to drive the growth of the robotic welding market.

Global Robotic Welding Market: Growth Factors

Huge acceptance of industry 4.0 revolutions, along with the rising need for scalability in production units in developed economies to satisfy the growing demand for different goods are major factors driving the growth of the global market. However, high capital investment for small manufacturing units especially for the units in developed countries is a major factor that may restrain the growth of the target industry in the near future. In addition to this stringent government regulations, lack of expertise, and issues related to security are major factors to hamper the growth of the global market in the near future. Nevertheless, technological advancements and the use of collaborative robots may create huge growth opportunities in the future.

Global Robotic Welding Market: Segmentation

The robotic welding market is segmented based on type, payload, and end user. Based on type the market is divided into arc welding and spot welding. The spot welding segment is projected to grow at a significant rate over the forecast period, due to its numerous advantages including cycle times are fast, efficient utilization of space, and simple operation processes. By payload, the global market is segregated as a middleware provider, infrastructure and protocols provider, and application and solution provider. On the basis of application, the global market is divided into automotive & transportation, metal & machinery, electrical & electronics, and aerospace & defense.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Robotic Welding Market: Regional Analysis

The Asia Pacific robotic welding market is projected to hold a significant share globally in the future, owing to the presence of major players, and increasing acceptance of automation by the countries of Asia Pacific. Further, increasing research & development activities are expected to fuel the growth of the market in the Asia Pacific. The Europe robotic welding market is anticipated to grow at a rapid rate in the years ahead. This is due to growth in industries in the countries of the region.

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Global Robotic Welding Market: Competitive Players

Some main participants in the robotic welding market are Kuka, Fanuc, Yaskawa, Panasonic Corporation, ABB Group, and Kawasaki among others. Major players in the global market are focusing on strengthening their position in the target industry by applying various business strategies.

Robotic Welding Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa