Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.84 Billion | USD 31.14 Billion | 10.2% | 2024 |
The global welding robotics market size was worth around USD 10.84 Billion in 2024 and is predicted to grow to around USD 31.14 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 10.2% between 2025 and 2034. The report analyzes the global welding robotics market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the welding robotics industry.
Welding robotics automates the process of welding for increasing accuracy, thereby improving accuracy and safety along with reducing the time required for completing each project. All these advantages make the welding robotic process the most popular alternative for manual metal joining. In addition to this, the rise in the use of welding has enhanced the output of welding lines and resulted in severe workplace collisions. For the record, welding robotics is widely utilized in metal, electronics, automotive, aerospace, and fabrication applications, thereby reducing costs and saving the processing time of manufacturing operations.
An increase in the adoption of Industry 4.0 technologies has prompted the global market demand
The rise in the acceptance of Industry 4.0 principles has resulted in demand for welding robots in the transport and automotive sectors, thereby steering the growth of the welding robotics market across the globe. For instance, in the second half of 2020, ABB India declared the opening of a new robotics unit for supporting the digital transformation of manufacturing processes in India by using Industry 4.0 concepts that include the use of robotics and online systems. Breakthroughs in the automation systems as well as automated processes have paved the way for humungous expansion of the market across the globe. In addition to this, growing costs of labor along with the need for the safety of workers have translated into massive use of welding robots in a slew of manufacturing processes. New product launches have shaped the growth of every business and welding robotics is no exception to this. For instance, Kemppi Oy, a Finland-based welding firm, launched Kemppi AX MIG Welder, a strong robotic welder having seamless integration and an easy-to-use tool along with upgraded welding systems.
The need for huge funding for purchasing welding robots can hinder global industry growth by 2030
The requirement of huge initial investments for procuring, maintaining, and programming welding robots can put brakes on the expansion of the welding robotics industry globally. In addition to this, low acceptance of welding robots by small & medium-scale firms can further put brakes on global industry trends.
Huge adoption of welding robots in transport & shipbuilding sectors will open new facets of growth for the global market by 2030
The evolution of new technologies such as plasma welding and laser will increase the scope of opportunities for the welding robotics market across the globe. Massive demand for welding robots in shipbuilding and transport sectors will further scoop up the global industry trends.
Less access to experts can prove to be a big challenge for the global industry in the near future
Low availability of skilled workforce can prove to be a challenging task for operating welded robots, thereby curtailing the welding robotics industry demand globally. Perceived resistance to using robots among workers and protests by them against their use due to fear of losing jobs can further create a huge challenge for global industry expansion.
The global welding robotics market is sectored into type, payload capacity, end-user, and region.
In type terms, the global welding robotics market is segregated into spot, laser, arc, MIG/TIG, and others segments. Furthermore, the arc segment, which garnered nearly half of the global market share in 2022, is predicted to record the fastest CAGR in the ensuing years. The growth of the segment in the upcoming years can be owing to the large-scale penetration of arc welding in the automotive and other end-use industries that require precision.
Based on payload capacity, the global welding robotics industry is bifurcated into low (6kg-22kg), medium (30kg-60kg), and high (80kg-300kg) segments. Moreover, the medium (30kg-60kg) segment, which contributed remarkably towards the global industry revenue in 2022, is set to dominate the global industry surge over the assessment timeline. The segmental expansion over the estimated timeline can be owing to a rise in the use of medium (30kg-60kg) payload capacity in automotive and other end-use sectors during extreme climatic conditions.
Based on the end-user, the global welding robotics market is divided into automotive, electrical & electronics, construction, aerospace & defense, railway & shipbuilding, mining, and others segments. Moreover, the automotive segment, which accumulated a huge share of the global market in 2022, is anticipated to lead the global market expansion over the projected timeline. The segmental growth over the estimated timeline can be subject to massive demand for welding robots in automotive production activities. The need for quick assembling of automotive components and spot welding has increased the demand for welding robots in the automotive segment.
Report Attributes | Report Details |
---|---|
Report Name | Welding Robotics Market |
Market Size in 2024 | USD 10.84 Billion |
Market Forecast in 2034 | USD 31.14 Billion |
Growth Rate | CAGR of 10.2% |
Number of Pages | 231 |
Key Companies Covered | Fanuc Corporation, IGM ROBOTERSYSTEME AG, Kuka AG, Yaskawa Electric Corporation, Estun Automation Co. Ltd., UNITED PROARC CORPORATION, EVS TECH CO. LTD., Daihen Corporation, Kawasaki Heavy Industries Ltd., Panasonic Corporation, NACHI-FUJIKOSHI CORP., ABB Ltd., and others., and others. |
Segments Covered | By Type, By Payload Capacity, By End-user Industry, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific is projected to retain its global market leadership over the estimated timeframe
Asia-Pacific, which accounted for 65% of the global welding robotics market revenue in 2022, will be the dominating region over the assessment timeline. Moreover, the regional market growth can be credited to surging industrial automation in Japan, South Korea, China, and Taiwan. Moreover, the use of Industry 4.0 techniques will augment the expansion of the market in the region. Additionally, the presence of key players in the region will account majorly towards the regional market growth in the upcoming years.
North American welding robotics industry is set to register the fastest CAGR in the next couple of years subject to a rise in the allocation of funds on research activities related to automated processes and automated devices such as industrial robots in countries such as the U.S.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the welding robotics market on a global and regional basis.
The global welding robotics market profiles key players such as:
By Type
By End-User
By Payload Capacity
FrequentlyAsked Questions
Welding robotics automates the process of welding for increasing accuracy, thereby improving accuracy and safety along with reducing the time required for completing each project.
The global welding robotics market is expected to grow due to Rising demand for precision, productivity, and automation in manufacturing drives adoption. Automotive and metal fabrication industries significantly fuel growth.
According to a study, the global welding robotics market size was worth around USD 10.84 Billion in 2024 and is expected to reach USD 31.14 Billion by 2034.
The global welding robotics market is expected to grow at a CAGR of 10.2% during the forecast period.
Asia-Pacific is expected to dominate the welding robotics market over the forecast period.
The global welding robotics market is led by players such as Fanuc Corporation, IGM ROBOTERSYSTEME AG, Kuka AG, Yaskawa Electric Corporation, Estun Automation Co., Ltd., UNITED PROARC CORPORATION, EVS TECH CO., LTD., Daihen Corporation, Kawasaki Heavy Industries, Ltd., Panasonic Corporation, NACHI-FUJIKOSHI CORP., and ABB Ltd.
The welding robotics market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed