Robotic Welding Market Size & Share | Global Report by 2021, 28

Robotic Welding Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Spot Welding, Arc Welding, and Others), Payload (Less than 50 kg, 50-150 kg, and More than 150 kg), and End User (Automotive and Transportation, Electrical and Electronics, Metal and Machinery, and Construction)

Publication Month : Jan 2022

  • Report Code : TIPRE00008449
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 155
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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.

Automation has stirred the industrial sector by drastically changing the way of production and reducing the manufacturing time and production cost, owing to which robotic welding market players are shifting toward networked and intelligent production of Industry 4.0-compatible robots. For instance, in July 2020, ABB India opened a new robotics facility to offer benefits of Industry 4.0 such as digitalization technologies and industry-leading robotics to Indian industries across automotive & transportation and electrical & electronics sectors. Additionally, players in the robotic welding market take various strategic initiatives toward advanced Industry 4.0-ready solutions. For instance, in October 2020, Fujitsu, FANUC Corporation, and NTT Communications established DUCNET Co., Ltd. to offer a cloud service for supporting digital transformation (DX) in the machine tool industry and the broader manufacturing industry. However, the rise in need for automation across industries, coupled with significant technological growth, is expected to fuel the robotic welding market growth.

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Robotic Welding Market: Strategic Insights

robotic-welding-market
Market Size Value inUS$ 4,397.73 million in 2021
Market Size Value byUS$ 11,316.45 million by 2028
Growth rateCAGR of 14.5% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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- Robotic Welding Market

Impact of COVID-19 Pandemic on Robotic Welding Market

According to the Electronic Components Industry Association, the COVID-19 outbreak has delayed and disrupted the supply chain, product releases, integration and service program, events, and other related industry activities. Several electronics manufacturers, including welding robotics manufacturers, had to temporarily halt their manufacturing units due to containment measures and limited components and raw materials availability. Further, the manufacturers of various electronic and semiconductor products had witnessed delays in stipulated timelines, which has negatively affected the supply chain of the robotic welding market in 2020. Moreover, despite a decline in revenue among end users, the deployment of industrial robotics grew by 0.5% to 383,545 units in 2020, especially by nonautomotive end users such as electronics and metal and machinery. Meanwhile, the robotic supply chain started to stabilize in late Q3 of 2020, and robotics manufacturers witnessed stronger sales recovery from 2021.

Lucrative Regions for Robotic Welding Market Growth

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Market Insights – Robotic Welding Market

The increasing demand for cars worldwide puts pressure on the transportation industry and automotive sector to raise production. More production will require investing in machinery, such as robotic welding arms, that increases the speed and accuracy of the vehicle-building process. Hence, the growth of automotive industry is contributed through increasing vehicle demand in emerging economies and increasing emphasis of governments to propel EV is driving the adoption of robotics welding, thereby contributing to the growth of robotic welding market size. For instance, in December 2021, the US government announced to phase out gas-powered vehicles by 2035. European Union and China have an ambitious target to be carbon neutral by 2050. In 2017, the Indian Government announced to sell only EVs from 2030.

Furthermore, the increasing strategic initiatives by the robotic welding market players in the automotive industry will drive the demand for robotic welding. For instance, in 2018, ABB acquired AB Rotech, a privately owned company experienced in robotic welding solutions and services for the automotive industry.

Type - Based Insights

Based on type, the robotic welding market share is segmented into spot welding, arc welding, and others. The spot welding segment led the robotic welding market share in 2021. Spot welding is a resistance welding process that uses a large electrical current to join two or more metal sheets in a single location. Spot welding technology has evolved through its extensive use in automobile manufacturing using articulated robots. It is among the earliest welding procedures used in several applications. It is employed in many businesses and has been widely used in welding sheet steel automobile bodies. Robots for the spot welding application have a high payload and are relatively less expensive than other robots. Moreover, the increasing product development by market players will drive the market as spot welding continues to be a major application area in automotive and robot manufacturers. For instance, Yaskawa Motowan actively collaborates with automotive OEMs to develop innovative robots to improve the overall body shop productivity.

The robotic welding market is divided into type, payload, end-user, and geography. Based on type, the robotic welding market is sub segmented into spot welding, arc welding, and others. Based on payload, the robotic welding market is segmented into 50 kg, 50 kg–150 kg, and more than 150 kg. Based on end-user, the robotic welding market is segmented into automotive and transportation, electrical and electronics, metal and machinery, and construction. Geographically, the robotic welding market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. ABB; FANUC; IGM ROBOTERSYSTEME AG; Kawasaki Heavy Industries, Ltd; KUKA AG; NACHI-FUJIKOSHI CORP; OTC DAIHEN Inc.; Panasonic Corporation; Novarc Technologies; and Yaskawa America, Inc. are among the key players that are profiled during the study of robotic welding market.

Players operating in the robotic welding market are mainly focused on the development of advanced and efficient products.

  • In 2021, Otc Daihen introduced cutting-edge robotic and manual welding solutions such as robotic welders, power sources, teach pendants, cobot welders, and manual welders.
  • In 2021, ABB acquired ASTI for US$ 190 million to expand its autonomous mobile robots (AMR) business.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Payload, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are the opportunities for the growth of robotic welding market?

Governments in Asia Pacific have committed to using a WGA to implement Industry 4.0 and the overall digital transformation of society, although the degree and process of WGA vary across countries. The 2020s will be pivotal for Asia Pacific countries in the digital society journey. During this decade, the growing emphasis on intelligent connectivity means that digital technologies will play many crucial roles in enhancing societies and economies. This period also coincides with the COVID-19 pandemic, which will in part be defined by the accelerated shift to digital platforms for work and social activities, and the realization of the fourth industrial revolution (also known as Industry 4.0). The growth of the welding robots market can be attributed to several government initiatives such as Make in India and Made in China 2025 strategy, and robotic revolution. In addition, an increase in the adoption of automated systems in automotive and other sectors, improved and safe working conditions, and technological advancements foster the demand for welding robots in this region

Which type led robotic welding market?

The spot welding segment led the robotic welding market with a market share of 61.6% in 2020. It is expected to account for 56.9% of the total market in 2028.

Who are the top players of the robotic welding market?

ABB, Yaskawa, Denso, FANUC and KUKA are the five key market players operating in the global robotic welding market. We have derived this listing of Key Five Players in the global robotic welding market by giving weightage to the following key parameters: overall revenue, segmental revenue, brand image & industry experience, current geotechnical construction services portfolio, customer base, geographical reach, partnerships, mergers & acquisitions, and other market-related activities.

Which country dominated the APAC robotic welding market?

China dominated the APAC robotic welding market in 2020. China is the leading robotic technology adopter across the globe. In 2020, according to International Federation of Robotics (IFR), China has more than 9,00,000 industrial robots operational. China is one of the largest manufacturing countries across the globe. The country homes some of the major automotive manufacturers such as SAIC Motor, Dongfeng Motor Corporation, FAW, and Changan amongst others. It also has presence of several major luxury car manufacturers, such as Mercedes-Benz, Audi, and BMW. According to China.org.cn, the country automotive market enters a new phase of its development, which is the 2.0 era and is set to create opportunities for auto manufacturers. Moreover, the government of China introduced an initiative named made in China 2025 which is further driving the manufacturing sector of the country. The major manufacturing industries across China include machinery manufacturing, automotive and steel amongst others.

Which region led robotic welding market in 2020?

Presently, APAC held the largest share of the global robotic welding market. APAC is a global hub for the manufacturing and export of technologically advanced consumer goods including cellular phones, laptops & computers, radio sets & sound systems, televisions & television sets, and other critical electronic equipment, as well as small and large household appliances. Several government bodies across the region are increasing promoting the manufacturing industries through increasing foreign direct investments (FDIs), tax-rebates, subsides and other fund allocations to attract new regional production set-ups. These rising investment across several manufacturing sectors like electronics, and machineries amongst others is also expected to propel the demand for robotic welding market.

Which factor is driving the growth of the robotic welding market?

Increasing adoption of welding robots in the automotive industry and Industrial 4.0 to drive demand for industrial robots are amongst the key enables accountable to drive the growth of the robotic welding market.

The List of Companies - Robotic Welding Market

  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

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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