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The Arc Welding Robots Market is estimated to grow at a CAGR of 4.4% between 2022 and 2027, and the size of the market is forecast to increase by USD 708.44 million. The growth of the market depends on several factors, the growing popularity of industrial robots in APAC, the growing need for automated welding processes and advances in welding robots, and the growing demand for automation in the manufacturing industries.
This report extensively covers market segmentation by product (consumable method and non-consumable method), application (automotive, electricals and electronics, aerospace and defense, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our analysis of the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.
Global Arc Welding Robots Market Customer Landscape
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The growing popularity of industrial robots in APAC is the key factor driving the global arc welding robots market growth. APAC has become a new frontier in the industrial robotics space. The region's economic boom paved the way for the development of the manufacturing sector. Industrial robots have taken on the role of new skilled workers, driven by their precision in performing functions such as welding, cutting, and assembly. Although China, South Korea, and Japan are the main countries in the region, the adoption of industrial robots is increasing rapidly in Singapore, Vietnam, and Malaysia. With the growing demand for industrial robots, APAC presents a great opportunity for robot manufacturers to increase their sales.
Over the years, APAC has established itself as one of the fastest-growing regions in the industrial robot market. Due to the precision that industrial robots bring, they serve as skilled workers. Countries like China, South Korea, and Japan have seen strong demand for welding robots. Other Asian countries such as India, Singapore, Vietnam, and Malaysia also saw an increase in demand for arc welding robots, supported by government initiatives to boost the manufacturing sector. For example, the Make in India initiative has attracted huge FDI in the manufacturing sector. The increase in manufacturing activities has boosted the demand for welding robots in India. Industrial growth in Asian countries like China, India, and Indonesia and their adoption of automation technology will play a key role in driving market growth during the forecast period.
The adoption of innovative business models will fuel the global arc welding robots market growth. Rental companies such as Hirebotics, Tokyo Century, and ORIX have entered the market. They analyze end-user system needs and devise a plan to deploy the robot, as well as assist with programming, maintenance, and repair. They help to install robots, peripherals, and production machines in a single unit to help end users with manufacturing tasks. End users can use the bot without learning any bot programming language with an initial monthly cost of USD 1,300 to USD 1,800, with no fixed asset allocation and no workaround offering. Rental companies cover the installation costs and provide rental robots with the latest technologies relevant to the target industries. For example, Robot Worx, a subsidiary of Scott, supplies refurbished robots from key suppliers such as ABB Ltd. and FANUC Corp. Robot rental will increase due to the inherent disadvantages of owning an arc welding robot, such as the high initial cost.
Moreover, without the participation of the rental company, the design, and implementation of industrial robots will be difficult. Businesses can get a tremendous return on investment (ROI) by hiring robotic automation and see an improvement in their bottom line. In 2022, the KR Cybertech nano ARC HW robot was designed for a 6 kg payload and can be installed on the floor or on the ceiling. Likewise, KUKA offers two versions of its modified robot to meet the whimsical requirements of the entry-level segment. One has a reach of up to 1,440 mm and another is 2010 mm. The Standard Version uses a 50mm hollow wrist with bearings on one side, while the Version robot has a hollow wrist with bearings on both sides, 46mm diameter, and 0.04mm repeatability. This eases ownership burdens, such as paying for expensive equipment and handling maintenance issues. As a result of these factors, the global arc welding market is expected to grow during the forecast period.
Operational challenges associated with welding robots can majorly impede the growth of the market. Automated welding systems are very convenient and offer a significant return on investment for repetitive tasks. The decision to automate the welding process depends on many factors, including the metal components and the degree of repeatability required. The use of welding robots for certain applications, such as those involving small batch sizes and large distances between parts, can affect the robot's performance and increase welding time. For example, if parts have tight access points, operator intervention can be significant. In addition, because the robot is programmed for specific tasks, the operator must handle the robotic MIG gun when handling small points of approach. Accessing these guns in confined spaces can increase the complexity of the welding process, ultimately extending the time it takes to weld parts. Welding small-sized products requires high-speed tool changes. In comparison, manual welding takes only half the time it takes to change tools with a robot.
Poor quality jigs and variations in metal forming can lead to inconsistent robotic welding. Therefore, the previous metal forming operation is performed with high precision to produce consistent metal ends. For mass production or repair work, robot programming time is relatively high. However, offline programming offers a remedy to reduce reprogramming effort and time. However, since teach pendants are currently the most widely used programming method, extended downtime is a major factor. Also, robotic welding is difficult in confined spaces such as internal tanks, hulls, and pressure vessels. This further restricts bot usage to certain segments of end users. Thus, during the forecast period, operational challenges related to welding robots will challenge the growth of the global arc welding robots market.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product launches, to enhance their presence in the market.
ABB Ltd.: The company offers arc welding robots such as IRB 1410, IRB 1520ID, IRB 1600, and IRB 1660ID.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The consumable method segment will contribute a major share of the market. The consumable method segment was valued at USD 1,941.00 million in 2017 and continued to grow until 2021.
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APAC is estimated to contribute 63% to the growth by during the forecast period. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The arc welding robot market in APAC is driven by factors such as government initiatives, growing demand for manufactured cars in the region, and the growing manufacturing sector strong. Automakers in countries like India and China are investing in automation solutions to improve productivity and reduce cycle times, giving them an edge over their competitors. painting. The growth of the aerospace and defense industries in the APAC region is due to an increase in passenger and cargo traffic by air, which has led to an increase in low-cost airlines in the region.
The maintenance, repair, and operations (MRO) market is also expected to grow in the region, with Singapore and Malaysia being the MRO hubs. The semiconductor industry in Asia-Pacific is mainly concentrated in China, Taiwan, Japan, and South Korea, but emerging markets such as Vietnam and Thailand are becoming increasingly important. The Chinese government has invested USD150 billion in developing the country's semiconductor industry by 2025. With the growing demand for smartphones and other electronic devices, the semiconductor industry is expected to experience strong growth, leading to an increased focus on automation and subsequent demand for arc welding robots in the electrical and electronics industry in Asia Pacific.
The 2020 COVID-19 pandemic outbreak has hit many countries in the region, including China, India, South Korea, and Japan. Many countries have announced nationwide lockdowns to prevent the disease from spreading throughout the region, leading to temporary shutdowns of automobiles, electronics, semiconductors, metalworking, aerospace, and other consumer industries. rice field. This has reduced the deployment of arc welding robots and hampered the potential growth of the APAC arc welding robot market in 2020. However, the start of vaccination campaigns and the resumption of operations in end-use industries stabilized the growth of the regional arc welding robot market in the first half of 2021. It is expected to spur the growth of the arc welding robot market in APAC during the forecast period.
The arc welding robots market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Arc Welding Robots Market Scope |
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Report Coverage |
Details |
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Page number |
176 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.4% |
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Market growth 2023-2027 |
USD 708.44 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.04 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 63% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., Arrowtek Robotic Pvt. Ltd., Carl Cloos Schweisstechnik GmbH, Daihen Corp., FANUC Corp., Hyundai Motor Co., igm Robotersysteme AG, Kawasaki Heavy Industries Ltd., Kemppi Oy, MIDEA Group, Miller Electric Manufacturing Co., NACHI FUJIKOSHI Corp., Panasonic Holdings Corp., Shanghai Genius Industrial Co. Ltd., SRDR Robotics, Staubli International AG, Stellantis NV, Teradyne Inc., The Lincoln Electric Co., and Yaskawa Electric Corp. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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