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The arc welding robots market size is forecast to increase by USD 739 million at a CAGR of 4.41% between 2023 and 2028. The market's expansion hinges on various factors. Among these are the increasing adoption of industrial robots in the Asia-Pacific (APAC) region, driven by their efficiency and versatility. Additionally, there's a rising requirement for automated welding processes, spurred by advancements in welding robots that offer enhanced precision and productivity. Moreover, the manufacturing sector's growing reliance on automation to streamline operations and boost output is a significant contributor to market growth. These trends underscore the industry's shift towards automation and the integration of robotic solutions, indicating a broader paradigm shift towards more efficient and technologically advanced manufacturing practices. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecasts market scenario.
Market Forecast 2024-2028
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The Market is experiencing significant growth in the Automotive and Transportation sector due to the increasing demand for High-quality welds with Consistency, High speeds, and Higher production rates. IIoT, Cyber-physical systems, Cloud robotics, and Cloud computing are transforming the manufacturing industry, enabling the integration of Sensors, Vision systems, and Controls in welding processes. Metal inert gas (MIG) and Tungsten inert gas (TIG) welding robots are increasingly being adopted for Welding metal components in the Automotive manufacture industry. Rapid industrialization and the need for Zero Down Time have made Automation a priority, leading to the widespread use of these robots. Big data analysis is used to optimize welding processes, ensuring Performance and Accuracy, while Repeatability is ensured through the use of advanced controls. The market is expected to continue growing due to the increasing demand for efficient and high-performance manufacturing solutions. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The growing popularity of industrial robots in APAC is the key factor driving the global market growth. In the APAC region, the industrial robotics market, particularly welding robots, has experienced significant growth due to the economic boom and increasing industrialization. IIoT, cyber-physical systems, and cloud robotics are transforming traditional manufacturing processes, leading to the adoption of advanced welding technologies such as laser, plasma, arc, spot, and MIG (Metal Inert Gas), TIG (Tungsten Inert Gas). These technologies are increasingly being utilized in automotive and transportation manufacturing, construction, and general metal fabrication.
Moreover, the integration of automation, sensors, vision systems, controls, and industrial automation systems has led to zero down time and increased efficiency in welding applications. Skilled workers are no longer required for repetitive operations, reducing labor costs and improving safety in hazardous situations. The market for welding robots is expected to grow further due to the increasing demand for automation and the high initial investment required for industrial robot installations.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 market growth. In the industrial landscape, the adoption of welding robots has gained significant traction among various sectors, including automotive and transportation. IIoT and cyber-physical systems have paved the way for cloud robotics and cloud computing, enabling the integration of big data and advanced technologies in welding processes. Arc welding, laser welding, plasma welding, spot welding, and other metal fabrication techniques have been revolutionized through the use of industrial automation and industrial robotic systems.
Moreover, welding robots have become indispensable in industries where zero down time is crucial, such as automotive manufacture, construction, and general metal fabrication. These systems offer numerous benefits, including automation, reduced labor costs, and enhanced precision. They are particularly useful in hazardous situations and repetitive operations, ensuring the safety and efficiency of manufacturing processes. 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. In the realm of industrial automation, welding robots have emerged as a pivotal solution for enhancing manufacturing efficiency and productivity, particularly in sectors such as automotive and transportation. The integration of Internet of Things (IoT), cyber-physical systems, cloud robotics, and cloud computing in welding processes has led to the adoption of advanced technologies like Arc welding, Laser welding, Plasma welding, and Spot welding. These technologies offer Zero Down Time automation, enabling continuous production and reducing labor costs.
However, the decision to invest in welding robots is contingent upon several factors. The nature of metal components and the level of repeatability required are crucial considerations. For instance, in applications involving small batch sizes and considerable gaps between metal components, the performance of welding robots may be impacted, leading to extended welding durations. In such cases, human intervention may be necessary to manipulate robotic MIG guns for accessing narrow spaces. Thus, during the forecast period, operational challenges related to welding robots will challenge the growth of the global market during the forecast period.
The consumable method segment will contribute a major share of the market. The Market encompasses the automation of welding processes in various industries, including Automotive and transportation. Welding robots, a key component of Industrial automation and Industrial robotic systems, leverage advanced technologies such as IIoT, Cyber-physical systems, Cloud robotics, and Cloud computing to enhance productivity and efficiency. Big data analysis and Zero Down Time are crucial aspects of these systems, enabling real-time monitoring and predictive maintenance. Automotive manufacture, construction, and general metal fabrication are primary sectors adopting welding robots for manufacturing metal components.
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The consumable method segment was valued at USD 1.99 billion in 2018 and continued to grow until 2022. These industries benefit from the high-quality welds produced by Arc welding, Laser welding technology, and Plasma welding technology. Welding applications include Spot welding, which is prevalent in automotive manufacture due to its ability to join dissimilar metals with minimal distortion. Welding processes, such as Metal inert gas (MIG) and Tungsten inert gas (TIG), are employed in these robotic systems. Sensors, vision systems, controls, and automation are integral components, ensuring precise and consistent welds. Hazardous situations and repetitive operations are effectively addressed through the use of welding robots, reducing the need for skilled workers and lowering labor costs. Hence, such factors are fuelling the growth of the segment which in turn drives the market growth during the forecast period.
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APAC is estimated to contribute 64% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. They have witnessed significant growth in various industries due to the benefits they offer, including high-quality welds, consistency, high speeds, and higher production rates. Standard bots are widely used in emerging economies, where rapid industrialization is driving the demand for it. These robots' performance and accuracy are crucial for industries such as aerospace and shipbuilding, where safety concerns are paramount. A specialized study on the market reveals that the market's segmentation includes supply side and end-user industries. The end-user industries include automotive, aerospace, shipbuilding, and others. Hence, such factors are driving the market in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service 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 companies, including:
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 Co. Ltd., 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.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market is experiencing significant growth due to the increasing adoption of automation in various industries. These robots are utilized for welding applications in sectors such as automotive, manufacturing, and construction. The use of it offers advantages like improved productivity, consistency, and precision. Additionally, the integration of advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) is enhancing the capabilities of these robots. Furthermore, the growing trend towards Industry 4.0 and smart manufacturing is driving the demand it. The market is expected to continue its growth trajectory in the coming years, with key players focusing on innovation and product development to cater to the evolving needs of customers. The market is segmented based on application, end-use industry, and region.
Market Scope |
|
Report Coverage |
Details |
Page number |
179 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.41% |
Market growth 2024-2028 |
USD 739 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.16 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 64% |
Key countries |
China, Japan, US, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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 Co. Ltd., 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. |
Market dynamics |
Parent market analysis, market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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