The latest research study “Robotic Welding Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global robotic welding market reached a value of US$ 6.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.1 Billion by 2027, exhibiting a CAGR of 8.40% during 2022-2027.
Robotic welding or automated welding is a procedure of merging two materials together using mechanized programmable instruments that mix, cool and heat metal materials. It ensures that weld integrity is improved with persistent results for fast quality welds while diminishing human errors, distractions and fatigue. It also aids in more accurate and precise welding, consequently leading to fewer scarp metals and wastes with robotic welding as compared to manual welding. This is executes various welding procedures with less manpower and without the need for employing additional staffing for production. As a result, it is extensively used in aerospace, electronics, automotive, construction, defense and mining industries worldwide.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Robotic Welding Market Trends and Drivers:
One of the primary factors driving the market is the diminished intensive labor injuries, enhanced order fulfillment and increased uptime with lower costs. Additionally, the surging demand for robotic welding to improve the efficient usage of working space and enhance the supply chain performance in end user industries. It also needs minimum hard tooling as they are reprogrammable.
Besides this, the increasing customization of robotic welding for various needs, such as remote monitoring and cloud-based operations, is catalyzing the market growth. Furthermore, the effectual physical stature for enhanced capability with the human workforce and the rising application of robotic welding in the automotive industry for resistance spot welding and spot arc welding in high production applications is propelling the market growth.
Moreover, the extensive investment in the research and development (R&D) activities to refine the functions and benefits offered by robotic welding are creating a positive market outlook.
|Robotic Welding Market Report Scope|
|Market size value in 2021||US$ 6.08 Billion|
|Market forecast in 2027||US$ 10.1 Billion|
|Growth Rate||CAGR of 8.40% from 2022 to 2027|
|Base year for estimation||2021|
Global Robotic Welding Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Binderholz GmbH, Dongwha Enterprise, EGGER Group, Evergreen Fibreboard Berhad, Georgia-Pacific LLC (Koch Industries Inc.), Green River Holding Co. Ltd., Kastamonu Entegre, Louisiana-Pacific Corporation, Sonae Arauco, Starbank Panel Products Ltd., West Fraser Timber Co. Ltd. and Weyerhaeuser Company.
The report has segmented the market on the basis of region, type, payload and end user.
Breakup by Type:
- Spot Welding
- Arc Welding
Breakup by Payload:
- Less than 50 Kg
- 50-150 Kg
- More than 150 Kg
Market Breakup by End User:
- Automotive and Transportation
- Electrical and Electronics
- Metals and Machinery
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.