Robotic Welding Market to Expand Rapidly; Increasing Applications in Oil & Gas and Automobile Sectors to Fuel Market Growth

The global robotic welding market size is projected to experience remarkable growth by reaching USD 9.76 billion by 2028. Fortune Business Insights™, in its report titled "Robotic Welding Market Size, Share & COVID-19 Impact Analysis, By Type (Arc, Spot, MIG/TIG, Laser, Others), By Payload Capacity (Low (6-22 kg), Medium (30-60 kg), High (80-300kg)) By Industry (Automotive, Aerospace & Defense, Construction, Mining, Railway & Shipbuilding, Electrical & Electronics, Others) and Regional Forecast, 2021-2028" observes that the market size will grow from USD 5.42 billion in 2020 to USD 5.80 billion in 2021 and is projected to exhibit a CAGR of 7.7% during 2021 and 2028. Increasing applications in the oil & gas, construction, and automobile sectors and rising demand for reliable and accurate welding methods are likely to facilitate the growth of the market. 

Lincoln Electric Holdings, Inc. Acquires Zeman Group’s Zeman Bauelemente to Enhance Brand Value

Lincoln Electric Holdings Inc. completed the acquisition of Zeman Group's Bauelemente in April 2021. The company is a manufacturer of robotic assembly and arc welding system for the automation of welding and steel beam tracking. Its welding systems are sold under the identity of Beam Assembler (SBA) and are designed for serving consumers in the infrastructure sector and structural sector. This acquisition is anticipated to boost Lincoln Electronics' annual sales and enable the company to expand its global automation capabilities. In addition, the acquisition may help the company to enhance its market position globally. 

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Increased Adoption of Automated Welding Equipment to Boost Market Growth

Several industries are rapidly utilizing automated welding systems to meet deadlines and boost production capacity. The incorporation of automation reduces time consumption and improves accuracy. The incorporation of robotics improves precision and reduces hiccups caused by manual labor. It improves speed and enables manufacturers to meet their deadlines. Robotic welding equipment improves productivity and enhances the quality of products. The emergence of several industries and the adoption of automation are likely to fuel demand. Further, the incorporation of artificial intelligence and machine learning is expected to improve operational efficiency. These factors are likely to drive the robotic welding market growth. 

Prominent Companies Invest in Development of Automated Services to Boost Brand Image

The prominent companies operating in the market invest heavily in the development of automated welding solutions for the incorporation of advanced technologies. For example, Path Robotics, a U.S.-based company raised over USD 56.0 million for the development of AI-powered welding expansions in May 2021. The company is a pioneer in the development of automated welding and has developed several autonomous solutions. This investment may enable companies to boost their brand image. In addition, the adoption of research and development may enable companies to develop effective solutions to improve their product quality and boost market position. 

Industry Development

• September 2020: SEO JIN Industrial opted for KUKA AG for the delivery of approximately 185 robots from the KR QUANTEC series for the adoption in handling and welding tasks in Korea. The company shall use the robots for the manufacturing of car components for Hyundai and Kia. 

Key Players Profiled in this Market

• FANUC Corporation (Japan)


• Kuka AG (Germany)


• Kemppi Oy (Finland)


• Yaskawa America (United States)


• ABB (Switzerland)


• Panasonic Corporation (Japan)


• OTC DAIHEN Inc. (U.S.)


• DENSO CORPORATION (Japan)


• Kawasaki Heavy Industries, Ltd. (Japan)


• The Lincoln Electric Company (U.S.)


• Miller Electric Mfg. LLC (U.S.)


• IGM ROBOTERSYSTEME AG (Austria)


• Abhisha Technocrats Pvt. Ltd. (Maharashtra, India)


• Acieta LLC (U.S.)


• EWM AG (Mündersbach, Germany)


• Carl Cloos Schweisstechnik GmbH (Haiger, Germany)


• SIASUN CO., LTD. (China)


• SMENCO (Australia)

Further Report Findings-

• The market in Asia-Pacific stood at USD 1.90 billion in 2020 and is projected to gain the largest portion of the global robotic welding market share. The progress of the manufacturing industry and increasing industrial automation is likely to boost robotic welding's adoption. 


• Moreover, the adoption of industrial 4.0 improving technologies and the emergence of several manufacturing facilities are expected to bolster market progress. For example, OLA chose ABB as one of its partners in February 2021 for the opening of its Scooter's mega factory in India. Additionally, the presence of several established companies in China is likely to propel market development. 


• According to type, the arc welding segment is expected to dominate the market because of the rising demand for arc type from several industries. Further, the accuracy, convenience, and low costs regarding advanced joining techniques are likely to fuel industry growth.

Table of Segmentation-