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The global robotic welding market size was USD 4.66 billion in 2019 and is projected to reach USD 8.31 billion by 2027, exhibiting a CAGR of 7.6% during the forecast period.
Robotic welding is an automated process of adopting mechanized programmable tools to handle and weld the equipment across a range of industries.
With the enhancement of the technology, it has been observed that the industries are making consistent efforts to minimize the manual operations in manufacturing by replacing it with advanced robotic technology and further automating the processes. Nowadays, industrial robots are becoming an essential component across several industrial sectors such as automobiles, construction, oil & gas, etc. Additionally, the adoption of robotic technology has resulted in giving outstanding outputs in terms of surface finish and dimensional accuracy across the industry. As a result, these machines market sales are increasing owing to the implicit efforts of the manufacturers and their investments and research and development activities across the welding process.
The level of solving complications and the refinement in operations by robotic systems are of optimum level. They adjust to real-time variations across weld situations efficiently that leads to less risk of human injuries while handling extreme welding processes. Therefore, the growing adoption of robotic welding systems is drive the growth across the manufacturing industries. Besides competitive unit cost, these systems bring other benefits such as safety, weld characteristics, flexibility, enhanced productivity, workspace utilization, and economized labor costs.
Immediate Shutdowns of Industrial Plants amid COVID-19 to Restrain Growth for Short Period.
The immediate lockdown in various countries had a drastic impact on the supply chain and operations of several industries. According to secondary sources, with the pandemic continuing for a considerable period across countries including India, France, Spain, U.K., U.S., etc., the manufacturing facilities could resume operations slowly. This could be done by following social distancing norms and guidelines imposed by the government across the respective countries.
The market is expected to experience a moderate impact of the shutdown. This is mainly due to the absence of the workforce across the manufacturing plants, wherein the industrial robots prove to be the vital support for the manufacturers. Post-recovery period of COVID 19, the demand for welding robot is expected to propel significantly, as the major players such as Yaskawa, Kuka, ABB, and FANUC are majorly focusing on mass production.
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Adoption of Industry 4.0 to Lay Foundation for the Welding Evolutions
Robotic manufacturers are constantly emphasizing advanced software interfaces with every new welding method that generates the need for innovation. The adoption of industry 4.0 is one such method that has revolutionized these processes. It is revolutionizing the manufacturing process by setting the trend of data exchange and automation to meet the increasing demand for welding operations across automotive, mining, construction, railway & shipbuilding industries.
Robot welding with the adoption of Industry 4.0 improves the accuracy and efficiency of the production process in a repetitive nature. Manufacturers are increasing the scalability of the production facility. For instance, in July 2020, ABB India announced the opening of a new robotics facility to offer benefits of industry 4.0, such as digitalization technologies and industry-leading robotics to Indian industries across the automotive, electronics, and other upcoming sectors. These factors are laying the foundation for the growth of the market.
Utilization of Automated Welding Equipment to Favor Market Growth
The robotic welding market is growing with the effect of technological advancements in automation technology. It is the enhanced version of automated welding that adopts robotic technology to enable a higher level of the process. The major advantage of automating the industry is the reduction in production time. Welding equipment such as nozzle cleaning stations, wire cutters, retaining heads, and liners, besides manufacturing execution and machine communication software, takes the process to a superior level of productivity. Additionally, this is expected to reduce safety challenges and the cost of labor safety. Hence, the increasing demand for automation is expected to contribute to the growth of the market trend during the forecast period.
High Initial Investment and Major Safety Issues to Hinder Market Growth
High investment is required at the initial stage for procurement, programming, and maintenance. New entrants and SMEs find it difficult to capitalize on high funds owing to low-volume production. Additionally, the industry has been facing a major issue of occupational injuries that occur during work in various manufacturing and welding sites. This injury is caused due to the excessive exposure of the human body to the current emissions that exceed physiological tolerance. However, with the implementation of robotics technology, manufacturers are trying to create more innovative welding tasks and overcome the failures in obtaining performing workers.
Arc Type Segment Is Anticipated to Have the Highest Revenue During the Forecast Period
Within the by type segment, arc welding is anticipated to hold a dominant position in the market revenue. This is mainly owing to the demand for arc type across the automotive and other industries, which needs welding of high accuracy and repeatability. Additionally, this type has been widely used due to its low cost, convenience, and extensive applicability.
Spot welding is anticipated to grow at the highest CAGR for the welding robot market. This is attributable to the high accessibility and ability for robot automation as compared to other welding methods that make it an ideal choice for automotive production.
Automotive Industry is anticipated to be dominant in the market
The automotive industry is projected to hold the highest market share in 2019, owing to the growth of automobile manufacturing. It has been observed that the automotive industry prefers to embrace advanced welding technology in order to make the best use of high tensile strength steel for a robust assembling process. Spot welding is anticipated to influence the growth of these machines in the automotive industry.
The growing construction of commercial and residential buildings is expected to drive the construction segment during the forecast period. Also, government support for the development of infrastructure in developing countries is uplifting the demand of autonomous.
Asia Pacific Robotic Welding Market Size, 2019 (USD Billion)
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Asia Pacific is projected to emerge as the dominant region in the market across the range of industries. The growth is attributed to the rising industrial automation and manufacturing industry, mainly in Japan, China, and India. Additionally, the use of Industry 4.0 welding techniques is supplementing the growth of the welding robotics market potential. Moreover, the presence of the established companies across China is the primary reason for Asia Pacific to dominate the market size. The presence of local registered and unregistered welding manufacturers in China is expected to bode well for the growth of the market in the region.
China is Expected to Witness High Demand for Welding Robots for Arc Welding
The demand for the market has been growing across the electrical & electronics, automotive, shipbuilding, and automotive transportation sector in China for the past few years. Arc welding is the common practice incorporated across the manufacturing plants across China. Moreover, the growing fabrication centres for manufacturing automotive, electrical and electronic components etc. is also influencing the growth of the segment. As a result, the penetration of robotic welding systems is growing across the country.
North America is expected to hold the second position and showcase significant growth in the market. This is ascribable to factors such as the presence of prominent players across the U.S. These players are emphasizing on making massive investments in adopting the advanced and automated welding rather than manually welding processes.
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Europe is projected to witness steady growth during the forecast period. The developed countries such as Germany, Spain, and the U.K. are contributing to the market growth in the region. Italy and France are significantly adopting automated welding, which would be a key driver for the market growth in the region.
The Middle East and Africa region is expected to experience moderate growth in the market owing to the technological expansion and development of the welding industry in recent years.
Market Players like Yaskawa, Kuka, ABB, and FANUC to Focus on R&D Activities for Product Development
Driven by growing competitive prices and industry demand, welding robots have been subject to new product offerings from the prominent robot manufacturers, which are leading to the adoption of automation technology in industrial welding more effectively than ever. The companies catering to the market share are emphasizing developing advanced technologies that can reduce human efforts and increase productivity.
Key players such as Yaskawa, Kuka, ABB, and FANUC are focusing on improving the programming skills of their welders to gain expertise in handling advanced software controls. This, in a way, will aid in the retention of their jobs. Additionally, these players are also focussing on introducing new technologies in order to develop new welding machines and systems.
An Infographic Representation of Robotic Welding Market
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This report provides an elaborative analysis of the global robotic welding market dynamics and competitive landscape. Various key insights presented in the report are price trend analysis, recent developments in the market, including mergers & acquisitions, regulatory scenarios across key countries, macro and microeconomic factors, SWOT analysis, competitive landscape and company profiles.
Value (USD Billion)
Type, Payload Capacity, Industry, Geography
By Payload Capacity
Fortune Business Insights says that the market stood at USD 4.66 billion in 2019.
By 2027, the market is expected to reach USD 8.31 billion.
Growing at a CAGR of 7.6%, the market will exhibit robust growth during the forecast period (2020-2027).
Asia Pacific stood at USD 1.64 billion in 2019.
Within the type segment, arc type is expected to be the leading segment in the market.
Adoption of automated welding is expected to drive the growth of the market.
Yaskawa, Kuka, ABB, and Fanuc are the top players in the market.
The automotive industry is expected to drive the market owing to the growing manufacturing of vehicles across the major countries.
Spot type is anticipated to spur the market growth.
The major restraint of the welding industry is the occupational injuries taking place at the manufacturing sites and welding sites to the welders due to the consistent exposure to the current emissions.
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