May 26, 2022   SOURCE: BusinessWire

Global Robotic Welding Markets, 2021-2022 & 2028 - Emergence of Laser And Plasma Welding Technologies & Industrial 4.0 to Drive Demand for Industrial Robots - ResearchAndMarkets.com

The "Robotic Welding Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Payload, and End User" report has been added to ResearchAndMarkets.com's offering.

The robotic welding market was valued at US$ 4,397.73 million in 2021 and is projected to reach US$ 11,316.45 million by 2028; it is estimated to register a CAGR of 14.5% from 2021 to 2028.

Laser welding technology offers high welding speeds, reduces rework, provides high reliability, ensures increased weld quality, and offers high precision in producing medium- and large-batch sizes of output products at a low unit cost. When welding projects require accuracy for a high volume of parts, laser welding is the preferred metal joining method.

Small parts, such as jewelry or medical components, often use laser welding. This technology allows narrow welds that require minimal changes to the welded items. It can also be used in high-volume applications that require increased accuracy in automotive & transportation, electrical and electronics, and aerospace & defense industries.

Plasma welding offers the most significant degree of flexibility because the operator can easily change the speed of gas passing through the nozzle and the temperature. Plasma welding technology can be used in automotive & transportation and electrical & electronics industries, wherein flexibility is essential as velocity and temperatures can be easily adjusted.

Thus, the emergence of laser and plasma welding processes is expected to create lucrative growth opportunities for welding robot manufacturers in the market during the forecast period.

In 2020, APAC accounted for the largest share in the global robotic welding market. APAC is a global hub for the manufacturing and export of technologically advanced consumer goods, including cellular phones, laptops & computers, radio sets & sound systems, televisions & television sets, and other critical electronic equipment and small and large household appliances.

Several government bodies across the region are increasingly promoting the manufacturing industries through increasing foreign direct investments (FDIs), tax-rebates, subsides, and other fund allocations to attract new regional production set-ups.

Some of the major initiatives across the region are Made in China 2025 and Make in India by the respective government bodies. Rising investments across manufacturing sectors such as electronics and machinery are expected to propel the demand for robotic welding during the forecast period.

The key players operating in the global robotic welding market profiled in the market study include ABB; FANUC; IGM ROBOTERSYSTEME AG; Kawasaki Heavy Industries, Ltd; KUKA AG; NACHI-FUJIKOSHI CORP; OTC DAIHEN Inc.; Panasonic Corporation; Novarc Technologies; and Yaskawa America, Inc.

Key Topics Covered:

1. Introduction

1.1 Study Scope

1.2 Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Robotic Welding Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Robotic Welding Market - Key Industry Dynamics

5.1 Market Drivers

5.1.1 Industrial 4.0 to Drive Demand for Industrial Robots

5.1.2 Increasing Adoption of Welding Robots in the Automotive Industry

5.2 Market Restraints

5.2.1 High Initial Costs Associated with The Installation of Welding Robots

5.3 Market Opportunities

5.3.1 Government Initiatives to Support Digital Transformation In APAC

5.4 Future Trends

5.4.1 The Emergence of Laser And Plasma Welding Technologies

5.5 Impact Analysis of Drivers and Restraints

6. Robotic Welding Market - Global Analysis

6.1 Robotic Welding Market Overview

6.2 Robotic Welding Market Revenue and Forecast to 2028 (US$ Million)

6.3 Market Positioning - Five Key Players

7. Robotic Welding Market Analysis - by Type

7.1 Overview

7.2 Robotic Welding Market Breakdown, by Type, 2020 and 2028

7.3 Spot Welding

7.4 Arc Welding

8. Robotic Welding Market Analysis - by Payload

8.1 Overview

8.2 Robotic Welding Market, by Payload (2020 and 2028)

8.3 Less than 50kg

8.4 50kg-150kg

8.5 Above 150kg

9. Robotic Welding Market Analysis - by End-User

9.1 Overview

9.2 Robotic Welding Market, by End-User (2020 and 2028)

9.3 Automotive and Transportation

9.4 Electrical and Electronics

9.5 Metal and Machinery

9.6 Construction

10. Robotic Welding Market - Geographic Analysis

11. Impact of COVID-19 Pandemic

11.1 Impact of COVID-19 Pandemic on Global Welding Robotic Market

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

13. Company Profiles

  • Panasonic Corporation
  • Yaskawa Electric Corporation
  • ABB
  • Fanuc Corporation
  • IGM Robotersysteme
  • Kawasaki Heavy Industries, Ltd.
  • Kuka Ag
  • Nachi Fujikoshi Corp
  • Novarc Technology
  • OTC Daihen

For more information about this report visit https://www.researchandmarkets.com/r/t13o2q