Global Robotic Welding Market to 2028: Preference for Robotic Systems Due to Their High Efficiency Drives Growth

DUBLIN, March 30, 2023 /PRNewswire/ -- The "Global Robotic Welding Market 2022-2028" report has been added to  ResearchAndMarkets.com's offering.

This report states that the global market for robotic welding would exhibit growth at a CAGR of 7.35% in the evaluated phase 2022-2028.

The increased preference for robots to carry out welding owing to their high efficiency is the key factor driving the studied market's growth. Additionally, the implementation of industry 4.0 for quality improvement, productivity & flexibility, and improvement in working speeds is expected to raise the adoption of robotic welding systems, thus benefiting the welding robot market growth.

However, a major challenge in the path of growth is the high initial costs required for installing automated robots. On the other hand, the increased R&D activities for the development of mind-controlled welding robots and the growth in the transportation & automotive sectors are expected to create growth opportunities for the robotic welding market.

North America, the Asia-Pacific, the Middle East and Africa, Latin America, and Europe are the regions considered in the report on the global robotic welding market.

The Asia-Pacific is expected to observe the fastest growth rate in the global market over the forecast period. The presence of a robust automotive industry, as well as an increase in passenger cars & commercial vehicle manufacturing, have aided the demand for robotic welding systems in the region.

Whereas, North America is the leading region in the global market, accounting for the largest share in 2021. A majority of the fortune 500 manufacturing companies have their presence in this region. As a result, the adoption of automation, including robotic welding systems across the manufacturing sector here, is significantly high.

Competitive Outlook

ABB Ltd is one of the leading global companies providing power and automation technologies. It offers a range of products, solutions, systems, and services to enhance productivity, increase power reliability, and improve energy efficiency. The company holds a dominant position in various end-user markets, serving electric, gas, and water utilities, as well as commercial and industrial customers.

IRB 1410 and IRB 4600 are two of ABB's key robotic welding products. It is one of the leading power and automation engineering companies globally, with operations in around 100 countries across the Asia-Pacific, Europe, the Middle East and Africa, and North America, and Latin America. ABB Ltd focuses extensively in research and development to maintain a competitive edge.

Market Dynamics

Drivers

• Implementation of Industry 4.0
• Preference for Robotic Systems Due to Their High Efficiency

Challenges

• Higher Initial Cost for the Installation of Welding Robots

Opportunities

• R&D for the Development of Mind-Controlled Welding Robots
• Growth in the Transportation & Automotive Sectors

Companies Mentioned

• Abb Ltd
• Fanuc Corporation
• Yaskawa Electric Corp
• Kuka AG
• Daihen Corporation
• Denso Corporation
• Nachi-Fujikoshi Corp
• Panasonic Corporation
• Hyundai Motor
• Siasun Robot & Automation Co Ltd
• Kemppi Oy
• Igm Robotersysteme AG
• Lincoln Electric Holdings Inc
• Miller Electric Mfg LLC
• Kawasaki Heavy Industries Ltd

For more information about this report visit https://www.researchandmarkets.com/r/pofav5

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SOURCE Research and Markets