The global robotic welding market could boom by 2027

Technology
robotic welding market

The global robotic welding market is expected to register significant growth over the forecast period owing to the massive adoption of industry 4.0. Industry 4.0 or the 4th industrial revolution refers to the trend of data exchange and the automation trend in manufacturing technologies such as the Internet of things, cyber-physical systems, cognitive, and cloud computing. In addition, an escalating necessity for scalability in industries engaged in a manufacturing process in developing countries to meet the increasing demand for various products is also expected to drive demand for robotic welding which in turn is expected to drive growth of the global market over the forecast period. Robotic welding improves the accuracy and efficiency of the production process and can be used to perform tasks that are repetitive in nature. In addition, robotic welding can be used to avoid accidents in factories and can be used where human presence is impossible or dangerous. All these aforementioned factors can augment growth of robotic welding market in the years to come.

The global robotic welding market is expected to register significant growth over the forecast period Robotic welding is the process whereby welding is done with the help of automated programmable tools such as robots. Mechanism of robotic welding is mostly used for arc welding and resistance spot welding in industries, especially in automotive production.

The Robotic Welding Market is segmented into Type, End-user and regions. On the basis of Type, the global market is segmented into Arc Welding and Spot Welding. The Arc Welding segment accounts for highest revenue share and is expected to witness significant growth during the forecast period.

On the basis of End-user, the global market is segmented into Automotive & Transportation, Metal & Machinery, Electricals & Electronics, Aerospace & Defense. The Metal & Machinery segment is expected to account for highest market share in the global market and is expected to witness highest growth in terms of revenue during the forecast period.

On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.

Key players in the global market include ABB Ltd., KUKA AG, FANUC Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd., Nachi-Fujikoshi Corp, Carl Cloos Schweisstechnik GmBh, IGM Robotic Systems, DAIHEN Corporation., Denso Corporation.