IMARC Group's report titled “Robotic Welding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global robotic welding market size reached US$ 6.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.

Robotic welding, also referred to as automated welding, represents a process that utilizes mechanized programmable tools to heat, blend, and cool metal materials, thereby fusing them together. Its aim is to enhance weld integrity and ensure consistent results while reducing human errors, fatigue, and distractions that can lead to defects. Robotic welding enables more accurate and precise welding, resulting in fewer scrap metals and waste compared to manual welding. In addition to this, it performs various processes with fewer manpower requirements, eliminating the need to hire additional staff for production. As a result, robotic welding finds widespread applications across several sectors, such as automotive, electronics, aerospace, defense, construction, and mining.

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Robotic Welding Market Trends and Drivers:

The extensive utilization of this process across the globe, as it reduces labor-intensive injuries, improves order fulfillment speed and accuracy, and increases uptime while lowering costs, is among the primary factors driving the robotic welding market. Besides this, the escalating demand for this method to optimize workspace utilization and enhance supply chain performance in end-user industries is further augmenting the market growth. Moreover, the increasing customization of robotic welding to meet various requirements, such as cloud-based operations, remote monitoring, and improved compatibility with human workers, is also catalyzing the global market. Apart from this, the inflating investments by the leading players in research and development (R&D) initiatives to improve the functionalities and benefits offered by this process are acting as significant growth-inducing factors. Additionally, this method requires minimal hard tooling, as it is reprogrammable, which is also stimulating the market growth. Furthermore, the elevating requirement for this technique in the automotive industry for resistance spot and arc applications in high-production activities is expected to bolster the robotic welding market in the coming years.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Leather Footwear
• Waterproof Footwear
• Rubber Footwear
• Plastic Footwear

Breakup by Product:

• Shoes
• Boots

Breakup by Distribution Channel:

• Offline
• Online

Breakup by Application:

• Construction 
• Manufacturing
• Mining
• Oil and Gas
• Chemical
• Pharmaceuticals 
• Transportation 
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

·          ABB Ltd., Comau (Stellantis N.V.)

·          DAIHEN Corporation

·          FANUC Corporation

·          Hyundai Robotics Co. Ltd. (Hyundai Heavy Industries Group)

·          Kawasaki Heavy Industries Ltd.

·          KUKA AG

·          Nachi-Fujikoshi Corp.

·          Panasonic Corporation

·          Siasun Robot & Automation Co. Ltd.

·          Yaskawa Electric Corporation

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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