Robotic Welding Market to Progress with 7.35% CAGR during 2022-2028

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Robotic Welding Market to Progress with 7.35
CAGR during 2022-2028
Triton Market Research presents the Global
Robotic Welding Market report segmented by
Welding Type (Spot, Arc MIG, TIG, Laser,
Plasma, Other Welding Types), by Payload Capacity
(Less Than 50 KG, 50 KG To 150 KG, More Than 150
KG), by Industry Vertical (Metals Machinery,
Electrical Electronics, Automotive
Transportation, Other Industry Verticals), by
Geographical Region (Europe, North America,
Asia-Pacific, Middle East and Africa, Latin
America), discussing Market Summary, Industry
Outlook, Market Drivers, Market Challenges,
Market Opportunities, Competitive Landscape,
Research Methodology Scope, and Global Market
Size, Forecast, Analysis (2022-2028). According
to the study by Triton Market Research, the
Global Robotic Welding Market is likely to
develop with a CAGR of 7.35 during the forecast
years from 2022 to 2028.
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The popularity of welding robots is on the rise
in several end-user industries due to their high
efficiency. For arc welding operations, these
robots show 75 efficiency compared to human
workers, which has significantly bolstered their
demand. In addition, welding robots are capable
of working for longer periods, thus providing a
major advantage to welding companies. Owing to
the aforementioned factors, the global market for
robotic welding is expected to witness notable
growth in the coming years. Welding robots are
generally programmed using hi-tech technologies
that aid in their efficient functioning. As a
result, high costs are incurred for installing
and maintaining them, which is likely to impede
market growth. The Asia-Pacific leads the global
market, and accounted for the largest revenue
share in 2021. The region is a global hub for
manufacturing and exporting technologically
advanced consumer goods, such as smartphones,
laptops, tablets, computers, television sets,
radio sets sound systems, household appliances,
and other electronic equipment. Besides,
initiatives such as Made in China 2025 and
Made in India by the government authorities of
the respective nations have provided a further
boost to their manufacturing sectors. The rising
investments in the manufacturing sector, for
electronics and machinery, among others, are
boosting the adoption of welding robots across
the Asia-Pacific. Kemppi Oy, Yaskawa Electric
Corp, Panasonic Corporation, Nachi-Fujikoshi
Corp, Hyundai Motor, Kawasaki Heavy Industries
Ltd, Lincoln Electric Holdings Inc, ABB Ltd,
Miller Electric Mfg LLC, FANUC Corporation,
Daihen Corporation, Denso Corporation, Siasun
Robot Automation Co Ltd, Kuka AG, and IGM
Robotersysteme AG are some of the notable players
in the robotic welding market. The threat of
substitution in this market is low, as the
technology used is unique and necessary for all
kinds of manufacturing activities in terms of
metals and plastics used. In addition, the threat
of new entrants is also moderate in the industry.
This is because the initial investment required
is moderate and the legal barriers for
manufacturing welding robots are also low. Also,
several governments have implemented policies
offering loans and subsidies to new entrants,
which also encourages aspiring players to set
foot in the market. Contact Us
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