Robotic Welding Industry New Business Opportunities & Investment Research Repor

Posted by Manik on February 17th, 2020

Robotic Welding Market: Summary

The Global Robotic Welding Market is estimated to reach USD 8.1 Billion by 2027 at a CAGR of 8.5%, observes forencis research (FSR).

Welding is a process where two or more parts are joined together using heat or pressure or both. Robotic welding is performing welding using programmed automated tools such as robots. Using robots to perform welding is the most common usage of robots in the industries. The major advantage of using robotic welding is that it helps in producing high quality output in lesser time compared to conventional methods. Moreover, robotic welding helps manufacturers to save capital on direct labour and safety precautions.

Robotic Welding Market: Drivers & Challenges

Market Drivers:

Increasing Adoption for Industry 4.0

Digitalisation of the processes in the industries and internet solutions being implemented is the beginning of fourth phase of industrial development, which is known as Industry 4.0. The industries across the globe are experiencing this transformation. Advanced solutions such as robotics automation, artificial intelligence, and cloud-based solutions are few among the others, which are transforming functioning of the industries.

Thus, increasing adoption of industry 4.0 may contribute in the growth of the robotic welding market, during the forecast period.

 Market Challenges:

Lack of Cybersecurity

Robotic systems, which are used in factories and warehouses are connected to internet, creating possibilities of cyberattacks. This issue is very significant as the usage of robots is increasing rapidly in industries worldwide. It was estimated by International Federation of Robotics (IFR), that deployment of 2.6 million industrial robots would be completed by 2019 across the globe. Manufacturers incorporating robots in the factories for activities such as material handling and welding need to take precautions for security of the data, which can be collected, by the robots connected to internet. Basic precautions like password protection, two-factor authentication, encryption and biometric authentication may help the manufacturers.

Thus, lack of cybersecurity which may be a challenging factor for the growth of the robotic welding market, during the forecast period.

 Robotic Welding Market: Key Segments

•          Based on type segmentation comprises of: Arc Welding, Spot Welding and
•          Based on payload capacity segmentation comprises of: Below 25kg, 25kg to 50kg, and Above 50kg.
•          Based on end user segmentation comprises of: Automotive, Electricals and Electronics, Aerospace and Defence and
•          Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, and Middle East & Africa, with individual country-level analysis.

Key Companies Covered

•          Fanuc Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
•          Yaskawa Electric Corp.
•          ABB Ltd.
•          Kawasaki Heavy Industries Ltd
•          Nachi-Fujikoshi Corp.
•          DENSO Corporation
•          KUKA AG
•          Mitsubishi Electric Corporation
•          Panasonic Corporation
•          DENSO Corporation
•          Other Key Companies

 Robotic Welding Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Robotic Welding Market, by Type

•          Arc Welding
•          Spot Welding
•          Others

Robotic Welding Market, by Payload Capacity

•          Below 25kg
•          25kg to 50kg
•          Above 50kg

Robotic Welding Market, by End User

•          Automotive
•          Electricals and Electronics
•          Aerospace and Defence
•          Others

Robotic Welding Market, by Region

Asia-Pacific

•          China
•          India
•          Japan
•          South Korea
•          Australia
•          Rest of Asia-Pacific

North America

•          US
•          Canada
•          Mexico

Europe

•          Germany
•          France
•          Italy
•          UK
•          The Netherlands
•          Rest of Europe

Middle East and Africa

•          Saudi Arabia
•          UAE
•          Rest of Middle East & Africa

South America

•          Brazil
•          Argentina
•          Rest of South America

 About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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