Global Industrial Welding Robots Market 2019-2023
The global industrial welding robots market size will grow by over USD 3.5 billion during 2019-2023. This report provides a detailed analysis of the market based on segmentation by product (spot welding robots, arc welding robots, and laser welding robots), end-users (automotive, electrical and electronics, heavy machinery, and others), and geography (the Americas, APAC, and EMEA). This report also analyzes the market’s competitive landscape and offers information on several industrial welding robot manufacturers including ABB, FANUC, Kawasaki Heavy Industries, Midea Group (KUKA), and YASKAWA ELECTRIC.
Global industrial welding robots industry overview
Industrial manufacturers are increasingly adopting automation in welding processes to improve welding process efficiency, increase productivity, enhance welding quality, and reduce scrap. Manufacturers also gain advantages over their competitors by using welding robots in their manufacturing processes. Robots can produce high-quality welds consistently at high speeds. The production, planning and implementation of these robots can also be optimized by virtual testing of the robot’s programming.
The demand for industrial welding robots is set to increase with advancements in welding guns and software and increasing potential of robots to weld quality steel, aluminum, and other metal sheets. The demand for precise welding is also increasing in the electronics industry to eliminate distortion and discoloration while miniaturizing electronic components. With the introduction of cobots (collaborative robots) for welding applications, the demand for welding robots will grow further. Thus, the growing need for automated welding process and advances in welding robots is identified as a major factor driving industrial welding robots market growth at a CAGR of almost 8% during the forecast period.
Top industrial welding robot companies covered in this market research report
The global industrial welding robots market is fairly fragmented and with the market being in its growth phase, the competition among companies is intense. To help clients improve their revenue shares in this market, this research report provides an analysis of the market’s competitive landscape and contains information on the products offered by various leading companies. Additionally, this industrial welding robots market analysis report suggests strategies companies can adopt and recommends key areas they should focus on, in order to make the most of the upcoming growth opportunities.
The report offers a detailed analysis of several leading companies including:
- Kawasaki Heavy Industries
- Midea Group (KUKA)
- YASKAWA ELECTRIC
Industrial welding robots market segmentation based on product
- Spot welding robots
- Arc welding robots
- Laser welding robots
The spot welding robots segment will account for the highest industrial welding robots market share because of the rapid technical advances in terms of flexibility in installation, energy efficient robots, improvement in spot welding guns, and multi-robot welding cells. The report also provides an accurate prediction of the contribution of various segments to the growth of the industrial welding robots market size.
Industrial welding robots market segmentation based on geographic region
APAC will account for the highest growth of the industrial welding robots market throughout the forecast period. Government initiatives, increasing demand and manufacturing of automobiles, and a strong manufacturing sector in the APAC will drive industrial welding robots market growth in this region.
Key highlights of the global industrial welding robots market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the industrial welding robots market during the next five years
- Precise estimation of the global industrial welding robots market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial welding robots industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of industrial welding robots companies