Robotic Welding Market, Size is US$ 16.2 Billion by 2034 with CAGR of 1.20%

Robotic welding market is projected to grow from US$ 7.2 Billion in 2024  to US$ 16.2 Billion by 2034. Growing implementation of industry 4.0 fourth industrial revolution which is trend of automation and robotics is a major factor that drives the robotic welding market. In addition, rising utilization of robotic welding in the electronics industry to eliminate distortion and discoloration while miniaturizing electronic components is expected to propel the robotic welding market.

The report "Robotic Welding Market, By Type (Arc Welding and Spot Welding), By Payload (Less than 50 Kg, 50–150 Kg, and More than 150 Kg), By End-User (Automotive and Transportation, Metal and Machinery, Electricals and Electronics, and Aerospace and Defense), and Region - Forecast to 2034"

Key Highlights:

• On June 2017, YASKAWA Electric Corporation launched Collaborative Robot MOTOMAN-HC10 A shift from robots that replace to humans to robots that work with humans.
• In May 2018, Mitsubishi Electric Corporation its affiliate company Tada Electric Co. developed new fiber-laser welding technology that cuts flying molten metal (spatter) by 95 percent or more.

Key Market Insights from the report:          

The robotic welding market accounted for US$ 16.2 Billion by 2034 and is projected to register a moderate CAGR of 1.20% over the forecast period. The market report has been segmented on the basis of type, payload, end-user, and region.

• By type, the spot welding segment is accounted for largest market share in the  robotic welding market. This is owing to rising demand for spot welding from automotive and transportation industry.
• By payload, the more than 150 kg segment is hold largest market share in the robotic welding market, due to increasing demand for vehicles across the globe.
• By end-user, the robotic welding market is divided into automotive and transportation, metal and machinery, electrical and electronics, and aerospace and defense.
• By region, the Asia Pacific robotic welding market is expected to dominate in terms of revenue in the robotic welding market over the forecast period. This can be attributed to increasing research and development activities to produce innovative robots that would improve time efficiency and productivity in countries such as India and China of the region.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Robotic Welding Market, By Type (Arc Welding and Spot Welding), By Payload (Less than 50 Kg, 50–150 Kg, and More than 150 Kg), By End-User (Automotive and Transportation, Metal and Machinery, Electricals and Electronics, and Aerospace and Defense), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2034

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The prominent player operating in the robotic welding market includes YASKAWA Electric Corporation, Fanuc Corporation, ABB Ltd, Panasonic Corporation, Kawasaki Heavy Industries, Ltd., Midea Investment Holding Co., Ltd., Mitsubishi Electric Corporation, Global Welding Technologies AG, and Denso Corporation.

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