Robotic Welding Market

The robotic welding market (with peripherals) size is projected to reach USD 11.7 billion by 2026 from an estimated USD 7.1 billion in 2021, at a CAGR of 10.5% from 2021 to 2026. The intensifying adoption of Industry 4.0 principles and the increasing adoption of welding robots in the automotive and transportation industries are among the factors driving the growth of the robotic welding market.

Robotic Welding companies include: 

• FANUC Corporation (Japan),
• YASKAWA Electric Corporation (Japan),
• KUKA AG (Germany),
• ABB (Switzerland),
• Kawasaki Heavy Industries, Ltd. (Japan),
• Panasonic Corporation (Japan),
• DAIHEN Corporation (Japan),
• NACHI-FUJIKOSHI CORP. (Japan),
• Comau S.p.A. (Italy),
• Hyundai Robotics (South Korea).

These players have adopted various growth strategies, such as product launches, expansions, partnerships, contracts, joint ventures, agreements, and acquisitions to retain their presence in the robotic welding market. Product launches has been the most dominating strategy adopted by the key players from January 2018 to December 2020 to help them strengthen their product portfolio and broaden their customer base.

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FANUC Corporation held the leading position in the robotic welding market. The company is one of the worldwide leaders in factory automation for CNC control systems, robots, and production machinery. The company held ~10–12% share of the robotic welding market in 2020. To strengthen its market position, the company is engaged in constant product launches, joint ventures, and expansions. It focuses on expanding the robotic welding product portfolio to cater to the demands of various industries.

YASKAWA Electric Corporation held the second position in the robotic welding market. The company is a well-established brand in the robotic welding market. YASKAWA Electric Corporation engineers, manufactures, and sells mechatronics products and also provides installation and maintenance services. A market leader, the company has expanded its reach globally, and is expected to capture a large share of the market in the near future. YASKAWA Electric Corporation offers a wide range of arc, spot, and laser welding robots to customers.

KUKA AG has secured third position in the robotic welding market. The company’s robotic welding market is spread throughout Germany. The company has positioned itself as a complete solution provider for welding robots. The company offers a comprehensive portfolio of welding robots, including arc welding robots, spot welding robots, controllers, and other peripherals. The company has a global presence and serves various industries, including automotive and transportation, metals and machinery, and electrical and electronics.

ABB has secured fourth position in the robotic welding market. The company is one of the leading manufacturers and providers of welding robots and services. The company targets different regions, which helps it to acquire a greater share of the market. Apart from this, a large customer base, wide geographic presence, and strong distribution network across diverse regions are the key strengths of the company. Welding robots offered by ABB can be used across a wide spectrum of verticals, including automotive and transportation, metal fabrication, foundries, plastics, chemicals, pharmaceuticals, and consumer electronics.

Kawasaki Heavy Industries, Ltd.,has secured fifth position in the robotic welding market. The company has a strong and broad portfolio of arc and spot welding robots. The company focuses on R&D activities and consistently develops new products ideal for Industry 4.0 applications. The Robotic welding solutions offered by the company are particularly designed to cater to application-specific requirements of different industries, such as Aerospace, Life Sciences, Automotive, Machinery, Electronics, Metal Manufacturing, Food & Beverage, Plastics & Rubber, Foundries, and Semiconductor.

Related Reports:

Robotic Welding Market with COVID-19 Impact Analysis by Type (Spot Welding Robots, Arc Welding Robots), Payload (>150 kilograms, 50-150 kilograms), End user (Automotive and Transportation, Electrical and Electronics), Geography - Global Forecast to 2026

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