Arc Welding Robots Market Size, Share, Growth, and Industry Analysis, By Type (Non-Consumable Electrode Arc Welding Robots, Consumable Electrode Arc Welding Robots), By Distribution (Metal Industry, Automotive Industry, Shipbuilding Industry, Construction, Others), Regional Insights and Forecast to 2032

Updated On: 22 April 2024

ARC WELDING ROBOTS MARKET REPORT OVERVIEW

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global arc welding robots market size was USD 3836.2 million in 2022 and market is projected to touch USD 5411.37 million by 2032 at CAGR 3.5% during the forecast period.

The term "arc welding robotics" describes the application of robotic systems to arc welding operations. It entails the incorporation of robotic technology into welding apparatuses to facilitate precise and automated welding procedures. Compared to manual welding techniques, this technology has a number of benefits, such as higher productivity, better accuracy and quality, increased worker safety, and lower labor expenses.

The emergence of new emerging sectors has led to an increase in the deployment of arc-wielding robots in numerous countries. Robots that do arc welding are growing in popularity, particularly among significant players in the manufacturing sector. The welding robots have a number of advantages, and as novel designs and innovations are created, the arc welding robots market growth is anticipated to expand.

COVID-19 Impact: Firms Collaboration with Various Businesses to Proliferate Market Share

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Due to the temporary suspension of all operations, the pandemic caused chaos for all major industries. The worst-hit industries were manufacturing, automobile and transportation, aerospace and defense, and the losses experienced by companies as a result of brief shutdowns had an impact on production capacity and discouraged future investment.

With time, new regulations requiring social separation and operating with fewer employees resurrected the use of robotics in the workplace. To implement innovative, practical, and reasonably priced solutions, the majority of the major firms skillfully collaborated with other businesses or expedited their research and development endeavors which benefitted the market.

LATEST TRENDS

"Spending on Research and Development to Stimulate Market Development"

The market for robotics used in arc welding has a promising future. Key companies in the industry are spending in R&D to improve their product offerings, and the market is expanding steadily. Better performance and efficiency are being achieved by arc welding robots that incorporate cutting-edge sensors, optical systems, and control algorithms. Additionally, it is anticipated that the market would develop even more as a result of the widespread use of industrial-grade Internet of Things (also known as IIoT) technology and the execution of Industry initiatives.

ARC WELDING ROBOTS MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into non-consumable electrode arc welding robots, consumable electrode arc welding robots.

Non-Consumable Electrode Arc Welding Robots: This approach is particularly helpful for melting thin materials and produces high-quality welds with a stable arc, but it can only be used at relatively slow rates and requires a significant amount of operator experience.

Consumable Electrode Arc Welding Robots: Consumable electrodes and welding rods function just as their name suggests. This implies that the filler electrodes melt and become consumed while bridging the space between the main metal and the additional metal part during the welding process.

• By Application

Based on application the global market can be categorized into metal industry, automotive industry, shipbuilding industry, construction, others.

Metal Industry: Arc welding robots are used in the metals and machines industry's manufacturing process to guarantee quality and boost output.

Automotive Industry: These robots are used in the transportation and automotive sectors to weld vehicle parts, which boosts productivity.

Shipbuilding Industry: Resistance welding, gas metal arc welding, and shielded metal arc welding, which are carried out using electrodes for welding or welding rods. Panels, grillages, tanks units, and other items are fabricated using shielded metal arc welding.

Construction: Arc welding robots are used in the metals and machines industry's manufacturing process to guarantee quality and boost output.

Others: Finally, because of their adaptability and capacity for intricate welding jobs, these robotics find use in a variety of other sectors.

DRIVING FACTORS

"Recent Increases in Disposable Income to Support Market Expansion"

Recent increases in disposable income and economic growth have significantly increased demand for smaller, more affordable, versatile robots. Furthermore, the cost of manufacturing robots has decreased, thus boosting the use of robotics for welding throughout the world.

Robotic welding machines offer increased consistency, efficiency, yield, and throughput along with a decreased requirement for rework. These advantages encourage adoption in a number of industrial verticals, including automotive and transportation, aviation and defense, and electric and electronics, along with increased precision in manufacturing, restoration, and maintenance.

"Developments in Robotics to Foster Industry Progress"

Furthermore, it is anticipated that developments in robotics, such as the creation of cooperative robots and the incorporation of machine learning and artificial intelligence, will improve the features of the robots. These developments will increase efficiency, provide robots greater customizing options, and allow them to adapt to complicated welding operations.

RESTRAINING FACTOR

"Strict Rules and Compliance Demands to Stop Market Evolution"

But there are several obstacles in the market's way that could slow down its rate of expansion. Manufacturers have difficulties as a result of rising raw material costs, which can affect manufacturing costs and even restrict market accessibility.

Manufacturers in the welding sector face challenges due to strict rules and compliance demands, which necessitate research and development to ensure compliance with health and environmental regulations. The availability and price of raw materials may be further impacted by geopolitical unpredictability and trade conflicts, which would affect the entire price arrangement for machines. These difficulties highlight how crucial strategic innovation and legal compliance are to the market long-term success.

ARC WELDING ROBOTS MARKET REGIONAL INSIGHTS

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"Asia Pacific to dominate the Market owing to the Expansion of End-User Sectors "

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

Geographically speaking, Asia Pacific held the arc welding robots market share in 2016 and is expected to hold this position going forward. The economic growth in Asia Pacific and the expansion of end-user sectors including automotive, constructing, aerospace and military, electrical equipment, and machinery for industry are some of the main causes of the rising need for welding equipment in the process of manufacturing.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• ABB (Switzerland)
• FANUC (Japan)
• FCA (U.K.)
• Kawasaki Heavy Industries (Japan)
• Midea (China)
• Yaskawa (Japan)

INDUSTRIAL DEVELOPMENT

May 2023: Lincoln Electric announced its plans to introduce its latest HELIX M627 Orbit GTAW Welding Heads in May 2023. Furthermore, clients can effortlessly access the improved efficiency and superior craftsmanship of mechanized GTAW thanks to the HELIX M627, which is designed and tested in the field to give the most inventive and user-friendly solution available.

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.