Latest News- Industrial Welding Robots Market: Spot welding robots is expected to lead the Product segment during 2024-2028

The Industrial Welding Robots Market is being driven by Growing popularity of industrial robots in APAC

The Industrial Welding Robots Market is expected to grow at a CAGR of 6.78% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3104.5 million. In the industrial sector, rental companies such as Hirebotics, Tokyo Century, and ORIX have gained prominence by offering flexible robot solutions to end-users. These firms provide comprehensive services, including needs assessment, deployment planning, programming assistance, maintenance, and repair. They facilitate the integration of robots, peripherals, and manufacturing equipment into a unified system. End-users can avail of this service with an initial monthly cost ranging from USD1,300 to USD1,800, without any upfront asset allocation. Rental companies shoulder the installation expenses and provide state-of-the-art robots tailored to specific industries. This arrangement enables businesses to reap the benefits of advanced automation technologies without the burden of ownership or extensive programming knowledge. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Spot welding robots
  • Arc welding robots
  • Laser welding robots
• End-user
  • Automotive
  • Electrical and electronics
  • Heavy machinery
  • Others
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • Europe
    • Germany
  • North America
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing popularity of industrial robots in APAC
• Growing need for automated welding process
• Stringent regulatory framework to ensure safety of workforce

However, the market also witnesses some limitations, which are as follows:

• Operational challenges associated with welding robots
• High capital expenditure affects adoption of welding robots by SMEs
• After sales servicing challenges

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Market Scope in Industrial Welding Robots Market Research Report

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Research Analysis Overview

The Industrial Welding Robots market has experienced significant growth in recent years due to the increasing demand for automation in manufacturing facilities. Welding applications are a major area where robotics solutions have been adopted extensively, providing flexibility and efficiency in production. However, the market has been impacted by various challenges such as raw material supply chain disruptions due to transport restrictions, production schedule adjustments, and strict lockdowns during economic downturns. Advanced robotics, sensors, real-time data analytics, big data, cloud computing, and cyber-physical systems are transforming modern manufacturing by enabling data-driven decision-making. Welding robot manufacturers are investing in these technologies to provide robust and adaptable solutions for various industries. The integration of cloud robotics and sensors in welding robots enables remote monitoring and control, ensuring uninterrupted production even during supply chain disruptions. The future of industrial welding robots lies in advanced technologies, flexibility, and efficiency, making them an essential component of modern manufacturing.

Market Research Overview

The industrial machinery and supplies and components market encompasses businesses involved in the production of industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio's market analysis, the global industrial machinery and supplies and components market size is determined by the consolidated revenue generated by manufacturers supplying equipment for industrial applications. Factors driving growth in this market include expanding industrial production in process and discrete industries, particularly in developing countries, and the increasing demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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