The global welding robots market size was valued at USD 7.2 billion in 2022. The market is projected to grow from USD 7.2 billion in 2022 to USD 14.9 billion by 2030, exhibiting a CAGR of 10.90% during the forecast period.
 
The increased adoption of Industry 4.0, which completely automates the production process without human intervention, is driving the global market for welding robots. Welding robots is increasingly being used in a variety of sectors, including the automotive, electronics, and equipment industries, thanks to the development of the industrial internet of things (IIoT). Welding robots increases production by producing accurate, timely outcomes with a minimal amount of mistake. Additionally, welding robots has surpassed manual welding in popularity due to its protection against potentially harmful flashes, gases, sparks, and heat created during welding. This has helped the industry expand.

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COVID-19 IMPACT

The supply chain and operations of several businesses were severely impacted by the sudden shutdown in numerous nations. In light of the pandemic's prolonged duration in nations like India, France, Spain, the United Kingdom, and the United States, among others, secondary sources suggest that the production plants may gradually resume operations. This could be accomplished by adhering to social segregation standards and regulations enforced by the governments of the separate nations. The shutdown is anticipated to have a mild effect on the growth of the global welding robots market. This is mostly caused by the lack of workers in production facilities, where industrial robots serve as a crucial source of assistance for the producers.
 
DRIVING FACTORS

Automated Welding Techniques Used to Promote Market Development

The market is expanding as a result of technological developments in automation. It is an improved form of automation that uses robotics to enable a more advanced degree of the process. The industry's main benefit from automation is the decrease in production time. The productivity of the automated process is increased by tools including nozzle cleaning stations, wire cutters, retaining heads, liners, and machine communication software. This should also lower labour safety costs and safety-related challenges. Consequently, it is anticipated that during the forecast period, rising demand for automation will fuel market expansion.
 
RESTRAINING FACTORS

High Initial Costs And Significant Safety Concerns Will Limit Market Expansion

For the early stage of purchase, programming, and maintenance, significant expenditure is needed. Due to limited production volumes, new competitors and SMEs have a tough time capitalising on high funding. The sector has also been dealing with a significant problem with occupational injuries that happen at work in different industrial facilities. It is caused by the human body being exposed to current discharges in excess of what is physiologically tolerable.

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LIST OF KEY COMPANIES PROFILED:

ABB, Ltd.
DAIHEN Corporation
Denso Corporation
Fanuc Corporation
Kawasaki Heavy Industries, Ltd
KUKA AG
Nachi-Fujikoshi Corp
Panasonic Corporation
Siasun Robot & Automation Co Ltd
Yaskawa Electric Corporation

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