The growth of robotic welding market is driven by the increasing adoption of industry 4.0 principles and the rising adoption of welding robots in the automotive industry. However, the high initial cost of installing welding robots is expected to restrain the growth of this market. Government initiatives to support digital transformation in Asia-Pacific and the emergence of laser & plasma welding technologies are expected to provide significant growth opportunities for stakeholders in this market. However, the lack of skilled workers for operating welding robots is expected to pose a major challenge to market growth.
The robotic welding market is projected to reach USD 6.77 billion by 2029 from an estimated USD 4.44 billion in 2022, at a CAGR of 6.2% during the forecast period 2022–2029. By volume, this market is projected to reach 163.31 thousand units by 2029 from an estimated 77.86 units in 2022, at a CAGR of 11.2% during the forecast period.
Here are the top 10 companies in Robotic Welding Market
ABB Ltd (Europe)
Founded in 1988 and headquartered in Switzerland, Europe, ABB Ltd is an automation company that manufactures, develops, and sells electrical products and solutions, industry-specific integrated automation and electrification systems, and mechanical power transmission products. The company provides a wide range of products such as control room solutions, electric vehicle charging infrastructure, industrial software, low voltage products and systems, measurement and analytics, medium voltage products, metallurgy products, motors and generators, PLC automation, power converters and inverters, and robotics. In systems, they provide control systems, power electronics, safety, turbocharging, and UPS & power conditioning.
ABB operates through five reportable segments, namely, Electrification, Industrial Automation, Motion, Robotics & Discrete Automation, and Corporate and Other. The company’s industrial automation segment specializes in delivering its products, solutions, and services through two operating divisions, namely, Robotics and Machine Automation. The Robotics division includes industrial robots, software, robotic solutions and systems, field services, spare parts, and digital services, whereas the Machine Automation segment specializes in solutions based on its programmable logic controllers (PLC), industrial PCs (IPC), servo motion, transport systems, and machine vision.
Some of its major subsidiaries are ABB Inc. (U.S.), ABB Limited (U.K.), Asea Brown Boveri Lanka (Private) Limited (Sri Lanka), Asea Brown Boveri Ltd. (Mauritius), ABB Technologies Ltd. (Israel), PT ABB Jasa Indonesia, ABB Global Industries and Services Private Limited (India), and ABB (Pvt) Ltd. (Pakistan). With its subsidiaries and a strong distribution network, the company has a geographical presence across Europe, the Americas, Asia, and the Middle East & Africa.
FANUC Corporation (Japan)
Founded in 1972 and headquartered in Yamanashi, Japan, FANUC Corporation is a Japanese robotics company that provides automation products and services such as robotics and computer numerical control wireless systems. Furthermore, it offers computerized numerical control, servo motors, servo amplifiers, and laser oscillators to manufacturing industries and third-party developers across the globe. The company’s product portfolio comprises a wide range of robots, robodrill machines, field systems, CRX robots, CNC, roboshot, lasers, and robocut machines.
FANUC operates through four reportable segments, namely, FA, Robot, Robomachine, and Service. The company has categorized industrial robots into welding, material handling, assembly, and painting. These applications are utilized by wide-ranging industries, including automotive, electronic parts, logistics, food, pharmaceuticals, and cosmetics. Fanuc’s industrial robots are general-purpose robots that are used in many sectors.
KUKA AG (Germany)
Founded in 1898 and headquartered in Augsburg, Germany, KUKA AG is a German manufacturer of industrial robots and systems for factory automation. The company offers a complete range of products and services from a single source: from robots and cells to fully automated systems and their networking. Its product portfolio includes robot systems, production machines and systems, automated guided vehicle systems, mobility, and process technologies. Additionally, the company emphasizes and invests heavily in advanced technologies such as Industry 4.0, human-robot collaboration, mobile robots, and automation to offer enhanced production capabilities to its customers.
KUKA operates through five reportable segments, namely, Systems, Robotics, Swisslog, Swisslog Healthcare, and China. The company caters to different industries, including automotive, food, E-commerce, electronics, energy, healthcare, consumer goods, and metal. Some of its major subsidiaries are KUKA CEE GmbH (Austria), Swisslog Technology Center Austria GmbH (Austria), KUKA Robotics Australia Pty. Ltd. (Australia), Swisslog Healthcare Asia Pacific Pte. Ltd. (Singapore), Swisslog Middle East LLC (UAE), and KUKA Systems North America LLC. (U.S.).
Yaskawa Electric Corporation (Japan)
Founded in 1915 and headquartered in Fukuoka, Japan, Yaskawa Electric Corporation is a Japanese robotics company that develops, manufactures, sells, and provides after-sales services for industrial robotics, AC servo motor, controllers, AC drives, and electrical systems. The company focuses on revolutionary industrial automation and is committed to contributing to global business challenges. Furthermore, the company also provides a wide range of products such as solution concept i3-mechatronics (i3 mechatronics), servo drives & machine controllers, AC drives, robotics, system engineering, and energy-saving equipment and creation.
Yaskawa caters to automotive, food, E-commerce, electronics, energy, healthcare, consumer goods, metal, and other similar industries. The company operates through three reportable segments, namely, Motion Control, Robotics, and System Engineering. As of March 2021, it had a headcount of 14,892 employees globally.
Kawasaki Heavy Industries, Ltd. (Japan)
Founded in 1896 and headquartered in Tokyo, Japan, Kawasaki Heavy Industries, Ltd. is a Japanese company that manufactures and provides marine machinery, rail cars, industrial equipment, energy solutions, and vehicles. The company develops and supplies systems such as industrial plants, treatment facilities for the environment & recycling, equipment for infrastructure development, systems for the oil & gas and medical industry, and products for factories worldwide. It operates through six reportable segments, namely, Aerospace Systems, Rolling Stock, Energy Solution & Marine Engineering, Precision Machinery & Robot, Motorcycle & Engine, and Others.
As of December 2020, Kawasaki had a headcount of 36,691 employees globally. Some of its major subsidiaries are Kawasaki Heavy Industries (Singapore) Pte. Ltd., Kawasaki Heavy Industries, Ltd., Kawasaki Heavy Industries (Thailand) Co., Ltd., Kawasaki Heavy Industries, Ltd., Kawasaki Heavy Industries Management (Shanghai), Ltd., and Kawasaki Heavy Industries (USA), Inc. With its subsidiaries and a strong distribution network, the company has a geographic presence across Japan, Europe, the Americas, Asia, and Oceania.
Meticulous Research in its latest publication on Robotic Welding Market has predicted the growth of 6.2% during the forecast year 2022-2029.
DAIHEN Corporation (Japan)
Founded in 1919 and headquartered in Osaka, Japan, DAIHEN Corporation is an electric and electronic manufacturing company. The company provides different products, such as transformers, solar inverters, power distribution equipment, welding machines, cutting machines, industrial robots, wireless power transmission systems, RF/MW generators, and automatic matching units for plasma applications. It operates through three reportable segments, namely, Power Products Business, Welding & Mechatronics Business, and Semiconductor & FPD Related Business.
Some of its major subsidiaries are KYUHEN Co., Inc. (Japan), Shihen Technical Corporation (Japan), Otc Industrial (Qingdao) Co., Ltd. (China), and Daihen Korea Co. Ltd. (Korea). With its subsidiaries and a strong distribution network, the company has a strong geographical presence across Japan, North America, and Asia.
Stäubli International AG (Switzerland)
Founded in 1892 and headquartered in Horgen, Switzerland, Stäubli International AG is an automation company that offers mechatronics solutions in three areas of activity, namely, Coupling Systems, Robots, and Textile Machines. The company provides products and solutions across various industrial sectors around the globe and has expertise in quick couplings for pneumatics and hydraulics, electrical power and data, and industrial robotics. Furthermore, it specializes in industrial automation, providing engineering and technical support recognized for customer efficiency and reliability. Stäubli offers its industrial robot across several industries, including automotive, food and beverages, healthcare, metal, plastics, semiconductors, and solar.
Some of its major subsidiaries are Stäubli Corporation (Switzerland), RS Roman Seliger Armaturenfabrik GmbH (Germany), StÄUbli Wft GmbH (Germany), Stäubli Tec-Systems GmbH (Germany), and Staubli Systems, S.R.O. (Czech Republic). With its subsidiaries and strong distribution network, the company has a geographical presence across 29 countries, with agents in 50 countries on four continents. As of December 2021, the company had a headcount of 5,500 employees globally.
EVS Tech Co., Ltd (China)
Founded in 2018 and headquartered in Chengdu, China, EVS Tech Co., Ltd is an industrial robot supplier providing automation solutions and high-quality and cost-effective industrial robots ranging from 3kg payload to 800kg payload, including 6 and 4 axis robots, welding positioners, robot walking rail, torch cleaning and wire trimming station. The company provides a wide range of products such as robotic arms, robotic welding, pick and place robots, palletizing robots, painting robots, SCARA robots, welding positioners, and robot walking rail.
Estun Automation Co., Ltd. (China)
Founded in 1993 and headquartered in Nanjing, China, Estun Automation Co., Ltd. is one of the leading domestic enterprises in manufacturing core controlling parts for high-end intelligent equipment. It also provides industrial robots for its strengths in core part manufacturing, transforming itself into a major enterprise in the domestic robot industry equipped with autonomous technology and capacity in core part manufacturing. The company provides a wide range of products such as SCARA robots, MINI series, 6kg to 30kg 6 axis robots, 50kg to 220kg 6 axis robots, 350kg to 500kg 6 axis robots, 60kg to 180kg 4 axis robots, high protect level robots, and bending robots.
Its products help in applications such as arc welding, assembly, machine tending, palletizing, pick & pack, press tending, and spot welding. The company caters to automotive & spare parts, consumer electronics, die-casting, food & beverages, intelligent packaging, PCB, photovoltaic (PV), plastic, sheet metal, and wooden furniture industries.
United ProArc Corporation (Taiwan)
Founded in 1966 and headquartered in Taoyuan, Taiwan, United ProArc Corporation is a professional manufacturer of CNC cutting systems, CNC drilling machines, and welding automation equipment. The company provides a wide range of products such as CNC cutting machines, welding equipment, CNC drilling machine, and welding automation.
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