Robotic Welding Market

Market Leaders - Robotic Welding Market

The global robotic welding market is projected to reach USD 5.96 billion by 2023, growing at a CAGR of 8.91%, from 2018 to 2023. Increasing implementation of Industry 4.0 revolution and rising need for scalability in manufacturing units in developing economies to meet the growing demand for various products would contribute to the growth of the robotic welding market.

Asia Pacific would continue to be the largest market for robotic welding, followed by Europe and North America, during the forecast period. The global market is dominated by major players including Kuka (Germany), Fanuc (Japan), Yaskawa (Japan), ABB (Switzerland), and Kawasaki (Japan).

The market growth strategies adopted by the key players in the robotic welding market include contracts & agreements, new product launches, expansions & investments, mergers & acquisitions, joint ventures, and partnerships & collaborations. Expansions & investments was the most commonly adopted strategy by market players from February 2015 to February 2018. Industry players also launched various new products during the time.

Kuka is a leading supplier of intelligent automation solutions to the automotive and general industry. Kuka operates its business through 3 segments, namely, Robotics, Systems, and Swiss Log. The company offers welding robots through its Robotics business segment along with controllers and required software. Kuka’s product portfolio offers robots for small to large applications requiring a payload of 3–1,300 kg.

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The company produces its robots mainly in two facilities, Augsburg (Germany) and Shanghai (China) from where it manages shipments to other markets as well. The major end-user industry for its robotic products is automotive which accounted for half of its robotic sales in 2017. Between 2016 and 2017, the company launched new robots in the fastest growing Chinese market and entered into various contracts & agreements across the globe to supply its welding robots across different industry verticals.

FANUC Corporation develops, produces, and sells factory automation and robotization systems. The company operates its business through 4 divisions, namely, Factory Automation, Robot, RobotMachine, and Services. The robots offered by the company have applications in the automotive, electric, food & beverage, and pharmaceutical industries. The company operates in Asia, the Americas, Europe, and other regions. It carries out sales and support services through an integrated network of central technical centers, branch offices, and overseas group companies across the globe. It operates through a network of more than 259 locations in 45 countries worldwide. The company manufactures industrial robots in its headquarters, which has a capacity of producing 5,000 robots per month. During 2015, the company launched new robots for arc welding which would meet the requirement of various end-user industries.

Related Reports:

Robotic Welding Market by Type (Arc Spot), End-User (Automotive & Transportation, Electricals & Electronics, Aerospace & Defense, Metals & Machinery), Payload (<50 kg, 50–150 kg, and >150 kg), and Region - Global Forecast to 2023

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Report Code
EP 6441
RI Published ON
7/6/2018
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