Robotic technologies aim to reduce workers' workload, aiming toward better productivity in partnership with them. In addition, the demand for welding robotics reduces the need for manpower, while achieving organisational excellence by quickly and reliably conducting routine activities. However, the growth of the robotic welding market is constrained by the complex integration capabilities and high installation costs required for the initial setup of welding robots.

Owing to the combination of high-quality hardware with an effective digital control system, the initial expenditure and maintenance expense of employing automated systems is high. The use of robotic welding is limited by the significant amount of initial expenditure. The welding robots are fitted with state-of-the-art equipment to perform welding operations. Consequently, the initial cost of building a welding robot is considerably greater.

The use of new and emerging technologies for the production of welding robotics has been promoted by strong investment in different industries for R&D activities in robotic technology. Welding robots can be tailored to meet unique criteria, such as cloud-based service and remote control, along with successful physical status through the use of advanced technology to maximise compatibility with human staff. The 2025 plan, autonomous revolution and eight fantastic inventions made in China are only a few examples of robotic associations.

Type Segment

Based on the type, the market is segmented into Arc Welding, Spot Welding, and Others. The spot welding segment has the largest share in the market in 2019 and the market is forecasted to grow with the significant rate of above 11% CAGR over the forecast period. High-payload robots are spot welding robots, which are pricey and commonly used in various end-user industries. Automotive & logistics are big end-user sectors, responsible for nearly half of the market share. The rising demand of the vehicles will lead to the growth of the spot-welding industry in developing economies such as Brazil, China, and India. It will also serve as a driving force for the industry to raise the emphasis on embracing electric cars.

Payload Segment

In terms of the end user segment, the market is segmented into <50 kg, 50–150 kg, and >150 kg. In 2019, the >150 kg segment has the largest share in the market in 2019 and the market is forecasted to grow with the significant rate of above 9% CAGR over the forecast period. The consumption of robotic welding machines in the automobile & transportation and other sectors, have more than 150 kg of payload are expected to dominate the market. Moreover, the rising demand for cars, has provided a high demand for robots in the global industry. Moreover, the rising demand from the industrial sector in the developing economies provides a significant demand in the global industry.

The Asia Pacific region is the largest and the fastest growing region in the market with a CAGR of more than 10.2% in 2019 and is anticipated to continue with the same position during the forecast years 2018-2028. The development of the region's robotic welding industry will drive growing adoption of automation by emerging economies. Government programmes such as Make in India and Made in China 2025, has made a significant growth in the region. Increased use of automated systems in the automobile and other sectors; improved and healthy working conditions; and developments in technology are fostering regional demand for welding robots. In the robotics market, China has experienced rapid growth. In many sectors, the country has invested heavily and installed 100,000 manufacturing robots, which is fueling the market for welding robots.

The major players of the global robotic welding market are Yaskawa Electric Corporation, Fanuc Corporation, ABB LTD., Kuka, and Panasonic Corporation. Moreover, the market comprises several other prominent players in the robotic welding market as Kawasaki Heavy Industries, Ltd., Nachi-Fujikoshi Corp., Daihen Corporation, Denso Corporation, and Comau S.P.A. The robotic welding market consists of top, medium level and a number of domestic players in the global market. In addition to this, the well-established players in the industry have made various strategies and research & developments to compete with other players in the regional and global market.