According to our new research study on "Robotic Welding Cell Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Offering, Cell Type, End-Use Industry, and Geography," the robotic welding cell market share is projected to reach US$ 1,919.62 million by 2028 from US$ 1,240.18 million in 2021. It is estimated to grow at a CAGR of 7.6% from 2021 to 2028.
Rising Uptake of Welding Robots in Automotive Industries to Drive Market
The use of robots, particularly in welding applications, has become increasingly important in the manufacturing industry. The automotive industry, in particular, has seen a significant impact from the integration of welding robots into their assembly lines over the last three decades. The adoption of these robots has resulted in numerous benefits for the automotive industry, including increased efficiency, cost-effectiveness, and safety in the robotic welding cell market.
One of the significant advantages of using automotive welding robots is their ability to reduce the risk of human error leading to accidents. These robots can perform tasks in hazardous environments and can withstand high temperatures and chemical reactions, which allows them to come into contact with structures and parts that may pose risks to human workers. By using robots, the automotive industry can also ensure the safety of future consumers by performing crash tests to evaluate the safety of the vehicles produced.
Moreover, the adoption of automotive robots has led to significant cost savings for many automobile manufacturers by enabling them to double or triple their production time. Robots can also work continuously without the need for breaks or time off, which allows for continuous production and greater output in the robotic welding cell market.
The North American market for robotic welding cells is heavily influenced by the strong presence of the United States, which has a significant number of passenger vehicles per capita and a robust automobile manufacturing industry. While the US experienced a noticeable increase in COVID-19 cases, the automotive industry was minimally affected due to the lack of strict government measures and restrictions, resulting in only a moderate impact on the robotic welding cell market. However, the ongoing trade war between the US and China has affected the availability of materials and components for various automotive OEMs, resulting in an impact on the robotic welding cell market after the pandemic.
During the COVID-19 pandemic, players in the North American robotic welding cell market faced significant challenges. The demand for industrial robots, including robotic welding cells, declined in 2020 due to reduced demand from end-users. However, as of the first quarter of 2021, robot procurement was significantly higher for metal makers (86%), life sciences, pharmaceuticals, and biomedical makers (72%), and food and consumer goods makers (32%), according to the Association for Advancing Automation.
The demand for industrial robots, including robot welding cells, has gained positive momentum since 2021 due to growing automation trends from non-automakers in the robotic welding cell market.
Key Findings of Study:
The global robotic welding cell market is segmented into five major regions, namely North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The APAC region is expected to dominate the market share due to advancements in manufacturing and increased industrial automation. Furthermore, the adoption of Industry 4.0 welding technology is expected to drive market growth. The establishment of multiple manufacturing sites is expected to support market expansion. For instance, in February 2021, ABB was chosen as one of the partners by OLA to open a Mega Scooter plant in India. Several regional government agencies are increasingly promoting manufacturing through various initiatives such as increased FDI, tax cuts, subsidies, and other funding allocations to attract manufacturing bases in the new region. "Made in China 2025" and "Made in India" are some of the notable initiatives across the region by their respective government agencies. The demand for robotic welding cells is expected to increase over the forecast period due to increased investment in manufacturing sectors, such as electronics and machinery.
Prominent players in North America and their significant investments can drive the demand for robotic welding cells in the region. Furthermore, increased adoption of automated systems in the automotive and other sectors is driving demand for robotic welding cells. Technological advancements and improved working conditions have also contributed to the growth of the market in the region. In Europe, particularly in Germany, the UK, and France, the manufacturing industry is a crucial component of the economy. The Fourth Industrial Revolution, also known as Industry 4.0, has impacted the manufacturing industry, starting from developed countries and expanding into emerging markets. With the widespread use of sensors, wireless communications, and networks, and increasingly intelligent robots and machines, the manufacturing industry in Europe is transforming. This digital revolution promises greater production flexibility, mass customization, faster speeds, higher quality, and higher productivity, thereby highlighting the need to focus on technology and enhance the competitiveness of the European robotic welding cell market.
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