According to our latest market study on " Robotic Welding Cell Market Forecast to 2031 –Global Analysis – by Offering, Cell Type, and End Use Industry," the market is expected to grow from at US$ 1,511.15 million in 2023 to US$ 3,726.64 million by 2031; it is anticipated to grow at a CAGR of 11.9% from 2023 to 2031.
Robots play an important role in the manufacturing industry. Robots help increase overall efficiency and productivity in production operations. Robots are being used in the manufacturing industry for various applications such as assembly & dispensing, handling & picking, machining & cutting, welding & soldering, casting & molding, finishing & sanding, painting & coating, cleaning & hygiene, logistics & storage, and packing & palletizing. As per the data published by the International Federation of Robots in 2024, approximately 4.2 million robots were operating in factories across the globe in 2023 from 3.9 million in 2022.
The above statistics show that the adoption of robots in the manufacturing industry is growing notably. As stated by the International Federation of Robots in 2021, half of the total robots working in the factories will be used for welding applications. Thus, the increasing adoption of robots in the manufacturing industry is propelling the robotic welding cell market growth.
Key Findings of Market Study:
The demand for robotics across the globe is growing notably owing to factors such as digitalization, rising trends of automation, increased need for higher efficiency, and availability of innovative technology. These are some of the factors that are driving the demand for industrial robots, ultimately robotic welding cells across the globe. According to the data provided in the World Robotics Report 2023, 0.55 million industrial robots were installed worldwide in 2022. The total number of installations in 2022 increased by 5% from 2021, whereas from 2017 to 2022, the number of industrial robot installations increased by 7%. With this growth in 2022, the total number of industrial robots operating globally reached approximately 4 million in 2022 from 2.7 million in 2019.
The demand for vehicles is increasing notably. Rising consumer expenditure is one of the factors that is driving the demand for vehicles across the globe, especially in Asian countries. As per the data published by the International Organization of Motor Vehicle Manufacturers in 2024, the overall vehicle production reached 93 million in 2023, a 12% increase from 2021 to 2023. In addition, vehicle production in Asia-Oceania reached 55 million in 2023 from 49 million in 2019, showcasing a growth of 12%. The statistics show increased automotive production across the globe, especially in Asia Pacific. Many automobile manufacturers worldwide are investing in the construction of new manufacturing units or the expansion of their current facilities. For instance, in March 2022, Hyundai Motor Company opened its first manufacturing plant in Southeast Asia, which has an annual production capacity of 250,000 units. In May 2024, the Abu Dhabi Department of Economic Development partnered with Alfahim Group to set up a new electric commercial manufacturing plant in the Emirates. The rise in the construction of new facilities has led to increased demand for welding robots in these new automotive facilities, ultimately driving the robotic welding cells market.
Some of the key robotic welding cell manufacturers included in this report include Abb Ltd, Acieta LLC, Carl Cloos Schweisstechnik Gmbh, Kawasaki Heavy Industries, Ltd; Kuka AG; Phoenix Industrial Solutions; The Lincoln Electric Company; Wec Group Ltd.; Yaskawa America, Inc.; among others.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com