Report : North America Robotic Welding Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Spot Welding, Arc Welding, and Others), Payload (Less Than 50 Kg, 50-150 Kg, and More Than 150 Kg), and End-User (Automotive and Transportation, Electrical and Electronics, Metal and Machinery, Construction, and Others)Â
Spot Welding Segment to Dominate North America Robotic Welding Market during 2019–2028
According to a new market research study on “North America Robotic Welding Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Payload, and End-User,” is expected to reach US$ 1,488.11 million by 2028 from US$ 516.73 million in 2021. The market is estimated to grow at a CAGR of 16.3% from 2021 to 2028. Industrial 4.0 to drive demand for industrial robots is the major factor driving the growth of the North America robotic welding market. However, high initial costs associated with the installation of welding robots may hinder the growth of North America robotic welding market. The report provides trends prevailing in the North America robotic welding market along with the drivers and restraints pertaining to the market growth.
The robotics ecosystem players in North America faced several critical challenges due to the COVID-19 pandemic, such as manufacturing facilities and robotics system integrators operating with a limited workforce or shutdown of these facilities and the supply chain disruptions of raw material and components. Further, owing to the less demand from end users, the deployment of industrial robotics, including robotic welding, witnessed reduced deployment numbers in 2020. However, according to the Association for Advancing Automation from Q1 of 2021, procurement of robotics was 86% higher than metal manufacturers, 72% higher than life sciences, pharmaceuticals, and biomed manufacturers, 32% higher than food & consumer goods manufacturers, and 12% higher than other nonautomotive manufacturers compared to Q1 of 2020 in North America. Due to the growing inclination to automation by nonautomotive manufacturers, the demand for industrial robotics, including robotic welding, gained positive momentum from 2021.
The North America robotic welding market segmented by type, payload, end-user, and country. Based on type, the North America robotic welding market is segmented into spot welding, arc welding, and others. In 2020, the spot welding segment held the largest share North America robotic welding market. Based on payload, the North America robotic welding market is segmented into less than 50kg, 50kg-150kg, and more than 150kg. In 2020, the 50kg-150kg segment held the largest share North America robotic welding market. Based on end-user, the North America robotic welding market is segmented into automotive and transportation, electrical and electronics, metal and machinery, construction, and others. In 2020, the automotive and transportation segment held the largest share North America robotic welding market. Similarly, based on country, the market is segmented into US, Canada, and Mexico. The US contributed a substantial share in 2020.
ABB; Fanuc Corporation; Kawasaki Heavy Industries, Ltd.; Kuka AG; NACHI FUJIKOSHI CORP; NOVARC TECHNOLOGY; OTC DAIHEN; Panasonic Corporation; and Yaskawa Electric Corporation are among the leading companies in the North America robotic welding market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, FANUC TO DEMONSTRATE A WIDE RANGE OF CNC AND ROBOTIC SOLUTIONS AT FABTECH.
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