Report : South & Central America Robotic Welding Cell Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering (Solution and Services), Cell Type (Pre-Engineered Cells and Custom Cells), and End-user Industry (Automotive, Manufacturing, Aerospace and Defense)
At 1.5% CAGR, the South & Central America Robotic Welding Cell Market is speculated to be worth US$ 32.63 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South & Central America robotic welding cell market was valued at US$ 29.87 million in 2022 and is expected to reach US$ 32.63 million by 2028, registering an annual growth rate of 1.5% from 2022 to 2028. Strengthening adoption of Industry 4.0 principles and burgeoning implementation of collaborative robots to bridge the skill gaps.
Industry 4.0 fully automates production processes with minimal to negligible human intervention. It works on the industrial internet of things (IIoT), cyber-physical systems, cloud robotics, cloud computing, and big data. As a result, welding robot manufacturers are moving to produce networked and intelligent robots compatible with Industry 4.0. Many end-use industries, such as automotive and transportation, metals and machinery, electrical and electronics, and aerospace and defense, have begun to implement Industry 4.0 concepts in their manufacturing processes to harness the advantages associated with it, including increased productivity, flexibility, and safety, better quality, decreased need for consumables, and reduced production costs. Smart factories are a key feature of Industry 4.0. A smart factory adopts a so-called calm system. A calm system can manage both the physical world and the virtual. Such systems are called background systems and work somewhat behind the scenes. A calm system is aware of its surrounding environment and the objects around it. It can also be provided with soft information related to generated objects, such as drawings and models. Smart Factory containing hundreds or even thousands of smart devices capable of self-optimizing production will result in virtually zero downtime in production. This is leading to significant growth of the robotic welding cell market.
On the contrary, fear of skill-force of loosing jobs due to automation.
- Based on offering, the South & Central America robotic welding cell market is segmented into solution and services. The solution segment held 71.2% market share in 2022, amassing US$ 21.28 million. It is projected to garner US$ 23.69 million by 2028 to expand at 1.8% CAGR during 2022–2028.
- Based on cell type, the South & Central America robotic welding cell market is categorized into pre-engineered cells and custom cells. The pre-engineered cells segment held 59.9% market share in 2022, amassing US$ 17.91 million. It is projected to garner US$ 19.27 million by 2028 to expand at 1.2% CAGR during 2022–2028.
- Based on end user, the South & Central America robotic welding cell market is segmented into automotive, manufacturing, and aerospace and defense. The manufacturing segment held 54.4% market share in 2022, amassing US$ 16.27 million. It is projected to garner US$ 17.16 million by 2028 to expand at 0.9% CAGR during 2022–2028.
- Based on country, the South & Central America robotic welding cell market has been segmented into Brazil, Argentina, and Rest of SAM. Our regional analysis states that Brazil captured 71.2% market share in 2022. It was assessed at US$ 21.26 million in 2022 and is likely to hit US$ 23.53 million by 2028, exhibiting a CAGR of 1.7% during the forecast period.
Key players dominating the South & Central America robotic welding cell market are ABB Ltd; The Lincoln Electric Company; Kuka AG; Kawasaki Heavy Industries, Ltd.; and WEC Group Ltd among others.
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