Market by Payload Capacity, Welding Type, Industry Vertical, and Country Outlook | Forecast 2022-2028
As per Triton’s research analysis, the Latin America robotic welding market is likely to grow with a CAGR of 7.44% over the evaluated period between 2022 and 2028.
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The
countries included in this region include:
•
Mexico
•
Brazil
•
Rest of Latin America
Brazil accounted for the largest
share in this region’s market in 2021. Latin
America boasts of the presence of leading automakers, such as Volkswagen, General
Motors, Ford, Hyundai, Peugeot, Toyota, and Renault. Realizing the importance
of the automotive sector, the regulatory bodies of various countries across the
region are taking initiatives for its development. This is expected to largely
benefit the robotic welding market in this region.
The automotive sector in
Brazil contributes to 5.5% of the total GDP, and the nation is the
eighth-largest automotive manufacturer in the world. As a result, several OEMs
are largely investing in this sector. Additionally, BYD, a Chinese automobile
manufacturer, has invested significantly for electric vehicle development in
the nation. The welding robotics market players in the country are thus
expected to benefit from a variety of development prospects as a result of
these considerations.
Even in Mexico, the
automotive industry is experiencing a paradigm shift as several leading
automobile manufacturing companies are setting up their plants in the country. This
is expected to bolster the use of automated technologies for enhancing
productivity, and thereby enhance the adoption of welding robots. This will
drive the growth of the robotic welding market in the years to come.
The metal &
machinery industry utilizes metals to manufacture machines for consumers and
industries. These metal products are also made from metal ore or scrap metal. A
rise in the adoption of welding robots for manufacturing high-precision
components has been witnessed, as a result of the high demand for
micro-machined components and parts. Further, the ability of these robots to
operate in hostile work conditions and precisely handle sharp & heavy metal
products, and high speed also boost the demand for welding robotic systems in the
metal & machinery industry.
Triton’s report assesses the market
according to industry
vertical, welding type, and payload capacity. Here, the industry vertical segment
comprises metals & machinery, automotive &
transportation, electrical & electronics, and other industry verticals.
The
distinguished players in the robotic welding market include Miller
Electric Mfg LLC, Daihen Corporation, Lincoln Electric Holdings Inc, Siasun
Robot & Automation Co Ltd, Denso Corporation, FANUC Corporation, Kuka AG,
and Hyundai Motor.
Established in 1919, Daihen
Corporation is engaged in manufacturing, selling, and repairing welding
machines, transformers, industrial robots, clean transport robots, and
high-frequency power robots. It operates in four business segments, namely,
Welding and Mechatronics, Electrical Power Equipment, Semiconductor-related
Equipment, and Others. It has a business presence in Mexico, among other
countries across the world. In FY 2022, the company’s profit amounted to $82 million,
rising from $70 million in FY 2021.
Key deliverables of the report:
·
Market
CAGR during the forecasting years 2022-2028
·
Detailed
data highlighting key insights, industry components, and market strategies
·
Comprehensive
information and estimation of the robotic welding market revenue growth in
Latin America and its influence on the parent market
·
In-depth
study of forthcoming trends in consumer behavioral patterns
·
A
meticulous analysis of the competitive landscape, vendor scorecard, and
Porter’s Five Forces Model
·
A
wide-ranging study of factors that will challenge the Latin America robotic
welding market’s growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. LATIN
AMERICA ROBOTIC WELDING MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE ROBOTIC WELDING MARKET
2.2. EVOLUTION
& TRANSITION OF ROBOTIC WELDING
2.3. KEY
INSIGHTS
2.3.1. AMALGAMATION
OF SOFTWARE & HARDWARE IN ROBOTIC WELDING
2.3.2. DEMAND
FOR COLLABORATIVE ROBOTS
2.4. PORTER’S
FIVE FORCES ANALYSIS
2.4.1. THREAT
OF NEW ENTRANTS
2.4.2. THREAT
OF SUBSTITUTES
2.4.3. BARGAINING
POWER OF BUYERS
2.4.4. BARGAINING
POWER OF SUPPLIERS
2.4.5. THREAT
OF COMPETITIVE RIVALRY
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. DELIVERY
COST
2.5.2. SAFETY
2.5.3. EFFICIENCY
2.5.4. ACCURACY
2.6. MARKET
ATTRACTIVENESS INDEX
2.7. VENDOR
SCORECARD
2.8. INDUSTRY
COMPONENTS
2.9. KEY
MARKET STRATEGIES
2.9.1. PRODUCT
LAUNCHES
2.9.2. PARTNERSHIPS
2.9.3. BUSINESS
EXPANSIONS
2.10. MARKET
DRIVERS
2.10.1. IMPLEMENTATION
OF INDUSTRY 4.0
2.10.2. PREFERENCE
FOR ROBOTIC SYSTEMS DUE TO THEIR HIGH EFFICIENCY
2.11. MARKET
CHALLENGE
2.11.1. HIGHER
INITIAL COST FOR THE INSTALLATION OF WELDING ROBOTS
2.12. MARKET
OPPORTUNITIES
2.12.1. R&D
FOR THE DEVELOPMENT OF MIND-CONTROLLED WELDING ROBOTS
2.12.2. GROWTH
IN THE TRANSPORTATION & AUTOMOTIVE SECTORS
3. LATIN
AMERICA ROBOTIC WELDING MARKET OUTLOOK – BY PAYLOAD CAPACITY
3.1. LESS
THAN 50 KG
3.2. 50 KG TO
150 KG
3.3. MORE
THAN 150 KG
4. LATIN
AMERICA ROBOTIC WELDING MARKET OUTLOOK – BY WELDING TYPE
4.1. SPOT
4.2. ARC
4.2.1. MIG
4.2.2. TIG
4.3. LASER
4.4. PLASMA
4.5. OTHER
WELDING TYPES
5. LATIN
AMERICA ROBOTIC WELDING MARKET OUTLOOK – BY INDUSTRY VERTICAL
5.1. METALS
& MACHINERY
5.2. ELECTRICAL
& ELECTRONICS
5.3. AUTOMOTIVE
& TRANSPORTATION
5.4. OTHER
INDUSTRY VERTICALS
6. LATIN
AMERICA ROBOTIC WELDING MARKET – COUNTRY OUTLOOK
6.1. BRAZIL
6.2. MEXICO
6.3. REST
OF LATIN AMERICA
7. COMPETITIVE
LANDSCAPE
7.1. ABB
LTD
7.2. FANUC
CORPORATION
7.3. YASKAWA
ELECTRIC CORP
7.4. KUKA
AG
7.5. DAIHEN
CORPORATION
7.6. DENSO
CORPORATION
7.7. NACHI-FUJIKOSHI
CORP
7.8. PANASONIC
CORPORATION
7.9. HYUNDAI
MOTOR
7.10. SIASUN
ROBOT & AUTOMATION CO LTD
7.11. KEMPPI
OY
7.12. IGM
ROBOTERSYSTEME AG
7.13. LINCOLN
ELECTRIC HOLDINGS INC
7.14. MILLER
ELECTRIC MFG LLC
7.15. KAWASAKI
HEAVY INDUSTRIES LTD
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA ROBOTIC
WELDING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF PRODUCT
LAUNCHES
TABLE 4: LIST OF PARTNERSHIPS
TABLE 5: LIST OF BUSINESS
EXPANSIONS
TABLE 6: LATIN AMERICA ROBOTIC
WELDING MARKET, BY PAYLOAD CAPACITY, 2022-2028 (IN $ MILLION)
TABLE 7: LATIN AMERICA ROBOTIC
WELDING MARKET, BY WELDING TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA ROBOTIC
WELDING MARKET, BY ARC, 2022-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA ROBOTIC
WELDING MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA
ROBOTIC WELDING MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE
1: KEY BUYING IMPACT ANALYSIS
FIGURE
2: MARKET ATTRACTIVENESS INDEX
FIGURE
3: INDUSTRY COMPONENTS
FIGURE
4: LATIN AMERICA ROBOTIC WELDING MARKET, BY PAYLOAD CAPACITY, 2021 & 2028
(IN %)
FIGURE
5: LATIN AMERICA ROBOTIC WELDING MARKET, BY LESS THAN 50 KG, 2022-2028 (IN $
MILLION)
FIGURE
6: LATIN AMERICA ROBOTIC WELDING MARKET, BY 50 KG TO 150 KG, 2022-2028 (IN $
MILLION)
FIGURE
7: LATIN AMERICA ROBOTIC WELDING MARKET, BY MORE THAN 150 KG, 2022-2028 (IN $
MILLION)
FIGURE
8: LATIN AMERICA ROBOTIC WELDING MARKET, BY WELDING TYPE, 2021 & 2028 (IN
%)
FIGURE
9: LATIN AMERICA ROBOTIC WELDING MARKET, BY SPOT, 2022-2028 (IN $ MILLION)
FIGURE
10: LATIN AMERICA ROBOTIC WELDING MARKET, BY ARC, 2022-2028 (IN $ MILLION)
FIGURE
11: LATIN AMERICA ROBOTIC WELDING MARKET, BY ARC, 2021 & 2028 (IN %)
FIGURE
12: MECHANISM OF MIG TECHNOLOGY IN ROBOTIC WELDING
FIGURE
13: LATIN AMERICA ROBOTIC WELDING MARKET, BY MIG, 2022-2028 (IN $ MILLION)
FIGURE
14: MECHANISM OF TIG TECHNOLOGY IN ROBOTIC WELDING
FIGURE
15: LATIN AMERICA ROBOTIC WELDING MARKET, BY TIG, 2022-2028 (IN $ MILLION)
FIGURE
16: LATIN AMERICA ROBOTIC WELDING MARKET, BY LASER, 2022-2028 (IN $ MILLION)
FIGURE
17: LATIN AMERICA ROBOTIC WELDING MARKET, BY PLASMA, 2022-2028 (IN $ MILLION)
FIGURE
18: LATIN AMERICA ROBOTIC WELDING MARKET, BY OTHER WELDING TYPES, 2022-2028 (IN
$ MILLION)
FIGURE
19: LATIN AMERICA ROBOTIC WELDING MARKET, BY INDUSTRY VERTICAL, 2021 & 2028
(IN %)
FIGURE
20: LATIN AMERICA ROBOTIC WELDING MARKET, BY METALS & MACHINERY, 2022-2028
(IN $ MILLION)
FIGURE
21: LATIN AMERICA ROBOTIC WELDING MARKET, BY ELECTRICAL & ELECTRONICS,
2022-2028 (IN $ MILLION)
FIGURE
22: LATIN AMERICA ROBOTIC WELDING MARKET, BY AUTOMOTIVE & TRANSPORTATION,
2022-2028 (IN $ MILLION)
FIGURE
23: LATIN AMERICA ROBOTIC WELDING MARKET, BY OTHER INDUSTRY VERTICALS,
2022-2028 (IN $ MILLION)
FIGURE
24: LATIN AMERICA ROBOTIC WELDING MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN
%)
FIGURE
25: BRAZIL ROBOTIC WELDING MARKET 2022-2028 (IN $ MILLION)
FIGURE
26: MEXICO ROBOTIC WELDING MARKET 2022-2028 (IN $ MILLION)
FIGURE
27: REST OF LATIN AMERICA ROBOTIC WELDING MARKET 2022-2028 (IN $ MILLION)