Market by Payload Capacity, Welding Type, Industry Vertical, and Country Outlook | Forecast 2022-2028
Triton Market Research’s study has concluded that the robotic welding market in North America would progress with a CAGR of 8.99% in the forecasted period from 2022 to 2028.
The countries assessed in this region include:
• The United States
• Canada
The
United States is the leading market in North America, with the highest share in
2021. Companies such as Ford, Chevrolet, General
Motors, Volkswagen, Dodge, Tesla, Toyota, Hyundai, Honda, Renault, and others, have
a significant number of manufacturing facilities in the region. This is a key
reason for the high adoption rate of welding robotics.
However, the initial
investment required as well as maintenance cost for employing automated systems
is high due to the incorporation of high-quality hardware and an efficient
software control system, which is creating a hindrance for this region’s
market. Also, the lack of skilled laborers is another challenge for the robotic
welding market in North America.
The United States is a largely
industrially-developed nation. Automotive, metals, and construction are among
the leading industries here, which are highly inclined towards the adoption of
advanced technology. This has enhanced the adoption of welding robots in the
country.
Apart
from these industries, the pharmaceutical, electronics, consumer goods, and
other sectors are also enhancing their emphasis on procuring advanced robotics such
as welding robotics. These developments indicate an
overall positive outlook for the studied market in the coming years.
Meanwhile, the
government of Canada is focusing on strengthening the manufacturing sector in
the country by offering tax benefits. As a result, companies from several
verticals are investing heavily for setting up manufacturing facilities in
Canada.
For instance, in 2021, General
Motors and Ford announced investing $1 billion and $1.2 billion to set up EV
facilities in Ontario. The automobile industry is a key end-user of robotic
welding systems, which is expected to drive the market growth in the country.
The metal inert gas or MIG
process is known for its high speed, resulting in shorter lead times and lower
production costs. In addition, it is easier to create welds requiring little to
no cleaning and finishing.
Triton’s
report assesses the market based on welding type, industry vertical, and
payload capacity. Here, the welding type
segment comprises spot, plasma, arc, laser, and other welding types. The arc sub-segment
is further divided as per TIG and MIG.
Some
eminent players in the robotic welding market include Nachi-Fujikoshi Corp,
Hyundai Motor, IGM Robotersysteme AG, Daihen Corporation, Denso Corporation,
Lincoln Electric Holdings Inc, Kemppi Oy, and Siasun Robot & Automation Co
Ltd.
Miller Electric is a US-based
welding equipment manufacturing company. It caters to construction, aviation,
motorsports, education, agriculture and marine applications. Millermatic 141
and Maxstar® 161 STL are some of the key products in the company’s portfolio. Founded
in 1929, Miller Electric is headquartered in Milwaukee, Wisconsin.
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 North
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 Analysis Model
·
A
wide-ranging study of factors that will challenge the North 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. NORTH
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. NORTH
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. NORTH
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. NORTH
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. NORTH
AMERICA ROBOTIC WELDING MARKET – COUNTRY OUTLOOK
6.1. UNITED
STATES
6.2. CANADA
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: NORTH 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: NORTH AMERICA ROBOTIC
WELDING MARKET, BY PAYLOAD CAPACITY, 2022-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA ROBOTIC
WELDING MARKET, BY WELDING TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA ROBOTIC
WELDING MARKET, BY ARC, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA ROBOTIC
WELDING MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH 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: NORTH AMERICA ROBOTIC WELDING MARKET, BY PAYLOAD CAPACITY, 2021 & 2028
(IN %)
FIGURE
5: NORTH AMERICA ROBOTIC WELDING MARKET, BY LESS THAN 50 KG, 2022-2028 (IN $
MILLION)
FIGURE
6: NORTH AMERICA ROBOTIC WELDING MARKET, BY 50 KG TO 150 KG, 2022-2028 (IN $
MILLION)
FIGURE
7: NORTH AMERICA ROBOTIC WELDING MARKET, BY MORE THAN 150 KG, 2022-2028 (IN $
MILLION)
FIGURE
8: NORTH AMERICA ROBOTIC WELDING MARKET, BY WELDING TYPE, 2021 & 2028 (IN
%)
FIGURE
9: NORTH AMERICA ROBOTIC WELDING MARKET, BY SPOT, 2022-2028 (IN $ MILLION)
FIGURE
10: NORTH AMERICA ROBOTIC WELDING MARKET, BY ARC, 2022-2028 (IN $ MILLION)
FIGURE
11: NORTH AMERICA ROBOTIC WELDING MARKET, BY ARC, 2021 & 2028 (IN %)
FIGURE
12: MECHANISM OF MIG TECHNOLOGY IN ROBOTIC WELDING
FIGURE
13: NORTH AMERICA ROBOTIC WELDING MARKET, BY MIG, 2022-2028 (IN $ MILLION)
FIGURE
14: MECHANISM OF TIG TECHNOLOGY IN ROBOTIC WELDING
FIGURE
15: NORTH AMERICA ROBOTIC WELDING MARKET, BY TIG, 2022-2028 (IN $ MILLION)
FIGURE
16: NORTH AMERICA ROBOTIC WELDING MARKET, BY LASER, 2022-2028 (IN $ MILLION)
FIGURE
17: NORTH AMERICA ROBOTIC WELDING MARKET, BY PLASMA, 2022-2028 (IN $ MILLION)
FIGURE
18: NORTH AMERICA ROBOTIC WELDING MARKET, BY OTHER WELDING TYPES, 2022-2028 (IN
$ MILLION)
FIGURE
19: NORTH AMERICA ROBOTIC WELDING MARKET, BY INDUSTRY VERTICAL, 2021 & 2028
(IN %)
FIGURE
20: NORTH AMERICA ROBOTIC WELDING MARKET, BY METALS & MACHINERY, 2022-2028
(IN $ MILLION)
FIGURE
21: NORTH AMERICA ROBOTIC WELDING MARKET, BY ELECTRICAL & ELECTRONICS,
2022-2028 (IN $ MILLION)
FIGURE
22: NORTH AMERICA ROBOTIC WELDING MARKET, BY AUTOMOTIVE & TRANSPORTATION,
2022-2028 (IN $ MILLION)
FIGURE
23: NORTH AMERICA ROBOTIC WELDING MARKET, BY OTHER INDUSTRY VERTICALS,
2022-2028 (IN $ MILLION)
FIGURE
24: NORTH AMERICA ROBOTIC WELDING MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN
%)
FIGURE
25: UNITED STATES ROBOTIC WELDING MARKET 2022-2028 (IN $ MILLION)
FIGURE
26: CANADA ROBOTIC WELDING MARKET 2022-2028 (IN $ MILLION)