Automotive and Transportation Segment to Dominate Asia-Pacific Robotic Welding Market during 2019–2028

According to a new market research study on “Asia-Pacific Robotic Welding Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Payload, and End-User,” is expected to reach US$ 8,350.41 million by 2028 from US$ 3,240.24 million in 2021. The market is estimated to grow at a CAGR of 14.5% from 2021 to 2028. The emergence of laser and plasma welding technologies is the major factor driving the growth of the Asia-Pacific robotic welding market. However, high initial costs associated with the installation of welding robots may hinder the growth of Asia-Pacific robotic welding market. The report provides trends prevailing in the Asia-Pacific robotic welding market along with the drivers and restraints pertaining to the market growth.

China, Japan, India, South Korea, and India are among the countries that have many electronics & automotive manufacturers and end-users. Despite the economic crisis in 2020, the deployment of the industrial robot market in Asia-Pacific grew by 7% from 249,598 units in 2019. End-users from countries such as China, South Korea, Singapore, Japan, Taiwan, and Malaysia showcased growth in the adoption of industrial robotics, including robotic welding, in 2020. However, end-users from countries such as India, Thailand, and Vietnam observed a drop in the deployment of industrial robotics, including robotic welding. Further, owing to containment measures enacted by the government, the supply side of robotics manufacturers, including the robotic welding, were marginally affected till Q3 of 2020; however, the supply chain was stabilized from Q4 of 2020.

The Asia-Pacific robotic welding market segmented by type, payload, end-user, and country. Based on type, the Asia-Pacific robotic welding market is segmented into spot welding, arc welding, and others. In 2020, the spot welding segment held the largest share Asia-Pacific robotic welding market. Based on payload, the Asia-Pacific 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 Asia-Pacific robotic welding market. Based on end-user, the Asia-Pacific 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 Asia-Pacific robotic welding market. Similarly, based on country, the market is segmented into China, India, Japan, South Korea, and the Rest of Asia-Pacific. China contributed a substantial share in 2020. 

ABB; Fanuc Corporation; Kawasaki Heavy Industries, Ltd.; Kuka AG; NACHI FUJIKOSHI CORP; OTC DAIHEN; Panasonic Corporation; and Yaskawa Electric Corporation are among the leading companies in the Asia-Pacific 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 2020, ABB India opens a new robotics facility in Bengaluru.

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