The metal fabrication robots market is expected to record a CAGR of 18.51% during the forecast period 2022-2030, up from US$ 24.35 Billion in the year 2022 to reach a valuation of US$ 133.06 Billion by 2030.
Recent growth in the use of metal manufacturing robots is partially attributable to their increased affordability and strong return on investment. Additionally, it is projected that the market for metal manufacturing robots would develop faster in the near future due to robots’ improving capacity to withstand hostile environments.
A recent study predicts that in the coming years, the automotive sector will use sophisticated metal fabricating robots. Due to the increased demand, more procedures are becoming automated, including welding, forming, laser cutting, loading and unloading, press tending, and powder coating guns. For instance, the GateFramer vehicle body framing system from ABB Robotics is intended to work with up to six distinct models on the same line. This supports the transition of manufacturers to a flexible and effective production approach.
The necessity for metal manufacture increased during the Industrial Revolution, especially for printing presses, railroads, and firearms. Some robots have artificial intelligence (AI) components to improve performance and prevent having to repeat setup procedures before beginning different sorts of work. In the upcoming years, these factors are anticipated to fuel the market for metal fabrication robots.
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Global Metal Fabrication Robots Market: Major Players
Denso Wave
Omron Adept Technologies
Rethink Robotics
Fabricating Machine Technology
Kawasaki Heavy Industries
Kawasaki Heavy Industries
Eisenmann
ABB
Dürr
Stäubli
KUKA
Universal Robots
FANUC
Panasonic
Mitsubishi Electric
Yaskawa Motoman
Toshiba Machine
Global Metal Fabrication Robots Market: By Types
Iron-Based
Cobalt-Based
Others
Global Metal Fabrication Robots Market: By Applications
Distribution Transformer
Electric Machinery
Electronic Components
Others
Robots used in metal fabrication have many benefits, including increased production efficiency, high accuracy rates, and decreased failure rates. Moreover, the use of these robots is growing in a variety of end-use industries, including automotive, construction & infrastructure, aerospace, and shipbuilding, in order to guarantee quality while minimising costs, as well as to boost profits and preserve market competitiveness.
Increased industrial robot adoption, offline programming, rising need for metal fabrication robots in the automotive industry, and a lack of skilled personnel are key factors that are predicted to drive demand for the worldwide metal fabrication robot market during the forecast period. On the other hand, high installation costs and a lack of standards may restrain the metal manufacturing robot market’s expansion. Opportunities in the market are created by technological development and rising R&D spending on product design.
For careful observation and research on the Metal Fabrication Robot market, both primary and secondary research methodologies are used. In order to obtain crucial information on the syndicated as well as consulting projects, the primary research methodology incorporates commercial agreements formed with the primary respondents as well as consulting partners. To keep up with the most recent market trends and changes, we regularly conduct primary interviews with the stakeholders from various industry verticals. These interviews are done in accordance with ongoing studies. Key thought leaders have validated the estimated market size, present trends, and future trends (KOLs). These KOLs are CXO-level executives from top firms in the sector and have an average of 10 to 20 years of experience.
The restrictions and shut-down of international industry during the epidemic had an impact on manufacturers of metal manufacturing robots. Transport limitations had an impact on import and export facilities. Exports, large-scale manufacturing, transportation, and industrial plant closures were all negatively impacted by the epidemic. In consequence, this constrained the market for metal fabricating robots.
