Robotic Welding Market Size
Market Size in USD Bn
CAGR10.2%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 10.2% |
| Market Concentration | Medium |
| Major Players | Yaskawa Electric Corporation, Kuka AG, ABB Ltd., Panasonic Corporation, Fanuc Corporation and Among Others |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Robotic Welding Market Analysis
The robotic welding market is estimated to be valued at USD 9.49 Bn in 2024 and is expected to reach USD 18.73 Bn by 2031, growing at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031. The trend in the robotic welding market has been positive over the past few years with major automobile and electronics manufacturers incorporating more automation in their assembly lines using robotic welding solutions.