The metal fabrication robots market is expected to record a CAGR of 18.51% during the forecast period 2022-2032, up from US$ 24.35 Billion in the year 2022 to reach a valuation of US$ 133.06 Billion by 2032.
| Report Attributes | Details |
| CAGR | 18.51% |
| Value (2022) | US$ 24.35 Billion |
| Value (2032) | US$ 133.06 Billion |
The metal fabrication robots market is anticipated to show promising growth prospects in the forecasted period 2022-2032.
The recent increase in the adoption of metal fabrication robots is partly due to improved affordability and impressive return on investment. Also, the increasing capability of robots to handle harsh environments is anticipated to upsurge the market growth for metal fabrication robots in the near future.
According to a recent study, the automotive industry is expected to introduce high-tech metal fabrication robots in the upcoming years. There is an increase in automation processes such as welding, forming, laser cutting, loading and unloading, press tending, and powder coating guns because of the growing demand. For instance, ABB Robotsics’ new car body framing system, GateFramer, is designed to handle up to six different models on the same line. This helps manufacturers move to a more flexible and efficient production concept.
The Industrial Revolution stimulated the need for metal fabrication, particularly for printing presses, railroad lines, and weapons. Some robots comprise Artificial Intelligence (AI) components, to avoid repeating the setup process prior to beginning various types of work, as well as to enhance their performance. These factors are expected to fuel the growth of the metal fabrication robots market growth over the coming years.
However, high installation costs associated with metal fabrication robots and also timely maintenance are some of the key factors that are hampering the growth of the market. Furthermore, a skilled technician is required for operating the metal fabrication robots as well as for their maintenance which will increase the cost of the fabrication process. This factor is responsible for the slow adoption of metal fabrication robots in small and mid-sized industries.
The upsurge in the adoption of advanced automated technologies, especially in the manufacturing industry, creates lucrative opportunities, especially in the Asia Pacific region. Most of the manufacturers in East Asia and South Asia are embracing the automation process for metal fabrication as it is cost-effective and simpler to operate.
There is significant growth in disposable income in the metal fabrication robots market in China and India, as well as a rise in the automobile and manufacturing industry. These factors are deemed to offer lucrative opportunities for market growth.
Furthermore, the global demand for customized machinery and automobiles, as well as fast production capacity with high precision, is a growing trend in regions such as North America and Europe. As a result, North America and Europe are expected to be the most promising regions for the metal fabrication robots market.
Metal fabrication is a process of creating metal components using various applications such as cutting, bending, welding, burning, forming, machining and assembling. The rising use of welding robots in the automotive, electrical & electronics industries coupled with the introduction of innovative materials like carbon fibers and composites in the industrial processes, is estimated to gain impetus in the metal fabrication robots in the upcoming years.
Among the advantages of metal fabrication robots are that they improve production efficiency, have a high accuracy rate, and reduce failure rates. Moreover, to ensure quality with cost optimization as well as to increase profits and maintain market competitiveness, the adoption of these robots is increasing in various end-use industries including automotive, construction & infrastructure, aerospace, and shipbuilding.
The global metal fabrication robots market has numerous small-scale and international manufacturers at the regional level. Few industry players are identified across the value chain of the global metal fabrication robots market, which are ABB, Fanuc, Kawasaki Heavy Industries, KUKA, Yaskawa Motoman, Denso Wave, Durr AG, Eisenmann, Fabricating Machine Technology, Kawasaki Heavy Industries, Mitsubishi Electric, Omron Adept Technologies, Panasonic, Staubli, Toshiba Machine, Rethink Robotsics, and Universal Robots.
| Report Attribute | Details |
| Growth rate | CAGR of 18.51% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 - 2021 |
| Forecast period | 2022 - 2032 |
| Quantitative units | Revenue in US$ Million/ Billion and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Product Type, Application, End Use & Region |
| Regional scope | North America (U.S., Canada); Latin America (Mexico, Brazil); North America (U.S., Canada); Latin America (Mexico, Brazil); Western Europe (Germany, Italy, France, U.K, Spain); Eastern Europe (Poland, Russia); Asia Pacific (China, India, ASEAN, Australia & New Zealand); Japan; Middle East and Africa (GCC Countries, S. Africa, Northern Africa) |
| Country scope | U.S., Canada, Mexico, Brazil, U.S., Canada, Mexico, Brazil, Germany, Italy, France, U.K, Spain, Poland, Russia, China, India, ASEAN, Australia & New Zealand, Japan, GCC Countries, S. Africa, Northern Africa |
| Key companies profiled | ABB, Fanuc, Kawasaki Heavy Industries, KUKA, Yaskawa Motoman, Denso Wave, Durr AG, Eisenmann, Fabricating Machine Technology, Kawasaki Heavy Industries, Mitsubishi Electric, Omron Adept Technologies, Panasonic, Staubli, Toshiba Machine, Rethink Robotsics, Universal Robots |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The metal fabrication robots market is expected to record a CAGR of 18.51% during the forecast period 2022-2032, up from US$ 24.35 Billion in the year 2022 to reach a valuation of US$ 133.06 Billion by 2032
Key players holding substantial market share are ABB, Fanuc, Kawasaki Heavy Industries, KUKA, Yaskawa Motoman, Denso Wave, Durr AG, Eisenmann, Fabricating Machine Technology, Kawasaki Heavy Industries, Mitsubishi Electric, Omron Adept Technologies, Panasonic, Staubli, Toshiba Machine, Rethink Robotsics, Universal Robots.
As per the analysis, the metal fabrication robots market share is likely to be US$ 133.06 Billion by 2032.
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Metal Fabrication Robots Market
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