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Metal Fabrication Robots Market

Market Insights on Metal Fabrication Robots covering sales outlook, demand forecast & up-to-date key trends

Metal Fabrication Robots Market by Product Type, Application, End Use & Region - Forecast 2022 - 2032

Metal Fabrication Robots Market Outlook

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.

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What are the Key Drivers to the Metal Fabrication Robots Market Share?

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.

Which Region holds the Highest Growth Potential in the Metal Fabrication Robots Market?

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.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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How is the Competitive Landscape in 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 Scope

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.

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Key Segments Profiled in Metal Fabrication Robots Market

By Robots Type:

  • Cartesian Robots
  • Articulated Robots
  • SCARA Robots

By Application:

  • Assembly
  • Cutting
  • Welding & Soldering
  • Forming
  • Surface Treatment & Finishing

By End Use Industry:

  • Automotive
  • Construction & Infrastructure
  • Aerospace
  • Ship Building
  • Power Generation

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific 
  • Japan
  • Middle East & Africa 

Frequently Asked Questions

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.

Amorphous Metal Cores are being increasingly used in transformers and inverters, which is leading to the market's growth.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Metal Fabrication Robots Market