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.
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.
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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.
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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
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