1 World Welding Cobots Market Production Value Analysis by Manufacturer (2019-2024)
From 2019 to 2024, the production value of welding cobots by various manufacturers has shown significant growth. Universal Robots has experienced the most substantial increase, starting from $49.16 million in 2019 and projected to reach $157.13 million by 2024. This indicates a strong market presence and rapid expansion in the welding cobot industry. Other notable manufacturers include KUKA and ABB, which have also seen their production values increase over the years, with KUKA growing from $9.87 million to a forecasted $28.79 million, and ABB starting from $0 and projected to reach $30.94 million by 2024. This data reflects the competitive landscape and the growing importance of welding cobots in the manufacturing sector.
Looking at the production values in 2024, it’s clear that the welding cobot market is expected to continue its upward trajectory. Companies like AUBO (BEIJING) ROBOTICS and Neurmeka also show promising growth, with AUBO increasing from $0.47 million to a projected $11.35 million, and Neurmeka from $1.27 million to $8.35 million. These figures suggest that there is a growing demand for welding cobots, and manufacturers are investing in research and development to meet this demand. The market is diversifying, with new players entering and established players expanding their production capacities, indicating a vibrant and evolving industry.
Table World Welding Cobots Production Value by Manufacturer (2019-2024) & (USD Million)
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Universal Robots | 49.16 | 57.79 | 79.90 | 103.19 | 126.61 | 157.13 |
ABB | 0.00 | 0.00 | 5.83 | 16.78 | 22.83 | 30.94 |
KUKA | 9.87 | 11.65 | 15.17 | 18.18 | 19.64 | 28.79 |
Doosan robotics | 4.32 | 8.03 | 10.15 | 13.69 | 14.65 | 17.50 |
AUBO (BEIJING) ROBOTICS | 0.47 | 1.24 | 3.56 | 5.70 | 7.08 | 11.35 |
Neuromeka | 1.27 | 2.33 | 3.78 | 5.09 | 6.29 | 8.35 |
Kawasaki Heavy Industries | 0.82 | 1.35 | 1.69 | 3.97 | 4.70 | 6.68 |
Motoman | 1.53 | 1.48 | 1.91 | 3.10 | 3.91 | 5.11 |
Shenzhen Han’s Robot | 0.00 | 0.00 | 0.43 | 2.46 | 3.72 | 4.47 |
Arc Specialties | 0.69 | 1.23 | 1.95 | 2.72 | 3.45 | 4.63 |
Lincoln Electric | 0.47 | 0.84 | 1.10 | 1.59 | 2.04 | 3.48 |
Fanuc | 0.58 | 0.52 | 0.84 | 1.60 | 1.43 | 2.08 |
Rozum Robotics | 0.11 | 0.21 | 0.33 | 0.75 | 1.02 | 1.19 |
2 World Welding Cobots Market Production Analysis by Manufacturer (2019-2024)
The production of welding cobots by various manufacturers has shown a significant increase from 2019 to 2024. Universal Robots leads the market with a substantial growth, from 1091 units in 2019 to a projected 4932 units in 2024. This growth underscores the company’s dominance in the welding cobot industry. Other manufacturers such as ABB, which started from zero production in 2019, are also making strides, with a projected production of 748 units by 2024. KUKA and Doosan Robotics have also demonstrated consistent growth, with KUKA increasing from 248 to 996 units and Doosan Robotics from 113 to 562 units over the same period. This data indicates a growing market for welding cobots and the expanding presence of multiple manufacturers in this field.
Notably, AUBO (BEIJING) ROBOTICS has seen a substantial increase from 31 units in 2019 to a projected 1139 units in 2024. Similarly, Shenzhen Han’s Robot has gone from zero production in 2019 to a projected 370 units in 2024. These figures suggest a rapidly expanding market and the entry of new players, indicating a dynamic and competitive industry landscape. The growth in production units aligns with the increasing adoption of automation in manufacturing processes, highlighting the importance of welding cobots in modern industrial applications.
Table World Welding Cobots Production by Manufacturer (2019-2024) (Units)
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024F |
Universal Robots | 1091 | 1287 | 2037 | 3005 | 3937 | 4932 |
ABB | 0 | 0 | 117 | 372 | 536 | 748 |
KUKA | 248 | 312 | 418 | 587 | 695 | 996 |
Doosan robotics | 113 | 215 | 284 | 429 | 495 | 562 |
AUBO (BEIJING) ROBOTICS | 31 | 84 | 289 | 510 | 689 | 1139 |
Neuromeka | 31 | 59 | 93 | 148 | 195 | 274 |
Kawasaki Heavy Industries | 21 | 35 | 47 | 105 | 136 | 187 |
Motoman | 43 | 45 | 60 | 93 | 125 | 168 |
Shenzhen Han’s Robot | 0 | 0 | 32 | 189 | 296 | 370 |
Arc Specialties | 16 | 30 | 47 | 65 | 84 | 114 |
Lincoln Electric | 14 | 27 | 39 | 54 | 69 | 119 |
Fanuc | 23 | 24 | 39 | 76 | 66 | 95 |
Rozum Robotics | 3 | 6 | 9 | 22 | 28 | 32 |
3 World Welding Cobots Market Average Price Analysis by Manufacturer (2019-2024)
The average price of welding cobots by various manufacturers has shown a general downward trend from 2019 to 2024. Universal Robots, for instance, has seen a decrease from $45.1K per unit in 2019 to a projected $31.9K in 2024. Similarly, ABB has reduced its average price from $58.0K to a projected $41.4K over the same period. This trend suggests a potential increase in competition and technological advancements leading to lower production costs and more affordable cobots in the market. KUKA and Doosan Robotics also follow this pattern, with KUKA’s average price dropping from $39.8K to $28.9K and Doosan Robotics from $38.2K to $31.1K. These reductions in price could be indicative of market saturation and the need for manufacturers to remain competitive by adjusting their pricing strategies.
Table World Welding Cobots Average Price by Manufacturer (2019-2024) (K USD/Unit)
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024F |
Universal Robots | 45.1 | 44.9 | 39.2 | 34.3 | 32.2 | 31.9 |
ABB | 58.0 | 57.3 | 49.9 | 45.1 | 42.6 | 41.4 |
KUKA | 39.8 | 37.3 | 36.3 | 31.0 | 28.3 | 28.9 |
Doosan robotics | 38.2 | 37.4 | 35.8 | 31.9 | 29.6 | 31.1 |
AUBO (BEIJING) ROBOTICS | 15.1 | 14.7 | 12.3 | 11.2 | 10.3 | 10.0 |
Neuromeka | 41.0 | 39.5 | 40.6 | 34.4 | 32.3 | 30.5 |
Kawasaki Heavy Industries | 39.2 | 38.5 | 35.9 | 37.9 | 34.6 | 35.7 |
Motoman | 35.5 | 32.8 | 31.9 | 33.3 | 31.3 | 30.4 |
Shenzhen Han’s Robot | 14.6 | 13.3 | 13.5 | 13.0 | 12.6 | 12.1 |
Arc Specialties | 43.4 | 41.1 | 41.6 | 41.9 | 41.1 | 40.6 |
Lincoln Electric | 33.7 | 31.0 | 28.3 | 29.4 | 29.6 | 29.2 |
Fanuc | 25.3 | 21.8 | 21.7 | 21.0 | 21.7 | 21.8 |
Rozum Robotics | 37.0 | 35.5 | 36.4 | 34.2 | 36.3 | 37.2 |
4 Universal Robots
4.1 Universal Robots Details and Major Business
Universal Robots develops and sells industrial robots that automate and streamline, monotonous, and mundane industrial processes. They enable the production department to assign their staff to jobs they enjoy; jobs that provide them with a challenge and add value to the company.
Table Universal Robots Basic Information
Item | Description | |
1 | Company Name | Universal Robots |
2 | Website | |
3 | Established Time | 2005 |
4 | Head Office | Denmark |
5 | Market Distribution | Worldwide |
4.2 Universal Robots Welding Cobots Sales, Price, Value, Gross Margin (2019-2024)
Universal Robots has demonstrated a consistent growth trajectory in the welding cobot market from 2019 to 2024, with increasing sales, revenue, and gross margin. The company’s sales have risen from 1091 units in 2019 to a projected 4932 units in 2024, reflecting a strong market penetration and demand for their products. Correspondingly, the revenue has also seen a substantial increase from $49.16 million to a forecasted $157.13 million, indicating a robust financial performance. Despite a slight decrease in the average price per unit over the years, Universal Robots has managed to maintain a healthy gross margin, which fluctuates around 44%, showcasing their ability to control costs and maintain profitability. This financial data underscores Universal Robots’ leadership in the welding cobot market and their strategic management of pricing and cost efficiency.
Table Universal Robots Welding Cobots Sales, Price, Sales Value, Gross Margin and Market Share (2019-2024)
Universal Robots | 2019 | 2020 | 2021 | 2022 | 2023 | 2024F |
Sales (Units) | 1091 | 1287 | 2037 | 3005 | 3937 | 4932 |
Price (K USD/Unit) | 45.1 | 44.9 | 39.2 | 34.3 | 32.2 | 31.9 |
Revenue (M USD) | 49.16 | 57.79 | 79.90 | 103.19 | 126.61 | 157.13 |
Gross (M USD) | 21.68 | 28.14 | 35.51 | 45.37 | 53.72 | 72.29 |
Gross Margin | 44.11% | 48.70% | 44.44% | 43.97% | 42.42% | 46.01% |
4.3 Universal Robots Recent Developments/Updates
Table Universal Robots Recent Developments/Updates
Item | Description |
Universal Robots (UR) Debuts the World’s First Cobot Spot Welder and New Cobot-Powered Palletizing and Machine Tending Cells at Automate 2023 May 17, 2023 | Universal Robots (UR) is not only the most widely used collaborative robot arm in the manufacturing industry, the UR cobots have also become the platform of choice for a fast-growing ecosystem of innovative OEM solutions. Nowhere is that more apparent than this year’s Automate, where 60+ UR cobots has exhibited in more than 30 booths at the show, taking place in Detroit, MI, May 22-25, 2023. UR’s Automate booth #3623 showcases the latest innovation in a rapidly expanding application field, including the world’s first cobot spot welder, designed and manufactured by Pro Spot International. While other welding technologies such as MIG welding have become popular choices for collaborative robots, spot welding has up until now been prohibitive for cobots due to the weight of the weld gun and the complexity of the welds. With the new i5s resistance spot welder, Pro Spot has developed a lightweight solution, delivering 2-3x more manufacturing capacity than manual spot welding. Another manual welding tool now incorporated in a cobot application is the new rotational positioner from THG Automation, addressing any welder who ever struggled to weld circular or odd-shaped parts. Both welding partners—along with many other UR integrators, OEM partners, distributors, and customers—are eagerly looking to incorporate the new UR20 cobot into their applications for added reach and payload capabilities. The award-winning UR20 with 20kg payload and 1750 mm reach starts shipping later this summer and will be showcased at the UR booth in a machine tending application, loading and unloading heavy workpieces into a machine fixture. |
