Welding Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Growth Factors of the Welding Equipment Market
The welding equipment market size was valued at USD 11.58 billion in 2018, and the market is now projected tgrow from USD 11.58 billion in 2018 tUSD 28.75 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period of 2018-2032.
The COVID-19 pandemic had a large impact on the welding equipment market growth due tboth challenges and possibilities. In the early degrees of the pandemic, the market experienced disruptions due tmanufacturing facility shutdowns, delivery chain interruptions, and reduced calls from key sectors like car, construction, and aerospace, which saw a decline in manufacturing and challenge delays. However, the marketplace additionally saw a shift toward the call for welding equipment in industries crucial tthe pandemic response, which includes healthcare, for manufacturing scientific devices and infrastructure. Furthermore, the publish-pandemic recovery segment caused increased investments in automation and virtual welding technology, driving a lengthy-term boom in the market. As industries commenced tstabilise and get better, the market confirmed symptoms of resurgence, specifically with the expanded recognition of infrastructure development and production in key regions.
Frequently used welding approaches which are followed inside automobile packages are normally called resistance spot welding, resistance seam welding, rotary friction welding, laser beam welding, medium frequency welding and plenty of others. Welding equipment performs a vital function inside the car industry by presenting strong electricity inside the additives, which in turn results in optimum safety. Hence, the growing increase of the car enterprise will, in the end, have an effect on the growth of the welding equipment market share. This growth is attributed because of the exponential usage of welding equipment in the car enterprise across the globe.
Additionally, the Robotic era enables a reduction of the time of welding operation by using welding disjoint metals tshape an excessive precision welded factor. This welding method is ordinarily used in excessive quantity packages, mainly in automobile, building and creation, and heavy engineering sectors.
Comprehensive Analysis of the Welding Equipment Market
The welding equipment market is segmented by way of era, automation kind, and alertness. Key technologies include arc welding, resistance spot welding, MIG/TIG welding, and laser beam welding, with arc welding anticipated tgrow because of its price-effectiveness and versatility. Automation is labelled as automatic, semi-automated, and manual, with computerised welding driven with the aid of the upward push of robot systems and AI improvements. The marketplace serves industries like automobile, construction, heavy engineering, and shipbuilding, with heavy engineering keeping the most important percentage because of the call for high-precision welding systems for the production of huge components.
Asia-Pacific dominated the welding equipment market with a market percentage of 34.45% in 2018.Asia Pacific is projected tshow off the best boom in welding system marketplace value across the globe. The emerging production industry throughout China and India, attributable tthe increasing authorities’ tasks thelp the world improve, will pressure the market demand in the Asia Pacific.
The international welding device marketplace capabilities key gamers consisting of The Lincoln Electric Company (USA), ESAB (Sweden), Miller Electric Mfg. LLC (USA), Deny(Japan), Air Liquide (France), KOBE STEEL, LTD. (Japan), Ador Welding Ltd. (India), and ACRO Automation Systems Inc. (Canada). These groups are prominent in advancing welding technologies and imparting solutions across numerous industries globally.
In Sep 2023 - ESAB introduced the Renegade Volt ES 200i, a pioneering battery-powered welding device developed with Stanley Black and Decker. Powered via four DeWalt Flexvolt 12 Ah batteries, it provides a robust 150A stick output totally on battery power. Additionally, it seamlessly connects t120V t230V primary strength, offering an excellent 200A welding output on 230V, marking a significant bounce in the transportable welding era.
Segmentation Table
Global Welding equipment Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 6.3% from 2024-2032
Historical Period 2015-2017
Unit Value (USD Billion)
Segmentation By Technology, automation type, application and Region
By Technology
Arc Welding
Resistance Welding
MIG/TIG Welding
Laser Beam Welding
Others (Oxy-fuel Welding, etc.)
By automation type
Automatic
Semi-Automatic
Manual
By application
Automobile
Building & Construction
Heavy Engineering
Railway & Shipbuilding
Others (Oil & Gas, etc.)
By Region
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy and Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America)
The welding equipment market size was valued at USD 11.58 billion in 2018, and the market is now projected tgrow from USD 11.58 billion in 2018 tUSD 28.75 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period of 2018-2032.
The COVID-19 pandemic had a large impact on the welding equipment market growth due tboth challenges and possibilities. In the early degrees of the pandemic, the market experienced disruptions due tmanufacturing facility shutdowns, delivery chain interruptions, and reduced calls from key sectors like car, construction, and aerospace, which saw a decline in manufacturing and challenge delays. However, the marketplace additionally saw a shift toward the call for welding equipment in industries crucial tthe pandemic response, which includes healthcare, for manufacturing scientific devices and infrastructure. Furthermore, the publish-pandemic recovery segment caused increased investments in automation and virtual welding technology, driving a lengthy-term boom in the market. As industries commenced tstabilise and get better, the market confirmed symptoms of resurgence, specifically with the expanded recognition of infrastructure development and production in key regions.
Frequently used welding approaches which are followed inside automobile packages are normally called resistance spot welding, resistance seam welding, rotary friction welding, laser beam welding, medium frequency welding and plenty of others. Welding equipment performs a vital function inside the car industry by presenting strong electricity inside the additives, which in turn results in optimum safety. Hence, the growing increase of the car enterprise will, in the end, have an effect on the growth of the welding equipment market share. This growth is attributed because of the exponential usage of welding equipment in the car enterprise across the globe.
Additionally, the Robotic era enables a reduction of the time of welding operation by using welding disjoint metals tshape an excessive precision welded factor. This welding method is ordinarily used in excessive quantity packages, mainly in automobile, building and creation, and heavy engineering sectors.
Comprehensive Analysis of the Welding Equipment Market
The welding equipment market is segmented by way of era, automation kind, and alertness. Key technologies include arc welding, resistance spot welding, MIG/TIG welding, and laser beam welding, with arc welding anticipated tgrow because of its price-effectiveness and versatility. Automation is labelled as automatic, semi-automated, and manual, with computerised welding driven with the aid of the upward push of robot systems and AI improvements. The marketplace serves industries like automobile, construction, heavy engineering, and shipbuilding, with heavy engineering keeping the most important percentage because of the call for high-precision welding systems for the production of huge components.
Asia-Pacific dominated the welding equipment market with a market percentage of 34.45% in 2018.Asia Pacific is projected tshow off the best boom in welding system marketplace value across the globe. The emerging production industry throughout China and India, attributable tthe increasing authorities’ tasks thelp the world improve, will pressure the market demand in the Asia Pacific.
The international welding device marketplace capabilities key gamers consisting of The Lincoln Electric Company (USA), ESAB (Sweden), Miller Electric Mfg. LLC (USA), Deny(Japan), Air Liquide (France), KOBE STEEL, LTD. (Japan), Ador Welding Ltd. (India), and ACRO Automation Systems Inc. (Canada). These groups are prominent in advancing welding technologies and imparting solutions across numerous industries globally.
In Sep 2023 - ESAB introduced the Renegade Volt ES 200i, a pioneering battery-powered welding device developed with Stanley Black and Decker. Powered via four DeWalt Flexvolt 12 Ah batteries, it provides a robust 150A stick output totally on battery power. Additionally, it seamlessly connects t120V t230V primary strength, offering an excellent 200A welding output on 230V, marking a significant bounce in the transportable welding era.
Segmentation Table
Global Welding equipment Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 6.3% from 2024-2032
Historical Period 2015-2017
Unit Value (USD Billion)
Segmentation By Technology, automation type, application and Region
By Technology
Arc Welding
Resistance Welding
MIG/TIG Welding
Laser Beam Welding
Others (Oxy-fuel Welding, etc.)
By automation type
Automatic
Semi-Automatic
Manual
By application
Automobile
Building & Construction
Heavy Engineering
Railway & Shipbuilding
Others (Oil & Gas, etc.)
By Region
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy and Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America)
Table of Contents
140 Pages
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Approach
- 1.3. Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Drivers, Restraints and Opportunities
- 3.2. Emerging Trends
- 4. Key Insights
- 4.1. Macro and Micro Economic Indicators
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Porter’s Five Forces Analysis
- 5. Global Welding Equipment Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Sizing Estimations and Forecasts – By Technology (Value)
- 5.2.1. Arc Welding
- 5.2.2. Resistance Welding
- 5.2.3. MIG/TIG Welding
- 5.2.4. Laser Beam Welding
- 5.2.5. Others (Oxy-fuel Welding, etc.)
- 5.3. Market Sizing Estimations and Forecasts – By Automation Type (Value)
- 5.3.1. Automatic
- 5.3.2. Semi-Automatic
- 5.3.3. Manual
- 5.4. Market Sizing Estimations and Forecasts – By Application (Value)
- 5.4.1. Automobile
- 5.4.2. Building & Construction
- 5.4.3. Heavy Engineering
- 5.4.4. Railway & Shipbuilding
- 5.4.5. Others (Oil & Gas, etc.)
- 5.5. Market Analysis, Insights and Forecast – By Region (Value)
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Middle East & Africa
- 5.5.5. Latin America
- 6. North America Welding Equipment Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Sizing Estimations and Forecasts – By Technology (Value)
- 6.2.1. Arc Welding
- 6.2.2. Resistance Welding
- 6.2.3. MIG/TIG Welding
- 6.2.4. Laser Beam Welding
- 6.2.5. Others (Oxy-fuel Welding, etc.)
- 6.3. Market Sizing Estimations and Forecasts – By Automation Type (Value)
- 6.3.1. Automatic
- 6.3.2. Semi-Automatic
- 6.3.3. Manual
- 6.4. Market Sizing Estimations and Forecasts – By Application (Value)
- 6.4.1. Automobile
- 6.4.2. Building & Construction
- 6.4.3. Heavy Engineering
- 6.4.4. Railway & Shipbuilding
- 6.4.5. Others (Oil & Gas, etc.)
- 6.5. Market Analysis, Insights and Forecast – By Country (Value)
- 6.5.1. U.S.
- 6.5.2. Canada
- 7. Europe Welding Equipment Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Sizing Estimations and Forecasts – By Technology (Value)
- 7.2.1. Arc Welding
- 7.2.2. Resistance Welding
- 7.2.3. MIG/TIG Welding
- 7.2.4. Laser Beam Welding
- 7.2.5. Others (Oxy-fuel Welding, etc.)
- 7.3. Market Sizing Estimations and Forecasts – By Automation Type (Value)
- 7.3.1. Automatic
- 7.3.2. Semi-Automatic
- 7.3.3. Manual
- 7.4. Market Sizing Estimations and Forecasts – By Application (Value)
- 7.4.1. Automobile
- 7.4.2. Building & Construction
- 7.4.3. Heavy Engineering
- 7.4.4. Railway & Shipbuilding
- 7.4.5. Others (Oil & Gas, etc.)
- 7.5. Market Analysis, Insights and Forecast – By Country (Value)
- 7.5.1. U.K.
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Rest of Europe
- 8. Asia Pacific Welding Equipment Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Sizing Estimations and Forecasts – By Technology (Value)
- 8.2.1. Arc Welding
- 8.2.2. Resistance Welding
- 8.2.3. MIG/TIG Welding
- 8.2.4. Laser Beam Welding
- 8.2.5. Others (Oxy-fuel Welding, etc.)
- 8.3. Market Sizing Estimations and Forecasts – By Automation Type (Value)
- 8.3.1. Automatic
- 8.3.2. Semi-Automatic
- 8.3.3. Manual
- 8.4. Market Sizing Estimations and Forecasts – By Application (Value)
- 8.4.1. Automobile
- 8.4.2. Building & Construction
- 8.4.3. Heavy Engineering
- 8.4.4. Railway & Shipbuilding
- 8.4.5. Others (Oil & Gas, etc.)
- 8.5. Market Analysis, Insights and Forecast – By Country (Value)
- 8.5.1. China
- 8.5.2. Japan
- 8.5.3. India
- 8.5.4. Southeast Asia
- 8.5.5. Rest of Asia Pacific
- 9. Middle East and Africa Welding Equipment Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Sizing Estimations and Forecasts – By Technology (Value)
- 9.2.1. Arc Welding
- 9.2.2. Resistance Welding
- 9.2.3. MIG/TIG Welding
- 9.2.4. Laser Beam Welding
- 9.2.5. Others (Oxy-fuel Welding, etc.)
- 9.3. Market Sizing Estimations and Forecasts – By Automation Type (Value)
- 9.3.1. Automatic
- 9.3.2. Semi-Automatic
- 9.3.3. Manual
- 9.4. Market Sizing Estimations and Forecasts – By Application (Value)
- 9.4.1. Automobile
- 9.4.2. Building & Construction
- 9.4.3. Heavy Engineering
- 9.4.4. Railway & Shipbuilding
- 9.4.5. Others (Oil & Gas, etc.)
- 9.5. Market Analysis, Insights and Forecast – By Country (Value)
- 9.5.1. GCC
- 9.5.2. South Africa
- 9.5.3. Rest of Middle East & Africa
- 10. Latin America Welding Equipment Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Sizing Estimations and Forecasts – By Technology (Value)
- 10.2.1. Arc Welding
- 10.2.2. Resistance Welding
- 10.2.3. MIG/TIG Welding
- 10.2.4. Laser Beam Welding
- 10.2.5. Others (Oxy-fuel Welding, etc.)
- 10.3. Market Sizing Estimations and Forecasts – By Automation Type (Value)
- 10.3.1. Automatic
- 10.3.2. Semi-Automatic
- 10.3.3. Manual
- 10.4. Market Sizing Estimations and Forecasts – By Application (Value)
- 10.4.1. Automobile
- 10.4.2. Building & Construction
- 10.4.3. Heavy Engineering
- 10.4.4. Railway & Shipbuilding
- 10.4.5. Others (Oil & Gas, etc.)
- 10.5. Market Analysis, Insights and Forecast – By Country (Value)
- 10.5.1. Brazil
- 10.5.2. Mexico
- 10.5.3. Rest of Latin America
- 11. Global Market Share Analysis, By Key Players, 2018
- 12. Competition Matrix
- 12.1. Business Strategies Adopted by Leading Players
- 12.2. Comparison Matrix
- 13. Company Profile
- 13.1. The Lincoln Electric Company
- 13.1.1. Overview
- 13.1.2. Product Portfolio
- 13.1.3. Financials
- 13.1.4. Recent Developments
- 13.2. ESAB
- 13.2.1. Overview
- 13.2.2. Product Portfolio
- 13.2.3. Financials
- 13.2.4. Recent Developments
- 13.3. Miller Electric Mfg. LLC
- 13.3.1. Overview
- 13.3.2. Product Portfolio
- 13.3.3. Financials
- 13.3.4. Recent Developments
- 13.4. Denyo
- 13.4.1. Overview
- 13.4.2. Product Portfolio
- 13.4.3. Financials
- 13.4.4. Recent Developments
- 13.5. Air Liquide
- 13.5.1. Overview
- 13.5.2. Product Portfolio
- 13.5.3. Financials
- 13.5.4. Recent Developments
- 13.6. KOBE STEEL, LTD.
- 13.6.1. Overview
- 13.6.2. Product Portfolio
- 13.6.3. Financials
- 13.6.4. Recent Developments
- 13.7. Ador Welding Ltd.
- 13.7.1. Overview
- 13.7.2. Product Portfolio
- 13.7.3. Financials
- 13.7.4. Recent Developments
- 13.8. ACRO Automation Systems Inc.
- 13.8.1. Overview
- 13.8.2. Product Portfolio
- 13.8.3. Financials
- 13.8.4. Recent Developments
- 13.9. voestalpine Böhler Welding GmbH
- 13.9.1. Overview
- 13.9.2. Product Portfolio
- 13.9.3. Financials
- 13.9.4. Recent Developments
- 13.10. Panasonic Industry Europe GmbH
- 13.10.1. Overview
- 13.10.2. Product Portfolio
- 13.10.3. Financials
- 13.10.4. Recent Developments "
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