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At a CAGR of 6.0% between 2023 and 2030, the global welding equipment market is forecast to develop from a 2022 valuation of USD 18,831.26 mln.
Demand for welding equipment in sectors such as shipbuilding, offshore exploration, oil & gas, aerospace, automotive, construction, and energy has led to significant market growth in recent years. Consumers' preference for mechanical over manual tools is also contributing to the welding equipment market's expansion. The welding equipment market is highly dependent on end-use industries like the automotive, aerospace, transportation, and construction sectors, all of which are struggling to function as usual because of the pandemic.
Metals and thermoplastics can be permanently joined together using welding equipment. Electric arcs, gas flames, electron beams, electric resistance, friction, electron beams, lasers, ultrasonic, and molten metal baths are just a few of the many welding methods available. Welders employ protective gear including welding helmets, gloves, blankets, and more to deal with the high temperatures, sparks, glare, and splatter that are inevitable during the process. Additionally, welding tables and accessories are utilized to increase productivity and precision while welding.
Metals and thermoplastics can be welded together in a variety of applications in manufacturing and assembly settings. Metals and thermoplastics can be fused together at their intersections. The process of welding is always developing further. Welding technologies (SAW) include methods like Shielded Metal Arc Welding (SMAW), Gas Tungsten Arc Welding (GTAW), Gas Metal Arc Welding (GMAW), Flux-Cored Arc Welding (FCAW), and Submerged Arc Welding (SAW).
Most welders are familiar with arc welding and resistance welding. Stick welding In arc welding, the metal between the workpieces is heated to a molten state using either AC or DC power, resulting in a fusion weld. There are two main types of arc welding, consumable and non-consumable. Welding processes that use consumable materials include gas metal arc welding, shielded metal arc welding, flux cored arc welding, submerged arc welding, electro-slag welding, and arc stud welding. Tungsten inert gas welding (TIG) and plasma arc welding (PAW) are two examples of non-consumable techniques. Because of this, welding is applicable to many fields, including the automotive, construction, heavy engineering, and small workshop sectors.
Welding can also be performed automatically with the help of robots or by hand. There are a number of benefits to manual welding, including increased adaptability and lower costs. For instance, the cost-effectiveness of workshops can be improved by raising or decreasing the number of welders based on the number of active welding projects. In addition, there are two subsets of automatic welding: fully automated welding and semi-automatic welding. Fully automatic welding is performed by machines that transport the workpieces to be welded from beginning to end, while semi-automatic welding requires human intervention at both the loading and unloading stages. The automobile and aerospace industries rely heavily on automatic welding for high-precision welding procedures. As a result, the welding equipment market is expanding due in large part to the adaptability of welding machinery.
There are regional differences in demand for and potential expansion of the global welding equipment market. Because of the existence of key end-use industries in the region, North America is a market powerhouse. The region's dedication to cutting-edge technology and automation has resulted in the widespread use of cutting-edge welding equipment. The welding equipment market in North America is expanding, driven in part by the increasing need for energy and infrastructure projects. With its robust industrial sector, Europe is another promising market for welding equipment. Welding equipment is in high demand because of the region's emphasis on renewable energy initiatives, automobile production, and infrastructure construction. Europe's market is expanding because of the region's strict safety standards and the demand for high-quality welds in sectors such as oil and gas and petrochemicals.
COVID-19 had a major effect on the market for welding tools, supplies, and materials. Several countries' factories had to close in the early stages of the epidemic as governments implemented severe lockdowns to stop the spread of the virus. After the lockdown was removed and limitations were eased, welding material manufacturers were able to continue manufacturing operations, albeit in a restricted capacity and subject to stringent regulations. Since most demand is linked to end-use industries, which are also struggling to operate during the epidemic, the demand for welding equipment, accessories, and consumables has declined. As a result of the lockdowns, many ongoing construction projects and activities were halted, including government infrastructure projects.
Report Coverage
Global Welding Equipment research report categorizes the market for global based on various segments and regions, forecasts rexxx venue growth, and analyzes trends in each submarket. Global Welding Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Welding Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Welding Equipment market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Welding Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Welding Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Doosan Corporation (South Korea), Amada (India) Pvt. Ltd (India), Makino (Japan), JTEKT Corporation (Japan), Georg Fischer Ltd (Switzerland), Komatsu NTC (Japan), Okuma Corporation (Japan), HYUNDAI WIA CORP (South Korea), CHIRON Group SE (Germany), MAG IAS Gmbh (Germany), Haas Automation, Inc (US), GROB-WERKE GmbH & CO.KG (Germany), SPINNER machine tool factory GmbH (Germany), YAMAZAKI Mazak Corporation (Japan), DMG MORI (Germany)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Welding Equipment market based on the below-mentioned segments:
Global Welding Equipment Market, By Process Type
Arc Welding
Braze Welding
Forge Welding
Gas Welding
Resistance Welding
Welding Consumables
Others
Global Welding Equipment market, By Application
Residential
Commercial
Industrial
Global Welding Equipment Market, By End User
Oil & Gas
Automotive
Aviation & Shipbuilding
Power
Chemicals
Mining
Construction
Others
Global Welding Equipment market, Regional Analysis
Demand for welding equipment in sectors such as shipbuilding, offshore exploration, oil & gas, aerospace, automotive, construction, and energy has led to significant market growth in recent years. Consumers' preference for mechanical over manual tools is also contributing to the welding equipment market's expansion. The welding equipment market is highly dependent on end-use industries like the automotive, aerospace, transportation, and construction sectors, all of which are struggling to function as usual because of the pandemic.
Metals and thermoplastics can be permanently joined together using welding equipment. Electric arcs, gas flames, electron beams, electric resistance, friction, electron beams, lasers, ultrasonic, and molten metal baths are just a few of the many welding methods available. Welders employ protective gear including welding helmets, gloves, blankets, and more to deal with the high temperatures, sparks, glare, and splatter that are inevitable during the process. Additionally, welding tables and accessories are utilized to increase productivity and precision while welding.
Metals and thermoplastics can be welded together in a variety of applications in manufacturing and assembly settings. Metals and thermoplastics can be fused together at their intersections. The process of welding is always developing further. Welding technologies (SAW) include methods like Shielded Metal Arc Welding (SMAW), Gas Tungsten Arc Welding (GTAW), Gas Metal Arc Welding (GMAW), Flux-Cored Arc Welding (FCAW), and Submerged Arc Welding (SAW).
Most welders are familiar with arc welding and resistance welding. Stick welding In arc welding, the metal between the workpieces is heated to a molten state using either AC or DC power, resulting in a fusion weld. There are two main types of arc welding, consumable and non-consumable. Welding processes that use consumable materials include gas metal arc welding, shielded metal arc welding, flux cored arc welding, submerged arc welding, electro-slag welding, and arc stud welding. Tungsten inert gas welding (TIG) and plasma arc welding (PAW) are two examples of non-consumable techniques. Because of this, welding is applicable to many fields, including the automotive, construction, heavy engineering, and small workshop sectors.
Welding can also be performed automatically with the help of robots or by hand. There are a number of benefits to manual welding, including increased adaptability and lower costs. For instance, the cost-effectiveness of workshops can be improved by raising or decreasing the number of welders based on the number of active welding projects. In addition, there are two subsets of automatic welding: fully automated welding and semi-automatic welding. Fully automatic welding is performed by machines that transport the workpieces to be welded from beginning to end, while semi-automatic welding requires human intervention at both the loading and unloading stages. The automobile and aerospace industries rely heavily on automatic welding for high-precision welding procedures. As a result, the welding equipment market is expanding due in large part to the adaptability of welding machinery.
There are regional differences in demand for and potential expansion of the global welding equipment market. Because of the existence of key end-use industries in the region, North America is a market powerhouse. The region's dedication to cutting-edge technology and automation has resulted in the widespread use of cutting-edge welding equipment. The welding equipment market in North America is expanding, driven in part by the increasing need for energy and infrastructure projects. With its robust industrial sector, Europe is another promising market for welding equipment. Welding equipment is in high demand because of the region's emphasis on renewable energy initiatives, automobile production, and infrastructure construction. Europe's market is expanding because of the region's strict safety standards and the demand for high-quality welds in sectors such as oil and gas and petrochemicals.
COVID-19 had a major effect on the market for welding tools, supplies, and materials. Several countries' factories had to close in the early stages of the epidemic as governments implemented severe lockdowns to stop the spread of the virus. After the lockdown was removed and limitations were eased, welding material manufacturers were able to continue manufacturing operations, albeit in a restricted capacity and subject to stringent regulations. Since most demand is linked to end-use industries, which are also struggling to operate during the epidemic, the demand for welding equipment, accessories, and consumables has declined. As a result of the lockdowns, many ongoing construction projects and activities were halted, including government infrastructure projects.
Report Coverage
Global Welding Equipment research report categorizes the market for global based on various segments and regions, forecasts rexxx venue growth, and analyzes trends in each submarket. Global Welding Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Welding Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Welding Equipment market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Doosan Corporation (South Korea), Amada (India) Pvt. Ltd (India), Makino (Japan), JTEKT Corporation (Japan), Georg Fischer Ltd (Switzerland), Komatsu NTC (Japan), Okuma Corporation (Japan), HYUNDAI WIA CORP (South Korea), CHIRON Group SE (Germany), MAG IAS Gmbh (Germany), Haas Automation, Inc (US), GROB-WERKE GmbH & CO.KG (Germany), SPINNER machine tool factory GmbH (Germany), YAMAZAKI Mazak Corporation (Japan), DMG MORI (Germany) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Welding Equipment Market from 2021 to 2030.
- Market Forecast for Welding Equipment Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Welding Equipment competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Welding Equipment
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Welding Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Welding Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Doosan Corporation (South Korea), Amada (India) Pvt. Ltd (India), Makino (Japan), JTEKT Corporation (Japan), Georg Fischer Ltd (Switzerland), Komatsu NTC (Japan), Okuma Corporation (Japan), HYUNDAI WIA CORP (South Korea), CHIRON Group SE (Germany), MAG IAS Gmbh (Germany), Haas Automation, Inc (US), GROB-WERKE GmbH & CO.KG (Germany), SPINNER machine tool factory GmbH (Germany), YAMAZAKI Mazak Corporation (Japan), DMG MORI (Germany)
Primary Target Market
- Market Players of Welding Equipment
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Welding Equipment market based on the below-mentioned segments:
Global Welding Equipment Market, By Process Type
Arc Welding
Braze Welding
Forge Welding
Gas Welding
Resistance Welding
Welding Consumables
Others
Global Welding Equipment market, By Application
Residential
Commercial
Industrial
Global Welding Equipment Market, By End User
Oil & Gas
Automotive
Aviation & Shipbuilding
Power
Chemicals
Mining
Construction
Others
Global Welding Equipment market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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