Electric Welding Machine Market by Technology (Arc Welding Machines, Metal Inert Gas Welding Machines, Resistance Welding Machines), Power Supply Type (Alternating Current Welding Machines, Direct Current Welding Machines), Operation Type, End-USe - Globa

Electric Welding Machine Market by Technology (Arc Welding Machines, Metal Inert Gas Welding Machines, Resistance Welding Machines), Power Supply Type (Alternating Current Welding Machines, Direct Current Welding Machines), Operation Type, End-USe - Globa

The Electric Welding Machine Market size was estimated at USD 5.52 billion in 2023 and expected to reach USD 5.93 billion in 2024, at a CAGR 7.81% to reach USD 9.35 billion by 2030.

An electric welding machine is a tool to join metal parts together using electricity. When the machine is operated, it generates heat through an electrical current. This heat is then applied to the metal parts that need to be joined, causing the metal at the joint to melt and fuse as it cools, forming a strong bond. These machines can vary in size, ranging from small, portable units suitable for home use to large, industrial machines used in manufacturing and construction. Electric welding machines are essential in creating durable structures and products by effectively joining metal components without the need for mechanical fasteners such as screws, nails, or bolts. The electric welding machine market is experiencing growth owing to the expansion of global infrastructure projects, which drives demand for these machines, crucial in constructing durable and reliable structures. The shipping industry's growing reliance on these machines for repair and manufacturing contributes significantly to market growth, highlighting the diverse applications of electric welding machines in various sectors. The increasing need for precision in welding, especially with new and advanced metals, propels market growth as electric welding machines provide the required accuracy. However, the growth of the electric welding machine market is hindered by the significant upfront costs and ongoing expenses for maintenance and repairs associated with these machines. The growing shift toward automating welding processes and constructing sustainable energy infrastructure, such as solar panels and wind turbines, presents significant growth opportunities in the electric welding machine market.

Regional Insights

In the Americas, particularly in the United States, the electric welding machine market is driven by robust industrial sectors such as automotive, construction, and manufacturing. There is also a significant demand for advanced welding technologies, including automated and semi-automated electric welding machines, to improve efficiency and productivity. Canada and Brazil also represent significant markets, with infrastructure projects and energy sector developments fueling the demand for welding equipment. The electric welding machine market is showcasing rapid growth in the Asia-Pacific region, particularly in countries including China, India, and Japan, propelled by expansive infrastructure projects, booming automotive industries, and a flourishing manufacturing sector. Consumer goods production has also increased the demand for welding machines. Innovations in technology and increased investments in regional research and development have produced high-efficiency and cost-effective welding solutions. The electric welding machine market in the EMEA region is experiencing growth, driven by the increasing demand for manufacturing and construction activities. The European market for electric welding machines is advanced, strongly emphasizing innovation, quality, and environmental sustainability. The region strongly emphasizes high-quality and precision welding technologies, with a surge in demand for electric welding machines that offer enhanced controls and are energy efficient. The Middle East, particularly countries such as the UAE and Saudi Arabia, showcases the potential for growth driven by infrastructural developments and the oil & gas sector. Africa showcases a demand for welding machines fueled by construction and infrastructural projects.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Electric Welding Machine Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing infrastructure development projects worldwide
Burgeoning need for accuracy and precision in welding new metals
Growing demand for electric welding machines from shipping industry

Market Restraints

High initial investment, maintenance, and repair costs

Market Opportunities

Ongoing trend toward the automation of welding processes
Construction of solar panels, wind turbines, and other green energy infrastructure

Market Challenges

Energy consumption and safety concerns

Market Segmentation Analysis

Technology: Growing demand for metal inert gas (MIG) welding machines owing to their versatility in welding various metals with ease and efficiency
End-Use: Widening use of electric welding machines in construction to efficiently join metal components for creating secure and durable structures

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Electric Welding Machine Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Electric Welding Machine Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Miller Launched the Millermatic 142, A Versatile MIG Welder

Miller expanded its welding solutions portfolio with the launch of the Millermatic 142 MIG welder. Designed for both novice and experienced welders, this model features advanced auto-set controls that simplify setup and usage, enhancing efficiency across various applications. The welder supports various materials, including thin and medium-thickness metals, making it suitable for multiple industries such as automotive and construction.

DAIHEN Acquired LORCH to Boost Automation in European Welding Industry

DAIHEN Corporation acquired LORCH, a German welding equipment manufacturer based in Auenwald. This acquisition signifies a major strategic move, enhancing DAIHEN's footprint in Europe and paving the way for sustained collaborative growth. DAIHEN unveils plans to advance automation in European markets by supplying high-performance arc welding robots to LORCH, complementing a strategic collaboration that includes sharing automation expertise. This partnership is expected to empower LORCH's sales network, enabling the exploration of new business opportunities while providing robust support to clients aiming to innovate in their operational processes.

Kemppi Launched Advanced Robotic Welder To Enhance Precision and Efficiency in Industrial Manufacturing

Kemppi launched a new robotic welding machine, showcasing significant technological advancements to optimize welding efficiency and quality in industrial applications. This innovative machine integrates seamlessly into existing production systems, supporting various manufacturing processes with its versatility. Enhanced with advanced software and robotics technology, the machine offers increased precision in welding tasks, improving product durability and consistency.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Electric Welding Machine Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Electric Welding Machine Market, highlighting leading vendors and their innovative profiles. These include Ador Welding Limited, AMADA WELD TECH Inc., Cruxweld Industrial Equipments Private Limited, D.H. Enterprises, DAIHEN Corporation, ESAB Corporation, Fronius International GmbH, Hangzhou Kaierda Welding Robot Co., Ltd., IBELL TOOLS, Illinois Tool Works Inc., Kemppi Oy, Migatronic A/S, Obara Corporation, Panasonic Corporation, Shanghai Hugong Electric (Group) Co., Ltd., Shanghai WTL Welding Equipment Manufacture Co., Ltd., Sonics & Materials Inc., The Lincoln Electric Company, voestalpine Böhler Welding Group GmbH, Welding Alloys Group, and Zhejiang Kende Mechanical & Electrical Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Electric Welding Machine Market to forecast the revenues and analyze trends in each of the following sub-markets:

Technology
Arc Welding Machines
Metal Inert Gas Welding Machines
Resistance Welding Machines
Tungsten Inert Gas Welding Machines
Power Supply Type
Alternating Current Welding Machines
Direct Current Welding Machines
Operation Type
Automatic Welding Machines
Manual Welding Machines
Semi-Automatic Welding Machines
End-USe
Aerospace
Automotive
Construction
Manufacturing
Shipbuilding
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year