Welding Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

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)