Summary

Welding Equipment Market Growth & Trends

The global welding equipment market is anticipated to reach USD 27.77 billion by 2030 and is anticipated to expand at a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for welding equipment is fueled by growing consumer preference for automated devices such as robotic welding equipment and laser welding techniques in comparison to manual ones. The majority of the demand for welding equipment is associated with end-use industries such as automotive, aerospace, transportation, and construction, which are also experiencing operational difficulties owing to macro-economic factors.

According to HIS Markit, new vehicle sales accounted for 82.4 million globally in 2022, which is up by 3.7% in 2021. The continually increasing demand for automobiles worldwide is anticipated to increase the demand for tools and robots in the automotive industry. This, in turn, is expected to boost the demand for welding equipment over the projected period.

Heavy industries, building & construction, and transportation are among the important end-use industries of welding equipment. In the transportation sector, welding equipment is commonly utilized to fabricate various vehicle body components. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), in 2022, the worldwide output of vehicles was 81,628,533 units. Innovations and technical advancements, such as automation, robotics, IIoT, and others, in the automotive sector to meet rising customer demand are anticipated to increase the demand for welding equipment. In addition, the increasing sales of electric vehicles are expected to further propel the adoption of the welding equipment industry in the coming years.

The rise in construction activities globally, coupled with swift urbanization in developing nations like China, India, Brazil, and those in the Middle East and Africa, is poised to propel the expansion of the construction sector. Increased disposable incomes and enhanced consumer spending capabilities are expected to drive investment in new building construction. Furthermore, government initiatives emphasizing urban planning and infrastructure development in multiple countries are likely to provide additional momentum to the growth of the construction sector. Consequently, the positive trajectory of the construction industry is anticipated to have a favorable impact on the expansion of the market.

Welding Equipment Market Report Highlights

• In 2023, automatic welding equipment dominated the global market, accounting for 56.4% of the total revenue share. This dominance is attributed to its capacity to enhance productivity, reduce cycle duration, and improve efficiency in welding processes. The widespread adoption of automatic welding equipment on a global scale has surged in recent years, driven by its ability to achieve rapid weld cycle times, deliver high output, and substantially lower welding costs

• In 2023, the arc welding technology segment held the largest share of the global revenue in 2023. The growing prevalence of arc welding technology can be attributed to its inherent characteristics, including flexibility and adaptability to diverse conditions. Notably, continuous advancements in robotic arc welding play a pivotal role in propelling the growth of the arc welding segment within the welding equipment market

• The aerospace end-use segment is projected to witness growth at the fastest CAGR from 2024 to 2030 owing to the growing applications in aerospace manufacturing, including heating elements, circuit board traces, electronic components, actuators, fine ribbon welding, inductors, mesh welding, and hybrid micro-weld devices

• Asia Pacific dominated the global market on account of the robust automotive industry. Increasing demand for electric and hybrid cars is expected to benefit the demand for welding equipment

• In February 2023, Miller Electric Mfg. LLC launched the miller Deltaweld 852, Deltaweld 402, Deltaweld 602, welding machines in Southeast Asia. These machines specifically cater

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Welding Equipment Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Concentration & Growth Prospect Mappin
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Outlook
3.3.2. Manufacturing Outlook
3.3.3. End-user Outlook
3.4. Regulatory Framework
3.5. Technology Framework
3.6. Impact of Free Trade Agreements
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.2. Market Restraint Analysis
3.7.3. Industry Challenges
3.7.4. Industry Opportunities
3.8. Industry Analysis Tools
3.8.1. Porter’s Five Forces Analysis
3.8.2. Macro-environmental Analysis
3.9. Economic Mega Trend Analysis
Chapter 4. Welding Equipment Market: Technology Estimates & Trend Analysis
4.1. Technology Movement Analysis & Market Share, 2023 & 2030
4.2. Welding Equipment Market Estimates & Forecast, By Technology, 2018 to 2030 (USD Billion)
4.3. Arc Welding
4.3.1. Arc Welding Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.3.1.1. Arc Welding Market Revenue Estimates and Forecasts, By Type, 2018 - 2030 (USD Billion)
4.4. Resistance Welding
4.4.1. Resistance Welding Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.5. Laser Beam Welding
4.5.1. Laser Beam Welding Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.6. Oxy-Fuel Welding
4.6.1. Oxy-Fuel Welding Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.7. Others
4.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Welding Equipment Market: Type Estimates & Trend Analysis
5.1. Type Movement Analysis & Market Share, 2023 & 2030
5.2. Welding Equipment Market Estimates & Forecast, By Type, 2018 to 2030 (USD Billion)
5.3. Automatic
5.3.1. Automatic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.4. Semi-automatic
5.4.1. Semi-automatic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.5. Spray technologies
5.5.1. Spray technologies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.6. Manual
5.6.1. Manual Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Welding Equipment Market: End-use Estimates & Trend Analysis
6.1. Type Movement Analysis & Market Share, 2023 & 2030
6.2. Welding Equipment Market Estimates & Forecast, By End-use, 2018 to 2030 (USD Billion)
6.3. Aerospace
6.3.1. Aerospace Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4. Automotive
6.4.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5. Building & Construction
6.5.1. Building & Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6. Energy
6.6.1. Energy Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.7. Oil & Gas
6.7.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.8. Marine
6.8.1. Marine Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.9. Others
6.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Welding Equipment Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2023 & 2030
7.2. North America
7.2.1. North America Welding Equipment Market Estimates & Forecast, 2018 - 2030 (USD Billion)
7.2.2. U.S.
7.2.2.1. Key country dynamics
7.2.2.2. U.S. welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.2.3. Canada
7.2.3.1. Key country dynamics
7.2.3.2. Canada welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.2.4. Mexico
7.2.4.1. Key country dynamics
7.2.4.2. Mexico welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.3. Europe
7.3.1. Europe Welding Equipment Market Estimates & Forecast, 2018 - 2030 (USD Billion)
7.3.2. Germany
7.3.2.1. Key country dynamics
7.3.2.2. Germany welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.3.3. France
7.3.3.1. Key country dynamics
7.3.3.2. France welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.3.4. UK
7.3.4.1. Key country dynamics
7.3.4.2. UK welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.3.5. Spain
7.3.5.1. Key country dynamics
7.3.5.2. Spain welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.3.6. Italy
7.3.6.1. Key country dynamics
7.3.6.2. Italy welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.4. Asia Pacific
7.4.1. Asia Pacific Welding Equipment Market Estimates & Forecast, 2018 - 2030 (USD Billion)
7.4.2. China
7.4.2.1. Key country dynamics
7.4.2.2. China welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.4.3. Japan
7.4.3.1. Key country dynamics
7.4.3.2. Japan welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.4.4. South Korea
7.4.4.1. Key country dynamics
7.4.4.2. South Korea welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.4.5. India
7.4.5.1. Key country dynamics
7.4.5.2. India welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.4.6. Australia
7.4.6.1. Key country dynamics
7.4.6.2. Australia welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.5. Central & South America
7.5.1. Central & South America Welding Equipment Market Estimates & Forecast, 2018 - 2030 (USD Billion)
7.5.2. Brazil
7.5.2.1. Key country dynamics
7.5.2.2. Brazil welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.5.3. Argentina
7.5.3.1. Key country dynamics
7.5.3.2. Argentina welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.6. Middle East & Africa
7.6.1. Middles East & Africa Welding Equipment Market Estimates & Forecast, 2018 - 2030 (USD Billion)
7.6.2. South Africa
7.6.2.1. Key country dynamics
7.6.2.2. South Africa welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
7.6.3. Saudi Arabia
7.6.3.1. Key country dynamics
7.6.3.2. South Africa welding equipment market estimates & forecast, 2018 - 2030 (USD Billion)
Chapter 8. Welding Equipment Market - Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company Categorization
8.3. Company Market Share Analysis
8.4. Company Market Positioning
8.5. Company Heat Map Analysis
8.6. Strategy Mapping
8.6.1. Expansion
8.6.2. Mergers & Acquisition
8.6.3. Partnerships & Collaborations
8.6.4. New Product Launches
8.6.5. Research And Development
8.7. Company Profiles
8.7.1. The Lincoln Electric Company
8.7.1.1. Participant’s overview
8.7.1.2. Financial performance
8.7.1.3. Product benchmarking
8.7.1.4. Recent developments
8.7.2. ACRO Automation Systems, Inc
8.7.2.1. Participant’s overview
8.7.2.2. Financial performance
8.7.2.3. Product benchmarking
8.7.2.4. Recent developments
8.7.3. Miller Electric Mfg. LLC
8.7.3.1. Participant’s overview
8.7.3.2. Financial performance
8.7.3.3. Product benchmarking
8.7.3.4. Recent developments
8.7.4. Ador Welding Limited
8.7.4.1. Participant’s overview
8.7.4.2. Financial performance
8.7.4.3. Product benchmarking
8.7.4.4. Recent developments
8.7.5. Mitco Weld Products Pvt. Ltd.
8.7.5.1. Participant’s overview
8.7.5.2. Financial performance
8.7.5.3. Product benchmarking
8.7.5.4. Recent developments
8.7.6. voestalpine Böhler Welding Group GmbH
8.7.6.1. Participant’s overview
8.7.6.2. Financial performance
8.7.6.3. Product benchmarking
8.7.6.4. Recent developments
8.7.7. Carl Cloos Schweisstechnik GmbH
8.7.7.1. Participant’s overview
8.7.7.2. Financial performance
8.7.7.3. Product benchmarking
8.7.7.4. Recent developments
8.7.8. OTC DAIHEN Inc.
8.7.8.1. Participant’s overview
8.7.8.2. Financial performance
8.7.8.3. Product benchmarking
8.7.8.4. Recent developments
8.7.9. Illinois Tool Works Inc.
8.7.9.1. Participant’s overview
8.7.9.2. Financial performance
8.7.9.3. Product benchmarking
8.7.9.4. Recent developments
8.7.10. Panasonic Industry Co., Ltd.
8.7.10.1. Participant’s overview
8.7.10.2. Financial performance
8.7.10.3. Product benchmarking
8.7.10.4. Recent developments
8.7.11. Coherent, Inc.
8.7.11.1. Participant’s overview
8.7.11.2. Financial performance
8.7.11.3. Product benchmarking
8.7.11.4. Recent developments
8.7.12. ESAB
8.7.12.1. Participant’s overview
8.7.12.2. Financial performance
8.7.12.3. Product benchmarking
8.7.12.4. Recent developments
8.7.13. Polysoude S.A.S.
8.7.13.1. Participant’s overview
8.7.13.2. Financial performance
8.7.13.3. Product benchmarking
8.7.13.4. Recent developments
8.7.14. Kemppi Oy.
8.7.14.1. Participant’s overview
8.7.14.2. Financial performance
8.7.14.3. Product benchmarking
8.7.14.4. Recent developments
8.7.15. Cruxweld Industrial Equipments Pvt. Ltd.
8.7.15.1. Participant’s overview
8.7.15.2. Financial performance
8.7.15.3. Product benchmarking
8.7.15.4. Recent developments