Welding Equipment Market Strategic Insights 2021-2031
The Welding Equipment Market is expected to register a CAGR of 5.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The market is segmented into by Type and End User. The Type segment is divided into Arc welding, Resistance welding, Oxyfuel welding, Ultrasonic welding, Others. Based on End-user , the market is segmented into Aerospace, Automotive and transport, Construction, Power generation, Oil and gas, Others.
Purpose of the ReportThe report Welding Equipment Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Welding Equipment Market Segmentation
Type- Arc welding
- Resistance welding
- Oxyfuel welding
- Ultrasonic welding
- Others
- Aerospace
- Automotive and transport
- Construction
- Power generation
- Oil and gas
- Others
- Cement
- Ore and mineral processing
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Welding Equipment Market Growth Drivers- Industrial Development: The demand for welding equipment is being significantly driven by the rapid expansion of sectors such as automobile, aerospace, and construction. As these industries continue to grow, they place increasing requirements on manufacturing processes, particularly in welding, which plays a crucial role in joining materials and ensuring the structural integrity of various products. The automobile sector is experiencing a robust surge due to the rising global demand for vehicles, driven by population growth and urbanization. This demand necessitates the production of a higher volume of vehicles, which in turn requires advanced welding solutions that can deliver superior speed and quality.
- Technological Advancements: Recent innovations in welding technology, such as robotic welding, automation, and laser welding, are transforming the industry by providing highly precise solutions with minimal human intervention. These technological advancements not only support faster production cycles but also enhance the overall quality of welds while significantly reducing operational costs. Laser welding technology offers unparalleled precision, making it ideal for applications that require intricate designs and tight tolerances. This method produces minimal heat-affected zones, reducing distortion and improving the structural integrity of the welded components.
- Energy Efficiency Demand: As industries globally shift towards sustainability and energy efficiency, there is an increasing demand for energy-efficient welding equipment. This movement is not only a response to regulatory pressures but also reflects a broader commitment to reducing environmental impacts and operational costs. Companies across various sectors are recognizing the importance of adopting sustainable practices in their operations. The drive for sustainability encompasses a range of initiatives, including minimizing waste, conserving energy, and reducing carbon footprints. In the context of welding, this means investing in equipment and processes that contribute to these goals while maintaining high-quality standards.
- Robotic Welding Systems: Automation is increasingly dominating industries as companies adopt robotic welding systems for high-volume, precision applications. These advanced systems provide enhanced speed, consistency, and flexibility while reducing reliance on human labor. Additionally, they significantly improve the quality and safety of manufactured products, particularly in the automotive and manufacturing sectors, where precision and reliability are essential.
- Portable welding solutions: The rising demand for portable, lightweight welding equipment is driven by the growing need for onsite repair and maintenance in remote areas and construction sites. This trend enhances mobility and flexibility for welding personnel, allowing them to operate efficiently outside of fixed facilities and respond quickly to various welding needs in diverse environments.
- Expansion in Emerging Markets: The increase in infrastructure projects, urbanization, and industrial growth in Asia-Pacific, Latin America, and Africa also provides great growth opportunities to welding equipment manufacturers. The same regions need high-tech welding solutions to cater to ever-increasing construction, automobile, and manufacturing requirements.
- Growth in Renewable Energy: The push for renewable energy sources, including solar, wind, and hydrogen, is a very promising opportunity for welding equipment since these sectors require specialized equipment to build and maintain infrastructure. Welding solutions are required in the tasks of metal fabrication and installation in these industries.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Welding Equipment Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Welding Equipment Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Welding Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Arc welding, Resistance welding, Oxyfuel welding, Ultrasonic welding, Others); End-user (Aerospace, Automotive and transport, Construction, Power generation, Oil and gas, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America) is estimated to witness a CAGR of 5.5% from 2023 to 2031
The major factors driving the welding equipmentmarket are: Growing Demand in Manufacturing and Construction Industries
High Initial Investment Costs
Air Liquide S.A., Arcon Welding Equipment LLC., Denyo Co. Ltd., Fronius International GmbH, Illinois Tool Works Inc., Kemppi Oy., Obara Corporation, Panasonic Corporation, The Lincoln Electric Company, Tianjin Bridge Welding Materials Co. Ltd.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Welding Equipment Market - By Type
1.3.2 Welding Equipment Market - By End-user
1.3.3 Welding Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WELDING EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. WELDING EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WELDING EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. WELDING EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. WELDING EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. WELDING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2027 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ARC WELDING
7.3.1. Overview
7.3.2. Arc welding Market Forecast and Analysis
7.4. RESISTANCE WELDING
7.4.1. Overview
7.4.2. Resistance welding Market Forecast and Analysis
7.5. OXYFUEL WELDING
7.5.1. Overview
7.5.2. Oxyfuel welding Market Forecast and Analysis
7.6. ULTRASONIC WELDING
7.6.1. Overview
7.6.2. Ultrasonic welding Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. WELDING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2027 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. AEROSPACE
8.3.1. Overview
8.3.2. Aerospace Market Forecast and Analysis
8.4. AUTOMOTIVE AND TRANSPORT
8.4.1. Overview
8.4.2. Automotive and transport Market Forecast and Analysis
8.5. CONSTRUCTION
8.5.1. Overview
8.5.2. Construction Market Forecast and Analysis
8.6. POWER GENERATION
8.6.1. Overview
8.6.2. Power generation Market Forecast and Analysis
8.7. OIL AND GAS
8.7.1. Overview
8.7.2. Oil and gas Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. WELDING EQUIPMENT MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Welding Equipment Market Overview
9.1.2 North America Welding Equipment Market Forecasts and Analysis
9.1.3 North America Welding Equipment Market Forecasts and Analysis - By Type
9.1.4 North America Welding Equipment Market Forecasts and Analysis - By End-user
9.1.5 North America Welding Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Welding Equipment Market
9.1.5.1.1 United States Welding Equipment Market by Type
9.1.5.1.2 United States Welding Equipment Market by End-user
9.1.5.2 Canada Welding Equipment Market
9.1.5.2.1 Canada Welding Equipment Market by Type
9.1.5.2.2 Canada Welding Equipment Market by End-user
9.1.5.3 Mexico Welding Equipment Market
9.1.5.3.1 Mexico Welding Equipment Market by Type
9.1.5.3.2 Mexico Welding Equipment Market by End-user
9.2. EUROPE
9.2.1 Europe Welding Equipment Market Overview
9.2.2 Europe Welding Equipment Market Forecasts and Analysis
9.2.3 Europe Welding Equipment Market Forecasts and Analysis - By Type
9.2.4 Europe Welding Equipment Market Forecasts and Analysis - By End-user
9.2.5 Europe Welding Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Welding Equipment Market
9.2.5.1.1 Germany Welding Equipment Market by Type
9.2.5.1.2 Germany Welding Equipment Market by End-user
9.2.5.2 France Welding Equipment Market
9.2.5.2.1 France Welding Equipment Market by Type
9.2.5.2.2 France Welding Equipment Market by End-user
9.2.5.3 Italy Welding Equipment Market
9.2.5.3.1 Italy Welding Equipment Market by Type
9.2.5.3.2 Italy Welding Equipment Market by End-user
9.2.5.4 United Kingdom Welding Equipment Market
9.2.5.4.1 United Kingdom Welding Equipment Market by Type
9.2.5.4.2 United Kingdom Welding Equipment Market by End-user
9.2.5.5 Russia Welding Equipment Market
9.2.5.5.1 Russia Welding Equipment Market by Type
9.2.5.5.2 Russia Welding Equipment Market by End-user
9.2.5.6 Rest of Europe Welding Equipment Market
9.2.5.6.1 Rest of Europe Welding Equipment Market by Type
9.2.5.6.2 Rest of Europe Welding Equipment Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Welding Equipment Market Overview
9.3.2 Asia-Pacific Welding Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Welding Equipment Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Welding Equipment Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Welding Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Welding Equipment Market
9.3.5.1.1 Australia Welding Equipment Market by Type
9.3.5.1.2 Australia Welding Equipment Market by End-user
9.3.5.2 China Welding Equipment Market
9.3.5.2.1 China Welding Equipment Market by Type
9.3.5.2.2 China Welding Equipment Market by End-user
9.3.5.3 India Welding Equipment Market
9.3.5.3.1 India Welding Equipment Market by Type
9.3.5.3.2 India Welding Equipment Market by End-user
9.3.5.4 Japan Welding Equipment Market
9.3.5.4.1 Japan Welding Equipment Market by Type
9.3.5.4.2 Japan Welding Equipment Market by End-user
9.3.5.5 South Korea Welding Equipment Market
9.3.5.5.1 South Korea Welding Equipment Market by Type
9.3.5.5.2 South Korea Welding Equipment Market by End-user
9.3.5.6 Rest of Asia-Pacific Welding Equipment Market
9.3.5.6.1 Rest of Asia-Pacific Welding Equipment Market by Type
9.3.5.6.2 Rest of Asia-Pacific Welding Equipment Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Welding Equipment Market Overview
9.4.2 Middle East and Africa Welding Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Welding Equipment Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Welding Equipment Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Welding Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Welding Equipment Market
9.4.5.1.1 South Africa Welding Equipment Market by Type
9.4.5.1.2 South Africa Welding Equipment Market by End-user
9.4.5.2 Saudi Arabia Welding Equipment Market
9.4.5.2.1 Saudi Arabia Welding Equipment Market by Type
9.4.5.2.2 Saudi Arabia Welding Equipment Market by End-user
9.4.5.3 U.A.E Welding Equipment Market
9.4.5.3.1 U.A.E Welding Equipment Market by Type
9.4.5.3.2 U.A.E Welding Equipment Market by End-user
9.4.5.4 Rest of Middle East and Africa Welding Equipment Market
9.4.5.4.1 Rest of Middle East and Africa Welding Equipment Market by Type
9.4.5.4.2 Rest of Middle East and Africa Welding Equipment Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Welding Equipment Market Overview
9.5.2 South and Central America Welding Equipment Market Forecasts and Analysis
9.5.3 South and Central America Welding Equipment Market Forecasts and Analysis - By Type
9.5.4 South and Central America Welding Equipment Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Welding Equipment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Welding Equipment Market
9.5.5.1.1 Brazil Welding Equipment Market by Type
9.5.5.1.2 Brazil Welding Equipment Market by End-user
9.5.5.2 Argentina Welding Equipment Market
9.5.5.2.1 Argentina Welding Equipment Market by Type
9.5.5.2.2 Argentina Welding Equipment Market by End-user
9.5.5.3 Rest of South and Central America Welding Equipment Market
9.5.5.3.1 Rest of South and Central America Welding Equipment Market by Type
9.5.5.3.2 Rest of South and Central America Welding Equipment Market by End-user
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WELDING EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. AIR LIQUIDE S.A.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ARCON WELDING EQUIPMENT LLC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DENYO CO. LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FRONIUS INTERNATIONAL GMBH
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ILLINOIS TOOL WORKS INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KEMPPI OY.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. OBARA CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PANASONIC CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE LINCOLN ELECTRIC COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TIANJIN BRIDGE WELDING MATERIALS CO. LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Air Liquide S.A.
2. Arcon Welding Equipment LLC.
3. Denyo Co. Ltd.
4. Fronius International GmbH
5. Illinois Tool Works Inc.
6. Kemppi Oy.
7. Obara Corporation
8. Panasonic Corporation
9. The Lincoln Electric Company
10. Tianjin Bridge Welding Materials Co. Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.