Welding Machinery and Equipment Market size is estimated to be USD 22.5 Billion in 2024 and is expected to reach USD 30.1 Billion by 2033 at a CAGR of 4.2% from 2026 to 2033.
The global welding machinery and equipment market was valued at USD 23.9 billion in 2022 and is expected to register a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2023 to 2030. The growth of the market is driven by increasing industrial activities, such as construction, automotive, and manufacturing, particularly in emerging economies. The rising adoption of advanced technologies like automated welding systems and robotic welding has also contributed to the expansion of the market. Additionally, the growing demand for infrastructure development and rising investments in industrial automation are expected to further fuel market growth in the coming years.
Regionally, Asia-Pacific holds the largest market share, accounting for approximately 45% of the global market in 2022, largely due to the high demand for welding equipment in countries like China, India, and Japan, where manufacturing and construction sectors are growing rapidly. North America and Europe follow closely, with North America projected to grow at a steady pace, driven by the presence of established manufacturing industries. Europe is anticipated to show significant growth due to advancements in welding technologies and an increasing focus on energy-efficient solutions. The Middle East and Africa and Latin America regions are also expected to experience growth, driven by infrastructure development and industrialization initiatives across these regions.
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Lincoln Electric
Colfax
Illinois Tool Works
Kobe Steel
Fronius International
Air Liquide
Panasonic Welding Systems
Nelson Stud Welding
Obara
Daihen
Jasic Technology
Nimak
Riland
Telwin
EWM
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Welding Machinery and Equipment Market
MIG (Metal Inert Gas) Welding Machines
TIG (Tungsten Inert Gas) Welding Machines
Stick Welding Machines
Plasma Arc Welding Machines
Submerged Arc Welding Machines
Manufacturing
Construction
Aerospace
Automotive
Shipbuilding
Oil and Gas
Electric Welding Equipment
Gas Welding Equipment
Solar-Powered Welding Equipment
Battery-Powered Welding Equipment
Automated Welding Equipment
Robotic Welding Equipment
Laser Welding Technology
Hybrid Welding Technologies
Manual Welding Equipment
Welding Consumables
Welding Accessories
Welding Power Sources
Welding Robots
Control Systems and Software
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Welding Machinery and Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Welding Machinery and Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Welding Machinery and Equipment Market, By Type
6. Global Welding Machinery and Equipment Market, By Application
7. Global Welding Machinery and Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Welding Machinery and Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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