Global Welding Machinery and Equipment Market was valued at USD 2.1 Billion in 2022 and is projected to reach USD 2.9 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030.
The welding machinery and equipment market is experiencing significant growth, driven by advancements in technology and increasing demand across various industries. In 2023, the global market was valued at approximately $19.72 billion and is projected to reach $27.77 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2030.
Key factors contributing to this growth include:
Technological Advancements: The integration of automation and robotics in welding processes has enhanced efficiency and precision, leading to higher adoption rates in manufacturing sectors.
Industry Applications: Sectors such as automotive, aerospace, construction, and energy are increasingly utilizing advanced welding equipment to meet the demands of complex assemblies and infrastructure projects.
Regional Developments: Emerging economies, particularly in the Asia-Pacific region, are witnessing rapid industrialization, further propelling the demand for welding machinery.
However, the industry faces challenges, notably a shortage of skilled welding professionals. For instance, India is currently experiencing a shortfall of approximately 1.2 million welding professionals, which could escalate to 1.35 million in the next three years. This shortage poses a risk to the timely execution of infrastructure projects and highlights the need for enhanced training and skill development initiatives.
In my experience working within the manufacturing sector, the transition towards automated welding solutions has been transformative. Implementing robotic welding systems not only improved production efficiency but also addressed the challenges posed by the scarcity of skilled welders. This shift allowed for more consistent weld quality and reduced production times, underscoring the importance of embracing technological advancements in the welding industry.
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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
Car
Heavy Equipment
Aerospace
Electronic
Based on Types the Market is categorized into Below types that held the largest Welding Machinery and Equipment market share In 2023.
Arc Welding
Resistance Welding
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, 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
Global
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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