Welding Equipment Rental Market size was valued at USD 8.5 Billion in 2024 and is forecasted to grow at a CAGR of 6.5% from 2026 to 2033, reaching USD 14.2 Billion by 2033.
The global welding equipment rental market was valued at approximately USD 3.3 billion in 2022 and is projected to expand at a Compound Annual Growth Rate (CAGR) of 6.2% from 2023 to 2030. The growing demand for welding equipment in industries such as construction, automotive, and oil & gas is a key driver for market growth. Rental services provide cost effective solutions for small and medium enterprises, as well as project based needs, making them a preferred choice in several industries. The markets expansion is also influenced by the increasing adoption of automated welding technologies and the need for high quality welding equipment that can be accessed on demand. Regionally, North America dominates the welding equipment rental market, accounting for a significant share of the global market in 2022. The increasing infrastructure development and automotive manufacturing in the region contribute to this dominance. Europe follows closely, with a robust presence of the automotive and construction industries. The Asia Pacific region, however, is expected to witness the highest growth in the coming years due to rapid industrialization and the expanding manufacturing sector, particularly in China and India. The Middle East and Africa are also anticipated to show steady growth, driven by the rising demand for welding services in the oil and gas industry. Latin America is expected to see moderate growth, primarily due to developments in construction and energy sectors across Brazil and Mexico.
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United Rentals
Inc.
Red-D-Arc Welderentals
Cresco
Sunbelt Rentals
Herc Rentals
nexAir
PVJ Weld Oy
Key Plant Automation
Central Welding Supply
Mitrowski Welding Equipment
Image Industries
Welder Rentals
Renteca
CK Supply
Interstate Rentals
Oxygen Service Company
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 Equipment Rental Market
Stick Welders
TIG Welders
MIG Welders
Residential Construction
Commercial Construction
Light-Duty Equipment
Medium-Duty Equipment
Daily Rental
Weekly Rental
Local Rental Shops
National Rental Companies
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 Equipment Rental 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 Equipment Rental Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Welding Equipment Rental Market, By Type
6. Global Welding Equipment Rental Market, By Application
7. Global Welding Equipment Rental Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Welding Equipment Rental Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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