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Welding Machinery - Global Market Trajectory & Analytics

  • ID: 338718
  • Report
  • March 2022
  • Region: Global
  • 1144 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Coherent, Inc.
  • Denyo Co., Ltd.
  • Hobart Brothers LLC
  • IGM Robotersysteme AG
  • Kemppi Oy
  • Kobe Steel, Ltd.

Global Welding Machinery Market to Reach $20.8 Billion by 2027


Amid the COVID-19 crisis, the global market for Welding Machinery estimated at US$14.1 Billion in the year 2020, is projected to reach a revised size of US$20.8 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Arc Welding, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$8.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Oxy-Fuel Welding segment is readjusted to a revised 5.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 8.9% CAGR


The Welding Machinery market in the U.S. is estimated at US$3.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$4.4 Billion by the year 2027 trailing a CAGR of 8.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Resistance Welding Segment to Record 5.4% CAGR


In the global Resistance Welding segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.8 Billion by the year 2027, while Latin America will expand at a 6.6% CAGR through the analysis period.

Select Competitors (Total 382 Featured) -

  • ACRO Automation Systems, Inc.
  • Carl Cloos Schweisstechnik GmbH
  • Coherent, Inc.
  • Daihen Corporation
  • Denyo Co., Ltd.
  • ESAB
  • Fronius International GmbH
  • IDEAL-Werk
  • IGM Robotersysteme AG
  • Illinois Tool Works, Inc.
  • Hobart Brothers LLC
  • Miller Electric Mfg. LLC
  • Kemppi Oy
  • Kiefel GmbH
  • Kobe Steel, Ltd.
  • KUKA AG
  • Manufacturing Technology, Inc.
  • Panasonic Corporation
  • Sonics & Materials, Inc.
  • The Lincoln Electric Company
  • Tianjin Bridge Welding Materials Group Co., Ltd.
  • voestalpine Böhler Welding Group GmbH

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the publisher's digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Welding Machinery

What is the estimated value of the Global Market for Welding Machinery?

The Global Market for Welding Machinery was estimated to be valued at $14.1 Billion in 2020.

What is the growth rate of the Global Market for Welding Machinery?

The growth rate of the Global Market for Welding Machinery is 5.7%, with an estimated value of $20.8 Billion by 2027.

What is the forecasted size of the Global Market for Welding Machinery?

The Global Market for Welding Machinery is estimated to be worth $20.8 Billion by 2027.

Who are the key companies in the Global Market for Welding Machinery?

Key companies in the Global Market for Welding Machinery include ACRO Automation Systems Inc., ARCON Welding LLC, Bernard, Carl Cloos Schweisstechnik GmbH, Coherent Inc., Daihen Corporation, Denyo Co. Ltd., ESAB and Hobart Brothers Company.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Coherent, Inc.
  • Denyo Co., Ltd.
  • Hobart Brothers LLC
  • IGM Robotersysteme AG
  • Kemppi Oy
  • Kobe Steel, Ltd.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
  • Progress on Vaccinations: Why Should Businesses Care?
  • Welding Equipment Industry to Recuperate Losses after COVID-19 Setback
  • Competitive Scenario
  • EXHIBIT 1: Welding Machinery - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 380 Players Worldwide in 2022 (E)
  • An Introductory Prelude to Welding Machinery
  • Global Market Prospects & Outlook
  • EXHIBIT 2: Global Welding Machinery Market by End-Use Sector (2021E): Percentage Breakdown of Value Sales for Automotive, Building & Construction, Aerospace, Energy, Oil & Gas, Marine, and Other End-Uses
  • Growth Drivers
  • Select Product Segments: A Review
  • Developed Nations Make Way for Emerging Markets
  • EXHIBIT 3: Global Welding Machinery Market - Geographic Regions Ranked by % CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
  • EXHIBIT 4: Developed Regions Remain the Primary Revenue Contributors for World Welding Machinery Market - Percentage Breakdown of Sales for Developed Regions & Developing Regions (2021 & 2027P)
  • Asian Markets: An Impregnable Turf for International Giants
  • Anticipated Stable Economic Scenario to Extend Growth Opportunities
  • EXHIBIT 5: A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
  • Welding Machinery: Product Overview
  • Welding Machinery Industry: A Categorization
  • Robotic Welding
  • Recent Market Activity
  • Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Emerging Welding Technology Trends: Key Insights into 2022
  • Diverse Challenges Encountered by Welding Companies & Relevant Answers
  • Innovations Galore!
  • SpeedCore System Emerges to Replace Reinforced Concrete Core System, PAUT Offers Advantages
  • Select Latest Innovations
  • Laser Welding: A Fast Emerging Trend
  • Ample Room for Future Growth of Global Arc Welding Equipment Market
  • Use of Collaborative Welding Systems and Adaptive Controls on the Rise
  • Automated Welding Offers Significant Potential
  • Robotic Welding Systems Offer Various Benefits
  • Novarc Technologies’ Collaborative Robot Powered by AI and Machine Vision Technologies to Improve Quality Consistency in Welding
  • Deployment of Robotic Welding Systems based on Advanced Technologies to Become Easier in the Future
  • John Deere in Association with Intel Develops a System with Machine Vison and Neural Network AI Algorithm for Improved Defect Detection
  • Solid Wires Replacing Stick Electrodes
  • Adhesives Reduce Need for Welding
  • User Friendly Equipment: Order of the Day
  • Rising Demand for Aluminum Welding Equipment
  • Measures to Overcome Issues with Aluminum Welding
  • Advances in TIG Welding Offer Growth Opportunities
  • FCAW Gains Acceptance
  • Hybrid Welding Technology to Drive Growth
  • Plastics Welding Sidelines Metal Welding
  • Maintenance & Repair Projects to Drive Demand
  • Increased Emphasis on Improving Welding Process
  • Favorable HSAW Pipes Market Signals Opportunities
  • Steel Production & Consumption: Key Indicators of Welding Market Dynamics
  • EXHIBIT 6: World Steel Consumption in Million Metric Tons: 2020-2027
  • Hit by COVID-19 Outbreak, Steel Industry & Demand Speedily Returning to Normalcy: The Current Scenario
  • Regional Recovery Scenario
  • Healthy Prospects for Steel Industry in Developing Countries
  • An Overview of End-Use Segments
  • Construction Sector Remains Prominent Consumer
  • EXHIBIT 7: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • EXHIBIT 8: Global Value of Megacity Construction Projects (US$ Billion) in 2019
  • Oil & Gas: Rise in Pipeline Projects Signals Growth Avenues for Welding Equipment
  • EXHIBIT 9: Global Capital Spending (in $ Billion) on Planned & Announced Oil & Gas Projects by Segment (2018-2025)
  • Pipeline Investments to Soar Post-Pandemic
  • EXHIBIT 10: Number of Crude Oil Pipeline Worldwide by Project Status: 2020
  • EXHIBIT 11: Number of Natural Gas Pipeline Worldwide by Project Status: 2020
  • Changing Energy Mix Set to Influence Market Prospects
  • EXHIBIT 12: Global Energy Demand & Growth (In Million Tonnes of Oil Equivalent (Mtoe)) for the Years 1990, 2000, 2010, 2020, 2030 and 2040
  • EXHIBIT 13: Global Primary Energy Consumption by Source (in %) for 2018 and 2040
  • Pipeline Operating Conditions Determine Welding Equipment Usage
  • Welded Line Pipe Makes Inroads
  • Pure Welds Achieved for Interiors of Crude Oil Pipes Using Oxygen Sensors
  • Power Generation
  • EXHIBIT 14: Global Electricity Generation in Billion kWh for the Years 2010, 2020, 2030, 2040 and 2050
  • EXHIBIT 15: China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for 2017-50
  • Wind Energy
  • Nuclear Power Plants
  • Automotive Manufacturing
  • EXHIBIT 16: World Automobile Production in Million Units: 2008-2022
  • Railroad Industry
  • Heavy Fabrication
  • Shipbuilding
  • New Welding Technologies Seek Role in Shipbuilding Programs
  • ESAB’s Welding Systems Equipped with WeldCloud
  • Orbital Welding Systems for Precision Welds for Semiconductor and Biopharmaceutical Industries
  • New Technology Improves Capabilities of Orbital Welding Systems for Improved Manufacturing

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Welding Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Major End Users of Welding Machinery
  • Anticipated Positive Construction Outlook Offers Growth Opportunities
  • Market Analytics

CANADA

  • Welding Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2022 (E)
  • Market Overview
  • Market Analytics

JAPAN

  • Welding Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
  • Market Analytics

CHINA

  • Welding Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Market Analytics

EUROPE

  • Welding Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Automation Trends Bodes Well for Equipment Makers
  • Demand for Welding Consumables Set to Further Grow
  • Rising Raw Material Costs and Competition from Asia - Major Challenges
  • Laser Welding Equipment Market
  • Market Analytics

FRANCE

GERMANY

  • Market Overview
  • Market Analytics

ITALY

UNITED KINGDOM

  • Market Overview
  • Market Analytics

SPAIN


RUSSIA

REST OF EUROPE

  • Focus on Select Markets
  • Market Analytics

ASIA-PACIFIC

  • Welding Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • Market Analytics

INDIA

  • Market Overview
  • Market Analytics

SOUTH KOREA

  • Market Overview
  • Market Analytics

REST OF ASIA-PACIFIC

  • Focus on Select Markets
  • Market Analytics

LATIN AMERICA


ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Market Overview
  • Water Projects: A Potential Opportunity
  • Market Analytics

AFRICA

IV. COMPETITION

  • Total Companies Profiled: 382
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ACRO Automation Systems, Inc.
  • Carl Cloos Schweisstechnik GmbH
  • Coherent, Inc.
  • Daihen Corporation
  • Denyo Co., Ltd.
  • ESAB
  • Fronius International GmbH
  • IDEAL-Werk
  • IGM Robotersysteme AG
  • Illinois Tool Works, Inc.
  • Hobart Brothers LLC
  • Miller Electric Mfg. LLC
  • Kemppi Oy
  • Kiefel GmbH
  • Kobe Steel, Ltd.
  • KUKA AG
  • Manufacturing Technology, Inc.
  • Panasonic Corporation
  • Sonics & Materials, Inc.
  • The Lincoln Electric Company
  • Tianjin Bridge Welding Materials Group Co., Ltd.
  • voestalpine Böhler Welding Group GmbH
Note: Product cover images may vary from those shown