Welding Machinery: Global Strategic Business Report

Quick Summary:

Manufacturing processes continue to evolve rapidly with Welding Machinery playing a pivotal role in the progress and success of various industries. The growth forecast for the global Welding Machinery market, projected to reach $22.8 Billion by 2030, reflects the importance and necessity of welding equipment within the industrial sector. A significant facet of this growth is connected to the Arc Welding segment, anticipated to record a significant CAGR and reach $9.1 Billion by the end of the forecast period.

Beyond comprehensive data analysis, this market research report provides a nuanced view of the highly competitive Welding Machinery market, taking into consideration key geographic markets such as the U.S, China, Japan, Canada and Germany. Additionally, the report dives deeper into the Asia-Pacific market, driven by rising industrial advancements in Australia, India, and South Korea. Purchasing this report opens a window of opportunity to stay informed and planning ahead of trends in this critical global market.

Global Welding Machinery Market to Reach $22.8 Billion by 2030

The global market for Welding Machinery estimated at US$13 Billion in the year 2022, is projected to reach a revised size of US$22.8 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030. Arc Welding, one of the segments analyzed in the report, is projected to record a 8.3% CAGR and reach US$9.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Oxy-Fuel Welding segment is readjusted to a revised 6.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 9.6% CAGR

The Welding Machinery market in the U.S. is estimated at US$3.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2030 trailing a CAGR of 9.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 6.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.6 Billion by the year 2030.

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?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
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 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 $13 Billion in 2022.

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

The growth rate of the Global Market for Welding Machinery is 7.3%, with an estimated value of $22.8 Billion by 2030.

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

The Global Market for Welding Machinery is estimated to be worth $22.8 Billion by 2030.

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., Carl Cloos Schweisstechnik GmbH, Coherent, Inc., Daihen Corporation, Denyo Co., Ltd., ESAB, Fronius International GmbH, IDEAL, Werk and IGM Robotersysteme AG.

Report Attribute	Details
No. of Pages	1144
Published	September 2023
Forecast Period	2022 - 2030
Estimated Market Value ( USD ) in 2022	$ 13 Billion
Forecasted Market Value ( USD ) by 2030	$ 22.8 Billion
Compound Annual Growth Rate	7.3%
Regions Covered	Global

I. METHODOLOGYII. 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
Welding Machinery - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
An Introductory Prelude to Welding Machinery
Global Market Prospects & Outlook
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
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
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
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 Adaptative 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
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
World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
Global Value of Megacity Construction Projects (US$ Billion) in 2019
Oil & Gas: Rise in Pipeline Projects Signals Growth Avenues for Welding Equipment
Global Capital Spending (in $ Billion) on Planned & Announced Oil & Gas Projects by Segment (2018-2025)
Pipeline Investments to Soar Post-Pandemic
Number of Crude Oil Pipeline Worldwide by Project Status: 2020
Number of Natural Gas Pipeline Worldwide by Project Status: 2020
Changing Energy Mix Set to Influence Market Prospects
Global Energy Demand & Growth (In Million Tonnes of Oil Equivalent (Mtoe)) for the Years 1990, 2000, 2010, 2020, 2030 and 2040
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
Global Electricity Generation in Billion kWh for the Years 2010, 2020, 2030, 2040 and 2050
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
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

Table 1: World Welding Machinery Market Analysis of Annual Sales in US$ Thousand for Years 2015 through 2030
Table 2: World Recent Past, Current & Future Analysis for Welding Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 3: World Historic Review for Welding Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 4: World 15-Year Perspective for Welding Machinery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2015, 2023 & 2030
Table 5: World Recent Past, Current & Future Analysis for Arc Welding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 6: World Historic Review for Arc Welding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 7: World 15-Year Perspective for Arc Welding by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
Table 8: World Recent Past, Current & Future Analysis for Oxy-Fuel Welding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 9: World Historic Review for Oxy-Fuel Welding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 10: World 15-Year Perspective for Oxy-Fuel Welding by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
Table 11: World Recent Past, Current & Future Analysis for Resistance Welding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 12: World Historic Review for Resistance Welding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 13: World 15-Year Perspective for Resistance Welding by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
Table 14: World Recent Past, Current & Future Analysis for Laser Beam Welding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 15: World Historic Review for Laser Beam Welding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 16: World 15-Year Perspective for Laser Beam Welding by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
Table 17: World Recent Past, Current & Future Analysis for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 18: World Historic Review for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 19: World 15-Year Perspective for Other Product Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
Table 20: World Recent Past, Current & Future Analysis for Automatic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 21: World Historic Review for Automatic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 22: World 15-Year Perspective for Automatic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
Table 23: World Recent Past, Current & Future Analysis for Semi-Automatic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 24: World Historic Review for Semi-Automatic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 25: World 15-Year Perspective for Semi-Automatic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
Table 26: World Recent Past, Current & Future Analysis for Manual by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 27: World Historic Review for Manual by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 28: World 15-Year Perspective for Manual by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
Table 29: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 30: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 31: World 15-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
Table 32: World Recent Past, Current & Future Analysis for Building & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 33: World Historic Review for Building & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 34: World 15-Year Perspective for Building & Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
Table 35: World Recent Past, Current & Future Analysis for Aerospace by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 36: World Historic Review for Aerospace by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 37: World 15-Year Perspective for Aerospace by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
Table 38: World Recent Past, Current & Future Analysis for Energy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 39: World Historic Review for Energy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 40: World 15-Year Perspective for Energy by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
Table 41: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 42: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 43: World 15-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
Table 44: World Recent Past, Current & Future Analysis for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 45: World Historic Review for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 46: World 15-Year Perspective for Marine by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
Table 47: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 48: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2021 and % CAGR
Table 49: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030

III. MARKET ANALYSIS

UNITED STATES

Welding Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
Market Overview
Major End Users of Welding Machinery
Anticipated Positive Construction Outlook Offers Growth Opportunities

CANADA

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

JAPAN

Welding Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
Market Overview

CHINA

Welding Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
Market Overview

EUROPE

Welding Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (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

FRANCE

GERMANY