Welding Equipment Market – Size, Outlook, Trends and Forecast (2024

Welding Equipment Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Welding is the most popular joining process that is extensively used across industries, such as, automotive, aerospace, medical, consumer electronics, construction, and oil & gas. The type of energy deposition is crucial to distinguish the various welding techniques. Trade between industrialised nations is gradually reducing, and many emerging markets are fighting for a market space to export their industrial products. Most of these industrial products are manufactured using welding processes. The welding industry includes equipment, consumables, and services. Industrial sectors are highly dependent on welding technologies to join the manufactured products.

Global Welding Equipment Market Segments Size & Growth:

Global welding equipment market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include promising growth in the global steel industry, growing automobile industry, industrial development, and growth of the construction industry. However, cost factor and technical know-how Issues are thereby hampering the market growth.

Global Welding Equipment Market Segments Share:

Global welding equipment market is categorised into process type which comprises Arc Welding, Braze Welding, Forge Welding, Gas Welding, Resistance Welding, Welding Consumables, and Others. Among them, arc welding segment is estimated to account for 47.6% value share of the overall welding technology segment by 2017. By Material Type, the market is segmented into Metal, Glass, Plastic, and Others. By Application, the market is segmented into Residential, Commercial,

Welding Equipment Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

and Industrial. By End-User, the market is segmented into Oil & Gas, Automotive, Aviation & Shipbuilding, Power, Chemicals, Mining, and Others. By Geography, Asia-Pacific is projected to dominate the market with the most significant share, and Asia-Pacific holds the fastest growth in the market because of huge profit margins and growth prospects.

Global welding equipment Market Trends:

Like most other technologies, welding is steadily evolving. Research has significantly altered the landscape of welding with transitions over the past two decades being particularly noteworthy. Arc welding with conventional machinery and work practices remains the primary method of connecting heavy plates that make up large steel structures. Narrow gap welding, high heat input, and automatic welding are boosting the efficiency of arc welding. Laser welding is exhibiting greater application for connecting thin steel sheets. With laser welding utilising power sources of higher capacity, lasers are also joining heavy plates.
The use of activating fluxes provides a novel method of increasing the penetration capability of the arc in GTA welding. The process is effected through the application of a thin coating of an activating flux material onto the joint surface before welding. The effect of the flux is to constrict the arc which increases the current density at the anode root and the arc force action on the weld pool. The constricted arc produces a narrow, deep weld compared with the large shallow weld bead obtained with conventional GTA.
Arc welding continues to be the preferred

You can also purchase parts of this report. Do you want to check out a section wise price list

Welding Equipment Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

welding method for the manufacture of offshore structures, pipelines, and process equipment. Different process techniques and welding consumables are available to suit the requirements of arranging for offshore applications. The ability to operate on-site is also a significant advantage. While no fundamentally new arc welding techniques have emerged in recent years, there have been significant developments focused on improving process efficiency and productivity together with the facilitation of increased welding automation. Notable recent TWI developments of significance to the offshore industry include Low cost activating fluxes for GTA welding, Novel keyhole plasma welding procedure, and Autonomous robotic welding of large structures.

Global Welding Equipment Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The primary market players, such as

Lincoln Electric Holdings Inc.
Colfax Corporation
Illinois Tool Works Inc.
Air Liquide S.A.
The Linde Group

Credibility and
Transparency

We actively recruit consumers, business professionals, and elusive individuals for our research panels, fostering enduring relationships. Our commitment to transparency is evident in the comprehensive listing of primary and secondary data sources, ensuring unwavering credibility in our reports.

Exhaustive
Coverage

Uncover the full spectrum with Envision Intelligence. Our detailed and extensive geographical coverage, coupled with survey consultation services, spans brand tracking, concept testing, and consumer behaviour analysis. Adapt to your evolving needs with scalable market research services that leave no facet unexplored.

Competitive
Edge

Stay ahead with Envision Intelligence. Our reports provide the latest market updates up to the date of purchase. Recognising the urgency of impactful decisions, we deliver timely analyses on the unprecedented choices made by CXOs during the COVID-19 crisis—providing valuable insights at no extra cost.

Golden
pportunities

Unearth hidden gems with Envision Intelligence. Our analysts and consultants conduct a comprehensive strategic sieve analysis, augmented by AI tools, to identify non-obvious, golden, and emerging opportunities. Evaluate possibilities that set you apart in the market.

Top-notch Reportsd
Guaranteed

Experience unparalleled depth with Envision Intelligence. Over 70% of our research is exclusive, establishing us as the premier source for in-depth and extensive market insights. Elevate your decision-making with reports that go beyond the ordinary.

Post Purchase
Support

Empower your journey with Envision Intelligence. Our commitment extends beyond the purchase. Enjoy post-purchase support for three months, with queries addressed within 24 business hours via telephone or email. We stand by you in your quest for ongoing success.