Global Welding Equipment Market was valued at US$ 15,499.67 Million in 2021 and is expected to surpass US$ 38,337.17 Million by 2030, registering a CAGR of 10.7% during the forecast period (2022-2030), according to the Global Welding Equipment Market Report, by Level of Automation (Manual, Semi-automatic, Automatic),  by Welding Technology (Arc Welding, Resistance Welding, Oxy-Fuel Welding, Laser Beam Welding, Others), by Application (Automotive & Transportation, Building & Construction, Marine Applications, Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), published by Coherent Market Insights.

Welding equipment is used to join two or more materials, typically metal, by using heat to melt the parts together and allow them to cool causing fusion. There are numerous welding equipment used such as helmet, gloves, angle grinder, wire brushes, electrode tip cleanser, linesmen cutting pliers, and more. On the basis of level of automation, the global welding equipment market is segmented into manual, semi-automatic, and automatic. Moreover, on the basis of application, the global welding equipment market is segmented into automobile & transportation, marine, building & constructions, and others.

Development of innovative welding techniques for various end-use applications is expected to boost the global welding equipment market growth during the forecast period. Welding technique is used in a variety of industries for numerous applications. For instance, ultrasonic welding technique is used to join plastics and dissimilar materials in all major industries such as electronics, automobiles, toys, textiles, medical devices, packaging, and more. On the contrary, friction stir welding (FSW) finds applications in aerospace, fabrication, robotics, automotive, etc. Moreover, electron beam welding is majorly used in packaging, aerospace, and electronics industry. This, in turn, is expected to propel the market growth over the forecast period.

Key Developments

  • In March 2020, Voestalpine Böhler Welding company that manufacturers welding consumables, accessories, and welding equipment purchased stake in Selco s.r.l., the company that manufactures welding machine in Italy. This will strengthen the position of Voestalpine Böhler Welding in European market.

Global Welding Equipment Market- Impact of Coronavirus (Covid-19) Pandemic :

Globally, most countries have been affected by COVID-19 and most of the countries announced a lockdown. This disrupted businesses across the globe. The business disruption impacted the automotive and construction industry severely. Automotive manufacturers faced material shortage issues due to disruptions in supply chains and suppliers faced resource constraints. All these factors slowed down demand for welding equipment and hence the global welding equipment market witnessed slow growth during the pandemic.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/welding-equipment-market-3265

Browse 150 market data tables* and 90 figures* on “Global Welding Equipment Market- Global forecast to 2030”

Key Trends and Analysis of the Global Welding Equipment Market:

  • Asia Pacific region is expected to witness significant growth in the global welding equipment market during the forecast period. Asia Pacific region are fast growing economies. The corporate sector and manufacturing sector is growing rapidly and hence infrastructure such as corporate buildings, and manufacturing plants requirement is also increasing rapidly. Welding equipment are used in the construction sector to join metal framework for roofs, walls, and other purposes hence, demand for welding equipment is increasing in the Asia Pacific region.
  • Europe is expected to register a lucrative growth rate in the global welding equipment market over the forecast period. The automotive industry is growing rapidly and welding consumables are used in large quantity to fix cracks, damaged fenders, and welding exhausts on the cars. Hence, the welding equipment market is expected to grow in the Europe region in the forecast period.
  • Major players operating in the Global Welding Equipment Market include Amada Miyachi, Inc., Arcon Welding Equipment, Colfax Corporation, DAIHEN Corporation, ESAB Welding & Cutting Products, Fronius International GmbH, Illinois Tool Works, Inc., Nelson Stud Welding (Doncasters Group, Ltd.), Obara Corporation, Panasonic Corporation, Rofin-Sinar Technologies, Sonics & Materials, Inc., The Lincoln Electric Company, Voestalpine AG.

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