Market Overview

Welding equipment is used to create joint two or more materials permanently usually metals or thermoplastics. There are different types of welding processes such as electric arcs, gas flames, electron beams, electric resistance, friction, electron beams, lasers, ultrasound, and molten metal baths. Different equipment is used in welding including welding helmets, gloves, blankets, etc., in order to withstand hazardous heat, sparks, glare, and spatter generated during welding. Moreover, welding tables and accessories are used during weld to improve efficiency and accuracy during welding tasks. On the basis of welding technique, the market is segmented as laser-beam welding, oxy-fuel welding, resistance welding, arc welding, and others. On the basis of application, the market is segmented into automobile & transportation, marine applications, building & construction, and others.

The global welding equipment market was valued at US$ 12,034.81 Mn in 2018 and is expected to grow at a CAGR of 7.9% during the forecasted period (2019-2027)

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Market Dynamics

Rampant growth of mining and fabrication industries is expected to drive the global welding equipment market growth during the forecast period. For instance, in September 2018, PTS Welding, a welding equipment supplier launched a comprehensive range of product such as welding, cutting and gas products and services for the mining and fabrication industries at Electra Mining Africa show.

Furthermore, development of innovative welding machines for various end-use applications is expected to boost the global welding equipment market growth during the forecast period. In July 2019, Pressure Welding Machines Ltd, a manufacturer of cold pressure welding equipment introduced comprehensive welding machines such as three hand-held machines, heavy-duty M101 machine, the smaller BM10 and BM30 models at wire Southeast Asia.

However, unavailability of trained and skilled labor force in emerging economies such as South Africa, India, and China is expected to hamper the market growth over the forecast period.

Detailed Segmentation:

Global Welding equipment Market, By Level of Automation:

Manual

Semi-automatic

Automatic

Global Welding equipment Market, By Welding Technology:

Arc Welding

Resistance Welding

Oxy-Fuel Welding

Laser Beam Welding

Others

Global Welding equipment Market, By Application:

Automobile & Transportation

Building & Construction

Marine Application

Others

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Key players operating in the global welding equipment market are 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, and voestalpine AG.

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