Global Welding Equipment Market Size, Share, and COVID-19 Impact Analysis, By Type (Automatic, Semi-Automatic, and Manual), By Technology (Arc Welding, Resistance Welding, Laser Beam Welding, Oxy-Fuel Welding, and Others), By End-Use (Aerospace, Automotive, Building & Construction, Energy, Oil & Gas, Marine, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2032.

Industry: Machinery & Equipment


Global Welding Equipment Market Size Insights Forecasts to 2032

  • The welding equipment Market Size was valued at USD 18.50 Billion in 2022.
  • The Market Size is Growing at a CAGR of 4.7% from 2023 to 2032
  • The Worldwide Welding equipment Market Size is expected to reach USD 29.28 Billion by 2032
  • South America is expected to Grow significant during the forecast period


Global Welding Equipment Market

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The Global Welding Equipment Market Size is expected to reach USD 29.28 Billion by 2032, at a CAGR of 4.7% during the forecast period 2023 to 2032.


Market Size Overview

Welding equipment encompasses a diverse range of tools and machinery utilized in the process of joining metals and thermoplastics through the application of heat and pressure. The fundamental objective of welding is to create a strong, durable bond between materials, and the equipment used plays a pivotal role in achieving this goal. Key components of welding equipment include welding machines, electrodes, filler metals, welding helmets, and safety gear. Welding machines come in various types, such as arc welders, MIG welders, TIG welders, and more, each suited to specific applications. Electrodes and filler metals are chosen based on material compatibility and welding process. Welding helmets and protective gear are essential for operator safety, shielding against intense heat, UV radiation, and sparks. The efficiency and quality of welding projects heavily rely on the selection and proper use of welding equipment, making it a cornerstone of various industries, including manufacturing, construction, and automotive.


Report Coverage

This research report categorizes the Market Size for welding equipment Market Size based on various segments and regions and forecasts revenue Growth and analyzes trends in each sub Market Size. The report analyses the key Growth drivers, opportunities, and challenges influencing the welding equipment Market Size. Recent Market Size developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the Market Size. The report strategically identifies and profiles the key Market Size players and analyses their core competencies in each sub-segment of the welding equipment Market Size.


Global Welding Equipment Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD 18.50 Billion
Forecast Period:2022-2032
Forecast Period CAGR 2022-2032 :4.7%
2032 Value Projection:USD 29.28 Billion
Historical Data for:2019-2020
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Type, By Technology, By End-Use, By Region and COVID-19 Impact.
Companies covered:: Lincoln Electric, ACRO Automation Systems, Inc., AIR LIQUIDE, Mitco Weld Products Pvt. Ltd., Voestalpine Bohler Welding Group GmbH, Carl Cloos Schweisstechnik GmbH, OTC DAIHEN Inc., Illinois Tool Works Inc., Panasonic Industry Co., Ltd., Coherent, Inc., ESAB, Polysoude S.A.S., Kemppi Oy., CRUXWELD, and other key vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth & Analysis.

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Driving Factors

The welding equipment Market Size is influenced by a multitude of drivers that collectively shape its dynamics and Growth trajectory. The robust expansion of the global construction industry continues to fuel demand for welding equipment, driven by infrastructure development, urbanization, and the need for modern architectural solutions. The automotive sector plays a significant role as it constantly demands welding equipment for the assembly and repair of vehicles, driven by consumer preferences for advanced automobiles and stringent safety standards. The manufacturing industry, encompassing sectors like aerospace, shipbuilding, and machinery production, significantly contributes to the Growth of the welding equipment Market Size. These industries rely on welding for the fabrication of various components, including complex structures and precision parts. Additionally, the energy sector, including the construction and maintenance of power plants, pipelines, and renewable energy installations, is a crucial driver as welding plays a pivotal role in ensuring the integrity and longevity of critical infrastructure. The oil and gas industry also exerts influence due to the demand for welding equipment in the construction and maintenance of pipelines, refineries, and offshore structures. Moreover, the Growing trend towards lightweight materials in various industries, including automotive and aerospace, has driven the need for advanced welding technologies capable of joining diverse materials efficiently, propelling innovation and Growth in the sector. Environmental concerns and regulations are increasingly shaping the welding equipment Market Size, as governments worldwide advocate for cleaner and more sustainable manufacturing processes. This has led to a shift towards eco-friendly welding techniques, such as laser and electron beam welding, which reduce emissions and waste. Technological advancements, such as automation and robotics in welding processes, enhance efficiency, accuracy, and productivity, thereby stimulating Market Size Growth. Additionally, the rising adoption of Industry 4.0 principles, with integrated data analytics and connectivity, is revolutionizing welding equipment with smart features that improve monitoring, maintenance, and overall performance.


Restraining Factors

The welding equipment Market Size faces several significant restraints, including the high initial capital investment required for advanced welding machinery and automation systems, which can deter smaller enterprises from adopting these technologies. Additionally, a shortage of skilled welding operators and technicians poses a constraint, as the industry demands a highly trained workforce to operate and maintain complex equipment. Environmental concerns and stringent regulations regarding emissions and worker safety also add compliance burdens and costs. Moreover, economic fluctuations and geopolitical tensions can affect Market Size stability, while the slow adoption of welding automation in certain industries limits Market Size Growth potential. Competition from alternative joining technologies like adhesive bonding and fasteners presents an ongoing challenge for the welding equipment Market Size.


Market Size Segmentation

  • In 2022, the automatic segment accounted for around 50.6% Market Size share

On the basis of the type, the global welding equipment Market Size is segmented into automatic, semi-automatic, and manual. The automatic type segment has taken the lead in the welding equipment Market Size due to several compelling reasons. Automation offers enhanced precision, consistency, and efficiency in welding processes, reducing human error and increasing productivity. Industries are increasingly adopting automated welding systems to achieve higher output rates and maintain product quality. Furthermore, automation minimizes labor costs and the need for skilled welders, making it a cost-effective choice for manufacturers. As industries worldwide embrace Industry 4.0 and smart manufacturing, the automatic welding equipment segment is at the forefront, capitalizing on the benefits of technology integration and data-driven operations.


  • The ARC welding segment held the largest Market Size with more than 65.2% revenue share in 2022

Based on the technology, the global welding equipment Market Size is segmented into ARC welding, resistance welding, laser beam welding, oxy-fuel welding, and others. The arc welding technology segment has emerged as the Market Size leader in welding equipment for several compelling reasons. ARC welding offers versatility and reliability, making it suitable for a wide range of applications across industries such as construction, manufacturing, and automotive. Its ability to join various materials, including metals and alloys, adds to its widespread adoption. Moreover, ARC welding techniques like MIG and TIG have gained prominence due to their precision and efficiency, especially in critical applications. As industries continue to evolve, arc welding technology remains a robust and adaptable choice, driving its leadership in the welding equipment Market Size


  • The building and construction segment is expected to Grow at a CAGR of around 4.8% during the forecast period

Based on the end-user, the global welding equipment Market Size is segmented into aerospace, automotive, building & construction, energy, oil & gas, marine, and others. The building and construction segment is projected for substantial Growth during the forecast period due to several factors. Rapid urbanization, population Growth, and infrastructure development projects are driving demand for welding equipment in the construction sector. Welding is integral for fabricating structural components, reinforcing steel, and joining various construction materials. Additionally, as sustainable building practices gain traction, welding equipment is vital for constructing energy-efficient structures. These trends, along with government investments in infrastructure, are expected to propel significant expansion in the building and construction segment of the welding equipment Market Size.


Regional Segment Analysis of the Welding Equipment Market Size

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)


Asia-Pacific dominated the Market Size with more than 34.2% revenue share in 2022.


Global Welding Equipment Market

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Based on region, Asia Pacific has consistently led the welding equipment Market Size share due to burgeoning industrialization, especially in countries like China and India, which has spurred immense construction, manufacturing, and infrastructure development, driving substantial demand for welding equipment across various sectors. Additionally, Asia Pacific benefits from lower labor costs, making it an attractive hub for manufacturing, which, in turn, fuels the demand for welding machinery and automation solutions. Moreover, ongoing investments in technological advancements and the Growing automotive and aerospace industries further contribute to the region's dominant position in the welding equipment Market Size.


The South American welding equipment Market Size is projected for significant Growth during the forecast period due to rapid urbanization and increasing infrastructure projects across the continent are driving the demand for welding equipment in the construction and manufacturing sectors. The region's rich natural resources, particularly in mining and oil and gas, necessitate welding for exploration and production, further boosting the Market Size. Additionally, initiatives promoting renewable energy and investments in the automotive and aerospace industries are expected to fuel demand. As South American nations modernize their industrial infrastructure, the welding equipment Market Size is set to witness substantial expansion in the coming years.


Recent Developments

  • In February 2023, Weldmac Manufacturing Company, a premier designer and producer of high-performance, complex metal fabricated components and assemblies for the aerospace, defense, and space launch end sectors, has announced that TriMas has signed an agreement to buy its operational net assets.


  • In December 2021, The Lincoln Electric Company (a global manufacturer of welding products, arc welding equipment, welding consumables, plasma and oxy-fuel cutting equipment, and robotic welding systems) introduced the 'Ranger 330MPX EFI,' a versatile and compact unit built for all seasons with a more powerful, smarter, smaller, and quieter machine.


Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global welding equipment Market Size along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment Market Size share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the Market Size.


List of Companies:

  • Lincoln Electric
  • ACRO Automation Systems, Inc.
  • Mitco Weld Products Pvt. Ltd.
  • Voestalpine Bohler Welding Group GmbH
  • Carl Cloos Schweisstechnik GmbH
  • Illinois Tool Works Inc.
  • Panasonic Industry Co., Ltd.
  • Coherent, Inc.
  • ESAB
  • Polysoude S.A.S.
  • Kemppi Oy.


Key Target Audience

  • Market Size Players
  • Investors
  • End-Users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture Capitalists
  • Value-Added Resellers (VARs)


Market Size Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global welding equipment Market Size based on the below-mentioned segments:


Welding Equipment Market Size, By Type

  • Automatic
  • Semi-Automatic
  • Manual


Welding Equipment Market Size, By Technology

  • Arc Welding
  • Resistance Welding
  • Laser Beam Welding
  • Oxy-Fuel Welding
  • Others


Welding Equipment Market Size, By End-Use

  • Aerospace
  • Automotive
  • Building & Construction
  • Energy
  • Oil & Gas
  • Marine
  • Others


Welding Equipment Market Size, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

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