Welding Equipment Market
Welding Equipment Market Study by Automatic, Semi-automatic, and Manual for Automobiles & Transportation, Building & Construction, and Marine from 2024 to 2034
Analysis of Welding Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
FREE CustomizationWelding Equipment Market Outlook (2024 to 2034)
The global welding equipment market size is estimated at US$ 21.93 billion in 2024 and is projected to reach a market size of US$ 36.41 billion by 2034-end, expanding at a CAGR of 5.2% between 2024 and 2034.
Welding, an integral manufacturing and assembly method, facilitates the joining of materials like metals and thermoplastics through fusion. This technology is in a continual state of evolution. Across industries, welding processes play a crucial role in producing a vast array of industrial goods. Consequently, there's a rising global requirement for welding equipment to execute these processes.
Integration of innovative materials in diverse industries has prompted the advancement of state-of-the-art welding technology. As a result, manufacturers are directing their efforts toward innovating new welding machinery and equipment to cater to the escalating demand and address the imperative for timely product development.
Equipment used in welding plays a crucial role in achieving the main objective of creating a strong and lasting connection between metals and thermoplastics. Welding equipment represents a range of tools and machinery that apply heat and pressure to join these materials together.
Crucial components of welding equipment consist of welding machinery, electrodes, filler metals, welding helmets, and protective clothing. Welding machinery comes in various types, such as MIG welders, arc welders, and TIG welders, designed for specific purposes. Electrodes and filler metals are selected based on their compatibility with the materials being welded and the preferred welding techniques. Furthermore, the operator's safety is ensured through the use of welding helmets and protective clothing, which protect against extreme heat, UV radiation, and sparks.
| Report Attributes | Details |
|---|---|
| Welding Equipment Market Size (2024E) | US$ 21.93 Billion |
| Forecasted Market Value (2034F) | US$ 36.41 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.2% CAGR |
| North America Market Growth Rate (2024 to 2034) |
5.6% CAGR |
| East Asia Market Growth Rate (2024 to 2034) |
5.5% CAGR |
| Automatic Segment Market Share (2024E) | 46.9% |
| Arc Welding Segment Market Share (2024E) | 69.2% |
| Key Companies Profiled | Arcon Welding Equipment; Colfax Corporation; OBARA CORP; Panasonic Corporation; Amada Miyachi, Inc.; DAIHEN Corporation; ESAB Welding & Cutting Products; Fronius International GmbH; Rofin-Sinar Technologies; Sonic & Materials Inc. |
Why is There Increasing Use of Welding Equipment Worldwide?
“Integration of Augmented and Virtual Reality Revolutionizing Welding Industry”
Augmented reality (AR) and virtual reality (VR) technologies provide interactive experiences designed for training, simulation, and remote supervision of welding operations. These technologies provide training modules that allow welders to enhance their skills in risk-free environments. Through virtual welding machines, they can practice without the need for actual welding equipment.
AR and VR also enable remote guidance, allowing seasoned welders or supervisors to offer live instructions and aid to on-site personnel. This remote support streamlines issue resolution, minimizes downtime, and guarantees precise execution of welding tasks, irrespective of geographical location.
“Growing Demand for Welding Equipment from Construction Sector”
Welding equipment finds extensive use in the construction sector, serving various purposes like joining steel reinforcements, crafting external window grills, constructing metal doors, and erecting steel structures. Consequently, with the ongoing expansion of the construction industry, the demand for welding equipment is projected to rise, fostering further growth in the welding equipment market.
Market growth can be attributed to infrastructure development, elevating living standards, and the burgeoning middle-class populace in developing regions. These factors drive the increased adoption of welding equipment, essential for manufacturing a diverse range of automotive components. Additionally, the escalating purchasing power of the masses in emerging economies contributes to the growth of the building construction industry, thereby driving the growth of the welding equipment market.
What are the Main Factors Restraining Market Growth?
“Lack of Skilled Labor Hampering Product Development”
The welding industry heavily relies on proficient labor. As per experts in the welding industry, there exists a global shortage of skilled welders. Notably, the primary challenge encountered by the welding industry pertains to the elevated labor costs in developed regions like North America and Europe.
Significant number of infrastructure project contractors rely on welding and cutting tools, yet they grapple with a shortage of skilled welding professionals for their operations. Vital infrastructure endeavors, including roads, railways, bridges, power installations, and shipping, extensively hinge upon metal joining technologies.
“High Initial Investments for Advanced Welding Equipment”
The initial investment necessary for advanced welding equipment can be substantial, presenting a hurdle for companies with limited capital. The elevated costs of these new technologies serve as a deterrent for businesses operating with constrained funds.
To mitigate this challenge, equipment leasing and financing emerge as feasible solutions to overcome the initial investment obstacle in the market. Embracing equipment leasing allows businesses to evade the weight of substantial upfront expenses, opting instead for manageable periodic lease payments. This strategy empowers companies, particularly smaller market participants, to acquire welding machinery and technology without exhausting their financial resources.
Country-wise Insights
The market can be geographically fragmented into Europe, East Asia, North America, South Asia and Oceania, Latin America, and the Middle East and Africa. In East Asia, the manufacturing sector in China is developing day by day owing to the rising government initiatives to boost production.
What is the Demand Outlook for Welding Equipment in China?
“Market Driven by Swift Growth of Automotive Sector and Increased Vehicle Production”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 4.7 Billion |
| Growth Rate (2024 to 2034) | 5.6% CAGR |
| Projected Value (2034F) | US$ 8.14 Billion |
East Asia occupies a dominant market share due to the concentration of various end-use industries within the region. The market's momentum is notably influenced by the presence of burgeoning economies such as China.
Factors such as the rapid expansion of the automotive sector and increased vehicle production are driving market growth in the nation. The market is also benefiting from rapid population growth, the expansion of the workforce, and rising income levels, which are all contributing to increased demand for welding equipment in the country.
Why is Germany a Key Market for Welding Equipment Manufacturers?
“Process Innovations in Automotive Manufacturing”
Europe stands as a leading global hub for automobile manufacturing, drawing significant foreign direct investment (FDI) into its automotive sector. The growth of the automotive industry is attributed to process innovations, ongoing advancements in research and development (R&D), and the amplification of automobile production, notably in nations like Germany.
Germany boasts the presence of renowned global automobile giants such as Volkswagen, BMW, and Mercedes, which consistently emphasize augmenting annual production volumes. Consequently, this drives the heightened demand for welding equipment within the country.
Category-wise Insights
In terms of technology, the market is segmented into arc welding, resistance welding, oxy-fuel welding, and laser-beam welding. The arc welding technology segment has emerged as the market leader in welding equipment for several compelling reasons. Based on application, the market is divided into automobiles & transportation, building & construction, and marine.
Which Technology is Commonly Used in Welding Equipment?
“Cost-effectiveness and Adaptability of Arc Welding Driving Widespread Adoption"
| Attribute | Arc Welding |
|---|---|
| Segment Value (2024E) | US$ 15.17 Billion |
| Growth Rate (2024 to 2034) | 5.3% CAGR |
| Projected Value (2034F) | US$ 25.52 Billion |
The arc welding segment is poised for growth due to its cost-effectiveness and versatile nature. This method offers a seamless and adaptable welding process utilized across diverse industries. This technique is particularly prominent in fabricating steel for the automotive and construction sectors.
Increased adoption of arc welding stems from its innovative application in joining metal sheets with low-alloy elements for increased strength. Arc welding, known for its adaptability and reliability, caters to a broad spectrum of applications in industries like construction, manufacturing, and automotive. Its capability to unite various materials, including metals and alloys, contributes to its widespread acceptance. Furthermore, arc welding techniques such as MIG and TIG have gained acclaim for their precision and efficiency, especially in critical operations.
Which Sectors are Key End Users of Welding Equipment?
"Widespread Use of Welding Equipment in Construction, Automotive, and Marine Sectors"
| Attribute | Building & Construction |
|---|---|
| Segment Value (2024E) | US$ 10.1 Billion |
| Growth Rate (2024 to 2034) | 5.4% CAGR |
| Projected Value (2034F) | US$ 17.1 Billion |
Growth of the construction sector in both developed and developing countries is driving the demand for welding equipment. Furthermore, rapid industrialization is projected to fuel market growth in the foreseeable future. Welding equipment is vital for joining complex and large structures in construction.
In terms of end-users, the automotive and marine sectors are projected to hold a significant share of the welding equipment market by 2034. Increasing importance of manufacturing high-quality automotive components and expanding applications in the marine industry are positively impacting global demand for welding equipment.
Competitive Landscape
Manufacturers employ diverse strategies such as acquisitions, mergers, joint ventures, new product developments, and geographical expansions to bolster market outreach and meet evolving technological demands across sectors such as automotive, construction, marine, and more. Renowned for their innovative and dependable welding technologies, these companies significantly contribute to industries like manufacturing and construction.
- In November 2020, ESAB Welding & Cutting Products unveiled Shield-Bright NiCrMo-3, a 625-type electrode designed for manual and automatic flux-cored wide-weave welding. Specifically crafted for 9% nickel steel in the vertical-up (3G) position, this electrode utilizes a 75% argon/25% CO2 shielding gas blend.
Segmentation of Welding Equipment Market Research
-
By Type:
- Automatic
- Semi-automatic
- Manual
-
By Application:
- Automobiles & Transportation
- Building & Construction
- Marine
-
By Technology:
- Arc Welding
- Resistance Welding
- Oxy-fuel Welding
- Laser-beam Welding
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (US$ Mn) Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 6. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Type
- 6.1. Automatic
- 6.2. Semi-automatic
- 6.3. Manual
- 7. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application
- 7.1. Automobiles & Transportation
- 7.2. Building & Construction
- 7.3. Marine
- 8. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Technology
- 8.1. Arc Welding
- 8.2. Resistance Welding
- 8.3. Oxy-fuel Welding
- 8.4. Laser-beam Welding
- 9. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 11. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 12. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. South Asia & Oceania Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Arcon Welding Equipment
- 17.2. Colfax Corporation
- 17.3. OBARA CORP
- 17.4. Panasonic Corporation
- 17.5. Amada Miyachi, Inc.
- 17.6. DAIHEN Corporation
- 17.7. ESAB Welding & Cutting Products
- 17.8. Fronius International GmbH
- 17.9. Rofin-Sinar Technologies
- 17.10. Sonic & Materials Inc.
- 18. Assumptions and Acronyms Used
- 19. Research Methodology
List Of Table
Table 1: Global Market Value (US$ Mn) Analysis, by Type, 2018 to 2023
Table 2: Global Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 3: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 4: Global Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 5: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 6: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 7: Global Market Value (US$ Mn) Analysis, by Technology, 2018 to 2023
Table 8: Global Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 9: Global Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2018 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Type, 2018 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Technology, 2018 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Type, 2018 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Technology, 2018 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Europe Market Value (US$ Mn) Analysis, by Type, 2018 to 2023
Table 41: Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 43: Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 44: Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 46: Europe Market Value (US$ Mn) Analysis, by Technology, 2018 to 2023
Table 47: Europe Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by Type, 2018 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 55: East Asia Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 56: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 58: East Asia Market Value (US$ Mn) Analysis, by Technology, 2018 to 2023
Table 59: East Asia Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Type, 2018 to 2023
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by Technology, 2018 to 2023
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: MEA Market Value (US$ Mn) Analysis, by Type, 2018 to 2023
Table 77: MEA Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 79: MEA Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 80: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 82: MEA Market Value (US$ Mn) Analysis, by Technology, 2018 to 2023
Table 83: MEA Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
List Of Figures
Figure 1: Global Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 2: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 3: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 4: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 5: Global Market Share and BPS Analysis by Type, 2024 & 2034
Figure 6: Global Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 7: Global Market Attractiveness Analysis by Type, 2024 to 2034
Figure 8: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 9: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 52: Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 57: Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 58: Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 59: Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 60: Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 61: Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 62: Europe Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 63: Europe Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 64: Europe Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 68: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 69: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 71: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 72: East Asia Market Share and BPS Analysis by Type, 2024 & 2034
Figure 73: East Asia Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 74: East Asia Market Attractiveness Analysis by Type, 2024 to 2034
Figure 75: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 76: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 77: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 78: East Asia Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 79: East Asia Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 80: East Asia Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2024 to 2034
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2024 & 2034
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Type, 2024 & 2034
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Type, 2024 to 2034
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Application, 2024 & 2034
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Application, 2024 to 2034
Figure 94: South Asia & Oceania Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 96: South Asia & Oceania Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 100: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 101: MEA Market Share Analysis by Country, 2024 & 2034
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 103: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 104: MEA Market Share and BPS Analysis by Type, 2024 & 2034
Figure 105: MEA Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 106: MEA Market Attractiveness Analysis by Type, 2024 to 2034
Figure 107: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 108: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 109: MEA Market Attractiveness Analysis by Application, 2024 to 2034
Figure 110: MEA Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 111: MEA Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 112: MEA Market Attractiveness Analysis by Technology, 2024 to 2034
- FAQs -
What is the size of the welding equipment market?
The global welding equipment market is estimated at US$ 21.93 billion in 2024.
What is the sales projection for welding equipment by 2034?
By 2034-end, worldwide sales of welding equipment are projected to reach US$ 36.41 billion.
At what rate is the demand for welding equipment forecasted to rise?
Demand for welding equipment is forecasted to increase at 5.2% CAGR from 2024 to 2034.
At what rate is the market in North America forecasted to grow?
The market in North America is forecasted to expand at a 5.6% CAGR from 2024 to 2034.
Which country is a key market for welding equipment manufacturers?
The United States is forecasted to account for a leading 73.1% share of the North American market by 2034.
Which type of welding equipment is set to occupy a leading market share?
Automatic welding equipment is forecasted to account for 47.8% market share by 2034.
Welding Equipment Market