Global Welding Equipment Market By Overview
Welding Equipment Market accounted for USD 12.91 Billion in 2020 and is estimated to be USD 23.24 Billion by 2030 and is anticipated to register a CAGR of 6.1%.
Welding machines generates heat that melts the metals so that they can joined easily. Shielded Metal Arc Welding (Stick) is one of the popular methods of welding. Along with the welding there are different tools used most welders uses an angle grinder to smoot out joints, wire brushes, or clean metal surface etc. Four main types of welding include MIG-Gas Metal Arc Welding (GMAW), TIG-Gas Tungsten Arc Welding (GTAW), Stick- Shielded Metal Arc Welding (SMAW) and Flux-cored—Flux -cored Arc Welding (FCAW). As welding is itself a danger process it requires some of the precautions, one should have safety glasses, gloves, an autodarkening helmet and a fire-resistant jacket while performing it. It is used for most types of sheet metal wielding, fabrication of pressure vessels and steel structures, automotive industry and home improvement industry.
Global Welding Equipment Market By Drivers & Restraints
Rising demand from end use industries
The welding equipment, are majorly dependent on transportation, construction and metal industries. It is most probably used in transportation industry to manufacture body parts of a vehicle this is major factor driving the growth of welding market. Moreover, another industry which uplifts the market of welding is construction industry. There is much more demand for welded steel in the metal industry, which in turn increases the demand of welding equipment.
However, high energy consumption, sensitive to environment, improper knowledge of welding, poor maintenance and high cost etc. are some restraints of this welding equipment market.
Global Welding Equipment Market By Segmentations & Regional Insights
Welding equipment market is segmented based on technology, end user and region.
On the basis of technology, the welding equipment market is segmented into arc welding, oxy-fuel welding, resistance welding, laser beam welding, and others. On the basis of end user, the target market is segmented into building & construction, automotive & transportation, marine sector, oil & gas, aerospace & defense, and others.
Regional Insights:
On region the Welding equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to register highest growth in welding equipment market. This because of emerging of construction industry in India and China and getting the government support in development of economy drives the market in this region. Europe is witnessing the significant growth over the forecast period
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Technology- Arc Welding, Oxy-Fuel Welding, Resistance Welding, Laser Beam Welding, and Others By End User– Building & Construction, Automotive & Transportation, Marine Sector, Oil & Gas, Aerospace & Defense, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the welding equipment market report based on technology, end user, and region.
Welding Equipment Market, By Region:
- North America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- U.S.
- Canada
- Middle East & Africa
Global Welding Equipment Market By Competitive Landscape & Key Players
The key players operating in the welding equipment market includes Daihen Corporation, Air Liquide SA, Bohler Thyssen Welding USA Inc., Panasonic Welding Systems Co. Ltd., Rofin-Sinar Technologies Inc., ARCON Welding, LLC, Carl Cloos Schweisstechnik GmbH, ACRO Automation Systems, Illinois Tool Works Inc., and Banner Welder Inc.
Global Welding Equipment Market By Company Profile
- Daihen Corp.
- Air Liquide SA
- Bohler Thyssen Welding USA Inc.
- Panasonic Welding Systems Co. Ltd.
- Rofin-Sinar Technologies
- ARCON Welding LLC
- Carl Cloos Schweisstechnik GmbH
- ARCO Automation Systems
- Illinois Tool Works Inc.
- Banner Welder Inc.
Global Welding Equipment Market By Highlights
FAQs
Welding Equipment Market is segmented into basis of technology, end user, and region.
The Market's growth is projected to be limited by a lack of suitable regulations and structural integrity difficulties with traditional welding procedures.
By Region North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are considered in the report. Europe dominated the welding equipment market during the forecast period.
The Key players in the welding equipment market includes, Daihen Corporation, Air Liquide SA, Bohler Thyssen Welding USA Inc., Panasonic Welding Systems Co. Ltd., Rofin-Sinar Technologies Inc., ARCON Welding, LLC, Carl Cloos Schweisstechnik GmbH, ACRO Automation Systems, Illinois Tool Works Inc., and Banner Welder Inc.