Global Welding Equipment Market Size & Outlook, 2023-2030
Global welding equipment market, 2018-2030 (US$M)
Related Markets
Global welding equipment market highlights
- The global welding equipment market generated a revenue of USD 19,715.8 million in 2023 and is expected to reach USD 27,765.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5% by 2030.
- In terms of segment, arc welding accounted for a revenue of USD 13,911.6 million in 2023.
- Laser Beam Welding is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 19,715.8 million |
| Market revenue in 2030 | USD 27,765.7 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Arc welding |
| Fastest growing segment | Laser Beam Welding |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Arc Welding, Resistance Welding, Laser Beam Welding, Oxy-Fuel Welding, Other Technology |
Other key industry trends
- In terms of revenue, the North America accounted for 27.5% of the global welding equipment market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 783.0 million by 2030.
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Welding Equipment Market Scope
Welding Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kemppi | View profile | 501-1000 | Lahti, Southern Finland, Finland, Europe | http://www.kemppi.com/ |
| POLYSOUDE | View profile | 251-500 | Nantes, Pays de la Loire, France, Europe | https://www.polysoude.com |
| Mitco Global | View profile | 11-50 | Auburn, Washington, United States, North America | https://mitcoglobal.com |
| Ador Welding | View profile | 501-1000 | Mumbai, Maharashtra, India, Asia | https://www.adorwelding.com/ |
| Coherent Corp | View profile | 27000 | 375 Saxonburg Boulevard, Saxonburg, PA, United States, 16056 | https://www.ii-vi.com |
| Panasonic Industry | View profile | 1001-5000 | Ottobrunn, Bayern, Germany, Europe | https://www.panasonic-electric-works.co.uk |
| OTC DAIHEN | View profile | 51-100 | Tipp City, Ohio, United States, North America | https://www.daihen-usa.com |
| Carl Cloos Schweisstechnik | View profile | 501-1000 | Haiger, Hessen, Germany, Europe | https://www.cloos.de/ |
| ACRO AUTOMATION SYSTEMS, INC. | View profile | 101-250 | Milwaukee, Wisconsin, United States, North America | http://acro.com |
| Voestalpine AG | View profile | 50712 | Voestalpine-Strasse 1, Linz, Austria, 4020 | https://www.voestalpine.com |
| ESAB Corp | View profile | 9000 | 909 Rose Avenue, 8th Floor, North Bethesda, MD, United States, 20852 | https://www.esabcorporation.com |
| Lincoln Electric Holdings Inc | View profile | 12000 | 22801 Street Clair Avenue, Cleveland, OH, United States, 44117 | https://www.lincolnelectric.com |
| Illinois Tool Works Inc | View profile | 45000 | 155 Harlem Avenue, Glenview, IL, United States, 60025 | https://www.itw.com |
Global welding equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to welding equipment market will help companies and investors design strategic landscapes.
Arc welding was the largest segment with a revenue share of 70.56% in 2023. Horizon Databook has segmented the Global welding equipment market based on arc welding, resistance welding, laser beam welding, oxy-fuel welding, other technology covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Welding Equipment Technology Outlook (Revenue, USD Million, 2018-2030)
- Arc Welding
- Shielded Metal/Stick Arc Welding
- MIG
- TIG
- Plasma Arc Welding
- Other Arc Welding
- Resistance Welding
- Laser Beam Welding
- Oxy-Fuel Welding
- Other Technology
- Arc Welding
- Global Welding Equipment Type Outlook (Revenue, USD Million, 2018-2030)
- Automatic
- Semi-Automatic
- Manual
- Global Welding Equipment End Use Outlook (Revenue, USD Million, 2018-2030)
- Aerospace
- Automotive
- Building & Construction
- Energy
- Oil & Gas
- Marine
- Other End-use
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Target buyers of Global welding equipment market databook
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Our clientele includes a mix of welding equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global welding equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global welding equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global welding equipment market size, by regions, 2018-2030 (US$M)
Top 10 countries: Welding equipment market size, 2023 (US$M)
Global welding equipment market share, by technology, 2023 & 2030 (%, US$M)
Welding equipment market: Opportunity assessment by country
Global welding equipment market, by region, 2023 (US$M)
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