The global Welding Machinery Market size was USD 17.01 Billion in 2022 and is expected to reach USD 29.23 Billion in 2032, and register a rapid revenue CAGR of 6.2% during the forecast period. Rapid industrialization and urbanization in emerging nations, rising need for energy-efficient and cost-effective welding equipment, and developments in welding technology are major factors driving market revenue growth.

One of the main sectors using welding equipment is the automotive industry due to rising demand for cars in developing nations. Need for welding equipment is also rising in the construction sector because of the increasing building activities in emerging countries. Also, demand for welding equipment is rising across various end-use industries, including aerospace, shipbuilding, and O&G, which is another key factor driving revenue growth of the market.

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Major Companies:

  • Lincoln Electric Holdings Inc.
  • Illinois Tool Works Inc.
  • Colfax Corporation
  • Panasonic Corporation
  • Voestalpine AG
  • Kemppi Oy
  • Amada Miyachi Co., Ltd.
  • Arcon Welding Equipment
  • ESAB Welding & Cutting Products
  • Fronius International GmbH
  • Miller Electric Mfg. LLC
  • Obara Corporation
  • Sohal Welding
  • DAIHEN Corporation
  • The Lincoln Electric Company

 Key questions addressed in the report:

  • What is the expected market size of the global Welding Machinery market during the forecast period?
  • What CAGR is the global market expected to register during the forecast period?
  • Which key factors are expected to boost global market growth between 2021 and 2028?
  • What are the key restraints that are expected to hamper global market growth?
  • Which regional market is expected to register robust CAGR during the forecast period?
  • Which key players are operating the global Welding Machinery market?

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Strategic Developments:

  • In 2021, Lincoln Electric announced the acquisition of Advanced Process Solutions (APS), a leading manufacturer of automated welding solutions. This acquisition will help Lincoln Electric expand its automation offerings and strengthen its position in the welding machinery market.
  • In 2020, Illinois Tool Works (ITW) launched a new line of welding equipment under the brand name, Miller Electric Mfg. LLC. The new line, called ArcReach Smart Feeder, is designed for use in the construction and manufacturing industries and features advanced welding technology.
  • In 2020, Colfax Corporation announced that it had acquired Lorch Schweißtechnik GmbH, a leading manufacturer of welding equipment based in Germany. This acquisition will help Colfax expand its product offerings and strengthen its presence in the European welding machinery market.

 Welding Machinery Market Segmentation:

By Product Type Outlook: 

  • Arc Welding
  • Resistance Welding
  • Laser Welding
  • Oxy-fuel Welding
  • Others

By End-Use Outlook: 

  • Automotive
  • Construction
  • Manufacturing
  • Oil & Gas
  • Others

 Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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