United States Engine-Driven Welder Market Growth Analysis, Opportunities, Trends, Developments, And Forecast to 2024

The U.S. Energy Information Administration (EIA) states that around 535 million short tons of coal were produced in 22 states of the country. Further, the U.S. Geological Survey reveals that 190 tons of gold were mined in the country in 2020. The organization also states that 150 tons of beryllium were produced in the country in 2020. The surging mining activities in the U.S. will create an enormous requirement for engine-driven welders, as they are required to repair mining machinery, remove damaged parts or cracks, and generate electricity for power auxiliary operations in the absence of base electricity.

Additionally, the rising construction activities, primarily on account of the increasing number of housing projects, will help the U.S. engine-driven welder market grow at a CAGR of 6.0% during the forecast period (2019–2024). According to P&S Intelligence, the market was valued at $133.1 million in 2018, and it will generate more than $188.9 million revenue by 2024. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau approved the construction of 1,598,000 buildings in October 2021.

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The amperage segment of the U.S. engine-driven welder market is classified into 800 A and above, 600 A–799 A, 500 A–599 A, 400 A–499 A, 300 A–399 A, 200 A–299 A, and less than 200 A. Among these, the 300 A–399 A category generated the highest revenue in 2018, and it is also expected to exhibit the fastest growth throughout the forecast period, due to the wide application base of 300 A–399 A engine-driven welders in the pipeline works, commercial, industrial, and residential construction activities, and agricultural and industrial machinery maintenance.

Currently, the U.S. engine-driven welder market is consolidated in nature, with the presence of few players, such as Miller Electric Mfg. LLC, Airgas Inc., One Source Equipment Rentals Inc., A&B Welding Supply, Lincoln Electric Holdings Inc., Middlesex Welding Sales, Barnes Welding Supply, Hobert Welding Products, Cryo Weld, Service Welding Supply, WELDING SUPPLIES FROM IOC, Norco Inc., and TS Distributors Inc. In 2018, Hobert Welding Products, Miller Electric Mfg. LLC, and Lincoln Electric Holdings Inc. accounted for over 85% market share.

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Therefore, the expanding mining sector and surging construction activities will facilitate the adoption of engine-driven welders in the U.S. in the foreseeable future.

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