Welding Equipment Market Innovative Study Focusing on Expects to See Significant Growth by 2031

Welding equipment is extensively used in various industries such as automotive, aerospace, ship building, and other fabrication workshops for fusing two or more metal components together. Furthermore, welding equipment is used in building and infrastructure applications. For instance, welding equipment is used for connecting structural components for steel bridges. The welding equipment market size was valued at $8.3 billion in 2021, and is estimated to reach $13.9 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.

The automotive industry has witnessed significant growth in emerging economies. The Indian automotive industry has grown by about 10% from about $100 billion in 2021 to about $110 billion in 2022. Welding equipment are extensively used to fabricate and connect various automotive components such as chassis, transmission components, and exterior components such as doors and hood. Thus, growth of automotive industry boosts the welding equipment market.

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Advancements in welding technology have led to the development of various welding techniques that are more efficient, accurate, and safer than traditional methods. For example, laser welding technology that uses a high-powered laser beam to melt and join two or more materials. It is a fast and precise welding method, which produces high-quality welds with minimal distortion.

In addition to that, robotic welding technology uses robots to perform welding operations. It is commonly used in manufacturing industry for welding large volumes of components with high precision and efficiency. For instance, in November 2022, Hans Robots launched new automated arc welding system that improves the accuracy, efficiency, and stability of welding. Thus, launch of advanced welding equipment provides lucrative opportunities for market growth.

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Runners Include Are:
Panasonic Industry Co., Ltd., Fanuc, Carl Cloos Schweisstechnik GmbH, Cruxweld Industrial Equipments Pvt. Ltd., Illinois Tool Works Inc., ACRO Automation Systems, Inc., kemppi Oy, ESAB, Coherent, Inc., The Lincoln Electric Company

Key Segments Mentioned Here Are:

By Type
Arc welding
Resistance spot welding
Other

By Technology
Automatic
Manual

By End user industry
Automotive
Construction
Heavy engineering
Other

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