Global Welding Machinery Strategic Business Report 2023: Use of Collaborative Welding Systems and Adaptative Controls on the Rise

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Global Market for Welding Machinery

Global Market for Welding Machinery

Dublin, March 02, 2023 (GLOBE NEWSWIRE) -- The "Welding Machinery: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Welding Machinery estimated at US$13 Billion in the year 2022, is projected to reach a revised size of US$22.8 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030.

Arc Welding, one of the segments analyzed in the report, is projected to record a 8.3% CAGR and reach US$9.1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Oxy-Fuel Welding segment is readjusted to a revised 6.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 9.6% CAGR

The Welding Machinery market in the U.S. is estimated at US$3.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2030 trailing a CAGR of 9.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 6.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.6 Billion by the year 2030.

Select Competitors (Total 382 Featured) -

• ACRO Automation Systems, Inc.

• Carl Cloos Schweisstechnik GmbH

• Coherent, Inc.

• Daihen Corporation

• Denyo Co., Ltd.

• ESAB

• Fronius International GmbH

• IDEAL-Werk

• IGM Robotersysteme AG

• Illinois Tool Works, Inc.

• Hobart Brothers LLC

• Miller Electric Mfg. LLC

• Kemppi Oy

• Kiefel GmbH

• Kobe Steel, Ltd.

• KUKA AG

• Manufacturing Technology, Inc.

• Panasonic Corporation

• Sonics & Materials, Inc.

• The Lincoln Electric Company

• Tianjin Bridge Welding Materials Group Co., Ltd.

• voestalpine Bohler Welding Group GmbH

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies - Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Report Metrics:

Report Attribute	Details
No. of Pages	1144
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$13 Billion
Forecasted Market Value (USD) by 2030	$22.8 Billion
Compound Annual Growth Rate	7.3%
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?

• Progress on Vaccinations: Why Should Businesses Care?

• Welding Equipment Industry to Recuperate Losses after COVID-19 Setback

• Competitive Scenario

• Welding Machinery - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• An Introductory Prelude to Welding Machinery

• Global Market Prospects & Outlook

• Global Welding Machinery Market by End-Use Sector (2021E): Percentage Breakdown of Value Sales for Automotive, Building & Construction, Aerospace, Energy, Oil & Gas, Marine, and Other End-Uses

• Growth Drivers

• Select Product Segments: A Review

• Developed Nations Make Way for Emerging Markets

• Global Welding Machinery Market - Geographic Regions Ranked by % CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan

• Developed Regions Remain the Primary Revenue Contributors for World Welding Machinery Market - Percentage Breakdown of Sales for Developed Regions & Developing Regions (2021 & 2027P)

• Asian Markets: An Impregnable Turf for International Giants

• Anticipated STable Economic Scenario to Extend Growth Opportunities

• A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023

• Welding Machinery: Product Overview

• Welding Machinery Industry: A Categorization

• Robotic Welding

• Recent Market Activity

• Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Emerging Welding Technology Trends: Key Insights into 2022

• Diverse Challenges Encountered by Welding Companies & Relevant Answers

• Innovations Galore!

• SpeedCore System Emerges to Replace Reinforced Concrete Core System, PAUT Offers Advantages

• Select Latest Innovations

• Laser Welding: A Fast Emerging Trend

• Ample Room for Future Growth of Global Arc Welding Equipment Market

• Use of Collaborative Welding Systems and Adaptative Controls on the Rise

• Automated Welding Offers Significant Potential

• Robotic Welding Systems Offer Various Benefits

• Novarc Technologies' Collaborative Robot Powered by AI and Machine Vision Technologies to Improve Quality Consistency in Welding

• Deployment of Robotic Welding Systems based on Advanced Technologies to Become Easier in the Future

• John Deere in Association with Intel Develops a System with Machine Vison and Neural Network AI Algorithm for Improved Defect Detection

• Solid Wires Replacing Stick Electrodes

• Adhesives Reduce Need for Welding

• User Friendly Equipment: Order of the Day

• Rising Demand for Aluminum Welding Equipment

• Measures to Overcome Issues with Aluminum Welding

• Advances in TIG Welding Offer Growth Opportunities

• FCAW Gains Acceptance

• Hybrid Welding Technology to Drive Growth

• Plastics Welding Sidelines Metal Welding

• Maintenance & Repair Projects to Drive Demand

• Increased Emphasis on Improving Welding Process

• Favorable HSAW Pipes Market Signals Opportunities

• Steel Production & Consumption: Key Indicators of Welding Market Dynamics

• World Steel Consumption in Million Metric Tons: 2020-2027

• Hit by COVID-19 Outbreak, Steel Industry & Demand Speedily Returning to Normalcy: The Current Scenario

• Regional Recovery Scenario

• Healthy Prospects for Steel Industry in Developing Countries

• An Overview of End-Use Segments

• Construction Sector Remains Prominent Consumer

• World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022

• Global Value of Megacity Construction Projects (US$ Billion) in 2019

• Oil & Gas: Rise in Pipeline Projects Signals Growth Avenues for Welding Equipment

• Global Capital Spending (in $ Billion) on Planned & Announced Oil & Gas Projects by Segment (2018-2025)

• Pipeline Investments to Soar Post-Pandemic

• Number of Crude Oil Pipeline Worldwide by Project Status: 2020

• Number of Natural Gas Pipeline Worldwide by Project Status: 2020

• Changing Energy Mix Set to Influence Market Prospects

• Global Energy Demand & Growth (In Million Tonnes of Oil Equivalent (Mtoe)) for the Years 1990, 2000, 2010, 2020, 2030 and 2040

• Global Primary Energy Consumption by Source (in %) for 2018 and 2040

• Pipeline Operating Conditions Determine Welding Equipment Usage

• Welded Line Pipe Makes Inroads

• Pure Welds Achieved for Interiors of Crude Oil Pipes Using Oxygen Sensors

• Power Generation

• Global Electricity Generation in Billion kWh for the Years 2010, 2020, 2030, 2040 and 2050

• China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for 2017-50

• Wind Energy

• Nuclear Power Plants

• Automotive Manufacturing

• World Automobile Production in Million Units: 2008-2022

• Railroad Industry

• Heavy Fabrication

• Shipbuilding

• New Welding Technologies Seek Role in Shipbuilding Programs

• ESAB's Welding Systems Equipped with WeldCloud

• Orbital Welding Systems for Precision Welds for Semiconductor and Biopharmaceutical Industries

• New Technology Improves Capabilities of Orbital Welding Systems for Improved Manufacturing

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/phfwlv

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Attachment

• Global Market for Welding Machinery

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