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

Company Logo
Company Logo

Global Market for Welding Machinery

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.

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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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