Due to their demand across construction, heavy machinery industries, etc., the welding market is expected to grow significantly over the forecast period. Given its use through various materials and goods, growth is expected to increase over the forecast period. The future of welding techniques such as arc welding, spot welding, plasma welding, etc. presents even greater opportunities as these methods are designed to join dissimilar and non-metallic materials and to create innovative shape and design products. Today, the welding process has undergone drastic changes due to the technology development, whereby the welding machines operate with the utmost precedence. The welding industry is undergoing rapid development, and new methods are being developed and frequently introduced. But welding is an ever-growing industry that poses job opportunities and challenges for new engineering generations. In fact, welding automation is one such breakthrough that the welding industry market has flourished.
Over the past several years, the welding industry has faced significant restriction in the form of workplace accidents that occur in various manufacturing and welding sites during the course of operation. These injuries are caused by the human body's over-exposure to energy that exceeds physiological tolerance. Therefore, manufacturers are trying to create more innovative and creative welding tasks with the implementation of robotics technology, and to overcome this restraint.
Welding consumables are dominant in this market in terms of revenues. This is mainly due to the demand for custom welding to join dissimilar and non-metallic materials, an increase in steel consumption, etc. In addition, the welding industry is now stressing the adoption of simple and cost-effective welding solutions to protect the work piece from external environment. In such scenarios, welding consumables are gaining momentum as the raw material used for manufacturing consumables includes copper, rutile, aluminum, etc. with high tensile resistance, antioxidants, etc.
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The highest share of revenue in 2018 was in the European market. The region's growth can be attributed to rising demand from the automotive, electronics, transport, heavy machinery, and construction industries for a variety of welding equipment. In addition, significant advances over the years in the field of energy-efficient robotic equipment have performed well for the European market, as several countries have placed strict energy-efficiency regulations on several industries.
Welding Market Revenue & Forecast, (US$ Million), 2015 – 2027
The report provides both, qualitative and quantitative research of welding market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analysed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
With the growing manufacturing process across end-use industries such as mining, construction, pipeline, etc., a need has been witnessed for developing single machine that serves multiple operations. Manufacturers around the globe focus not only on expanding and advancing their manufacturing facilities but also on steady research and development efforts. They also continue to add more value to their products in order to meet future needs and maintain competitiveness in comparison with machine tool manufacturers elsewhere.
The market major players include: ACRO Automation Systems Inc., Air Liquide, ARCON Welding Equipment, Banner Welding Inc., voestalpine Böhler Welding GmbH, Carl Cloos Schweisstechnik GmbH, Daihen Corporation, Illinois Tool Works Inc., Panasonic Industry Europe GmbH, and Coherent-ROFIN.
By Product Type: Welding Equipment , Welding Consumables
By Welding Type: Arc Welding, Spot Welding, MIG/TIG Welding, Laser Welding, Others
By Application: Automotive, Building & Construction, Heavy Engineering, Railway & Shipbuilding,Oil & Gas, Others
North America: (U.S, Canada, Mexico, Rest of North America)
Europe: (France, The UK, Spain, Germany, Italy)
Nordic Countries: (Denmark, Finland, Iceland, Sweden, Norway)
Benelux Union: (Belgium, The Netherlands, Luxembourg, Rest of Europe)
Asia Pacific:(China, Japan, India, New Zealand, Australia, South Korea)
Southeast Asia: (Indonesia, Thailand, Singapore)
Rest of Southeast Asia
Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East and Africa)
Latin America: (Brazil, Argentina, Rest of Latina America)
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