DUBLIN–(BUSINESS WIRE)–The “Welding Machinery – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global welding machinery market is poised for significant growth, with an estimated valuation of US$13.1 billion in 2022, projected to expand to US$21.5 billion by 2030.
This growth represents a compound annual growth rate (CAGR) of 6.4% over the analysis period of 2022-2030. Among the segments analyzed, arc welding is expected to lead the market with a 6.5% CAGR, reaching US$14 billion by the end of the analysis period, while oxy-fuel welding is anticipated to grow at a 5.6% CAGR over the next eight years.
Key Market Segments
- Arc Welding Dominates: Arc welding is the leading segment in the market, driven by a 6.5% CAGR, and is projected to reach US$14 billion by 2030. This growth can be attributed to the widespread use of arc welding across various industries for its efficiency and effectiveness.
- Oxy-Fuel Welding Grows: The oxy-fuel welding segment is expected to grow at a CAGR of 5.6% over the analysis period. While not as fast-growing as arc welding, oxy-fuel welding remains a significant part of the market due to its relevance in certain applications.
- U.S. Market Valued at US$3.2 Billion: The welding machinery market in the United States is estimated at US$3.2 billion in 2022.
- China’s Rapid Growth: China, the world’s second-largest economy, is forecast to reach a market size of US$4.7 billion by 2030, with an impressive CAGR of 8.9% over the analysis period.
- Other Noteworthy Markets: Japan and Canada are expected to grow at 3.6% and 5.5%, respectively, from 2022 to 2030. Germany, within Europe, is forecast to grow at approximately 4.3% CAGR.
Select Competitors (Total 349 Featured):
- ABB Ltd.
- Air Liquide SA
- Amada Co., Ltd.
- Aerotech, Inc.
- Asahi/America, Inc.
- Arc Machines, Inc.
- ARO Welding Technologies SAS
- Automation International, Inc.
- Aczet Pvt., Ltd.
- Ador Welding Ltd.
- ALPHA LASER GmbH
- American Torch Tip
- ARCBRO CNC CUTTING MACHINE
- All Pro Industries Pty Ltd
|No. of Pages||1012|
|Forecast Period||2022 – 2030|
|Estimated Market Value (USD) in 2022||$13.1 Billion|
|Forecasted Market Value (USD) by 2030||$21.5 Billion|
|Compound Annual Growth Rate||6.4%|
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Advanced Technologies Bring in a Radical Transformation in Welding Domain
- Integration of Automation & Robotics Solutions Drive Efficiency of Welding Operations
- Welding Robots Advance Growth
- Market for Artificial Intelligence-Enabled Welding Equipment Witnesses Strong Growth
- Buoyed by Technology Advances, Multi-Process Welding Offer Varied Benefits
- Integration of Connectivity and Digitization to Benefit Demand
- Diverse Challenges Encountered by Welding Companies & Relevant Answers
- Laser Welding: A Fast Emerging Trend
- Ample Room for Future Growth of Global Arc Welding Equipment Market
- Use of Collaborative Welding Systems and Adaptative Controls on the Rise
- Solid Wires Replacing Stick Electrodes
- Adhesives Reduce Need for Welding
- Rising Environmental Consciousness Prompting Welding Industry to Pay More Attention to Green Welding Approaches
- User Friendly Equipment: Order of the Day
- Rising Demand for Aluminum Welding Equipment
- Measures to Overcome Issues with Aluminum Welding
- Advances in TIG Welding Offer Growth Opportunities
- FCAW Gains Acceptance
- Hybrid Welding Technology to Drive Growth
- Maintenance & Repair Projects to Drive Demand
- Increased Emphasis on Improving Welding Process
- Favorable HSAW Pipes Market Signals Opportunities
- Steel Production & Consumption: Key Indicators of Welding Market Dynamics
- World Steel Consumption in Million Metric Tons: 2022-2030
- Global Market Prospects & Outlook
- Impact of the Ongoing Russia-Ukraine War on the Global Steel Market
- An Overview of End-Use Segments
- Construction Sector Remains Prominent Consumer
- Global Construction Spending (in US$ Trillion) for the Years 2020, 2022, 2024, 2026 and 2028
- Welding Technology Gains as Oil & Gas Pipes to Get a Boost from Rising Energy Consumption
- Strong Pipeline Development Activity Opens Parallel Opportunities: Global Pipeline Development by Region (In Km) as of the Year 2023
- Growing Investments in Pipeline Infrastructure Strengthens the Business Case Oil & Gas Pipes: Global Capital Cost of Pipelines Under Development (in US$ Billion) as of the Year 2023
- Pipeline Operating Conditions Determine Welding Equipment Usage
- Welded Line Pipe Makes Inroads
- Pure Welds Achieved for Interiors of Crude Oil Pipes Using Oxygen Sensors
- Pipeline Industry Changes Impact Welding Trends
- Global Energy Pipeline Expansion: Pipeline Miles Under Construction and Pipeline Miles Planned by Region (As of 2022)
- 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: A Major End-Use Market
- Global Light Vehicle Production (In Million Units) for Years 2019 through 2025
- Railroad Industry
- Heavy Fabrication
- New Welding Technologies Seek Role in Shipbuilding Programs
- 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
For more information about this report visit https://www.researchandmarkets.com/r/z3jris
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