Welding MarketWelding Market Report Probes the USD billion Size, Share, Growth Report and Future Analysis by 2032
Welding Market, Forecast 2024-2032
Base Year: 2023
150 Pages
Welding Market Report Probes the USD billion Size, Share, Growth Report and Future Analysis by 2032
Key Insights
The Welding Market size was valued at USD 23.75 USD billion in 2023 and is projected to reach USD 32.76 USD billion by 2032, exhibiting a CAGR of 4.7 % during the forecast period. Welding is one of the central joining processes more or less used in all industries; it involves the combination of materials by fusion. It consists of various techniques specially designed for different materials to be used for different applications. The most common types are arc welding and gas welding, a term which refers to the production of an electric arc and to the use of fuel gases. The features of welding to be mentioned are its flexibility when it comes to materials like metals and thermoplastics to allow the creation of highly complex structural shapes with precision. Welding applications cut across different industries such as construction and the automotive industry and also in the aerospace and shipbuilding industries. Its significance is that it is used in making reliable fastenings that are needed for the stability and reliability of the structure of the product. This is not the only benefit of the welding activity; it also finds application in art and architecture for the carving of different sculptural pieces and the construction of large buildings. Welding enables the integration of complex parts to promote advances in engineering technologies and infrastructure.
Welding Trends
- Increasing adoption of automation and robotics
- Growing demand for high-performance welding consumables
- Advancements in welding technologies
Driving Forces: What's Propelling the Welding Market
- Rising demand in the automotive and construction industries
- Government initiatives to promote infrastructure development -Technological advancements and product innovations
Challenges and Restraints in Welding Market
- Skilled labour shortage
- Fluctuating raw material prices
- Environmental concerns associated with welding fumes
Emerging Trends in Welding
- Laser welding
- Ultrasonic welding
- Hybrid welding technologies
Growth Catalysts in the Welding Industry
- Increasing focus on productivity and efficiency
- Government regulations on safety and environmental compliance
- Collaboration between welding equipment manufacturers and end-users
Market Segmentation: Welding Analysis
Product Type:
Welding Type:
- Arc Welding (USD 65 billion)
- Resistance Welding (USD 15 billion)
- Oxy-acetylene gas Welding (USD 10 billion)
- Solid State Welding (USD 5 billion)
- Others (Electron Beam, USD 5 billion)
Application:
- Automotive (USD 30 billion)
- Building & Construction (USD 25 billion)
- Heavy Engineering (USD 20 billion)
- Railway & Shipbuilding (USD 15 billion)
- Oil & Gas (USD 10 billion)
- Others (Aerospace and Defense, USD 5 billion)
Leading Players in the Welding Market
- Lincoln Electric
- KOBE STEEL, LTD
- ESAB
- Fronius International GmbH
- ZULFI
- KISWEL CO., LTD.
- CS HOLDINGS CO., LTD.
- RME MIDDLE EAST
- voestalpine BÖHLER Edelstahl GmbH
- capilla GmbH
- Tianjin Golden Bridge Welding Materials Group International Trading Co., Ltd.
Significant Developments in the Welding Sector
- Laser hybrid welding technology adoption in the automotive industry
- Ultrasonic welding for lightweight materials in the aerospace industry
- Environmentally friendly welding consumables and fume extraction systems
Comprehensive Coverage Welding Market Report
This comprehensive report offers an in-depth analysis of the welding market, including market size, drivers, challenges, trends, segmentation, key players, competitive landscape, and future growth prospects.
Regional Insight
- North America (USD 30 billion)
- Europe (USD 25 billion)
- Asia-Pacific (USD 35 billion)
- Latin America (USD 5 billion)
- Middle East & Africa (USD 5 billion)
Welding Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.7% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rising Demand from the Automotive and Construction Sectors to Aid Market Growth
- 3.3. Market Restrains
- 3.3.1. Dearth of Skilled Professionals to Hamper Market Growth
- 3.4. Market Trends
- 3.4.1. Technological Advancement in Equipment to Propel Market Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Welding Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Region
- 5.1. Market Analysis, Insights and Forecast - by Region
- 6. North America Welding Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Product Type
- 6.1.1. Equipment and Consumables
- 6.2. Market Analysis, Insights and Forecast - By Welding Type
- 6.2.1 Arc
- 6.2.2 Resistance
- 6.2.3 Oxy-Acetylene Gas
- 6.2.4 Solid State
- 6.2.5 and Others (Electron Beam
- 6.3. Market Analysis, Insights and Forecast - By Application
- 6.3.1 Automotive
- 6.3.2 Building & Construction
- 6.3.3 Heavy Engineering
- 6.3.4 Railway & Shipbuilding
- 6.3.5 Oil & Gas
- 6.3.6 and Others (Aerospace
- 6.4. Market Analysis, Insights and Forecast - By Country/Sub-region
- 6.4.1 United States
- 6.4.2 Canada
- 6.4.3 Mexico
- 7. South America Welding Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Product Type
- 7.1.1. Equipment and Consumables
- 7.2. Market Analysis, Insights and Forecast - By Welding Type
- 7.2.1 Arc
- 7.2.2 Resistance
- 7.2.3 Oxy-Acetylene Gas
- 7.2.4 Solid State
- 7.2.5 and Others (Electron Beam
- 7.3. Market Analysis, Insights and Forecast - By Application
- 7.3.1 Automotive
- 7.3.2 Building & Construction
- 7.3.3 Heavy Engineering
- 7.3.4 Railway & Shipbuilding
- 7.3.5 Oil & Gas
- 7.3.6 and Others (Aerospace
- 7.4. Market Analysis, Insights and Forecast - By Country/Sub-region
- 7.4.1 Brazil
- 7.4.2 Argentina
- 7.4.3 Rest of South America
- 8. Europe Welding Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Product Type
- 8.1.1. Equipment and Consumables
- 8.2. Market Analysis, Insights and Forecast - By Welding Type
- 8.2.1 Arc
- 8.2.2 Resistance
- 8.2.3 Oxy-Acetylene Gas
- 8.2.4 Solid State
- 8.2.5 and Others (Electron Beam
- 8.3. Market Analysis, Insights and Forecast - By Application
- 8.3.1 Automotive
- 8.3.2 Building & Construction
- 8.3.3 Heavy Engineering
- 8.3.4 Railway & Shipbuilding
- 8.3.5 Oil & Gas
- 8.3.6 and Others (Aerospace
- 8.4. Market Analysis, Insights and Forecast - By Country/Sub-region
- 8.4.1 Germany
- 8.4.2 France
- 8.4.3 Italy
- 8.4.4 United Kingdom
- 8.4.5 Netherlands
- 8.4.6 Rest of Europe
- 9. Asia Pacific Welding Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Product Type
- 9.1.1. Equipment and Consumables
- 9.2. Market Analysis, Insights and Forecast - By Welding Type
- 9.2.1 Arc
- 9.2.2 Resistance
- 9.2.3 Oxy-Acetylene Gas
- 9.2.4 Solid State
- 9.2.5 and Others (Electron Beam
- 9.3. Market Analysis, Insights and Forecast - By Application
- 9.3.1 Automotive
- 9.3.2 Building & Construction
- 9.3.3 Heavy Engineering
- 9.3.4 Railway & Shipbuilding
- 9.3.5 Oil & Gas
- 9.3.6 and Others (Aerospace
- 9.4. Market Analysis, Insights and Forecast - By Country/Sub-region
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 South Korea
- 9.4.5 Taiwan
- 9.4.6 Australia
- 9.4.7 Rest of Asia-Pacific
- 10. MEA Welding Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Product Type
- 10.1.1. Equipment and Consumables
- 10.2. Market Analysis, Insights and Forecast - By Welding Type
- 10.2.1 Arc
- 10.2.2 Resistance
- 10.2.3 Oxy-Acetylene Gas
- 10.2.4 Solid State
- 10.2.5 and Others (Electron Beam
- 10.3. Market Analysis, Insights and Forecast - By Application
- 10.3.1 Automotive
- 10.3.2 Building & Construction
- 10.3.3 Heavy Engineering
- 10.3.4 Railway & Shipbuilding
- 10.3.5 Oil & Gas
- 10.3.6 and Others (Aerospace
- 10.4. Market Analysis, Insights and Forecast - By Country/Sub-region
- 10.4.1 Middle East
- 10.4.2 Africa
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 Lincoln Electric (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 KOBE STEEL LTD (Japan)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 ESAB (U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Fronius International GmbH (Austria)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 ZULFI (Saudi Arabia)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 KISWEL CO. LTD. (South Korea)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 CS HOLDINGS CO. LTD. (South Korea)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 RME MIDDLE EAST (UAE)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 voestalpine BÖHLER Edelstahl GmbH (Austria)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 capilla GmbH (Germany)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 Tianjin Golden Bridge Welding Materials Group International Trading Co. Ltd. (China)
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.12 Miller Electric Mfg. LLC (U.S.)
- 11.2.12.1. Overview
- 11.2.12.2. Products
- 11.2.12.3. SWOT Analysis
- 11.2.12.4. Recent Developments
- 11.2.12.5. Financials (Based on Availability)
- 11.2.1 Lincoln Electric (U.S.)
List of Figures
- Figure 1: Global Welding Market Revenue Breakdown (USD billion, %) by Region 2023 & 2031
- Figure 2: Global Welding Market Revenue (USD billion), by Region 2023 & 2031
- Figure 3: Global Welding Market Revenue Share (%), by Region 2023 & 2031
- Figure 4: North America Welding Market Revenue (USD billion), by Product Type 2023 & 2031
- Figure 5: North America Welding Market Revenue Share (%), by Product Type 2023 & 2031
- Figure 6: North America Welding Market Revenue (USD billion), by Welding Type 2023 & 2031
- Figure 7: North America Welding Market Revenue Share (%), by Welding Type 2023 & 2031
- Figure 8: North America Welding Market Revenue (USD billion), by Application 2023 & 2031
- Figure 9: North America Welding Market Revenue Share (%), by Application 2023 & 2031
- Figure 10: North America Welding Market Revenue (USD billion), by Country 2023 & 2031
- Figure 11: North America Welding Market Revenue Share (%), by Country 2023 & 2031
- Figure 12: South America Welding Market Revenue (USD billion), by Product Type 2023 & 2031
- Figure 13: South America Welding Market Revenue Share (%), by Product Type 2023 & 2031
- Figure 14: South America Welding Market Revenue (USD billion), by Welding Type 2023 & 2031
- Figure 15: South America Welding Market Revenue Share (%), by Welding Type 2023 & 2031
- Figure 16: South America Welding Market Revenue (USD billion), by Application 2023 & 2031
- Figure 17: South America Welding Market Revenue Share (%), by Application 2023 & 2031
- Figure 18: South America Welding Market Revenue (USD billion), by Country 2023 & 2031
- Figure 19: South America Welding Market Revenue Share (%), by Country 2023 & 2031
- Figure 20: Europe Welding Market Revenue (USD billion), by Product Type 2023 & 2031
- Figure 21: Europe Welding Market Revenue Share (%), by Product Type 2023 & 2031
- Figure 22: Europe Welding Market Revenue (USD billion), by Welding Type 2023 & 2031
- Figure 23: Europe Welding Market Revenue Share (%), by Welding Type 2023 & 2031
- Figure 24: Europe Welding Market Revenue (USD billion), by Application 2023 & 2031
- Figure 25: Europe Welding Market Revenue Share (%), by Application 2023 & 2031
- Figure 26: Europe Welding Market Revenue (USD billion), by Country 2023 & 2031
- Figure 27: Europe Welding Market Revenue Share (%), by Country 2023 & 2031
- Figure 28: Asia Pacific Welding Market Revenue (USD billion), by Product Type 2023 & 2031
- Figure 29: Asia Pacific Welding Market Revenue Share (%), by Product Type 2023 & 2031
- Figure 30: Asia Pacific Welding Market Revenue (USD billion), by Welding Type 2023 & 2031
- Figure 31: Asia Pacific Welding Market Revenue Share (%), by Welding Type 2023 & 2031
- Figure 32: Asia Pacific Welding Market Revenue (USD billion), by Application 2023 & 2031
- Figure 33: Asia Pacific Welding Market Revenue Share (%), by Application 2023 & 2031
- Figure 34: Asia Pacific Welding Market Revenue (USD billion), by Country 2023 & 2031
- Figure 35: Asia Pacific Welding Market Revenue Share (%), by Country 2023 & 2031
- Figure 36: MEA Welding Market Revenue (USD billion), by Product Type 2023 & 2031
- Figure 37: MEA Welding Market Revenue Share (%), by Product Type 2023 & 2031
- Figure 38: MEA Welding Market Revenue (USD billion), by Welding Type 2023 & 2031
- Figure 39: MEA Welding Market Revenue Share (%), by Welding Type 2023 & 2031
- Figure 40: MEA Welding Market Revenue (USD billion), by Application 2023 & 2031
- Figure 41: MEA Welding Market Revenue Share (%), by Application 2023 & 2031
- Figure 42: MEA Welding Market Revenue (USD billion), by Country 2023 & 2031
- Figure 43: MEA Welding Market Revenue Share (%), by Country 2023 & 2031
List of Tables
- Table 1: Global Welding Market Revenue USD billion Forecast, by Product Type 2018 & 2031
- Table 2: Global Welding Market Revenue USD billion Forecast, by Welding Type 2018 & 2031
- Table 3: Global Welding Market Revenue USD billion Forecast, by Application 2018 & 2031
- Table 4: Global Welding Market Revenue USD billion Forecast, by Region 2018 & 2031
- Table 5: Global Welding Market Revenue USD billion Forecast, by Region 2018 & 2031
- Table 6: Global Welding Market Revenue USD billion Forecast, by Product Type 2018 & 2031
- Table 7: Global Welding Market Revenue USD billion Forecast, by Welding Type 2018 & 2031
- Table 8: Global Welding Market Revenue USD billion Forecast, by Application 2018 & 2031
- Table 9: Global Welding Market Revenue USD billion Forecast, by Country 2018 & 2031
- Table 10: United States Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 11: Canada Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 12: Mexico Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 13: Global Welding Market Revenue USD billion Forecast, by Product Type 2018 & 2031
- Table 14: Global Welding Market Revenue USD billion Forecast, by Welding Type 2018 & 2031
- Table 15: Global Welding Market Revenue USD billion Forecast, by Application 2018 & 2031
- Table 16: Global Welding Market Revenue USD billion Forecast, by Country 2018 & 2031
- Table 17: Brazil Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 18: Argentina Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 19: Rest of South America Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 20: Global Welding Market Revenue USD billion Forecast, by Product Type 2018 & 2031
- Table 21: Global Welding Market Revenue USD billion Forecast, by Welding Type 2018 & 2031
- Table 22: Global Welding Market Revenue USD billion Forecast, by Application 2018 & 2031
- Table 23: Global Welding Market Revenue USD billion Forecast, by Country 2018 & 2031
- Table 24: Germany Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 25: France Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 26: Italy Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 27: United Kingdom Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 28: Netherlands Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 29: Rest of Europe Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 30: Global Welding Market Revenue USD billion Forecast, by Product Type 2018 & 2031
- Table 31: Global Welding Market Revenue USD billion Forecast, by Welding Type 2018 & 2031
- Table 32: Global Welding Market Revenue USD billion Forecast, by Application 2018 & 2031
- Table 33: Global Welding Market Revenue USD billion Forecast, by Country 2018 & 2031
- Table 34: China Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 35: Japan Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 36: India Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 37: South Korea Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 38: Taiwan Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 39: Australia Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 40: Rest of Asia-Pacific Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 41: Global Welding Market Revenue USD billion Forecast, by Product Type 2018 & 2031
- Table 42: Global Welding Market Revenue USD billion Forecast, by Welding Type 2018 & 2031
- Table 43: Global Welding Market Revenue USD billion Forecast, by Application 2018 & 2031
- Table 44: Global Welding Market Revenue USD billion Forecast, by Country 2018 & 2031
- Table 45: Middle East Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 46: Africa Welding Market Revenue (USD billion) Forecast, by Application 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.7% from 2018-2032 |
| Segmentation |
|
STEP 1 - Identification of Relevant Samples Size from Population Database
STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.
Note* : In applicable scenarios
STEP 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
STEP 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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