The global welding equipment market size was USD 33.6 Billion in 2022 and is expected to reach USD 52.12 Billion in 2032, and register a rapid revenue CAGR of 5 % during the forecast period. Rapid industrialization and rising demand for welding equipment in the automotive industry are major factors driving market revenue growth. Welding equipment is utilized for the fabrication of two or more materials in several industries such as automotive, construction & building, heavy machinery, Oil & Gas (O&G), etc.

One important end-use market for welding equipment is the automotive industry due to increasing use of high-quality welding solutions that can fulfill the demand for standards for precision, efficiency, and safety. New welding techniques and tools are also required as the need for electric and Hybrid Vehicles increases.

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In addition, rapid expansion in the building sector is another key factor driving revenue growth of the market.  Welding can be done manually or automatically with the help of robots. Manual welding offers various advantages such as greater flexibility and cost efficiency, while automatic welding is extensively used for high precision welding operations in automotive, and aerospace industry.

Another significant end-use market for welding equipment is the O&G sector because new welding techniques and tools are required to meet the rising demand for O&G exploration and production.

Moreover, increasing emphasis on sustainable and energy-efficient solutions is also expected to drive market revenue growth during the forecast period. Particularly in developed nations, there is rising demand for welding equipment that can lower carbon emissions and improve energy efficiency.

Furthermore, increasing need for automation in the welding industry is another factor driving market revenue growth. Particularly in developed economies, the demand for welding technology that can deliver precise and high-quality welding solutions with little human involvement is increasing.

Competitive Landscape:

• Lincoln Electric Holdings, Inc.
• Miller Electric Mfg. LLC (ITW)
• The Lincoln Electric Company
• Fronius International GmbH
• Arc Machines, Inc.
• Kemppi Oy
• Colfax Corporation
• Air Liquide S.A.
• Obara Corporation
• KUKA AG

The global market is further segmented into type and application:

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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