Global welding machinery market size is estimated to be valued over USD 19.5 billion in 2019. The industry will register positive CAGR of 2.4% to create 1.2X higher revenue opportunity by 2028. Rise in revenue is primarily attributed to external macroeconomic growth including construction and automotive sales.
Welding machinery is across wide range of industries. From chemical and metal fabrication to construction and automotive, large end-use consumer base has created ample market opportunity. This in turn has led to many companies operational in the segment. Moreover, lower operational cost and higher demand has led to favorable ecosystem.
Global welding machinery market is highly fragmented, with players mainly focusing on direct distribution networks to stay agile. It is price intensive industry with numerous small scale players in Asia Pacific. While, the industry is fragmented, it is significantly moving towards consolidation with changing business structure in heavy industries. Increased industrial automation is one such step towards advancement in technology. As such, leading players are aggressively pushing towards leveraging advanced technologies.
The industry registered slowdown between 2010 and 2015 owing to economic recession, impacting major areas of manufacturing sector. The most hit was construction sector which was crumbling due to lower infrastructure projects. This has also affected the sales of welding machinery. Developed region was most hit due to staggering economy. However, the construction industry rebounded to impressive growth in 2017. North America has revived its growth and many infrastructure projects have been lined up. The trend is similar worldwide, with Asia Pacific registering fastest growth.
Automotive sector is another key market for welding machinery players. Over 230 million car has been sold between 2016 and 2018. It is further expected that over 80 million cars will be sold in 2019. Automation in the sector is rapidly racking up space. As such, welding machinery is also expected to shift from manual to automated during the forecast period. This will give significant opportunity for players to register high sales. However, at the same time, initial operational cost is expected to be higher.
Global Welding Machinery Market Size and Forecast: Regional Analysis
Asia Pacific accounted for over 35.7% market share in 2018, powered by high rise infrastructure projects and impressive automotive sales. China has become the new corridor for industrial players. There are over hundreds of welding machinery establishments in China, capitalizing on the backdrop of huge manufacturing output and rising investment in green mobility. On an average, manufacturing industrial sector accounts for 40% of China’s GDP. Moreover, government ambitious projects towards green mobility has led the country to hold over 95% of global electric vehicle (bus) sales. Overall, the industry is flourishing owing to favorable end-use market.
Global Welding Machinery Market Size and Forecast: Competition Landscape
Some key Welding Machinery players are:
- Panasonic Corporation
- Denyo Co. Ltd.
- Daihen Corporation
- Illinois Tool Works Inc.
- Carl Cloos Schweisstechnik GmbH
- Manufacturing Technology Inc.
- Hobart Brothers Company
- Fronius International GmbH
- Coherent Inc.
- IGM Robotersysteme AG
- Kemppi, Kiefel GmbH
- Kobe Steel Ltd.
- KUKA AG
- Arc Welding Machines
- Gas Welding Machinery
- Laser Welding Machinery
- Ultrasonic Welding Machinery
- Resistance Welding Machinery
By Level of Automation:
- Metal Fabrication
What Will You Discover in the Report?
- An in-depth analysis of the Welding Machinery market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Welding Machinery market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Welding Machinery market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Welding Machinery industry during the forecast period
- Who are the Welding Machinery industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Welding Machinery Industry Suppliers
- Welding Machinery Industry Manufacturers
- Consultants and Analysts
- Industry Specialists
Analyst access with Bekryl Market Analysts
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