What is the global market size of Engine Driven Welders Market?

Global Engine Driven Welders Market size was valued at USD 442.7908863 million in 2021 and is poised to grow from USD 464.1 million in 2022 to USD 611.5 million by 2030, growing at a CAGR of 4% in the forecast period (2023-2030).

Engine Driven Welders Market Size

Engine Driven Welders Market Insights

Global Engine Driven Welders Market size was valued at USD 1.4 billion in 2023 and is poised to grow from USD 1.46 billion in 2024 to USD 2.08 billion by 2032, growing at a CAGR of 4.5% during the forecast period (2025-2032).

Engine Driven Welders use a gasoline, diesel, or propane-powered engine connected to an electrical generator to generate power for Stick, TIG, MIG, and Flux-Cored welding. Engine-driven welders are usually transported on a truck or trailer and are mostly used outside. The electricity produced by an engine-driven welder powers fans, pumps, air compressors, and other electrical tools found on construction sites. An engine-driven welder can also be used as a backup generator during power outages. The market is expected to expand during the forecast period as a result of low fuel consumption, lower operational costs, higher productivity, technological advancements such as wireless remote technology, and quality consistency. Due to consumer demand for engine-driven welder machines, players are focusing on welding-based generator machines to provide power backup while welding.

The increase in foreign direct investments, governmental initiatives for expanding or upgrading existing infrastructure, and the construction of oil and gas refineries and pipelines have all contributed to a significant engine driven welders market trend. Due to the government's increased budget allocations toward homeownership initiatives, as well as the availability of funds from financial institutions at lower interest rates, the construction sector is expected to provide a significant opportunity for engine-driven welder machines.

US Engine Driven Welders Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

The market for engine-driven welders is quite competitive and relatively dispersed globally. The leading players in the sector are always putting different growth strategies into practice to keep a competitive edge. These players use innovations, mergers & acquisitions, collaborations, and partnerships to succeed in the cutthroat market. The top market players are constantly focusing on R&D to give industry the most efficient and cost-effective solutions. 'Lincoln Electric (USA) ', 'Miller Electric Mfg. LLC (USA) ', 'ESAB (USA) (part of Colfax Corporation) ', 'Fronius International GmbH (Austria) ', 'Honda Motor Co., Ltd. (Japan) ', 'Kohler Co. (USA) ', 'Subaru Corporation (Japan) ', 'Multiquip Inc. (USA) ', 'Wacker Neuson SE (Germany) ', 'Atlas Copco AB (Sweden) ', 'Generac Power Systems (USA) ', 'Sawafuji Corporation (Japan) ', 'Yanmar Co., Ltd. (Japan) ', 'Hyundai Welding Co., Ltd. (South Korea) ', 'Shindaiwa Corporation (Japan) ', 'Power Products LLC (USA) ', 'Miller Welders (USA) ', 'Forney Industries (USA) ', 'ESAB Welding & Cutting Products (USA) '

The adoption of automating and mechanising machines will support the market growth of engine driven welders. The use of advanced automated designs and processes has reduced labour costs while increasing work rate and efficiency, which is expected to drive the global market for engine driven welders. Furthermore, modernization of outdated technology and infrastructure, expansion of industries, and investment in advanced mechanisms are expected to significantly aid this industry's growth. Over the forecast period, growth opportunities created by engine driven welders will also support market growth.

The increasing use of advanced tools to reduce costs and labour, as well as the growing demand from the pipeline industry, are the key industry trends driving market growth.

North America generated more in revenue in and is expected to dominate the global engine driven welders market for heavy industrial applications during the forecast period. Growth in the region is likely to be driven by household demand for engine-driven welder machines, advanced mechanised processes that result in lower labour costs, faster work, and greater efficiency.