Welding Equipment Market Size

Global Welding Equipment Market size was valued at USD 19.81 Billion in 2023 and is poised to grow from USD 20.81 Billion in 2024 to USD 30.86 Billion by 2032, growing at a CAGR of 5.05% in the forecast period (2025-2032).

Market growth stage is medium, and pace of the market growth is accelerating. Welding equipment industry is characterized by a high degree of innovation owing to the rapid technological advancements. Moreover, the companies are further adopting various organic and inorganic growth strategies, such as product launches, geographical expansions, mergers & acquisitions, and collaborations, to strengthen their position in the global market. The welding equipment market is also characterized by a high level of merger and acquisition (M&A) activity by the leading players. This is due to several factors, including increasing the reach of their products in the market and enhancing the availability of their products & services in diverse geographical areas. Regulations play a pivotal role in shaping the landscape of the industry, influencing both its dynamics and evolution. Government-imposed standards and safety regulations have a direct impact on the manufacturing, sale, and usage of welding equipment. Stringent safety and environmental regulations drive innovation in welding technologies, pushing manufacturers to develop equipment that meets or exceeds compliance requirements. 'Amada Pvt. Ltd ', 'CHIRON Group SE', 'Doosan Corporation', 'DMG MORI', 'Georg Fischer Ltd', 'GROB-WERKE GmbH & CO.KG ', 'Haas Automation, Inc ', 'HYUNDAI WIA CORP', 'JTEKT Corporation', 'Komatsu NTC', 'MAG IAS Gmbh ', 'Makino', 'Okuma Corporation', 'SPINNER machine tool factory GmbH ', 'YAMAZAKI Mazak Corporation '

The welding equipment, accessories, and consumables market majorly depends on the transportation, building & construction, and heavy industries. Welding is widely used in the transportation industry to manufacture various vehicle body parts. Welding products also find application in the building & construction industry, which is growing at a steady rate, especially in the emerging economies of India, China, and Brazil where new infrastructural development projects are likely to drive the welding equipment, accessories, and consumables market.

Emergence of Advanced Welding Technologies: Techniques such as laser welding and ultrasonic welding are witnessing increased adoption, which, in turn, is propelling the welding market. These welding techniques are highly efficient and offer several advantages that make them suitable for numerous applications, which makes them increasingly popular in end-use industries where precision and accuracy of the joints are of high importance such as electric appliances, robotic appliances, and moving automotive parts.

Asia Pacific is dominating with the largest welding equipment market share. The emerging manufacturing industry across China and India owing to the increasing government initiatives to support the sector development will drive the market demand in Asia Pacific. For instance, the government of India has launched the ‘Make in India’ campaign to support the manufacturing industry growth. Several automotive manufacturing companies are developing their plants in the country. Also, in April 2017, Kia Motors announced an investment of approximately USD 1.1 billion to build its manufacturing plant in India. Under this campaign the plant has the capacity to produce 300,000 cars per year. Similarly, the government of China has launched ‘Made in China 2025’ campaign to support the growth of manufacturing industry, providing opportunities to the welding machine market.