Download Sample, Technological Developments in the Welding Equipment Provide Traction to the Market Expansion
An increasing number of businesses have made it their mission to develop automation solutions in order to meet the constantly expanding demand as industrial automation spreads throughout the manufacturing sector. These businesses have been in existence for some time and have contributed to the initiatives that have sped up the development and use of automation in the manufacturing sector. The development of efficient and clever technology-based robotic welding systems, such as robots with remote controls and artificial intelligence built in, is anticipated to increase demand for automatic welding. One of the most important developments in automatic welding technology is the improved operational control and cost-effectiveness using collaborative robots or ‘cobots’.
In the past, manufacturers had to hire programmers to configure industrial robots and handle any modifications to the production process or new software code. Any change in the operational settings increased downtime and decreased productivity in addition to necessitating professional programmers to operate on the robots. Modern cobot welding equipment, such as the Cobot Welder from Hirebotics, which was launched in July 2021, allows operators to control each welding cobot individually using an app for easier use. Manufacturers can allow welders to determine the parameters and maintain control over each weld rather than relying on programmers. This modern welding equipment enables users to quickly deploy welding robots throughout the factory and define the weld parameters, such as torch angles, speed, and weaving, easily. It also enables the welders to set up the system and set up alerts for any problems that the robot may encounter or that require human intervention.
In the past, manufacturers had to hire programmers to configure industrial robots and handle any modifications to the production process or new software code. Any change in the operational settings increased downtime and decreased productivity in addition to necessitating professional programmers to operate on the robots. Modern cobot welding equipment, such as the Cobot Welder from Hirebotics, which was launched in July 2021, allows operators to control each welding cobot individually using an app for easier use. Manufacturers can allow welders to determine the parameters and maintain control over each weld rather than relying on programmers. This modern welding equipment enables users to quickly deploy welding robots throughout the factory and define the weld parameters, such as torch angles, speed, and weaving, easily. It also enables the welders to set up the system and set up alerts for any problems that the robot may encounter or that require human intervention.
Growing Demand for Modern Equipment and Increased Adoption of Welding Equipment Across Various Industries are Fuelling Market Growth
Increased demand from various industries is the main factor driving the global market for welding equipment. Fabrication procedures are required by a variety of industries, such as construction, shipbuilding, aerospace, and railroads, which encourages market expansion. Additionally, the rapid expansion of automobile vehicles is being driven by the improving economic conditions in emerging economies. Additionally, the need for services like wind turbine installation is rising as a result of a major increase in infrastructure development projects around the world, particularly as nations concentrate on increasing their capacity for renewable energy. This trend is anticipated to increase demand for fusing equipment over the forecast period.
The demand for more sophisticated machinery is also anticipated to rise as a result of the growing use of large-thickness metal components and modern high-strength steels, as well as the scope and size of projects expanding in the manufacturing and construction industries. This is anticipated to increase demand for welding equipment over the predicted period. Furthermore, it is also anticipated that demand for semi-automatic welding systems will rise since they are partially implemented utilizing technology-based equipment and are managed by staff with little skill and experience. However, this strategy demands the employment of expensive labor, increasing the cost of operations.
The demand for more sophisticated machinery is also anticipated to rise as a result of the growing use of large-thickness metal components and modern high-strength steels, as well as the scope and size of projects expanding in the manufacturing and construction industries. This is anticipated to increase demand for welding equipment over the predicted period. Furthermore, it is also anticipated that demand for semi-automatic welding systems will rise since they are partially implemented utilizing technology-based equipment and are managed by staff with little skill and experience. However, this strategy demands the employment of expensive labor, increasing the cost of operations.
Recent Trends in the Welding Equipment Industry
- Adoption of automation and robotics for precise and efficient welding.
- Introduction of advanced welding techniques such as laser and friction stir welding.
- Expansion of eco-friendly welding solutions with reduced emissions and energy consumption.
- Rise of customized welding solutions tailored to specific industry needs and applications.
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New Product Launches and Collaborations Enable Market Participants to Establish a Stronger Global Presence
To increase their market share globally, major welding equipment providers are actively pursuing competitive marketing strategies such as partnerships, technological advancements, investments, acquisitions, and R&D initiatives. Additionally, a lot of start-ups are developing cutting-edge welding equipment to establish a stronghold in the global market. For instance, in April 2021, John Deere announced its collaboration with Intel to find a cost-effective solution to a long-standing issue with factory welding. Deere attempted to make use of computer vision to swiftly identify typical flaws in its automated welding procedure in its production facilities. Earlier, Lincoln Electric created a VRTEX OxyFuel Cutting function in December 2020 that combines cutting and welding by enabling customers to rehearse torch cutting safely and virtually.
Also, a global cooperation agreement was announced in November 2020 by top robot and robot system businesses YASKAWA and ESAB to collaborate together to develop and commercialize a series of pre-engineered robotic welding systems known as XCellerator. It was agreed that Yaskawa would design and construct the XCellerator systems, while ESAB would market them through its international sales channels. Besides this, for the purpose of welding X52 to X100 grade pipe, ESAB Welding & Cutting Products introduced its Pipeweld line of filler metals in November 2019. They consisted of solid wires, gas-shielded flux-cored wires, low-hydrogen vertical up and vertical down electrodes, cellulosic electrodes, and submerged arc welding fluxes.
Also, a global cooperation agreement was announced in November 2020 by top robot and robot system businesses YASKAWA and ESAB to collaborate together to develop and commercialize a series of pre-engineered robotic welding systems known as XCellerator. It was agreed that Yaskawa would design and construct the XCellerator systems, while ESAB would market them through its international sales channels. Besides this, for the purpose of welding X52 to X100 grade pipe, ESAB Welding & Cutting Products introduced its Pipeweld line of filler metals in November 2019. They consisted of solid wires, gas-shielded flux-cored wires, low-hydrogen vertical up and vertical down electrodes, cellulosic electrodes, and submerged arc welding fluxes.
Technical Limitations, Complex Design, High Cost and Lack of Skilled Labour are Limiting Factors of Welding Equipment Market
The market for welding supplies, accessories, and consumables is growing rapidly. However, this equipment experiences some major issues which include high energy consumption, sensitivity to environmental factors, poor selection, poor maintenance, high cost, and challenging fabrication. In addition to this, the energy consumption of welding tools, accessories, and consumables is a key factor in operational costs for any business. Additionally, only thorough and timely maintenance will be able to address issues with accuracy, drift, and sensitivity in welding equipment. These tools must also be calibrated on a regular basis in order to work effectively. Impurities could choke the apparatus in the absence of maintenance or in the event of inadequate maintenance, leading to inaccurate measurements and apparatus failure.
Furthermore, due to the complexity of the manufacturing process, welding supplies, equipment, and consumables are extremely expensive. Some types of welding, such as laser and plasma welding, are expensive for both commercial and household users. The main factors that clients take into account while buying this equipment are its sensitivity, selectivity, stability, cost, and portability. For example, welding machines based on laser and plasma technology are more expensive than arc welding machines yet are much more accurate and dependable. In the medical, electronics, and aerospace industries, such cutting-edge technologies are chosen for high-end applications. These high prices limit the market's growth. All these factors along with the lack of skilled labour are responsible for the limiting of the market growth.
The Lincoln Electric Company, KOBE STEEL LTD., ESAB, Miller Electric Mfg. LLC, Panasonic Industry Europe GmbH, Denyo, Air Liquide, ACRO Automation Systems Inc., Ador Welding Ltd., voestalpine Bohler Welding GmbH, are some of the prominent market players operating in the global welding equipment market.
Furthermore, due to the complexity of the manufacturing process, welding supplies, equipment, and consumables are extremely expensive. Some types of welding, such as laser and plasma welding, are expensive for both commercial and household users. The main factors that clients take into account while buying this equipment are its sensitivity, selectivity, stability, cost, and portability. For example, welding machines based on laser and plasma technology are more expensive than arc welding machines yet are much more accurate and dependable. In the medical, electronics, and aerospace industries, such cutting-edge technologies are chosen for high-end applications. These high prices limit the market's growth. All these factors along with the lack of skilled labour are responsible for the limiting of the market growth.
The Lincoln Electric Company, KOBE STEEL LTD., ESAB, Miller Electric Mfg. LLC, Panasonic Industry Europe GmbH, Denyo, Air Liquide, ACRO Automation Systems Inc., Ador Welding Ltd., voestalpine Bohler Welding GmbH, are some of the prominent market players operating in the global welding equipment market.
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Increasing Demand for Improved Infrastructure is Propelling the Market Development
The market for welding equipment is experiencing a significant expansion in North America. This expansion is due to the concentration of the governments on the development of sustainable infrastructures related to railways, urban mass transits, energy and oil & gas production, renewable energy generation, etc. This, in turn, raises the region's need for welding equipment used in building applications. Additionally, Asia Pacific is anticipated to hold a significant share of the welding equipment market over the forecast period. The Asia Pacific welding equipment market is anticipated to grow at the fastest rate owing to the robust automotive industry. The demand for welding equipment is anticipated to increase as the popularity of electric and hybrid vehicles rises.
Additionally, as customer preferences shift towards personalization, it will become more important to maintain the ride quality and fuel efficiency of vehicles. This will increase the frequency of vehicle maintenance and repair tasks, which is predicted to increase demand for welding equipment. Also, Europe is anticipated to experience significant growth in the welding equipment market. Over the forecast period, process innovation, enhanced R&D, and increased automobile production in nations like France, Germany, and the United Kingdom are anticipated to propel the sector's progress. Additionally, the region is distinguished by the presence of major automakers like Volkswagen, BMW, and Mercedes that concentrate on raising production volumes each year, which strengthens the demand for welding equipment in the area.
Additionally, as customer preferences shift towards personalization, it will become more important to maintain the ride quality and fuel efficiency of vehicles. This will increase the frequency of vehicle maintenance and repair tasks, which is predicted to increase demand for welding equipment. Also, Europe is anticipated to experience significant growth in the welding equipment market. Over the forecast period, process innovation, enhanced R&D, and increased automobile production in nations like France, Germany, and the United Kingdom are anticipated to propel the sector's progress. Additionally, the region is distinguished by the presence of major automakers like Volkswagen, BMW, and Mercedes that concentrate on raising production volumes each year, which strengthens the demand for welding equipment in the area.
The report provides a detailed overview of the welding equipment market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment of the welding equipment market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the welding equipment market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the welding equipment market. Some key countries and regions included in the welding equipment market report are as follows:
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Finland, Czech Republic, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Vietnam, Thailand, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Algeria, Israel, Iran, Kenya, Rest of MEA |
Welding Equipment Market Research Report Covers In-depth Analysis on:
- Welding equipment market detailed segments and segment-wise market breakdown
- Welding equipment market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in welding equipment industry)
- Current, historical, and forthcoming 10 years market valuation in terms of welding equipment market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Welding equipment market demand analysis
- Welding equipment market pricing analysis over the forecast period (by key segment and by region)
- Welding equipment market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in the welding equipment market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in welding equipment market
- Welding equipment market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on welding equipment market forecast by countries
- Mergers and acquisitions in the welding equipment market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What are the key factors driving growth in the welding equipment market?
The welding equipment market is driven by factors such as increasing industrialization, infrastructure development, and rising demand for durable and efficient welding solutions.
What are the major geographic regions contributing to the growth of the welding equipment market?
The welding equipment market is experiencing significant growth in regions such as Asia Pacific, North America, and Europe, driven by robust industrial activity and infrastructure development.
What are the key trends shaping the future of the welding equipment market?
The welding equipment market is witnessing trends such as the adoption of automation and robotics, advancements in welding technology, and increasing demand for portable and lightweight equipment.
