Dublin, Sept. 17, 2024 (GLOBE NEWSWIRE) -- The "Global Electric Welding Machine Market by Technology (Arc Welding Machines, Metal Inert Gas Welding Machines, Resistance Welding Machines), Power Supply Type (Alternating Current Welding Machines, Direct Current Welding Machines), Operation Type, End-USe - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The Electric Welding Machine Market grew from USD 5.52 billion in 2023 to USD 5.93 billion in 2024. It is expected to continue growing at a CAGR of 7.81%, reaching USD 9.35 billion by 2030.
The electric welding machine market is experiencing growth owing to the expansion of global infrastructure projects, which drives demand for these machines, crucial in constructing durable and reliable structures. The shipping industry's growing reliance on these machines for repair and manufacturing contributes significantly to market growth, highlighting the diverse applications of electric welding machines in various sectors. The increasing need for precision in welding, especially with new and advanced metals, propels market growth as electric welding machines provide the required accuracy. However, the growth of the electric welding machine market is hindered by the significant upfront costs and ongoing expenses for maintenance and repairs associated with these machines.
The growing shift toward automating welding processes and constructing sustainable energy infrastructure, such as solar panels and wind turbines, presents significant growth opportunities in the electric welding machine market.
Regional Insights
In the Americas, particularly in the United States, the electric welding machine market is driven by robust industrial sectors such as automotive, construction, and manufacturing. There is also a significant demand for advanced welding technologies, including automated and semi-automated electric welding machines, to improve efficiency and productivity. Canada and Brazil also represent significant markets, with infrastructure projects and energy sector developments fueling the demand for welding equipment.
The electric welding machine market is showcasing rapid growth in the Asia-Pacific region, particularly in countries including China, India, and Japan, propelled by expansive infrastructure projects, booming automotive industries, and a flourishing manufacturing sector. Consumer goods production has also increased the demand for welding machines. Innovations in technology and increased investments in regional research and development have produced high-efficiency and cost-effective welding solutions. The electric welding machine market in the EMEA region is experiencing growth, driven by the increasing demand for manufacturing and construction activities.
The European market for electric welding machines is advanced, strongly emphasizing innovation, quality, and environmental sustainability. The region strongly emphasizes high-quality and precision welding technologies, with a surge in demand for electric welding machines that offer enhanced controls and are energy efficient. The Middle East, particularly countries such as the UAE and Saudi Arabia, showcases the potential for growth driven by infrastructural developments and the oil & gas sector. Africa showcases a demand for welding machines fueled by construction and infrastructural projects.
Market Drivers
- Increasing infrastructure development projects worldwide
- Burgeoning need for accuracy and precision in welding new metals
- Growing demand for electric welding machines from shipping industry
Market Restraints
- High initial investment, maintenance, and repair costs
Market Opportunities
- Ongoing trend toward the automation of welding processes
- Construction of solar panels, wind turbines, and other green energy infrastructure
Market Challenges
- Energy consumption and safety concerns
Market Segmentation Analysis
- Technology: Growing demand for metal inert gas (MIG) welding machines owing to their versatility in welding various metals with ease and efficiency
- End-Use: Widening use of electric welding machines in construction to efficiently join metal components for creating secure and durable structures
Recent Developments
Miller Launched the Millermatic 142, A Versatile MIG Welder
Miller expanded its welding solutions portfolio with the launch of the Millermatic 142 MIG welder. Designed for both novice and experienced welders, this model features advanced auto-set controls that simplify setup and usage, enhancing efficiency across various applications. The welder supports various materials, including thin and medium-thickness metals, making it suitable for multiple industries such as automotive and construction.
DAIHEN Acquired LORCH to Boost Automation in European Welding Industry
DAIHEN Corporation acquired LORCH, a German welding equipment manufacturer based in Auenwald. This acquisition signifies a major strategic move, enhancing DAIHEN's footprint in Europe and paving the way for sustained collaborative growth. DAIHEN unveils plans to advance automation in European markets by supplying high-performance arc welding robots to LORCH, complementing a strategic collaboration that includes sharing automation expertise. This partnership is expected to empower LORCH's sales network, enabling the exploration of new business opportunities while providing robust support to clients aiming to innovate in their operational processes.
Kemppi Launched Advanced Robotic Welder To Enhance Precision and Efficiency in Industrial Manufacturing
Kemppi launched a new robotic welding machine, showcasing significant technological advancements to optimize welding efficiency and quality in industrial applications. This innovative machine integrates seamlessly into existing production systems, supporting various manufacturing processes with its versatility. Enhanced with advanced software and robotics technology, the machine offers increased precision in welding tasks, improving product durability and consistency.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 180 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $5.93 Billion |
| Forecasted Market Value (USD) by 2030 | $9.35 Billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
Market Segmentation & Coverage
This research report categorizes the Electric Welding Machine Market to forecast the revenues and analyze trends in each of the following sub-markets:
Technology
- Arc Welding Machines
- Metal Inert Gas Welding Machines
- Resistance Welding Machines
- Tungsten Inert Gas Welding Machines
Power Supply Type
- Alternating Current Welding Machines
- Direct Current Welding Machines
Operation Type
- Automatic Welding Machines
- Manual Welding Machines
- Semi-Automatic Welding Machines
End-Use
- Aerospace
- Automotive
- Construction
- Manufacturing
- Shipbuilding
Company Coverage:
- Ador Welding Limited
- AMADA WELD TECH Inc.
- Cruxweld Industrial Equipments Private Limited
- D.H. Enterprises
- DAIHEN Corporation
- ESAB Corporation
- Fronius International GmbH
- Hangzhou Kaierda Welding Robot Co., Ltd.
- IBELL TOOLS
- Illinois Tool Works Inc.
- Kemppi Oy
- Migatronic A/S
- Obara Corporation
- Panasonic Corporation
- Shanghai Hugong Electric (Group) Co., Ltd.
- Shanghai WTL Welding Equipment Manufacture Co., Ltd.
- Sonics & Materials Inc.
- The Lincoln Electric Company
- voestalpine Bohler Welding Group GmbH
- Welding Alloys Group
- Zhejiang Kende Mechanical & Electrical Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/3t4ms9
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