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The metal welding market size is valued to increase by USD 5.81 billion, at a CAGR of 5.34% from 2023 to 2028. Growth in manufacturing activities globally will drive the metal welding market.
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In the dynamic world of metal welding, businesses seek optimal solutions for enhancing weld metal properties and ensuring defect-free welds. Two comparative statistics highlight the significance of these advancements. First, the adoption of advanced welding techniques, such as electron beam welding and laser beam welding, has led to a 30% reduction in weld penetration depth variations compared to traditional methods like SMAW and TIG. Second, the implementation of non-destructive testing in welding processes has increased ROI by 45% through early defect identification. Welding safety protocols, including welding power sources and arc length control, play a crucial role in maintaining a productive and compliant work environment. Friction stir welding, plasma arc welding, and robotic welding cells offer increased efficiency and precision. Filler metal selection, welding speed control, and heat input calculation are essential parameters in optimizing welding processes. Welding joint design, base metal properties, and welding consumables also contribute to the overall success of welding projects. Advanced welding systems, such as automated MIG welding and submerged arc welding, streamline production and reduce costs. Ultimately, businesses must balance weld bead geometry, residual stress analysis, and welding joint design to ensure optimal weld quality and long-term reliability.
Global manufacturing activities serve as the primary catalyst for market growth, with expanding production sectors driving economic advancement on a worldwide scale.
The integration of automation and robotics is becoming a prominent trend in welding processes. Welding processes are increasingly adopting automation and robotics technology for enhanced efficiency and precision.
The shortage of a skilled workforce poses a significant challenge to the industry's growth trajectory. It is essential for businesses in this sector to address this issue by implementing strategies such as training programs, recruitment initiatives, and partnerships with educational institutions to ensure a steady supply of qualified professionals.
The metal welding industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The arc segment is estimated to witness significant growth during the forecast period.
Metal welding is a dynamic and evolving market driven by advancements in technology and the demand for high-performance joints. Weld metal properties, such as penetration depth and bead geometry, are crucial factors influencing the selection of welding processes and techniques. For instance, electron beam welding and laser beam welding offer deep penetration and high precision, while resistance welding and friction stir welding are preferred for large-scale applications. Weld defect identification, a critical aspect of quality control, is addressed through non-destructive testing methods like ultrasonic testing and radiography. Welding safety protocols, including heat input calculation and arc length control, are continually refined to minimize hazards.
The Arc segment was valued at USD 6.41 billion in 2018 and showed a gradual increase during the forecast period.
Automated welding systems, such as robotic welding cells, and welding consumables, like electrodes and filler metals, are essential components of modern welding operations. The market's growth is influenced by the increasing demand for efficient, high-quality welding processes and the continuous development of advanced welding technologies. For instance, the adoption of automated welding systems has increased by approximately 15% in recent years.
APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the Asia-Pacific (APAC) region is experiencing robust growth, fueled by the increasing number of construction activities and rising government investments in infrastructure development. With a growing urban population base, the demand for new residential and commercial infrastructure is surging, necessitating the use of metal welding for fabricating and molding steel structures. This process is crucial for creating beams, columns, and steel members in the construction sector. The real estate sector in countries like India is projected to reach a valuation of USD 1 trillion by 2030, up from USD 200 billion in 2021, contributing significantly to the country's GDP.
Operational efficiency gains and cost reductions are key drivers of the market's expansion in APAC. For instance, metal welding enables faster construction times and reduces the need for labor-intensive methods, making it an attractive choice for infrastructure projects.
Customer Landscape of Metal Welding Industry
Companies are implementing various strategies, such as strategic alliances, metal welding market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Air Liquide SA - The company specializes in metal welding techniques, including active and inert processes, and TIG welding, providing solutions for various industries with a focus on quality and precision.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Metal Welding Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
183 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.34% |
Market growth 2024-2028 |
USD 5806.7 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.02 |
Key countries |
China, US, Germany, Japan, India, Canada, Mexico, UK, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market is a critical sector in manufacturing industries, with a significant impact on product quality and operational efficiency. Welding is an essential process for joining various metals, and the choice of shielding gas, welding parameters, and filler metal composition can significantly affect weld quality. The effect of shielding gases on weld quality is crucial, as they protect the weld pool from atmospheric contamination, influencing the microstructure and mechanical properties. Moreover, the impact of welding parameters, such as heat input and preheat, on microstructure and weld cracking susceptibility is significant. Optimizing the welding process for specific materials is essential to ensure robust and reliable welding joints. Assessing weld integrity using non-destructive methods is crucial for maintaining product quality and ensuring compliance with regulatory standards. The correlation between weld geometry and mechanical properties is another critical factor in the market. Evaluating different filler metal compositions and determination of residual stresses in welded structures are essential for improving weld quality and reducing distortion. Advanced techniques, such as control of weld distortion using automated welding systems and implementation of artificial intelligence in welding, have gained popularity in the market. These technologies enhance operational planning by improving process control and reducing welding costs. The market for metal welding is growing rapidly, with an increasing focus on improving welding efficiency through process optimization and reduction of welding costs. For instance, real-time monitoring of welding process parameters and analysis of weld defects using image processing and machine learning have led to a 20% reduction in defects and a 15% increase in productivity for some manufacturers. In conclusion, the market is a dynamic and evolving sector, with a significant impact on product quality, operational efficiency, and regulatory compliance. The ability to optimize welding processes for specific materials, assess weld integrity, and improve operator safety is essential for maintaining a competitive edge in today's manufacturing landscape.
What is the expected growth of the Metal Welding Market between 2024 and 2028?
USD 5.81 billion, at a CAGR of 5.34%
What segmentation does the market report cover?
The report is segmented by Type (Arc, Resistance, Oxyacetylene gas, Solid state, and Others), End-user (Automotive, Construction, Aerospace, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
Which regions are analyzed in the report?
APAC, North America, Europe, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Growth in manufacturing activities globally, Shortage of skilled workforce
Who are the major players in the Metal Welding Market?
Air Liquide SA, AMADA Co. Ltd., Atlas Copco AB, Bystronic Laser AG, DRAHTWERK ELISENTAL W. Erdmann GmbH, EWM AG, Gedik Welding Inc., Hermann Fliess and Co. GmbH, Hilarius Haarlem Holland BV, Hypertherm Inc., Illinois Tool Works Inc., Matsu Manufacturing Inc., Mayville Engineering Co. Inc., Novametal SA, Otter Tail Corp., Safra Spa, The Lincoln Electric Co., voestalpine AG, Vulcan Steel Ltd., and Welding Alloys Group
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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