Welding Equipment Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR40473

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The welding equipment market has the potential to grow by USD 4.37 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.58%.

This welding equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (automotive, construction, aerospace and defense, shipbuilding, and others) and geography (APAC, North America, Europe, South America, and MEA). The welding equipment market report also offers information on several market vendors, including AMADA Co. Ltd., Banner Welding Inc., Colfax Corp., Fronius International GmbH, Illinois Tool Works Inc., Lincoln Electric Co., Miller Electric LLC, OBARA Group Inc., Panasonic Corp., and voestalpine AG among others.

What will the Welding Equipment Market Size be in 2021?

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Welding Equipment Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The emergence of friction stir welding technology in the automotive sector is notably driving the welding equipment market growth, although factors such as lack of skilled workforce may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the welding equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The emergence of friction stir welding technology in the automotive industry is expected to drive the growth of the welding equipment market during the forecast period.
  • The friction stir welding process offers significant advantages over other welding processes. Some of such advantages are the ability to handle variations in the production process, improved mechanical properties, and low operating costs.
  • With friction stir welding, automotive manufacturers can spot weld thin aluminum sheets. As friction stir welding generates low heat, there are fewer chances of deformation.
  • This technology consumes less power than other welding processes. Also, there is no need for adding an extra weight of filler materials, which helps reduce the overall weight of the automotive.
  • Government regulations on reducing carbon emissions through improved fuel economy are driving the demand for lightweight vehicles, thereby increasing the demand for friction stir welding. 
  • With the increase in demand for wind farms, particularly offshore farms, there will be an increase in demand for installing wind towers, which will, in turn, drive the demand for welding equipment. 
  • Renewable energy sources have garnered attention in the last few years, owing to rising environmental awareness and favorable regulatory support for renewables.
  • While solar continues to be a popular renewable energy source, wind power has also attracted high investments and is one of the fastest-growing renewable energy sources.
  • With the rise in offshore wind farms, the demand for efficient welding has also increased.
  • To join the thicker steel with large weld joints, welding consumables are required, which, in turn, increases the need for additional welding passes.
  • With advances in consumables for the welding process, the strength of welds in wind turbines, as well as the efficiency of wind turbines, has increased. 

This welding equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Welding Equipment Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:


  • AMADA Co. Ltd.
  • Banner Welding Inc.
  • Colfax Corp.
  • Fronius International GmbH
  • Illinois Tool Works Inc.
  • Lincoln Electric Co.
  • Miller Electric LLC
  • OBARA Group Inc.
  • Panasonic Corp.
  • voestalpine AG


This statistical study of the welding equipment market encompasses successful business strategies deployed by the key vendors. The welding equipment market is fragmented and the vendors are deploying growth strategies such as M&As and strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The welding equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Welding Equipment Market?

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51% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for welding equipment in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The growth in end-user industries such as automotive, construction, and power will facilitate the welding equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Welding Equipment Market?

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The welding equipment market share growth by the automotive segment will be significant during the forecast period. The automotive industry is a major revenue contributor to the global welding equipment market, owing to the high application of welding in the industry. Stringent requirement for quality and precision has led to an increased demand for automated welding in the automotive industry.

This report provides an accurate prediction of the contribution of all the segments to the growth of the welding equipment market size and actionable market insights on post COVID-19 impact on each segment.



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What are the Key Factors Covered in this Welding Equipment Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive welding equipment market growth during the next five years
  • Precise estimation of the welding equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the welding equipment industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of welding equipment market vendors

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Welding Equipment Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 6.58%

Market growth 2021-2025

$ 4.37 billion

Market structure


YoY growth (%)


Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 51%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AMADA Co. Ltd., Banner Welding Inc., Colfax Corp., Fronius International GmbH, Illinois Tool Works Inc., Lincoln Electric Co., Miller Electric LLC, OBARA Group Inc., Panasonic Corp., and voestalpine AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The welding equipment market growth will increase by $650.83 million during 2019-2024.
The welding equipment market is expected to grow at a CAGR of 1.31% during 2019-2024.
Technavio has segmented the welding equipment market by end user (Automotive, Construction, Aerospace and defense, Shipbuilding, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
ACRO Automation Systems Inc., AMADA Co. Ltd., Banner Welder Inc., Colfax Corp., Fronius International GmbH, Illinois Tool Works Inc., Lincoln Electric Holdings Inc., OBARA Group Inc., Panasonic Corp., voestalpine AG are a few of the key vendors in the welding equipment market.
APAC will register the highest growth rate of 50.48% among the other regions. Therefore, the welding equipment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the welding equipment market growth are:
  • Emergence of friction stir welding technology in automotive sector
The welding equipment market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
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