Plasma Welding Market By Product Type (Manual, Mechanized) , By Distribution Channel (Online, Offline) By End User (Machinery & Equipment, Aerospace & Defense, Automotive, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2032

Description

Plasma Welding Market

The plasma welding market was valued at $1.4 billion in 2023 and is projected to reach $2.1 billion by 2032, growing at a CAGR of 4.6% from 2024 to 2032.

Plasma welding is an advanced welding form that uses tungsten inert gas (TIG) during the process. TIG is a high-temperature plasma gas which melts the base material and aids in achieving precise & efficient welds. Plasma welding is preferably used in several industries, including aerospace, automotive, and manufacturing. The versatility of plasma welding makes it suitable for thin materials such as nickel alloys, stainless steel, and titanium.

Technological advancements across diverse sectors have boosted the requirement for cutting-edge welding solutions, thereby driving the growth of the plasma welding market. In addition, rapid expansion of the automotive industry is boosting the demand for plasma welding. Furthermore, the usage of lightweight materials in the defense & aerospace industry makes plasma welding a necessity due to its precise performance. To reduce the possibility of errors & enhance efficiency, the integration of automation and robotics is a key trend gaining prominence in the market. These technologies enhance flexibility during industrial processes and accelerate productivity.

However, the upfront costs associated with the procurement and maintenance of equipment for plasma welding technique are significantly high, which deters several small-scale industries from investing in it. Contrarily, to compensate for the expenses and reduce the excessive environmental impact, the manufacturers are striving to develop innovative equipment that reduces the overall cost of welding by saving energy. For instance, voestalpine BOHler Welding Automation Gmbh, a German welding company, has introduced an energy saving welding machine for the automotive industry which reduces 50% of the time consumption and 20% of wire consumption. The machine is entirely automated, offering benefits such as repeatability, speed, and control.

Segment Review

The plasma welding market is segmented into product type, distribution channel, end user, and region. On the basis of product type, the market is bifurcated into manual and mechanized. Depending on distribution channel, it is divided into online and offline. As per end user, it is classified into machinery & equipment, aerospace & defense, automotive, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Key Findings

On the basis of product type, the mechanized segment held the highest market share in 2023.

Depending on distribution channel, the offline segment accounted for a high share in the market in 2023.

As per end user, the automotive segment acquired a high stake in the market in 2023.

Region wise, Asia-Pacific was the highest revenue generator in 2023.

Competition Analysis

The major players of the global plasma welding market are Air Liquide, Banner Welder, Inc., Carl Cloos Schweisstechnik GmbH., DAIHEN Corporation, Fronius International GmbH, Illinois Tools Works Inc, Panasonic Corporation, Technocrats Plasma Systems Private Limited, Voestalpine BOHler Welding Automation Gmbh, and Miller Electric. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Investment Opportunities
New Product Development/ Product Matrix of Key Players
Additional company profiles with specific to client's interest
Expanded list for Company Profiles
Key player details (including location, contact details, supplier/vendor network etc. in excel format)

Key Market Segments

By Product Type

Manual
Mechanized

By Distribution Channel

Online
Offline

By End User

Machinery Equipment
Aerospace Defense
Automotive
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
Latin America
- Brazil
- Argentina
- Chile
- Rest Of Latin America
Middle East and Africa
- Saudi Arabia
- UAE
- Nigeria
- South Africa
- Rest Of Middle East and Africa

Key Market Players:

Air Liquide
Banner Welder, Inc.
Carl Cloos Schweisstechnik GmbH.
DAIHEN Corporation
Fronius International GmbH
Illinois Tools Works Inc
Panasonic Corporation
Technocrats Plasma Systems Private Limited
Voestalpine BOHler Welding Automation Gmbh
Miller Electric

Product Code: A239717

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: PLASMA WELDING MARKET, BY PRODUCT TYPE

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Product Type
4.2. Manual
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Mechanized
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country

CHAPTER 5: PLASMA WELDING MARKET, BY DISTRIBUTION CHANNEL

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Distribution Channel
5.2. Online
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. offline
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country

CHAPTER 6: PLASMA WELDING MARKET, BY END USER

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By End User
6.2. Machinery Equipment
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Aerospace Defense
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country
6.4. Automotive
- 6.4.1. Key Market Trends, Growth Factors and Opportunities
- 6.4.2. Market Size and Forecast, By Region
- 6.4.3. Market Share Analysis, By Country
6.5. Others
- 6.5.1. Key Market Trends, Growth Factors and Opportunities
- 6.5.2. Market Size and Forecast, By Region
- 6.5.3. Market Share Analysis, By Country

CHAPTER 7: PLASMA WELDING MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Product Type
- 7.2.3. Market Size and Forecast, By Distribution Channel
- 7.2.4. Market Size and Forecast, By End User
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Plasma Welding Market
  - 7.2.6.1. Market Size and Forecast, By Product Type
  - 7.2.6.2. Market Size and Forecast, By Distribution Channel
  - 7.2.6.3. Market Size and Forecast, By End User
- 7.2.7. Canada Plasma Welding Market
  - 7.2.7.1. Market Size and Forecast, By Product Type
  - 7.2.7.2. Market Size and Forecast, By Distribution Channel
  - 7.2.7.3. Market Size and Forecast, By End User
- 7.2.8. Mexico Plasma Welding Market
  - 7.2.8.1. Market Size and Forecast, By Product Type
  - 7.2.8.2. Market Size and Forecast, By Distribution Channel
  - 7.2.8.3. Market Size and Forecast, By End User
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Product Type
- 7.3.3. Market Size and Forecast, By Distribution Channel
- 7.3.4. Market Size and Forecast, By End User
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. UK Plasma Welding Market
  - 7.3.6.1. Market Size and Forecast, By Product Type
  - 7.3.6.2. Market Size and Forecast, By Distribution Channel
  - 7.3.6.3. Market Size and Forecast, By End User
- 7.3.7. Germany Plasma Welding Market
  - 7.3.7.1. Market Size and Forecast, By Product Type
  - 7.3.7.2. Market Size and Forecast, By Distribution Channel
  - 7.3.7.3. Market Size and Forecast, By End User
- 7.3.8. France Plasma Welding Market
  - 7.3.8.1. Market Size and Forecast, By Product Type
  - 7.3.8.2. Market Size and Forecast, By Distribution Channel
  - 7.3.8.3. Market Size and Forecast, By End User
- 7.3.9. Italy Plasma Welding Market
  - 7.3.9.1. Market Size and Forecast, By Product Type
  - 7.3.9.2. Market Size and Forecast, By Distribution Channel
  - 7.3.9.3. Market Size and Forecast, By End User
- 7.3.10. Rest of Europe Plasma Welding Market
  - 7.3.10.1. Market Size and Forecast, By Product Type
  - 7.3.10.2. Market Size and Forecast, By Distribution Channel
  - 7.3.10.3. Market Size and Forecast, By End User
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Product Type
- 7.4.3. Market Size and Forecast, By Distribution Channel
- 7.4.4. Market Size and Forecast, By End User
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Plasma Welding Market
  - 7.4.6.1. Market Size and Forecast, By Product Type
  - 7.4.6.2. Market Size and Forecast, By Distribution Channel
  - 7.4.6.3. Market Size and Forecast, By End User
- 7.4.7. Japan Plasma Welding Market
  - 7.4.7.1. Market Size and Forecast, By Product Type
  - 7.4.7.2. Market Size and Forecast, By Distribution Channel
  - 7.4.7.3. Market Size and Forecast, By End User
- 7.4.8. India Plasma Welding Market
  - 7.4.8.1. Market Size and Forecast, By Product Type
  - 7.4.8.2. Market Size and Forecast, By Distribution Channel
  - 7.4.8.3. Market Size and Forecast, By End User
- 7.4.9. South Korea Plasma Welding Market
  - 7.4.9.1. Market Size and Forecast, By Product Type
  - 7.4.9.2. Market Size and Forecast, By Distribution Channel
  - 7.4.9.3. Market Size and Forecast, By End User
- 7.4.10. Australia Plasma Welding Market
  - 7.4.10.1. Market Size and Forecast, By Product Type
  - 7.4.10.2. Market Size and Forecast, By Distribution Channel
  - 7.4.10.3. Market Size and Forecast, By End User
- 7.4.11. Rest of Asia-Pacific Plasma Welding Market
  - 7.4.11.1. Market Size and Forecast, By Product Type
  - 7.4.11.2. Market Size and Forecast, By Distribution Channel
  - 7.4.11.3. Market Size and Forecast, By End User
7.5. Latin America
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Product Type
- 7.5.3. Market Size and Forecast, By Distribution Channel
- 7.5.4. Market Size and Forecast, By End User
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil Plasma Welding Market
  - 7.5.6.1. Market Size and Forecast, By Product Type
  - 7.5.6.2. Market Size and Forecast, By Distribution Channel
  - 7.5.6.3. Market Size and Forecast, By End User
- 7.5.7. Argentina Plasma Welding Market
  - 7.5.7.1. Market Size and Forecast, By Product Type
  - 7.5.7.2. Market Size and Forecast, By Distribution Channel
  - 7.5.7.3. Market Size and Forecast, By End User
- 7.5.8. Chile Plasma Welding Market
  - 7.5.8.1. Market Size and Forecast, By Product Type
  - 7.5.8.2. Market Size and Forecast, By Distribution Channel
  - 7.5.8.3. Market Size and Forecast, By End User
- 7.5.9. REST of Latin America Plasma Welding Market
  - 7.5.9.1. Market Size and Forecast, By Product Type
  - 7.5.9.2. Market Size and Forecast, By Distribution Channel
  - 7.5.9.3. Market Size and Forecast, By End User
7.6. Middle East And Africa
- 7.6.1. Key Market Trends and Opportunities
- 7.6.2. Market Size and Forecast, By Product Type
- 7.6.3. Market Size and Forecast, By Distribution Channel
- 7.6.4. Market Size and Forecast, By End User
- 7.6.5. Market Size and Forecast, By Country
- 7.6.6. Saudi Arabia Plasma Welding Market
  - 7.6.6.1. Market Size and Forecast, By Product Type
  - 7.6.6.2. Market Size and Forecast, By Distribution Channel
  - 7.6.6.3. Market Size and Forecast, By End User
- 7.6.7. UAE Plasma Welding Market
  - 7.6.7.1. Market Size and Forecast, By Product Type
  - 7.6.7.2. Market Size and Forecast, By Distribution Channel
  - 7.6.7.3. Market Size and Forecast, By End User
- 7.6.8. Nigeria Plasma Welding Market
  - 7.6.8.1. Market Size and Forecast, By Product Type
  - 7.6.8.2. Market Size and Forecast, By Distribution Channel
  - 7.6.8.3. Market Size and Forecast, By End User
- 7.6.9. South Africa Plasma Welding Market
  - 7.6.9.1. Market Size and Forecast, By Product Type
  - 7.6.9.2. Market Size and Forecast, By Distribution Channel
  - 7.6.9.3. Market Size and Forecast, By End User
- 7.6.10. Rest of Middle East And Africa Plasma Welding Market
  - 7.6.10.1. Market Size and Forecast, By Product Type
  - 7.6.10.2. Market Size and Forecast, By Distribution Channel
  - 7.6.10.3. Market Size and Forecast, By End User

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Air Liquide
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Banner Welder, Inc.
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. Carl Cloos Schweisstechnik GmbH.
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. DAIHEN Corporation
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. Fronius International GmbH
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. Illinois Tools Works Inc
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. Panasonic Corporation
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. Technocrats Plasma Systems Private Limited
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. Voestalpine BOHler Welding Automation Gmbh
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. Miller Electric
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments