Electric Welding Machine Market by Technology, Power Supply Type, Operation Type, End-USe

Description

List of Tables

[180 Pages Report] The Electric Welding Machine Market size was estimated at USD 5.52 billion in 2023 and expected to reach USD 5.93 billion in 2024, at a CAGR 7.81% to reach USD 9.35 billion by 2030.

An electric welding machine is a tool to join metal parts together using electricity. When the machine is operated, it generates heat through an electrical current. This heat is then applied to the metal parts that need to be joined, causing the metal at the joint to melt and fuse as it cools, forming a strong bond. These machines can vary in size, ranging from small, portable units suitable for home use to large, industrial machines used in manufacturing and construction. Electric welding machines are essential in creating durable structures and products by effectively joining metal components without the need for mechanical fasteners such as screws, nails, or bolts. 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.

KEY MARKET STATISTICS
Base Year [2023]	USD 5.52 billion
Estimated Year [2024]	USD 5.93 billion
Forecast Year [2030]	USD 9.35 billion
CAGR (%)	7.81%

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 Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Electric Welding Machine Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

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

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Electric Welding Machine Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Electric Welding Machine Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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. [Published On: 2023-09-05]

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. [Published On: 2023-08-30]

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. [Published On: 2023-04-26]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Electric Welding Machine Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Electric Welding Machine Market, highlighting leading vendors and their innovative profiles. These include 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, and Zhejiang Kende Mechanical & Electrical Co., Ltd..

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

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-6B0EA07976AB

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing infrastructure development projects worldwide
  - 5.1.1.2. Burgeoning need for accuracy and precision in welding new metals
  - 5.1.1.3. Growing demand for electric welding machines from shipping industry
- 5.1.2. Restraints
  - 5.1.2.1. High initial investment, maintenance, and repair costs
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing trend toward the automation of welding processes
  - 5.1.3.2. Construction of solar panels, wind turbines, and other green energy infrastructure
- 5.1.4. Challenges
  - 5.1.4.1. Energy consumption and safety concerns
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Growing demand for metal inert gas (MIG) welding machines owing to their versatility in welding various metals with ease and efficiency
- 5.2.2. End-Use: Widening use of electric welding machines in construction to efficiently join metal components for creating secure and durable structures
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Electric Welding Machine Market, by Technology

6.1. Introduction
6.2. Arc Welding Machines
6.3. Metal Inert Gas Welding Machines
6.4. Resistance Welding Machines
6.5. Tungsten Inert Gas Welding Machines

7. Electric Welding Machine Market, by Power Supply Type

7.1. Introduction
7.2. Alternating Current Welding Machines
7.3. Direct Current Welding Machines

8. Electric Welding Machine Market, by Operation Type

8.1. Introduction
8.2. Automatic Welding Machines
8.3. Manual Welding Machines
8.4. Semi-Automatic Welding Machines

9. Electric Welding Machine Market, by End-USe

9.1. Introduction
9.2. Aerospace
9.3. Automotive
9.4. Construction
9.5. Manufacturing
9.6. Shipbuilding

10. Americas Electric Welding Machine Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Electric Welding Machine Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Electric Welding Machine Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Miller Launched the Millermatic 142, A Versatile MIG Welder
- 13.3.2. DAIHEN Acquired LORCH to Boost Automation in European Welding Industry
- 13.3.3. Kemppi Launched Advanced Robotic Welder To Enhance Precision and Efficiency in Industrial Manufacturing
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio