Germany Welding Equipment Market Size, Share, and COVID-19 Impact Analysis, By Technology (Arc Welding, Resistance Spot Welding, MIG/TIG Welding, Laser Beam Welding, and Others), By Automation Type (Automatic, Semi-Automatic, and Manual), and Germany Welding Equipment Market Insights, Industry Trend, Forecasts to 2033
Industry: Construction & ManufacturingGermany Welding Equipment Market Insights Forecasts to 2033
- The Market is growing at a CAGR of 4.6% from 2023 to 2033
- The Germany Welding Equipment Market Size is Expected to Hold a Significant Share by 2033
Get more details on this report -
The Germany Welding Equipment Market is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 4.6% from 2023 to 2033.
Market Overview
Welding tools are utilized to permanently connect two or more materials through the use of metals or thermoplastics. Various welding processes, including electric arcs, gas flames, electron beams, electric resistance, friction, electron beams, lasers, ultrasound, and molten metal baths, are available. Various tools are utilized in welding such as welding helmets, gloves, blankets, etc., to endure dangerous heat, sparks, glare, and spatter produced while welding. Additionally, welding tables and accessories are utilized to enhance efficiency and precision in welding operations. The automotive sector heavily relies on welding equipment and materials for producing vehicle parts, chassis, frames, and body structures. The market has experienced significant expansion in recent years due to the rising demand for welding tools across various sectors like shipbuilding, offshore exploration, oil & gas, aerospace, automotive, construction, and energy. Consumers' preference for automated devices over manual ones is also driving the demand for welding equipment. Methods like laser welding and ultrasonic welding are experiencing higher usage, leading to growth in the welding industry. These welding methods are very effective and provide various benefits that make them appropriate for many different uses, leading to their rising popularity in industries that require precise and accurate joints like electric appliances, robotic devices, and automotive components in motion.
Report Coverage
This research report categorizes the market for the Germany welding equipment market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany welding equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany welding equipment market.
Germany Welding Equipment Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 4.6% |
Historical Data for: | 2019-2022 |
No. of Pages: | 185 |
Tables, Charts & Figures: | 115 |
Segments covered: | By Technology, By Automation Type |
Companies covered:: | Lincoln Electric Holdings Inc., Kemppi Oy, Elektriska Svetsnings-Aktiebolaget (ESAB), Fronius International GmbH, Carl Cloos Schweisstechnik GmbH, AMADA WELD TECH, EWM AG, Hobart Welders, Denyo Co. Ltd, W. W. Grainger Inc, Obara Corporation, Polysoude SAS, CEBORA S.p.A, TRUMPF Group, voestalpine AG*, and other key companies. |
Pitfalls & Challenges: | Covid-19 Empact, Challenges, Growth, Analysis |
Get more details on this report -
Driving Factors
The market for welding equipment, accessories, and consumables relies heavily on transportation, building & construction, and heavy industries. Welding is commonly utilized in the transportation sector for producing different vehicle body components. An anticipated increase in demand for welding products due to innovations in the automotive industry is likely to boost the market for welding equipment, accessories, and consumables in the coming years. Welding supplies are also used in the construction sector, which is expanding steadily and upcoming infrastructure projects are expected to boost the market for welding equipment, accessories, and consumables. The increasing need for welded steel in building residential and commercial structures is anticipated to boost the market in the future. The increase in construction output will have a positive effect on the market for welding equipment, accessories, and consumables.
Restraining Factors
Excessive energy usage, sensitivity to the environment, incorrect choices, lack of maintenance, and expensive, and challenging to manufacture are key issues encountered by certain equipment.
Market Segmentation
The Germany welding equipment market share is classified into technology and automation type.
- The arc welding segment is expected to hold the largest market share through the forecast period.
The Germany welding equipment market is segmented by technology into arc welding, resistance spot welding, MIG/TIG welding, laser beam welding, and others. Among these, the arc welding segment is expected to hold the largest market share through the forecast period. The arc welding sector is expected to experience rapid growth in the upcoming years due to its affordability and adaptability within various industries. It is a welding technique commonly applied in the fabrication of steel structures for vehicles and construction projects.
- The automatic segment dominates the market with the largest market share over the predicted period.
The Germany welding equipment market is segmented by automation type into automatic, semi-automatic, and manual. Among them, the automatic segment dominates the market with the largest market share over the predicted period. The use of welding robots in manufacturing facilities has reduced the reliance on manual automation methods and workers in various sectors. The rise in robot use is expected to boost the automated welding sector. Furthermore, the emergence of advanced robotic welding systems incorporating remote control and artificial intelligence is creating new prospects for automated welding on a global scale.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Germany welding equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Lincoln Electric Holdings Inc.
- Kemppi Oy
- Elektriska Svetsnings-Aktiebolaget (ESAB)
- Fronius International GmbH
- Carl Cloos Schweisstechnik GmbH
- AMADA WELD TECH
- EWM AG
- Hobart Welders
- Denyo Co. Ltd
- W. W. Grainger Inc
- Obara Corporation
- Polysoude SAS
- CEBORA S.p.A
- TRUMPF Group
- voestalpine AG*
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In July 2024, Urban Steel Rockstars unites industry leaders and welding experts to establish a platform for shaping the future of the welding equipment industry.
Market Segment
This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Welding Equipment Market based on the below-mentioned segments:
Germany Welding Equipment Market, By Technology
- Arc Welding
- Resistance Spot Welding
- MIG/TIG Welding
- Laser Beam Welding
- Others
Germany Welding Equipment Market, By Automation Type
- Automatic
- Semi-Automatic
- Manual
Need help to buy this report?