Global Welding Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Welding Equipment and Consumables.

By Welding Type;

Arc, Resistance, Oxy-Acetylene Gas, Solid State, and Others

By Application;

Automobile, Building & Construction, Heavy Engineering, Railway & Shipbuilding, Oil & Gas, and Others (Aerospace and etc.).

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn285008113 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Welding Market (USD Million), 2021 - 2031

In the year 2024, the Global Welding Market was valued at USD 25,300.58 million. The size of this market is expected to increase to USD 36,103.33 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.

The global welding market has experienced significant growth and evolution over the past decades, driven by advancements in technology and increasing demand from various industries. Welding, a fundamental process in manufacturing and construction, involves joining materials—usually metals or thermoplastics—by causing fusion. This process is crucial for the construction of infrastructure, automotive, aerospace, and industrial machinery, among other applications. The market encompasses a wide range of welding techniques, including arc welding, gas welding, resistance welding, and laser welding, each catering to specific needs and applications.

Technological advancements have played a pivotal role in shaping the welding market. Innovations such as automated welding systems, robotics, and advanced welding materials have enhanced the efficiency, precision, and safety of welding operations. The adoption of automated and robotic welding systems has increased productivity and consistency while reducing labor costs and minimizing human error. Additionally, developments in welding consumables and equipment, such as high-performance electrodes and power sources, have expanded the capabilities and applications of welding.

The global welding market is influenced by various economic and industrial factors. The growth of key sectors such as construction, automotive, and shipbuilding drives demand for welding services and products. Emerging economies, particularly in Asia-Pacific and Latin America, are contributing significantly to market expansion due to rapid industrialization and infrastructure development. Conversely, fluctuations in raw material prices and environmental regulations pose challenges to market growth. Companies are increasingly focusing on sustainable practices and developing eco-friendly welding technologies to address these concerns.

The competitive landscape of the welding market is characterized by the presence of numerous players ranging from global giants to specialized local manufacturers. Major companies are engaging in strategic initiatives such as mergers, acquisitions, and partnerships to strengthen their market position and expand their product offerings. Research and development efforts are also a key focus, with companies investing in new technologies and solutions to meet evolving industry demands and enhance their competitive edge. As the market continues to evolve, trends such as the integration of welding technologies with Industry 4.0 and the increasing emphasis on sustainability will likely shape its future trajectory.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Welding Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Increasing Construction Projects
        3. Growing Automotive Industry
      2. Restraints
        1. High Equipment Costs
        2. Skilled Labor Shortage
        3. Stringent Regulations
      3. Opportunities
        1. Emerging Markets Expansion
        2. Automation and Robotics Integration
        3. Sustainable Welding Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Welding Market, By Type, 2021 - 2031 (USD Million)
      1. Welding Equipment
      2. Consumables
    2. Global Welding Market, By Application, 2021 - 2031 (USD Million)
      1. Automobile
      2. Building & Construction
      3. Heavy Engineering
      4. Railway & Shipbuilding
      5. Oil & Gas
      6. Others (Aerospace and etc.)
    3. Global Welding Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Lincoln Electric
      2. KOBE STEEL, LTD
      3. ESAB
      4. ZULFI
      5. KISWEL CO.LTD
      6. CS HOLDINGS LTD
      7. RME MIDDLE EAST
      8. voestalpine BHLER Edelstahl GmbH
      9. capilla
      10. Tianjin Golden Bridge Welding Materials Group International Trading Co., Ltd.
      11. Miller Electric Mfg. LLC
      12. Colfax Corporation
      13. Fronius International GmbH
  7. Analyst Views
  8. Future Outlook of the Market