Welding Equipment Market Is Highly Growing in Industry with Good Revenue by 2027

Welding processes are used to manufacture the vast majority of industrial products. As a result, the global demand for welding equipment to carry out the welding process is increasing. However, the use of new materials in various industries has necessitated the development of cutting-edge welding technology. As a result, manufacturers are focusing on developing new welding machines and equipment to meet the increasing demand and meet the need for timely product development.

The global welding equipment market was valued at US$ 12,034.81 Mn in 2018 and is expected to grow at a CAGR of 7.9% during the forecasted period (2019-2027)

In the global welding equipment market, the concept of robotic laser welding is also gaining traction. Manufacturers can weld parts faster, better, more consistently, and safely with the help of robotic welding. The automotive industry has a high demand for robotic laser welding due to the constant need for the perfect joining of two parts.
Manufacturers of welding equipment are also introducing new technologies to improve quality, safety, and productivity across industries. Welding equipment automation is accomplished by providing pre-configured weld cells.

These cells enable users to customise the welding system for a wide range of applications. Manufacturers of welding equipment are also focusing on developing technologies that will aid in the training of welding operators and save companies money on training. These systems produce results by using sensors to track motion.

Key players operating in the global welding equipment market are Amada Miyachi, Inc., Arcon Welding Equipment, Colfax Corporation, DAIHEN Corporation, ESAB Welding & Cutting Products, Fronius International GmbH, Illinois Tool Works, Inc., Nelson Stud Welding (Doncasters Group, Ltd.), Obara Corporation, Panasonic Corporation., Rofin-Sinar Technologies, Sonics & Materials, Inc., The Lincoln Electric Company, and voestalpine AG.

Key Developments
Key companies in the market are focused on capacity expansion, in order to gain competitive edge in the market. For instance, in May 2018, DAIHEN Inc., opened Detroit Technical Center in Detroit, Michigan for the sales and service of manual and robotic welding components.