Welding Equipment Market Size

Welding Equipment Market Future Prospects

The global welding equipment market is expected to reach an estimated USD 20.1 billion in 2024, and rising at a CAGR of 6.1% from 2025 to 2030, it is projected to hit USD 28.4 billion by 2030.

The market is driven by the growing automotive, construction, shipbuilding, industrial manufacturing, aerospace & defense, and many other sectors. This is itself because of the growing population, its increasing disposable income, especially with its migration to cities from rural areas, and government efforts to advance their manufacturing sector’s contribution to their economies. The requirement for welding equipment is also being fueled by consumers' demand for automated devices over manual ones.

The expansion of the construction and infrastructure sectors in major global economies is expected to drive the requirement for welding consumables, such as stick electrodes, SAW wires, and fluxes.

The escalating rate of urbanization and global development are significantly boosting the demand for cutting accessories, welding machines, and consumables. Moreover, with the government and private sector initiatives for infrastructure development, manufacturing, mining, and oil and exploration in remote areas, which often lack grid connectivity, the demand for engine-driven welders continues to rise.

Moreover, the technological advancements in aviation, aerospace, energy, electronics, construction, and automobile industries have amplified the demand for welding equipment.