Market Size of Europe Welding Equipment Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 4.90 Billion |
Market Size (2029) | USD 5.97 Billion |
CAGR (2024 - 2029) | 4.05 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Welding Equipment Market Analysis
The Europe Welding Equipment Market size is estimated at USD 4.90 billion in 2024, and is expected to reach USD 5.97 billion by 2029, growing at a CAGR of 4.05% during the forecast period (2024-2029).
All construction-related operations worldwide had been halted due to the COVID-19 pandemic and consequent lockdowns. As a result, modular construction projects in various construction segments, such as educational, residential, airports, and others, had decreased, thus significantly impacting demand for prefabricated buildings. In several places, the supply chain had also been interrupted, thus causing a delay in the delivery of construction material required and affecting the construction activities.
- Welding is one of the critical processes employed in the manufacturing sector. The growth of the latter one has a profound impact on the former one. Manufacturing is enjoying a resurgence in Europe, one of the regions with major manufacturing output. Manufacturing is the backbone of the European economy.
- The ongoing 4th Industrial Revolution (Industry 4.0) is impacting manufacturing at a global level, starting with developed countries, and progressively spreading to emerging countries. The ubiquitous use of sensors, along with the expansion of wireless communication and networks, and with the deployment of increasingly intelligent robots and machines, has the potential to transform the way manufacturing is done in Europe.
- Such a digital industrial revolution holds the promise of increased flexibility in production, mass customization, increased speed, better quality, and improved productivity. This scenario has created a need to strengthen the competitiveness of the European welding industry with an in-depth focus on technology.
- As per the industry sources, the market seems mature, and conventional techniques, such as arc welding and resistance welding, are the mostly employed for welding applications by a majority of the end users. Additionally, there is a growing demand for welding robots in the manufacturing industry. With their most extensive use found in the automotive industry, welding robots can easily be reprogrammed to accommodate flexible production processes.
Europe Welding Equipment Industry Segmentation
Welding equipment includes welding machines, power sources and devices used directly to perform the welding process, and devices for quickly assembling the parts to be welded, devices for holding the parts during welding, and the weldment include devices to prevent or reduce warpage of Articles, auxiliary equipment.
A complete background analysis of the European welding equipment market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, production statistics, and geographical coverage are covered in the report.
The market is segmented by Type (Welding Equipment and Welding Consumables), by Process (Arc Welding, Gas Welding, Soldering and Brazing, and Other Processes [Resistance Welding, Forge Welding, etc.]), by End User (Construction and Infrastructure, Oil and Gas, Energy and Power, Automotive and Shipbuilding, Aerospace and Defense, Heavy Engineering, Railways, and Other End Users), and by Country (Germany, UK, France, Italy, Russia, Finland, Netherlands, Belgium, and Rest of Europe). The report offers the market sizes and forecasts for the Europe welding equipment market in value (USD) for all the above segments.
By Type | |
Welding Equipment | |
Welding Consumables |
By Process | |
Arc Welding | |
Gas Welding | |
Soldering and Brazing | |
Other Processes (Resistance Welding, Forge Welding, etc.) |
By End-user | |
Construction and Infrastructure | |
Oil and Gas | |
Energy and Power | |
Automotive and Shipbuilding | |
Aerospace and Defense | |
Heavy Engineering | |
Railways | |
Other End Users |
By Geography | |
Germany | |
United Kingdom | |
France | |
Italy | |
Russia | |
Finland | |
Netherlands | |
Belgium | |
Rest of Europe |
Europe Welding Equipment Market Size Summary
The European welding equipment market is poised for steady growth, driven by the resurgence of the manufacturing sector and the ongoing advancements in Industry 4.0. As manufacturing becomes increasingly digitized, the demand for advanced welding technologies and automation, such as welding robots, is on the rise. This shift is expected to enhance production flexibility, speed, and quality, thereby strengthening the competitiveness of the European welding industry. The market is characterized by a mix of traditional techniques and emerging technologies, with major players like Kemppi Oyy and ESAB leading the charge. The steel industry in Europe, a significant consumer of welding processes, is stabilizing, providing further impetus to the market. Additionally, the focus on training and upskilling in digital welding competencies is set to address the evolving needs of the workforce in this digital age.
In Russia, the welding equipment market is experiencing growth, fueled by the oil and gas industry's expansion and significant investments from major companies. Despite challenges such as the conflict with Ukraine affecting supply chains, the demand for welded pipes and related equipment remains strong. The Russian market relies heavily on imports for its welding equipment needs, presenting opportunities for European manufacturers to tap into this growing market. The presence of top global manufacturers in Europe, coupled with regional players focusing on advanced technologies, creates a competitive landscape. Recent acquisitions and product innovations, such as Lincoln Electric's acquisition of Fori Automation and Kemppi's introduction of the X5 FastMig Pulse welding system, highlight the dynamic nature of the market and the ongoing push towards automation and efficiency.
Europe Welding Equipment Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Current Market Scenario
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1.2 Technological Trends - Robotics and Automation
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1.3 Insights on the Steel Industry
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1.4 Role of E-Commerce - Analyst View
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1.5 Brief on the Global Industrial Laser Market and Opportunity for Laser Welding
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1.6 Spotlight on Disruptive Welding Techniques*
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Welding Equipment
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2.1.2 Welding Consumables
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2.2 By Process
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2.2.1 Arc Welding
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2.2.2 Gas Welding
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2.2.3 Soldering and Brazing
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2.2.4 Other Processes (Resistance Welding, Forge Welding, etc.)
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2.3 By End-user
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2.3.1 Construction and Infrastructure
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2.3.2 Oil and Gas
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2.3.3 Energy and Power
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2.3.4 Automotive and Shipbuilding
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2.3.5 Aerospace and Defense
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2.3.6 Heavy Engineering
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2.3.7 Railways
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2.3.8 Other End Users
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2.4 By Geography
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2.4.1 Germany
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2.4.2 United Kingdom
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2.4.3 France
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2.4.4 Italy
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2.4.5 Russia
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2.4.6 Finland
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2.4.7 Netherlands
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2.4.8 Belgium
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2.4.9 Rest of Europe
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Europe Welding Equipment Market Size FAQs
How big is the Europe Welding Equipment Market?
The Europe Welding Equipment Market size is expected to reach USD 4.90 billion in 2024 and grow at a CAGR of 4.05% to reach USD 5.97 billion by 2029.
What is the current Europe Welding Equipment Market size?
In 2024, the Europe Welding Equipment Market size is expected to reach USD 4.90 billion.