Europe Welding Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

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 Market Trends

This section covers the major market trends shaping the Europe Welding Equipment Market according to our research experts:

Insights on Steel Consumption Trends in Europe

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.