Welding equipment market seen reaching $13.9 billion by 2031

By AI, Created 12:51 PM UTC, June 02, 2026, /AGP/ – Allied Market Research projects the global welding equipment market will grow from $8.3 billion in 2021 to $13.9 billion by 2031, driven by construction and automotive demand. The report also points to faster growth in automation, resistance spot welding, construction, and Latin America, Middle East and Africa.

Why it matters: - The welding equipment market is tied to construction, automotive production, infrastructure work, and industrial fabrication. - A projected jump to $13.9 billion by 2031 signals steady demand for tools used in metal joining across major manufacturing and building sectors. - The forecast also highlights where suppliers may see the fastest growth: automation, specific welding types, and emerging regional markets.

What happened: - Allied Market Research published a report on the global welding equipment market covering type, technology, end-user industry, and region. - The market generated $8.3 billion in 2021 and is forecast to reach $13.9 billion by 2031. - The report projects a 5.1% CAGR from 2022 to 2031. - The analysis covers market trends, key investment pockets, value chain dynamics, regional landscape, and competition. - Download the sample report.

The details: - Welding equipment is used in automotive, aerospace, shipbuilding, fabrication workshops, and building and infrastructure projects. - The report cites steel bridge assembly as one example of structural welding use. - Infrastructure development, rising construction investment, and growth in the automotive and transportation industries are the main market drivers. - A shortage of skilled labor and the need for extensive welding training restrain market growth. - Technology advances are expected to create new opportunities. - COVID-19 disrupted supply chains, delaying raw materials, components, and finished products and pushing up equipment prices. - The industry has shown signs of recovery in the post-pandemic period.

Between the lines: - Arc welding remained the largest type segment in 2021, with about three-fourths of market revenue, because of broad use and lower cost. - Resistance spot welding is expected to post the fastest growth in the type category, with a 5.7% CAGR, driven by automotive demand. - Manual welding held more than two-thirds of market revenue in 2021 because of cost and wide usability. - Automatic welding is forecast to grow faster, at 5.4% CAGR, helped by higher accuracy and automotive adoption. - The automotive segment accounted for more than two-fifths of revenue in 2021 and is expected to stay the largest end-user category, supported by robotic welding demand. - Construction is projected to grow the fastest among end users, at 5.6% CAGR, because of steel construction usage. - Asia-Pacific held more than two-fifths of revenue in 2021 and is expected to remain the largest regional market, supported by automotive and construction activity. - LAMEA is projected to grow the fastest regionally, at 6.0% CAGR, on rapid infrastructure construction.

What’s next: - The report expects established players to defend share through product launches, collaborations, expansion, joint ventures, and agreements. - Key companies named in the report include Illinois Tool Works, Coherent, Carl Cloos Schweiss Technik, Panasonic Industry, Kemppi, ESAB, The Lincoln Electric Company, Fanuc, Cruxweld Industrial Equipments, and ACRO Automation Systems. - Enquire before buying.

The bottom line: - Welding equipment demand is set to expand steadily through 2031, with construction, automotive, and automation shaping the next phase of growth.