Fully or Partly Automatic Arc Welding Machine Market

The market for fully or partly automatic electric machines for arc welding of metals is projected to see growth in consumption and value over the period from 2022 to 2030, with a forecasted CAGR of +1.2% and +3.6% respectively. Global consumption increased by 19% in 2022, reaching 5M units, with China leading as the largest consumer. Production and imports also saw increases, with China dominating both sectors. Export prices remained stable in 2022, with China and Belarus leading in terms of volume and value of exports. Overall, the market is expected to see steady growth in the near future.

Market Forecast

Driven by increasing demand for fully or partly automatic electric machines for arc welding of metals worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.2% for the period from 2022 to 2030, which is projected to bring the market volume to 5.5M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $18.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

In 2022, consumption of fully or partly automatic electric machines for arc welding of metals increased by 19% to 5M units, rising for the second consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.

The revenue of the market for fully or partly automatic electric machines for arc welding of metals worldwide expanded markedly to $14.2B in 2022, increasing by 7.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the global market hit record highs at $14.7B in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

China (985K units) remains the largest fully or partly automatic arc welding machine consuming country worldwide, comprising approx. 20% of total volume. Moreover, consumption of fully or partly automatic electric machines for arc welding of metals in China exceeded the figures recorded by the second-largest consumer, the United States (422K units), twofold. The third position in this ranking was held by Canada (412K units), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled -1.9%. In the other countries, the average annual rates were as follows: the United States (+4.1% per year) and Canada (+12.3% per year).

In value terms, the largest fully or partly automatic arc welding machine markets worldwide were Russia ($2.9B), India ($2.4B) and Japan ($1.7B), with a combined 50% share of the global market. The United States, Mexico, Turkey, Brazil, China, Austria, Canada, Belarus, Poland and Australia lagged somewhat behind, together comprising a further 27%.

Austria, with a CAGR of +35.8%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while metals for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of fully or partly automatic arc welding machine per capita consumption in 2022 were Belarus (14 units per 1000 persons), Austria (12 units per 1000 persons) and Canada (11 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +32.1%), while metals for the other global leaders experienced more modest paces of growth.

Production

World Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

In 2022, the amount of fully or partly automatic electric machines for arc welding of metals produced worldwide totaled 4.7M units, surging by 2.3% compared with 2021 figures. The total output volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 15%. Global production peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, production of fully or partly automatic electric machines for arc welding of metals shrank slightly to $9.7B in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 20%. Global production peaked at $10.7B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (2.2M units) remains the largest fully or partly automatic arc welding machine producing country worldwide, accounting for 46% of total volume. Moreover, production of fully or partly automatic electric machines for arc welding of metals in China exceeded the figures recorded by the second-largest producer, the United States (429K units), fivefold. The third position in this ranking was taken by India (302K units), with a 6.4% share.

In China, production of fully or partly automatic electric machines for arc welding of metals expanded at an average annual rate of +4.1% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (+3.4% per year) and India (-1.7% per year).

Imports

World Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

For the third consecutive year, the global market recorded growth in purchases abroad of fully or partly automatic electric machines for arc welding of metals, which increased by 35% to 2M units in 2022. In general, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals stood at $1.7B in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports By Country

In 2022, Canada (414K units), distantly followed by Brazil (252K units), Belarus (252K units), Mexico (153K units) and Australia (127K units) were the main importers of fully or partly automatic electric machines for arc welding of metals, together creating 60% of total imports. The following importers - Russia (71K units), Chile (58K units), India (55K units), Belgium (39K units) and the United States (36K units) - together made up 13% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +38.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($217M) constitutes the largest market for imported fully or partly automatic electric machines for arc welding of metals worldwide, comprising 13% of global imports. The second position in the ranking was taken by Mexico ($69M), with a 4.1% share of global imports. It was followed by Canada, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +2.4%. In the other countries, the average annual rates were as follows: Mexico (+1.2% per year) and Canada (+1.1% per year).

Import Prices By Country

In 2022, the average import price for fully or partly automatic electric machines for arc welding of metals amounted to $846 per unit, with a decrease of -19.4% against the previous year. In general, the import price recorded a deep slump. The growth pace was the most rapid in 2013 an increase of 16%. As a result, import price attained the peak level of $1,809 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($5,991 per unit), while Belarus ($14 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.7%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

In 2022, overseas shipments of fully or partly automatic electric machines for arc welding of metals decreased by -10.4% to 1.7M units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2018 with an increase of 49%. The global exports peaked at 1.9M units in 2021, and then contracted in the following year.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals reduced to $1.7B in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 24%. As a result, the exports attained the peak of $1.9B, and then declined in the following year.

Exports By Country

China dominates metals structure, amounting to 1.2M units, which was approx. 70% of total exports in 2022. Belarus (121K units) took a 7% share (based on physical terms) of total exports, which put it in second place, followed by Germany (5.4%). The following exporters - Japan (51K units) and the United States (44K units) - each amounted to a 5.5% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fully or partly automatic arc welding machine exports from China stood at +16.9%. At the same time, Belarus (+55.2%) and Japan (+12.5%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the world, with a CAGR of +55.2% from 2012-2022. By contrast, Germany (-2.1%) and the United States (-3.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Belarus increased by +35 and +6.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($359M), China ($237M) and Japan ($188M) appeared to be the countries with the highest levels of exports in 2022, with a combined 46% share of global exports.

In terms of the main exporting countries, China, with a CAGR of +12.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Export Prices By Country

In 2022, the average export price for fully or partly automatic electric machines for arc welding of metals amounted to $996 per unit, stabilizing at the previous year. Over the period under review, the export price, however, saw a deep contraction. The growth pace was the most rapid in 2014 an increase of 28%. As a result, the export price reached the peak level of $2,223 per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($3,866 per unit), while Belarus ($17 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.0%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform