Industrial Production Products & Services

Welding Machines: Market Size, Growth & Forecast to 2030

The Welding Machines market is valued at about $23.6 billion (2026) and is projected to grow at a 5.2% CAGR through 2030. The largest cost driver is Electronic Components and Inverters (35% of spend). Asia Pacific leads demand at 40%.

Market size
$23.6 bn (2026)
CAGR to 2030
+5.2%
Buyer power
Favours buyers
Tracked suppliers
45
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 5.2% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 129

Cost structure

Electronic Components and Inverters
35%
Raw Materials Steel and Copper
25%
Direct Manufacturing Labor
20%
Logistics and Packaging
10%
Overhead and Manufacturing Energy
10%

Regional demand split

Asia Pacific demand
40%
North America demand
25%
Europe demand
20%
Rest of world demand
15%

Key suppliers

Lincoln ElectricIllinois Tool WorksESAB CorporationFronius InternationalDaihen CorporationShenzhen Jasic Technology
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/welding-machines