Market Overview:
The global hybrid welding equipment market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for hybrid welding equipment in various applications such as automobiles, aviation, precision equipment, and others. Additionally, the growing demand for lightweight and fuel-efficient vehicles is also propelling the growth of the global hybrid welding equipment market.
Product Definition:
Hybrid welding equipment is a type of welding equipment that uses more than one type of welding process. It can be used to weld different types of metals together.
Laser Welding:
Laser welding is a type of welding technology that uses a laser beam as the heat source to melt the metal and pass it on for fusing. It offers several advantages over conventional techniques like arc welding, gas metal-arc (MMA) or Resistance Welding (RWA), etc., used in manufacturing industries.
Arc Welding:
The process of welding metal or other material with the help of a high-frequency electrical current passed through a consumable electrode is known as arc welding. It has wide applications in various industries such as automotive, construction, shipbuilding and offshore exploration among others. The equipment used for arc welding includes MIG (Metal Inert Gas) and TIG (Metal Oxide Insulator Gas) welder machines along with electrodes, cables & rods that are made up of carbon steel or stainless steel.
Application Insights:
The other application segment includes construction, marine and others. The global automotive industry is witnessing a paradigm shift due to the rising demand for fuel-efficient vehicles. Governments are making stringent rules regarding the production of new cars and their fuels in order to reduce air pollution. This is expected to drive demand for GHE machines in automobiles over the forecast period.
Automotive was estimated as one of the largest applications across all regions with a share of 26% in 2017 owing to increasing sales of passenger vehicles particularly in China, India and Brazil on account of growing middle-class population that can afford these cars after paying income tax at higher rates on savings accounts coupled with health insurance provided by employers which has increased spending power among consumers worldwide including China Japan Germany France U.K., U.S.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing demand from industries, such as automotive and aerospace. China is projected to remain an important country in this market on account of rapid industrialization along with presence of various end-use industries.
Europe was estimated at USD X million in 2017 and is anticipated to witness significant growth over the forecast period due to growing manufacturing sector across countries such as Germany, France, Italy and Russia among others. In addition, rising adoption of laser technology across these countries will drive industry expansion further over the next eight years or so.
Growth Factors:
- Increasing demand for hybrid welding equipment from the automotive and transportation sector due to the growing popularity of lightweight vehicles.
- Rising demand for hybrid welding equipment in the construction and infrastructure sector due to increasing investments in these sectors.
- Growing demand for hybrid welding equipment from the manufacturing sector due to rising industrial production across different regions.
- Increasing adoption of hybrid welding technology by small- and medium-scale enterprises (SMEs) owing to its cost-effective nature compared to traditional welding methods.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hybrid Welding Equipment Market Research Report
By Type
Laser Welding, Arc Welding
By Application
Automobile, Aviation, Precision Equipment, Other
By Companies
Carl Cloos Schweisstechnik, Colfax Corporation, EWI, KUKA, Lincoln Electric, TRUMPF, ...
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Hybrid Welding Equipment Market Report Segments:
The global Hybrid Welding Equipment market is segmented on the basis of:
Types
Laser Welding, Arc Welding
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile, Aviation, Precision Equipment, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Carl Cloos Schweisstechnik
- Colfax Corporation
- EWI
- KUKA
- Lincoln Electric
- TRUMPF
- ...
Highlights of The Hybrid Welding Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Laser Welding
- Arc Welding
- By Application:
- Automobile
- Aviation
- Precision Equipment
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hybrid Welding Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hybrid welding equipment is a type of welding equipment that uses both arc and gas welding processes. This type of welding equipment allows welders to create a variety of welds, including fillet, seam, and butt joints.
Some of the major companies in the hybrid welding equipment market are Carl Cloos Schweisstechnik, Colfax Corporation, EWI, KUKA, Lincoln Electric, TRUMPF.
The hybrid welding equipment market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hybrid Welding Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hybrid Welding Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hybrid Welding Equipment Market - Supply Chain
4.5. Global Hybrid Welding Equipment Market Forecast
4.5.1. Hybrid Welding Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hybrid Welding Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hybrid Welding Equipment Market Absolute $ Opportunity
5. Global Hybrid Welding Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hybrid Welding Equipment Market Size and Volume Forecast by Type
5.3.1. Laser Welding
5.3.2. Arc Welding
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hybrid Welding Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hybrid Welding Equipment Market Size and Volume Forecast by Application
6.3.1. Automobile
6.3.2. Aviation
6.3.3. Precision Equipment
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hybrid Welding Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hybrid Welding Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hybrid Welding Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hybrid Welding Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hybrid Welding Equipment Demand Share Forecast, 2019-2029
9. North America Hybrid Welding Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hybrid Welding Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hybrid Welding Equipment Market Size and Volume Forecast by Application
9.4.1. Automobile
9.4.2. Aviation
9.4.3. Precision Equipment
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hybrid Welding Equipment Market Size and Volume Forecast by Type
9.7.1. Laser Welding
9.7.2. Arc Welding
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hybrid Welding Equipment Demand Share Forecast, 2019-2029
10. Latin America Hybrid Welding Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hybrid Welding Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hybrid Welding Equipment Market Size and Volume Forecast by Application
10.4.1. Automobile
10.4.2. Aviation
10.4.3. Precision Equipment
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hybrid Welding Equipment Market Size and Volume Forecast by Type
10.7.1. Laser Welding
10.7.2. Arc Welding
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hybrid Welding Equipment Demand Share Forecast, 2019-2029
11. Europe Hybrid Welding Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hybrid Welding Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hybrid Welding Equipment Market Size and Volume Forecast by Application
11.4.1. Automobile
11.4.2. Aviation
11.4.3. Precision Equipment
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hybrid Welding Equipment Market Size and Volume Forecast by Type
11.7.1. Laser Welding
11.7.2. Arc Welding
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hybrid Welding Equipment Demand Share, 2019-2029
12. Asia Pacific Hybrid Welding Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hybrid Welding Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hybrid Welding Equipment Market Size and Volume Forecast by Application
12.4.1. Automobile
12.4.2. Aviation
12.4.3. Precision Equipment
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hybrid Welding Equipment Market Size and Volume Forecast by Type
12.7.1. Laser Welding
12.7.2. Arc Welding
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hybrid Welding Equipment Demand Share, 2019-2029
13. Middle East & Africa Hybrid Welding Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hybrid Welding Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hybrid Welding Equipment Market Size and Volume Forecast by Application
13.4.1. Automobile
13.4.2. Aviation
13.4.3. Precision Equipment
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hybrid Welding Equipment Market Size and Volume Forecast by Type
13.7.1. Laser Welding
13.7.2. Arc Welding
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hybrid Welding Equipment Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Hybrid Welding Equipment Market: Market Share Analysis
14.2. Hybrid Welding Equipment Distributors and Customers
14.3. Hybrid Welding Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Carl Cloos Schweisstechnik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Colfax Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. EWI
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. KUKA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lincoln Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TRUMPF
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ...
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
