Welding technology is an inseparable part of automobile industry with different types of welding techniques being used such as laser-beam welding, friction welding, and resistant welding. Rampant growth of automobile industry in the recent past increased the demand for welding equipment significantly. For instance, according to International Organization of Motor Vehicle Manufacturers (OICA), total global car sales were pegged at 82 million units in 2012, which increased to 95 million units in 2018. Moreover, rapid growth of construction industry, especially in emerging economies India and China is expected to drive the market growth over the forecast period. Various end-use industries such as transportation & automotive, steel structure, building & construction are witnessing lucrative growth emerging economies such as China and India, which in turn, is expected to boost the market growth over the forecast period.

Welding equipment is used to create joint two or more materials permanently usually metals or thermoplastics. There are different types of welding processes such as electric arcs, gas flames, electron beams, electric resistance, friction, electron beams, lasers, ultrasound, and molten metal baths. Different equipment are used in welding including welding helmets, gloves, blankets, etc., in order to withstand hazardous heat, sparks, glare, and spatter generated during welding. Moreover, welding tables and accessories are used during weld to improve efficiency and accuracy during welding tasks. On the basis of welding technique, the market is segmented as laser-beam welding, oxy-fuel welding, resistance welding, arc welding, and others. On the basis of application, the market is segmented into automobile & transportation, marine applications, building & construction, and others.