Published: May 2022 | Report Code: 11747 | Available Format: PDF | Pages: 83
In 2021, the U.S. engine-driven welder market was valued at $122.3 million, and it is projected to progress at a CAGR of 4.8% during 2021–2030. The market is mainly driven by the increasing demand for engine-driven welders for dual operations in the mining sector, rising need for them in pipeline applications, and growing construction sector.
In the U.S., the demand for advanced engine-driven welders has witnessed a rise in recent years. Owing to this, manufacturing companies, such as Miller Electric Mfg. LLC and Lincoln Electric Holdings Inc., are developing products that are compact, lightweight, and easy to operate and have a lesser setup time.
The surging demand for these devices for dual operations in the mining sector is one of the major factors driving the U.S. engine-driven welder market. They are required to carry out repairs on mining machinery and remove cracks or damaged parts. In addition, they are required for powering other devices in the absence of prime electric power. Owing to the dual operating capabilities of these welders, mining companies strongly prefer them for a prime and backup power supply, as well as for metalworking purposes.
Mining activities in the U.S. take place on a large scale for the extraction of minerals and other geological materials. In 2020, the country produced raw mineral commodities worth approximately $90,000 million, which climbed by more than 10% in 2021, to around $100,000 million. With the increase in mining activities, the demand for repairing mining equipment is likely to rise, which, in turn, is expected to create a high demand for engine-driven welders in the country.
During the COVID-19 pandemic, due to the restrictions implemented by the government, several industries, including metal, construction, and mining, were impacted badly. When the pandemic struck, it disrupted every aspect of these industries, from manufacturing to the distribution of finished products. Moreover, the outbreak of the pandemic lowered the demand for and sales of products and stopped the mining activities. Moreover, the metalworking industry had to drastically scale down its operations due to the lack of manpower. This further led to a decline in the engine-driven welder demand in the U.S., thus resulting in a negative impact on the market.
Market Size in 2021
$122.3 Million (Estimated)
Revenue Forecast in 2030
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
By Fuel Type; By Amperage; By Application
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Engine-driven welders are used in the construction sector to weld steel in residential and commercial sites and weld construction equipment. The construction industry in the U.S. has witnessed stable growth over the past few years, and the trend is likely to continue during the forecast period. With construction activities shifting to remote areas (outside towns), where uncertainties exist about the availability of power, the demand for engine-integrated welders is expected to increase. This is attributed to their ability to serve as welding machines and, at the same time, supply power at construction sites.
Moreover, in March 2021, the President of the U.S., Joe Biden unveiled a more-than-$2-trillion infrastructure package to bolster the post-pandemic economy. The proposal includes:
In the U.S. engine-driven welder market, the diesel category held the largest share, of more than 50%, in 2021. This can be ascribed to the large-scale adoption of diesel-based engine-driven welders in oil & gas pipeline construction and maintenance works. In addition, diesel is more economical in comparison to gasoline, and it does not ignite as easily as the latter, which makes it suitable for usage in refineries and other industrial facilities.
The demand for 300–399A engine-driven welders is projected to witness the highest CAGR, of around 5%, reaching more than $38.0 million in sales value by 2030. This growth can be attributed to their large-scale usage in pipeline, construction, maintenance, repair, fabrication, and structural steelwork applications. In addition, the demand for these variants has witnessed an increase in the agriculture sector for equipment fabrication and repair applications.
The U.S. engine-driven welder market is consolidated in nature with the presence of several major players. In recent years, they have pursued product launches in order to stay ahead of their competitors. For instance:
The research offers the market size of the global U.S. engine-driven welder market for the period 2017–2030.
Based on Fuel Type
Based on Amperage
Based on Application
In 2021, the engine-driven welder market in the U.S. valued $122.3 million.
The launch of advanced equipment is the major trend in the U.S. engine driven welder industry.
The engine-driven welder market in the U.S. is driven by the growing mining, construction, and oil & gas industries.
The U.S. engine-driven welder industry is consolidated.
The investment of more than $2 trillion in the infrastructure sector of the country for post-COVID-19 economic boost will drive the U.S. engine-driven welder market.
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