Germany leads the global export of automatic electric plasma and other arc welding equipment, contributing 24.17% of the total share in 2023, indicating a steady increase by 2.39% compared to 2022. Switzerland and Canada emerged with significant increases in their shares, 24.24% and 5.92% respectively. Despite Japan's sizeable share (12.65%), it experienced a decline of 2.62%. The United States saw growth of 2.39%, and China increased by 3.76%. Notably, smaller markets such as Bosnia and Herzegovina and Israel witnessed substantial upswings in growth, showcasing emerging players in the market.
The future landscape of global exports of welding equipment may observe continued dominance by Germany. However, growth in smaller markets and economic fluctuations may play a significant role in reshaping market shares. Observing advancements in technology and increases in automation within manufacturing processes may foster shifts in export dynamics. Sustainability practices and adaptation to digitalization will further influence the competitive environment.
Top countries in Export of Automatic Electric Plasma and Other Arc Welding Equipment Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.17 | 2023 | +2.47% | +2.39% | View data |
| 2 | 2 Japan | 12.65 | 2023 | +0.55% | -2.62% | View data |
| 3 | 3 United States | 10.46 | 2023 | +1.58% | +2.39% | View data |
| 4 | 4 China | 9.88 | 2023 | +4.29% | +3.76% | View data |
| 5 | 5 Austria | 9.24 | 2023 | +2.2% | +1.4% | View data |
| 6 | 6 Switzerland | 5.31 | 2023 | +5.13% | +24.24% | View data |
| 7 | 7 Canada | 3.95 | 2023 | +4.37% | +5.92% | View data |
| 8 | 8 Finland | 3.95 | 2023 | +1.18% | +0.12% | View data |
| 9 | 9 Netherlands | 3.49 | 2023 | +4.71% | +1.66% | View data |
| 10 | 10 Czech Republic | 2.95 | 2023 | +3.11% | +2.7% | View data |
