| Product Code: ETC309925 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Thailand import trend for the welding market experienced a decline from 2023 to 2024, with a growth rate of -9.48%. The compound annual growth rate (CAGR) for the period 2020-2024 stood at 0.7%. This negative import momentum in 2024 may be attributed to shifting demand patterns or changes in trade policies impacting market stability.
In the Thailand Welding Market, the focus is on welding equipment and technologies used in manufacturing, construction, and automotive industries. Welding is a critical process in these sectors, and the market reflects the demand for high-quality welding machines, consumables, and services. The expansion of infrastructure and construction projects in Thailand has contributed to the growth of this market.
The Thailand welding market is driven by a combination of factors. Firstly, the thriving construction and infrastructure development sector in the country fuels the demand for welding equipment and services. As Thailand continues to invest in building new roads, bridges, buildings, and industrial facilities, there is a constant need for welding processes to join and fabricate metal components. Additionally, the automotive and manufacturing industries in Thailand contribute significantly to the welding market, as they require precise and high-quality welding techniques for the production of vehicles and machinery. Furthermore, the growing awareness of the importance of welding in maintaining structural integrity and safety standards in various industries also boosts the market.
In the Thailand Welding market, challenges include the need for constant innovation and technology adoption to meet the demands of various industries. Welding is a critical process in manufacturing and construction, and staying up-to-date with the latest welding techniques and equipment is essential. Safety and compliance with welding standards and regulations pose ongoing challenges, as non-compliance can result in safety hazards and legal issues. Moreover, the availability of skilled welders can be a limitation in some regions. Economic fluctuations and the cyclical nature of industries like construction and automotive can also impact the demand for welding services and equipment.
The Thailand Welding Market faced significant challenges during the COVID-19 pandemic. The construction and manufacturing sectors, major users of welding equipment, experienced disruptions due to lockdowns, labor shortages, and supply chain interruptions. These factors led to delays in construction projects and reduced manufacturing activities. However, as the pandemic highlighted the importance of local manufacturing and self-reliance, there was a renewed interest in welding technology to support domestic production. The market adapted by offering training and support services to address skill shortages and by emphasizing the importance of automated and robotic welding solutions for increased efficiency. As the economy recovered, the market gradually regained momentum.
Leading players in the Thailand Welding market comprise companies like Lincoln Electric Holdings, Inc., ESAB, and Fronius International GmbH. These companies specialize in welding equipment and solutions, catering to diverse industrial needs.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Welding Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Welding Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Welding Market - Industry Life Cycle |
3.4 Thailand Welding Market - Porter's Five Forces |
3.5 Thailand Welding Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Thailand Welding Market Revenues & Volume Share, By Welding Type, 2021 & 2031F |
3.7 Thailand Welding Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Welding Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for welding services in sectors such as construction, automotive, and manufacturing due to infrastructure development projects. |
4.2.2 Technological advancements in welding equipment and techniques leading to higher efficiency and quality of work. |
4.2.3 Growing adoption of automation and robotics in welding processes to improve productivity and precision. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the overall cost of welding operations. |
4.3.2 Lack of skilled welders and technicians in the market leading to quality issues and project delays. |
4.3.3 Stringent regulations and standards related to welding processes and safety requirements increasing compliance costs for businesses. |
5 Thailand Welding Market Trends |
6 Thailand Welding Market, By Types |
6.1 Thailand Welding Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Welding Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Thailand Welding Market Revenues & Volume, By Welding Equipment, 2021-2031F |
6.1.4 Thailand Welding Market Revenues & Volume, By Consumables, 2021-2031F |
6.2 Thailand Welding Market, By Welding Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Welding Market Revenues & Volume, By Arc, 2021-2031F |
6.2.3 Thailand Welding Market Revenues & Volume, By Resistance, 2021-2031F |
6.2.4 Thailand Welding Market Revenues & Volume, By Oxy-Acetylene Gas, 2021-2031F |
6.2.5 Thailand Welding Market Revenues & Volume, By Solid State, 2021-2031F |
6.2.6 Thailand Welding Market Revenues & Volume, By Others, 2021-2031F |
6.3 Thailand Welding Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Thailand Welding Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.3 Thailand Welding Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.4 Thailand Welding Market Revenues & Volume, By Heavy Engineering, 2021-2031F |
6.3.5 Thailand Welding Market Revenues & Volume, By Railway & Shipbuilding, 2021-2031F |
6.3.6 Thailand Welding Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.7 Thailand Welding Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Welding Market Import-Export Trade Statistics |
7.1 Thailand Welding Market Export to Major Countries |
7.2 Thailand Welding Market Imports from Major Countries |
8 Thailand Welding Market Key Performance Indicators |
8.1 Welding process efficiency rate: Measure of how effectively welding processes are being carried out, indicating potential cost savings and improved productivity. |
8.2 Welding defect rate: Monitoring the number of defects in welding projects to ensure quality standards are met and identify areas for improvement. |
8.3 Welding equipment utilization rate: Tracking the usage of welding equipment to optimize resource allocation and maintenance schedules for increased operational efficiency. |
9 Thailand Welding Market - Opportunity Assessment |
9.1 Thailand Welding Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Thailand Welding Market Opportunity Assessment, By Welding Type, 2021 & 2031F |
9.3 Thailand Welding Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Welding Market - Competitive Landscape |
10.1 Thailand Welding Market Revenue Share, By Companies, 2024 |
10.2 Thailand Welding Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |