Arc Welding Equipment Market Overview:
Arc Welding Equipment Market Size was valued at USD 4.2 Billion in 2022. The arc welding equipment market industry is projected to grow from USD 4.43 Billion in 2023 to USD 6.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2024 - 2032). Major market drivers for the arc welding equipment market expansion are thought to include rising demand for autos and transportation technology.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Arc Welding Equipment Market Trends
Growing adoption in shipbuilding sector is driving the market growth
The arc welding equipment is a crucial component of the shipbuilding industry because it allows employees to quickly and accurately join and repair steel structures. The method is used to build bulkheads, decks, and other structural elements on ships and other vessels. Industry veterans claim that as vessels have grown bigger and more complicated, there has been a substantial increase in demand for arc welding techniques recently. In the shipbuilding sector, arc welding processes such as flux-cored arc welding (FCAW), shielded metal arc welding (SMAW), gas metal arc welding (GMAW), and submerged arc welding (SAW) are all used. These methods are employed for ship repairs and offshore structure maintenance as well as the joining of various metals, such as steel and aluminum. As a result, this element also influences the need for arc welding equipment.
Due to a lack of qualified labor in the manufacturing and processing industries, there is a considerable increase in demand for automated or robotic arc welding equipment, which is propelling the market. The expansion of the country's infrastructure is receiving significant government funding. Demand for the product should increase as the number of construction projects increases. Additionally, shipbuilding, steel structure production, aircraft, and defense all require arc welding equipment. The installation of power-grid technology for the production of renewable energy is a potential prospect for the expansion of the arc welding equipment business. Further promoting market expansion is the automotive industry's deployment of automated arc welding technology to meet the rising demand for passenger automobiles around the world.
The adoption of wind energy has grown dramatically during the last couple of years, according to the Global Wind Energy Council. Manufacturers of welding equipment could experience growth in the wind energy sector. Governments all around the world have imposed severe limits on the emissions of harmful gases like carbon because of environmental concerns. This in turn increases the demand for wind energy globally. Furthermore, the expansion of the arc welding equipment market is anticipated to be fueled by rising clean energy demand, notably in Europe and North America. This is due to the anticipated requirement for electrical grid infrastructure and the production of necessary parts to ensure that electricity is transmitted from wind energy fields to end-user companies in addition to the residential and commercial sectors across various nations.
Furthermore, due to its capacity to unite the majority of metals, arc welding has established itself as the most popular method of welding. Arc welding is used in both the production and maintenance of aircraft parts. The three types of welding— shielded metal arc welding, gas metal arc welding, and gas tungsten arc welding—all use an electric arc to concentrate heat, melt, and join the metals together. As a result, this aspect fuels the need for arc welding equipment. Thus, driving the arc welding equipment market revenue.
Arc Welding Equipment Market Segment Insights:
Arc Welding Equipment Process Insights
The Arc Welding Equipment Market segmentation, based on process includes Shielded Metal Arc Welding, Gas Metal Arc Welding, Flux Core Arc Welding, Gas Tungsten Arc Welding and Submerged Arc Welding. The shielded metal arc welding segment dominated the market. Since the 1950s, the industry has relied on the well-known welding technique known as shielded metal arc welding. This method of joining is sometimes referred to as stick welding, flux core welding, and manual metal arc welding (MMAW). It entails the creation of an arc between the workpiece and a coated metal electrode.
Arc Welding Equipment Level of Automation Insights
The Arc Welding Equipment Market segmentation, based on level of automation, includes Manual, Automatic and Semi-Automatic. The automatic category generated the most income as a result of their short welding cycle time, high output, and low welding costs. Over the course of the forecast period, demand for automatic arc welding equipment is anticipated to increase due to the equipment's rapid adoption in a number of end-use industries, including the automotive, construction, and aerospace sectors.
Figure 1: Arc Welding Equipment Market by Level of Automation, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Arc Welding Equipment Application Insights
The Arc Welding Equipment Market segmentation, based on application, includes Energy and Utilities, Automotive, Construction, Aerospace and Defence, Shipbuilding and Others. The automotive category generated the most income. The global automotive sector is expanding, and key reasons contributing to this expansion include rising vehicle production, rising sales of cars and other commercial vehicles, and rising technical developments like self-driving cars.
Arc Welding Equipment Gases Insights
The Arc Welding Equipment Market segmentation, based on gases, includes Argon, Helium, Hydrogen, Carbon Dioxide, Oxygen, Nitrogen and Others. The argon category generated the most income. Argon is widely used as a shielding gas during arc welding processes, particularly when using TIG (Tungsten Inert Gas) welding techniques. By helping to shield the welding area from air pollutants, it provides a clear and strong weld.
Arc Welding Equipment Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American arc welding equipment market area will dominate this market due to rising automation developments in developing nations during the course of the forecast. The building of solar & hybrid power plants is necessary given the growing preference for renewable energy sources. Over the projected period, this is anticipated to support the growth of the arc welding equipment market.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Arc Welding Equipment Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe arc welding equipment market accounts for the second-largest market share. The key European markets for the product are anticipated to be the United Kingdom, Germany, Italy, and France due to the advancement of automation in these countries. Given the rising popularity of renewable energy sources, hybrid and solar power plants need to be built. This is predicted to assist the expansion of the arc welding equipment market throughout the course of the forecast year. Further, the German arc welding equipment market held the largest market share, and the UK arc welding equipment market was the fastest growing market in the European region
The Asia-Pacific Arc Welding Equipment Market is expected to grow at the fastest CAGR from 2023 to 2032. The expansion of the market in the APAC region is being driven by the expanding automotive industry, the accessibility of inexpensive arc welding equipment and low labor costs, growing urbanization and industrialization in developing economies, rising construction spending, the expansion of infrastructure like highways, bridges, and tunnels, and the abundance of skilled welders. Moreover, China’s arc welding equipment market held the largest market share, and the Indian arc welding equipment market was the fastest growing market in the Asia-Pacific region.
Arc Welding Equipment Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the arc welding equipment market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, arc welding equipment industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global arc welding equipment industry to benefit clients and increase the market sector. In recent years, the arc welding equipment industry has offered some of the most significant advantages to medicine. Major players in the arc welding equipment market are attempting to increase market demand by investing in research and development operations includes Colfax Corporation, Telwin Spa, The Lincoln Electric Company, Air Liquide S.A, Arcon Welding Equipment, Automation International Inc., Miller Electric Mfg. LLC and Others.
Lincoln Electric Holdings Inc. (Lincoln Electric) creates, develops, and manufactures products for welding, cutting, and brazing. The firm sells a variety of welding equipment, including arc welding power sources, plasma cutters, integrated automation systems, wire feeding systems, fume extractor devices, fluxes, consumable electrodes, robotic welding packages, and welding accessories. The company also offers CNC plasma and oxy-fuel cutting systems, as well as regulators and torches for cutting, oxy-fuel welding, and brazing.
Industrial gas is provided by Air Liquide SA (Air Liquide). The firm also manufactures gases including nitrogen, oxygen, and hydrogen in addition to argon and other rare gases. This firm provides these gases to clients in a range of sectors, including steel, food and pharmaceuticals, electronics, automotive, chemicals, and manufacturing. The business creates processing facilities and associated infrastructure.
Key Companies in the arc welding equipment market include
Arc Welding Equipment Industry Developments
November 2023, The Warrior Edge 500 CX system from ESAB, enables welders of all skill levels to accomplish exceptional welding outcomes without the need for a complicated setup procedure.
The RobustFeed Edge CX is equipped with TrueFlow™, a cutting-edge digital gas control technology that enhances welding precision, reduces gas consumption, and prevents weld flaws resulting from incorrect flow rates. The Warrior Edge 500 CX is capable of delivering a welding power of 500 amps at a duty cycle of 60% for various welding processes such as synergic MIG/flux cored, pulsed MIG, Stick, gouge, and Live TIG.
December 2022: Fori Automation, LLC, a US-based business specializing in industrial machinery and equipment, has been acquired by Lincoln Electric Holdings, Inc., a worldwide manufacturer of welding goods and arc welding equipment with operations around the world.
November 2022: Renegade VOLTTM ES 200i Stick/TIG, a revolutionary battery-powered welding technology, was introduced by the American-Swedish industrial company ESAB. The most recent welding system is a cutting-edge item that has the potential to completely transform the sector.
November 2022: The Canadian business Xiris Automation Inc., which specializes in weld monitoring and weld inspection systems, has announced the release of the XVC-S100 Weld Camera, a new digital sub-arc welding camera for submerged arc applications.
Arc Welding Equipment Market Segmentation
Arc Welding Equipment Process Outlook (USD Billion, 2018-2032)
- Shielded Metal Arc Welding
- Gas Metal Arc Welding
- Flux Core Arc Welding
- Gas Tungsten Arc Welding
- Submerged Arc Welding
Arc Welding Equipment Level of Automation Outlook (USD Billion, 2018-2032)
- Manual
- Automatic
- Semi-Automatic
Arc Welding Equipment Application Outlook (USD Billion, 2018-2032)
- Energy and Utilities
- Automotive
- Construction
- Aerospace and Defence
- Shipbuilding
- Others
Arc Welding Equipment Gases Outlook (USD Billion, 2018-2032)
- Argon
- Helium
- Hydrogen
- Carbon Dioxide
- Oxygen
- Nitrogen
- Others
Arc Welding Equipment Regional Outlook (USD Billion, 2018-2032)
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
| Report Attribute/Metric |
Details |
| Market Size 2022 |
USD 4.2 Billion |
| Market Size 2023 |
USD 4.43 Billion |
| Market Size 2032 |
USD 6.8 Billion |
| Compound Annual Growth Rate (CAGR) |
5.50% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2018- 2023 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Process, Level of Automation, Application, Gases, and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
Colfax Corporation, Telwin Spa, The Lincoln Electric Company, Air Liquide S.A, Arcon Welding Equipment, Automation International Inc., Miller Electric Mfg. LLC and Others. |
| Key Market Opportunities |
Rising renewable energy demand is predicted to fuel the growth of the arc welding equipment market |
| Key Market Dynamics |
Shipbuilding industry's increasing adoption is fueling market expansion Increasing demand for passenger vehicles will stimulate market expansion |
Frequently Asked Questions (FAQ) :
The Arc Welding Equipment Market size was valued at USD 4.2 Billion in 2022.
The global market is projected to grow at a CAGR of 5.50% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are Colfax Corporation, Telwin Spa, The Lincoln Electric Company, Air Liquide S.A, Arcon Welding Equipment, Automation International Inc., Miller Electric Mfg. LLC and Others.
The automotive category dominated the market in 2022.
The argon category had the largest share in the global market.
