Arc Welding Equipment Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Arc Welding Equipment Market was valued at USD 4.3 billion in 2023 and is projected to exceed USD 7.5 billion by 2032, growing at a CAGR of over 6.5% from 2024 to 2032. This growth is driven by increasing demand across industries such as shipbuilding, offshore exploration, oil and gas, aerospace, automotive, construction, and energy. Consumers are also favoring automated devices over manual ones. Key drivers include heightened demand from automotive, construction, manufacturing, and oil and gas sectors. In automotive, arc welding is crucial for body panel fabrication and assembly. In construction, it is used for structural steel fabrication and erection, essential for infrastructure projects.

The overall arc welding equipment industry is classified based on the power source type, welding method, end-user, and region.

The market segments by power source type into DC arc welding equipment, AC arc welding equipment, and others. The AC arc welding equipment segment is expected to grow at a CAGR of over 6.8% during the forecast period. The growth of the AC arc welding equipment segment is propelled by the needs of the construction and infrastructure sectors, which demand durable and economical welding solutions. Technological advancements in power sources and control systems are improving efficiency and performance, further driving the segment's expansion.

The manufacturing sector, particularly automotive and heavy machinery, also boosts demand. The shipbuilding and offshore industries contribute significantly due to their need for reliable welding in harsh environments. The availability of AC arc welding equipment and cost-effectiveness make it popular among small and medium enterprises. Market segmentation by end-user includes automotive, aerospace and defense, construction, oil and gas, manufacturing, and others. In 2023, the automotive sector led the market with over 33% share. The automotive sector's demand for efficient and high-quality welding solutions drives market growth. Arc welding is essential for assembling vehicle bodies, chassis, and components, ensuring safety and structural integrity.

In 2023, North America dominated the global arc welding equipment market with over 38% share. Growth is driven by demand from construction and infrastructure sectors, supported by significant investments in projects like roads, bridges, and commercial buildings. The automotive sector in the U.S. and Canada also relies on advanced welding technologies for both traditional and Electric Vehicles (EVs), emphasizing high-quality welds and automated systems. Additionally, the region's focus on technological innovation and the adoption of Industry 4.0 practices are fueling advancements in arc welding equipment, enhancing precision and efficiency in welding processes.

Product Code: 10715

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360º synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing demand from automotive and construction sectors
  - 3.8.1.2 Technological advancements in welding equipment
  - 3.8.1.3 Growth in infrastructure development projects
  - 3.8.1.4 Rising industrial automation
  - 3.8.1.5 Stringent safety regulations and standards
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High initial setup and maintenance costs
  - 3.8.2.2 Skilled labor shortage
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Power Source Type, 2021 - 2032 (USD Billion)

5.1 Ac arc welding equipment
5.2 Dc arc welding equipment
5.3 Others

Chapter 6 Market Estimates and Forecast, By Welding Method, 2021 - 2032 (USD Billion)

6.1 Key trends
6.2 Shielded metal arc welding (SMAW)
6.3 Gas metal arc welding (GMAW/MiG)
6.4 Flux-cored arc welding (FCAW)
6.5 Others

Chapter 7 Market Estimates and Forecast, By End-User, 2021 - 2032 (USD Billion)

7.1 Key trends
7.2 Automotive
7.3 Aerospace and defense
7.4 Construction
7.5 Oil and gas
7.6 Manufacturing
7.7 Others

Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Billion)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Ador Welding Ltd.
9.2 Amada Miyachi America, Inc.
9.3 Arcon Welding Equipment LLC
9.4 CLOOS Welding Equipment GmbH
9.5 Daihen Corporation
9.6 Denyo Co., Ltd.
9.7 ESAB (Elektriska Svetsnings-Aktiebolaget)
9.8 Fronius International GmbH
9.9 Illinois Tool Works Inc. (ITW Welding)
9.10 Jinan Huaao Electric Welding Machine Co., Ltd.
9.11 Kemppi Oy
9.12 Kobe Steel, Ltd. (Kobelco)
9.13 Lincoln Electric Holdings, Inc.
9.14 Miller Electric Mfg. LLC (part of ITW Welding)
9.15 Obara Corporation
9.16 OTC Daihen, Inc.
9.17 Panasonic Welding Systems Co., Ltd.
9.18 Soyer GmbH