Arc Welding Equipment Market

Arc Welding Equipment Market Outlook (2024 to 2034)

Revenue from the global Arc Welding Equipment Market is estimated to reach US$ 4.77 billion in 2024. The market has been analyzed to climb to US$ 7.99 billion by the end of 2034, expanding at a CAGR of 5.3% over the next ten years.

Several objects such as wire brushes, power wire wheels, welding chemicals, electrode holders, protective welding clothing, and other items are utilized during the welding process. Submerged arc welding, flux core arc welding, gas tungsten arc welding, shielded metal arc welding, and gas metal arc welding are available arc welding technology types.

Key Market Growth Drivers

• Since welding is the process by which metal parts are assembled into structural frameworks, welding equipment is crucial to the construction industry. Footers, steel trusses, beams, columns, and non-structural metal building elements including staircases, railings, and bridges are joined using welding equipment.
• The construction industry is also forecasted to grow at a quick pace, which will increase demand for welding equipment.
• Integration of non-metallic and dissimilar elements to create distinctive metal forms and shapes is giving rise to a new wave of arc welding equipment market trends.
• Robotic welding is becoming popular since it is simpler to operate, produces high-quality welds faster, and increases output.
• Stick welding, usually referred to as shielded metal arc welding, is the commonly used welding method. This method is the most versatile and just needs simple equipment. The tiny light electrodes and holders are used in cramped areas and are only a few hundred feet away from the welding power supply.

Report Attribute	Detail
Arc Welding Equipment Market Size (2024E)	US$ 4.77 Billion
Projected Market Value (2034F)	US$ 7.99 Billion
Global Market Growth Rate (2024 to 2034)	5.3% CAGR
East Asia Market Growth Rate (2024 to 2034)	5.3% CAGR
North America Market Share (2024E)	23.1%
Revenue from Gas-Metal Arc Welding (2024E)	US$ 1.1 Billion
Automatic Segment Value (2024E)	US$ 2.2 Billion
Key Companies Profiled	Telwin SpA; American Torch Tip; Shandong AoTai Electric Co., Ltd.; Amada Miyachi Co., Ltd.; Colfax Corporation; Fronius International GmbH; Arc Machines, Inc.; Automation International, Inc.; Costruzioni Beijing Time Technologies Co., Ltd.; Elettromeccaniche Annettoni S.p.A. (CEA); Kobe Steel Ltd.; Daihen Corporation; ITW Welding; Doncasters Group Ltd.; Panasonic Welding Systems Co., Ltd.; NIMAK GmbH; Shanghai Hugong Electric (Group) Co. Ltd.; The Lincoln Electric Company; Shenzhen Riland Industry Co., Ltd.

What Factors are Benefiting Manufacturers of Arc Welding Machines?

“Expanding Construction Sector Creating Prospects for Market Players”

Due to the rising need for welding supplies and equipment for jobs including pipeline welding, building projects, steel erection, and several heavy equipment repair applications, the market for arc welding equipment is expanding steadily. The increasing usage of welding technologies, which provide benefits like high welding speed, smooth welding, less distortion, low cost, enhanced resistance to corrosion, and fewer sparkles or pollutants, is projected to fuel sales of arc welding equipment.

The market is estimated to be driven during the projected period by the rising demand for welded steel in the construction of residential and commercial buildings. Global construction production is projected by Oxford Economics and Global Construction Perspectives to increase by 85% to reach USD 15.5 trillion by 2030, with the US, China, and India leading the way and contributing more than half of this expansion. The market for welding supplies, accessories, and equipment will benefit from this increase in construction output as well.

What are the Common Challenges Faced by Manufacturers of Arc Welding Equipment?

“Welding Industry Facing Serious Issue with High Labor Costs in North America and Europe”

The welding trade is strongly dependent on qualified personnel. Experts in the welding field claim that there is a global lack of qualified welders. Infrastructure for roads, buildings, power, and transportation is largely dependent on metal joining technology. In addition, high labor costs in Europe and North America are a significant problem for the welding business.

Sales of arc welding equipment are anticipated to suffer throughout the projection period due to the sluggish adoption of advanced arc welding technologies in potentially high-growth countries due to the use of modern arc welding technologies requiring significant financial outlays.

Country-wise Insights

The North American region is analyzed to hold a global market share of 23.1% in 2024. Further, East Asia is also approximated to capture a 29.6% share of global market revenue in 2024. In Europe, Germany is leading the European market. Welding equipment is used by the automotive industry to weld wheels, frames, fenders, and exhaust systems, among other things. Over the estimated period, the growing automotive industry in Germany is projected to fuel demand for arc welding equipment. Automated arc welding techniques are gaining more popularity in Germany, Italy, and France.

What Opportunities are Awaiting for Manufacturers of Arc Welding Equipment in the United States?

“Holding Prominent Position as an Exporter and Producer of Defense Products”

Attribute	United States
Market Value (2024E)	US$ 874.6 Million
Growth Rate (2024 to 2034)	5.1% CAGR
Projected Value (2034F)	US$ 1.44 Billion

The United States is estimated to account for a share of 79.4% in North America in 2024. The country holds a strong position in the aerospace and defense field and has proper infrastructure and manufacturing facilities. The United States is the world's one of the leading exporter and manufacturer of defense products. The majority of the Arrius 2R, IO-540-AE1A5, and Arriel2D engines were installed in 100, 121, and 112 respectively, of the approximately 1,000 helicopters that were delivered in the country over the past half-decade.

Why South Korea is Becoming a Hub for Market Players in East Asia?

“Extensive Production of Steel Driving Demand for Welding Equipment”

Attribute	South Korea
Market Value (2024E)	US$ 386.7 Million
Growth Rate (2024 to 2034)	5.6% CAGR
Projected Value (2034F)	US$ 664.6 Million

South Korea is projected to capture a substantial market share of 27.4% of East Asia in 2024. South Korea is home to some of the world's leading shipbuilding, automotive, and construction businesses, all of which use welding equipment extensively. The demand for high-quality welding equipment is fueling local production and innovation. South Korea is a major producer of steel, which is used in several sectors that rely on welding. The proximity of steel production facilities assures a consistent supply of raw materials for welding equipment makers.

Category-wise Insights

With a market share of 23.1%, the gas-metal arc welding (GMAW) segment is leading the technology segment in 2024. The category for applications related to building and construction is anticipated to expand steadily over the projection period. Several construction fabrication applications are making extensive use of arc welding.

Innovation in electron-beam and high-power laser welding has been observed in arc welding during the last few years. Heavily and intricately constructed buildings are frequently welded using these forms of welding. Throughout the projected period, the market is anticipated to witness an increase in demand for welding equipment.

Why Gas-Metal Arc Welding (GMAW) Technology is Demanded More?

“Highways, Bridges, and Buildings Frequently Constructed Using Metal Structures”

Attribute	Gas-Metal Arc Welding (GMAW)
Segment Value (2024E)	US$ 1.1 Billion
Growth Rate (2024 to 2034)	5.1% CAGR
Projected Value (2034F)	US$ 1.81 Million

Metal structures are widely used in the construction of highways, bridges, buildings, and other infrastructure projects. GMAW is frequently used in their assembly. The demand for dependable and effective welding methods like GMAW is expanding, particularly in potentially high growth countries, where infrastructure development is becoming increasingly important. GMAW is widely used in the automobile sector, especially in the production and assembly of car components. The requirement for GMAW is going to grow as the global automotive sector is expanding due to increasing customer demand and developments in electric cars (EVs).

Why are Automatic Arc Welding Equipment in High Demand?

“Automatic Arc Welding Equipment Widely Used to Join Hulls of Ships, Submarines, and Offshore Platforms in Shipbuilding Sector”

Attribute	Automatic
Segment Value (2024E)	US$ 2.2 Billion
Growth Rate (2024 to 2034)	5.6% CAGR
Projected Value (2034F)	US$ 3.8 Billion

In terms of automation, the automatic segment is evaluated to capture a market share of 46.1% in 2024. Automatic arc welding is frequently utilized to weld the hulls of offshore platforms, submarines, and ships in the shipbuilding industry. The equipment's capacity to handle bulky, heavy materials and provide strong, long-lasting welds is driving popularity. Apart from ship hulls, automated welding is employed for the assembly of other crucial parts such as bulkheads, decks, and superstructures.

The aerospace industry uses automatic arc welding technology to join fuselage pieces, wings, and engine elements. The aerospace industry has strict quality and safety standards, and automatic welding's high precision and repeatability are necessary to satisfy these criteria.

Competitive Landscape

Key players in the arc welding equipment market are introducing new welding technologies keeping in mind the needs of end users from several industries. They are also producing portable arc welding machines.

• Lincoln Electric is a prominent player in the brazing and soldering alloys market, including the development, design, and manufacturing of arc welding products, plasma, assembly & cutting systems, automated joining, and oxyfuel cutting equipment.
• The global manufacturer of welding products and arc welding equipment, Lincoln Electric Holdings, Inc., acquired Fori Automation, LLC, a US-based company that specializes in industrial machinery and equipment in 2022.
• Lincoln Electric unveiled the Vantage 441X, the newest model in their Vantage range of diesel engine-powered welder/generators, in February 2021. With the capabilities of this generator, worksite welding will continue to operate at its best.

Fact.MR provides detailed information about the price points of prominent manufacturers of arc welding equipment positioned across the world, sales growth, production capacity, and technological advancements, in this updated market report.

Segmentation of Arc Welding Equipment Market Research

• By Technology :

  • Shielded Metal
  • Gas Metal
  • Flux Core
  • Gas Tungsten
  • Submerged

• By Automation Level :

  • Manual
  • Automatic
  • Semi-automatic

• By Gas :

  • Argon
  • Helium
  • Hydrogen
  • Carbon Dioxide
  • Oxygen
  • Nitrogen

• By End Use :

  • Energy & Utilities
  • Automotive
  • Construction
  • Aerospace & Defense
  • Shipbuilding

• By Region :

  • North America
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Western Europe
  • Eastern Europe
  • Middle East & Africa