Infinium Global Research Unveils Insights into Arc Welding Equipment Market: Anticipated to Reach USD 6 Billion by 2028

Infinium Global Research, a leading market research firm, has recently released a detailed report on the Arc Welding Equipment Market. The report provides an in-depth analysis of segments and sub-segments in the global and regional arc welding equipment market, shedding light on the impact of drivers, restraints, and macro indicators over the short and long term. Offering a comprehensive presentation of trends, forecasts, and dollar values, the report predicts a Compound Annual Growth Rate (CAGR) of 5.5% for the global arc welding equipment market from 2022 to 2028.

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Stellar Growth Projections and Overview of the Arc Welding Equipment Market

The global arc welding equipment market, valued at USD 4.3 billion in 2022, is expected to witness significant growth, reaching USD 6 billion by 2028. Arc welding equipment plays a crucial role in joining metals through electricity, creating heat to melt metal and form a durable bond upon cooling. The demand for arc welding equipment is primarily driven by the expanding end-user industries, with the global oil & gas sector, machine-building industry, aircraft and aerospace production, weapons and military machinery manufacturing, and the automotive industry being key contributors.

Driving Forces and Industry Dynamics

The global oil & gas sector's substantial presence in developing countries is a major driver for the growth of arc welding equipment. Additionally, the expansion of the machine-building industry, encompassing diverse sectors such as electronics, computers, robotics, instrument building, agriculture and transport machine building, railway car manufacture, aircraft building, and shipbuilding, contributes significantly to market growth. Arc welding is favored for its precision, reliability, cost-effectiveness, and high-tech capabilities, making it an integral method for joining materials in manufacturing industries globally.

Challenges and Opportunities in the Market

Intense competition in the global market poses challenges for new entrants, restraining growth during the forecast period. However, the increasing focus on renewable energy sources, leading to the installation of solar and hybrid power stations, creates growth opportunities for the arc welding equipment industry. Growing infrastructural development also presents a favorable outlook for market expansion.

Regional Dominance and Market Segmentation

North America leads the arc welding equipment market due to increasing automation advancements in developing countries. The region's inclination towards renewable energy sources, coupled with the installation of solar and hybrid power stations, is expected to drive market growth. Asia Pacific is poised to dominate the market, with significant infrastructural development in countries like India and China during the forecast period.

The report covers key market segments, including welding technology (plasma arc welding, gas-tungsten arc welding, shielded metal arc welding, gas-metal arc welding, and others) and equipment (welding machine/power source, electrode holders, cables/leads, chipping hammer, and others).

Leading Industry Players

The report profiles key companies in the arc welding equipment market, including Amada Miyachi America, Inc., Arcon Welding Equipment, Colfax Corporation, DAIHEN Corporation, ESAB Welding & Cutting Products, Fronius International GmbH, Illinois Tool Works, Inc., Nelson Stud Welding (Doncasters Group, Ltd.), Obara Corporation, and Rofin-Sinar Technologies.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Arc Welding Equipment Market Highlights

2.2. Arc Welding Equipment Market Projection

2.3. Arc Welding Equipment Market Regional Highlights

Chapter 3. Global Arc Welding Equipment Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 impact on the Arc Welding Equipment Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1. IGR-Growth Matrix Analysis by Welding Technology

3.5.2. IGR-Growth Matrix Analysis by Equipment

3.5.3. IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Arc Welding Equipment Market

Chapter 4. Arc Welding Equipment Market Macro Indicator Analysis

Chapter 5. Global Arc Welding Equipment Market by Welding Technology

5.1. Plasma Arc Welding (PAW)

5.2. Gas-tungsten Arc Welding (GTAW)

5.3. Shielded Metal Arc Welding (SMAW)

5.4. Gas-metal Arc Welding (GMAW)

5.5. Others

Chapter 6. Global Arc Welding Equipment Market by Equipment

6.1. Welding Machine/ Power Source

6.2. Electrode Holders

6.3. Cables/ Leads

6.4. Chipping Hammer

6.5. Others

Chapter 7. Global Arc Welding Equipment Market by Region 2022-2028

7.1. North America

7.1.1. North America Arc Welding Equipment Market by Welding Technology

7.1.2. North America Arc Welding Equipment Market by Equipment

7.1.3. North America Arc Welding Equipment Market by Country

7.2. Europe

7.2.1. Europe Arc Welding Equipment Market by Welding Technology

7.2.2. Europe Arc Welding Equipment Market by Equipment

7.2.3. Europe Arc Welding Equipment Market by Country

7.3. Asia-Pacific

7.3.1. Asia-Pacific Arc Welding Equipment Market by Welding Technology

7.3.2. Asia-Pacific Arc Welding Equipment Market by Equipment

7.3.3. Asia-Pacific Arc Welding Equipment Market by Country

7.4. RoW

7.4.1. RoW Arc Welding Equipment Market by Welding Technology

7.4.2. RoW Arc Welding Equipment Market by Equipment

7.4.3. RoW Arc Welding Equipment Market by Sub-region

Chapter 8. Company Profiles and Competitive Landscape

8.1. Competitive Landscape in the Global Arc Welding Equipment Market

8.2. Companies Profiles

8.2.1. Amada Miyachi America, Inc.

8.2.2. Arcon Welding Equipment

8.2.3. Colfax Corporation

8.2.4. DAIHEN Corporation

8.2.5. ESAB Welding & Cutting Products

8.2.6. Fronius International GmbH

8.2.7. Illinois Tool Works, Inc.

8.2.8. Nelson Stud Welding (Doncasters Group, Ltd.)

8.2.9. Obara Corporation

8.2.10. Rofin-Sinar Technologies

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of arc welding equipment.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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