Arc Welding Equipment Market to Reach US$ 7.99 Billion by 2034, Expanding at 5.3% CAGR | Fact.MR Report

The global arc welding equipment market, valued at US$ 4.77 billion in 2024, is projected to reach US$ 7.99 billion by 2034, advancing at a CAGR of 5.3%. This growth is driven by the critical role of arc welding in industries such as construction, automotive, and aerospace, where it is used to assemble structural frameworks and intricate components. The market's significance lies in its ability to support infrastructure development and industrial manufacturing, fueled by the rising global demand for welded steel in construction and the increasing adoption of automated welding technologies for enhanced precision and efficiency.

Key trends shaping the market include the integration of non-metallic and dissimilar materials, which enables innovative designs, and the growing popularity of robotic welding systems that boost productivity. North America holds a 23.1% market share in 2024, while East Asia, with a 29.6% share, is a major hub due to its robust manufacturing base. The market is poised for steady expansion, supported by global construction growth projected to reach US$ 15.5 trillion by 2030, with significant contributions from the United States and China.

For More Insights into the Market, Request a Sample of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=8447

Market Analysis

The arc welding equipment market is driven by the booming construction sector, which relies heavily on welding for assembling structural components like beams, columns, and bridges. The global construction industry's projected growth to US$ 15.5 trillion by 2030, led by the U.S., China, and India, is increasing demand for welding equipment, particularly for high-speed, low-distortion techniques like gas-metal arc welding (GMAW). The rise of robotic welding, offering faster and higher-quality welds, further accelerates market growth, especially in automotive and shipbuilding applications. Innovations in welding technologies, such as electron-beam and high-power laser welding, cater to complex construction and aerospace needs, enhancing market prospects.

However, the market faces challenges due to a global shortage of skilled welders, particularly in North America and Europe, where high labor costs exacerbate the issue. The slow adoption of advanced arc welding technologies in emerging markets, due to high initial investment costs, also hinders growth. These challenges necessitate investments in training programs and cost-effective technologies to sustain market expansion.

Segment Analysis

The arc welding equipment market is segmented by technology, automation level, and end use, with gas-metal arc welding (GMAW) leading due to its versatility in construction and automotive applications. Valued at US$ 1.1 billion in 2024, the GMAW segment is projected to reach US$ 1.81 billion by 2034 at a CAGR of 5.1%, driven by its use in assembling metal structures for highways, bridges, and electric vehicle components. The automatic segment, valued at US$ 2.2 billion in 2024 and expected to reach US$ 3.8 billion by 2034 at a CAGR of 5.6%, dominates with a 46.1% market share due to its precision in shipbuilding and aerospace applications, such as welding ship hulls and fuselage parts. The construction sector is a key end-use industry, benefiting from the rising demand for welded steel in residential and commercial projects, while the automotive and aerospace sectors drive demand for high-precision welding equipment.

Country-wise Insights

In the United States, the arc welding equipment market, valued at US$ 874.6 million in 2024, is projected to reach US$ 1.44 billion by 2034 at a CAGR of 5.1%. The U.S., holding a 79.4% share of the North American market, benefits from its strong aerospace and defense sectors, where arc welding is critical for manufacturing helicopter engines and defense equipment. The country's robust infrastructure and position as a leading exporter of defense products further drive demand.

In the United Kingdom, part of Western Europe, the market is estimated at US$ 286.2 million in 2024, projected to reach US$ 478.6 million by 2034 at a CAGR of 5.3%. The U.K.'s growing automotive industry, particularly in electric vehicle production, and its focus on automated welding technologies for precision manufacturing contribute to steady market growth.

Get Full Access of the Complete Report: https://www.factmr.com/checkout/8447

Key Players

• The Lincoln Electric Company
• Fronius International GmbH
• Daihen Corporation
• Panasonic Welding Systems Co., Ltd.
• Amada Miyachi Co., Ltd.
• American Torch Tip
• Arc Machines, Inc.
• Colfax Corporation
• Kobe Steel Ltd.
• Shenzhen Riland Industry Co., Ltd.

Strategic Outlook and Industry Trends

The arc welding equipment market is set to evolve with advancements in automation and welding technologies, such as robotic systems and laser welding, which enhance precision and efficiency in complex applications. Companies like Lincoln Electric are leading with innovations like the Vantage 441X welder/generator, improving worksite productivity. The growing demand for electric vehicles and sustainable infrastructure is driving the adoption of GMAW and automatic welding systems, particularly in automotive and construction sectors. Strategic acquisitions, such as Lincoln Electric's purchase of Fori Automation in 2022, are expanding production capabilities. Future growth will hinge on addressing the skilled labor shortage through training programs and developing cost-effective solutions to penetrate emerging markets, ensuring sustained market expansion through 2034.

Browse Full Report on: https://www.factmr.com/report/arc-welding-equipment-market

Segmentation of Arc Welding Equipment Market

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

Explore More Related Studies Published by Fact.MR Research:

Arc Flash Protection Market
https://www.factmr.com/report/arc-flash-protection-market

Parcel Sortation Systems Market
https://www.factmr.com/report/parcel-sortation-systems-market

Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.