Revenue in the global arc welding equipment Market is expected to be about US$ 4.77 billion in 2024. The market has been analyzed to reach as high as US$ 7.99 billion by the end of 2034, expanding at a CAGR of 5.3% for the next decade. The Arc Welding Equipment Market is growing rapidly, albeit mainly through increased demand from markets such as construction, automotive, shipbuilding, and aerospace. This growth is contributed by increasing infrastructure developments and growing demand for metal joining technologies in manufacturing processes around the world.

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Growth of the Market and Key Drivers

The major contributor to the arc welding equipment market will be the global construction industry. This will accelerate the demand for arc welding equipment, especially for construction activities associated with residential and commercial building projects.

Other improved growth of the automobile and aerospace industries fuels advanced arc welding technologies. The major application of arc welding in the automobile industry is car frame, fender, and exhaust system welding. Since automobile productions around the globe continue to rise by leaps and bounds, further, in both Europe and the Asia-Pacific region, the demand for accurate and efficient welding equipment shall continue to soar. In the aerospace industry, precision welding is necessary for fuselage sections and parts of engines.

Regional Perspectives

Asia-Pacific is the largest in terms of regional market dynamics, with nearly 35 percent of global market share welding equipment. South Korea and Japan are the major markets; South Korea is an extensive producer of steel and has a significant presence of the automotive and shipbuilding sectors. South Korea is a major producer of steel, and thus provides a constant supply of raw material to the welding equipment manufacturers present in the domestic markets.

North America also accounts for significant market share, mainly because of the United States, which has been performing exceptionally well in the sectors of construction, defense, and aerospace. The U.S. is a key exporter of defense products, and the subsequent investments into public infrastructure will likely continue to drive up further demand for arc welding equipment in the region.

Automation and Technological Advancements

One of the main trendings of arc welding equipment embraces being adopted with automatic and semi-automatic technologies. Automatic arc welding systems are vastly deployed industries like shipbuilding and aerospace in which precision and durability stand foremost as these involve heavy and durable materials that automatically reduce man-hours of labor costs. Demand for robotic welding systems, driven by smart technologies such as remote control and artificial intelligence, will fuel further the market demand for automatic arc welding solutions.

Barriers to the Market

Despite its promising growth, the market is faced by various factors. Of these, however, more significant is the scarcity of the skilled welders. This scarcity is mainly in the developed regions, including North America and Europe, where labor costs happen to be high. The lack has slowed the advancement of the advanced welding technologies within the developing economies, whose initial cost of implementing the automated systems is still a barrier.

In addition, though arc welding equipment is portable and provides a better environment for welding than traditional means, due to the cost of adopting new technologies such as electron-beam and laser welding, the cost might deter its adaptation across all economies, especially developing ones.

Key Players

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

Competitive Landscape

The key players in the arc welding equipment market are developing new welding technologies according to the requirements of various end-users in different industries. They are also manufacturing portable arc welding machines.

Lincoln Electric is a significant company in the brazing and soldering alloys market for the development, designing, and manufacturing of arc welding products, plasma, assembly & cutting systems, automated joining, and oxyfuel cutting equipment.

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In 2022, the global manufacturer of welding products and arc welding equipment Lincoln Electric Holdings, Inc. acquired Fori Automation, LLC-a US-based industrial machinery and equipment company.

In February 2021, Lincoln Electric unveiled its Vantage 441X, which represents the newest model in the company's Vantage series of diesel engine powered welder/generators. Capable of accomplishing numerous outstanding operations, the worksite welding will continue to perform at its best.

Conclusion

The arc welding equipment market is likely to expand with steady growth due to increased demand from core industries like construction, automobile, and aerospace. The trend of automation welding technologies and expansion in infrastructure projects in most parts of the world is expected to continue having an impact on the market landscape. However, the growth needs to be sustained with the rising problems of shortages of skilled labor and the high cost to advanced technologies. With continued innovations and the entry of new players in the market, the coming years will be highly dynamic.

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