ARC Welding Machinery Market Size, Share, Growth, and Industry Analysis by Type (Stick Equipment, Multi-Process Equipment, TIG Welders, and Others) By Application (Automotive, Construction, Aerospace, and Shipbuilding), Regional Insights, and Forecast From 2024 To 2031

Arc Welding Machinery Market Report Overview

• 

•  Request a Free Sample to learn more about this report

The global ARC welding machinery market size was USD 5309.6 million in 2021 and is projected to touch USD 8896.62 million by 2031, exhibiting a CAGR of 5.3% during the forecast period.

ARC welding machinery is welding equipment. It uses an electric arc to create heat for joining and melting metals. The method is the most popular method of welding and it is effective and easy to learn. The equipment can be used in a variety of metals.

The market growth is attributed to the rising need for machines in the electrical industry and huge adoption in residential and commercial applications. Increased need for machines among general engineering applications is likely to boost the market growth. Growing construction activities and huge need from the automotive sector due to stringent emissions norms. Rapid industrialization and rapid infrastructural developments are anticipated to aid market growth. High demand for metalwork operation in fabrication and shipbuilding is predicted to drive market progress. A rise in inclination towards renewable energy sources and high installation of hybrid power stations and solar is expected to fuel market growth in the forthcoming years. On the contrary, the equipment can be slow and complex to use in large-scale applications is estimated to limit market growth in the forthcoming years.

COVID-19 Impact: Shutting of Industrial Sectors and Lower Demand for the Machinery to Halt Market Progress

The global COVID-19 pandemic has been unprecedented and staggering, with ARC welding machinery experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The sudden outbreak of the COVID-19 pandemic affected market progress. Closure of the industrial sector and lack of manufacturing activities to minimize market growth. Shutting of construction activities and lockdown restrictions to affect market growth.

LATEST TRENDS

"Rise in Automation to Foster Market Growth "

Rising need for automation and a significant rise in the need for robotic or automated welding equipment. Huge adoption of automation due to the lack of skilled labor in the processing and manufacturing sectors. Arc welding equipment is also used in the manufacture of steel structures, shipbuilding, aerospace, and defense. The huge adoption of automated machines in the automotive sector to produce more passenger cars and an increased need for passenger cars across the globe is anticipated to drive market progress over the estimated period. Increased industrialization and advancement development coupled with the spending capacity of the consumer are predicted to drive ARC welding machinery market growth.

Arc Welding Machinery Market Segmentation

• 

•  Request a Free Sample to learn more about this report

• By Type

Based on type, the market is divided into stick equipment, multi-process equipment, TIG welders, and others.

Stick equipment is expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into automotive, construction, aerospace, and shipbuilding.

Automotive is expected to be the top part of application segmentation.

DRIVING FACTORS

"High Demand for Electric Sector to Surge Market Growth "

ARC welding machinery is welding equipment. It uses an electric arc to create heat for joining and melting metals. The method is the most popular method of welding and it is effective and easy to learn. The equipment can be used in a variety of metals. Increased need for the product in the electrical industry is anticipated to drive market growth. It creates an electric arc between the workpiece and the electrode. This process is very efficient and produces strong welds, which is anticipated to boost the market growth. Some advantages of the product are its low cost, ease to learn, and ideal choice for beginners.

"Growing Construction Activity and High Need from General Engineering to Stimulate Market Growth "

Increased need for machines among general engineering applications is likely to boost the market growth. Growing construction activities and huge need from the automotive sector due to stringent emissions norms. Rapid industrialization and rapid infrastructural developments are anticipated to aid market growth. High demand for metalwork operation in fabrication and shipbuilding is predicted to drive market progress. A rise in inclination towards renewable energy sources and high installation of hybrid power stations and solar is expected to fuel market growth in the forthcoming years. The alternative use of the product is for cutting metal and blades, which is predicted to ARC welding machinery drive market growth.

RESTRAINING FACTORS

"Slow in Progress and Complex Methods to Pause Market Growth "

The equipment can be slow and complex to use in large-scale applications and is estimated to limit market growth in the forthcoming years.

Arc Welding Machinery Market Regional Insights

• 

•  Request a Free Sample to learn more about this report

"Presence of Prominent Market Players in North America to Drive Market Share "

North America is projected to account for the ARC welding machinery market share due to presence of the prominent market players such as Illinois Tool Works, Lincoln Electric Holdings, and Miller Electric Manufacturing. The rapid development of the automotive sector in the region and the increased spending capacity of the population is projected to drive market growth.

Asia Pacific is expected to grow significantly due to an increased number of infrastructural developments. Government spending and expansion of national infrastructure are estimated to drive market growth. High demand for metalwork operation in fabrication and shipbuilding is predicted to drive market progress. A rise in inclination towards renewable energy sources and high installation of hybrid power stations and solar is expected to fuel market growth in the forthcoming years

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

LIST OF TOP ARC WELDING MACHINERY COMPANIES

• Doncasters (U.K.)
• Amada Miyachi (U.S.)
• CEA, Daihen (India)
• American Torch Tip (U.S.)
• Lincoln Electric (U.S.)
• Panasonic Welding Systems (Japan)
• NIMAK (Germany)
• Fronius (Austria)
• ITW (U.S.)
• Beijing Time Technologies (China)
• Kobe Steel (Japan)
• Colfax (U.S.)
• Arc Machines (U.S.)
• Automation International (U.S.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.