Arc Welding Equipment Market

Arc Welding Equipment Market Growth Outlook (2023 to 2033)

The global Arc welding equipment market is estimated at US$ 5.1 billion in 2023 and is forecast to reach US$ 8.7 billion by 2033, growing with a CAGR of 5.5% from 2023 to 2033.

An electric arc is used to create heat in the welding process known as ‘arc welding’, which melts and joins metals. A power source uses either direct currents (DC) or alternating (AC) currents to spark an arc between a non-consumable or consumable electrode and the base material.

Arc welding machinery, electrode holders, protective welding apparel, welding chemicals, wire brushes, power wire wheels, and other items are used during the welding procedure. Some of the types of arc welding technologies are gas metal arc welding, shielded metal arc welding, flux core arc welding, gas tungsten arc welding, and submerged arc welding.

The most widely used welding technique is shielded metal arc welding, which is also known as stick welding. It is the most adaptable technique that requires basic tools. The small light electrode and holder have a few hundred feet distance from the welding power supply and can be used in small spaces. Despite the low cost of the equipment, the overall price of using this technique can be substantial.

The most varied arc welding method is probably flux core arc welding. Flux core arc welding is further classified into self-shielded and gas-shielded. Self-shielded is typically utilized outside and in situations where superior mechanical properties are not required. In indoor industrial facilities where higher-quality mechanical welding is needed, gas shielding is typically employed.

Gas shielding is the more well-known of the two techniques, which makes use of an external source of shielding gas. Ongoing developments in robotic arc welding equipment and technologies are expected to drive sales growth over the coming 10 years. Arc welding equipment is also available as manual arc welding equipment, automatic arc welding equipment, and semi-automatic arc welding equipment.

In the construction sector, welding equipment is essential since it is used to assemble metal components into structural frameworks. To join footers, steel trusses, beams, columns, and non-structural metal building elements such as bridges, railings, and stairs, welding equipment is employed. Demand for welding equipment is expected to rise as a result of the rapidly developing construction industry.

• Investments in the construction sector in the United States climbed by 1.9% in 2021, according to figures released by the United States Commerce Department.
• In April 2021, according to predictions from the Census Bureau, about 1,760,000 new housing permits were issued in the United States.
• According to an analysis by India Brand Equity Foundation (IBEF), the value of the Indian real estate market is predicted to reach US$ 650 billion by 2025.

Report Attributes	Details
Market Size (2023E)	US$ 5.1 Billion
Forecasted Market Value (2033F)	US$ 8.7 Billion
Global Market Growth Rate (2023 to 2033)	5.5% CAGR
China Market Growth Rate (2023 to 2033)	8% CAGR
Japan Market Growth Rate (2023 to 2033)	3% CAGR
Germany Market Growth Rate (2023 to 2033)	3.5% CAGR
Canada Market Growth Rate (2023 to 2033)	5% CAGR
Key Companies Profiled	Amada Miyachi Co., Ltd. American Torch Tip Arc Machines, Inc. Automation International, Inc. Beijing Time Technologies Co., Ltd. Colfax Corporation Costruzioni Elettromeccaniche Annettoni S.p.A. (CEA) Daihen Corporation Doncasters Group Ltd. Fronius International GmbH ITW Welding Kobe Steel Ltd. NIMAK GmbH Panasonic Welding Systems Co., Ltd. Shandong AoTai Electric Co., Ltd. Shanghai Hugong Electric (Group) Co. Ltd. Shenzhen Riland Industry Co., Ltd. Telwin SpA The Lincoln Electric Company

Which Factors are Benefiting Manufacturers of Arc Welding Machines?

“Arc Welding Products Important Part of Manufacturing Machinery”

The growth of the arc welding equipment market is booming as a result of the increasing use of welding equipment and consumables for tasks such as pipeline welding, construction projects, steel erection, and various heavy equipment repair applications.

Sales of arc welding equipment are expected to be driven by the growing use of welding technologies, which offer advantages including high welding speed, smooth welding, less distortion, low cost, improved resistance to corrosion, and fewer sparkles or pollution.

Demand for arc welding equipment is anticipated to increase over the forecast period due to the growing use of welding technologies in the automotive industry, increasing use of arc welding machines for the production of steel structures and automobiles, rising manufacturing outcomes, growing demand for quick and consistent welding processes, and improvements in the efficiency and design of welding power sources.

“Sales Graph Boosted by Advancements in Arc Welding Technologies”

A new wave of innovative arc welding technologies is being brought about by growing trends of integrating disparate and non-metallic elements, creating unique metal designs and shapes. Robotic welding is gaining popularity because it is easier to use, creates welds of high quality more quickly, and boosts production.

Moreover, artificial intelligence, cloud data, smart sensors, the internet of things, and other intuitive technologies are integrated into robotic solutions streamlined along with effective physical stature, which decreases workplace accidents.

• Arc Mate 100iD robot was recently introduced by Fanuc Corporation. It is outfitted with a new graphical user interface and several sophisticated functions, which make it perfect for confined workspaces and process monitoring at every stage of production.

Which Factors are Restraining the Sales Growth of Arc Welding Equipment?

“Lack of Skilled Welding Professionals and High Labor Costs”

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 industrialized nations such as Europe and North America are a significant problem for the welding business.

• According to the Indian Institute of Welding (IIW), there was around 1.2 million shortage of welding professionals in India in 2021, including fitters, welders, cutters, and equipment operators.

“High Cost of Modern Arc Welding Technologies Restraining Adoption in Developing Economies”

Sales of arc welding equipment are anticipated to suffer throughout the projection period due to the sluggish adoption of advanced arc welding technologies in developing countries. This is because the use of modern arc welding technologies requires significant financial outlays.

Country-wise Analysis

Why is Germany a Highly Lucrative Market in Europe?

“Dominant Automotive Industry Fueling Demand for Arc Welding Machines”

One of the crucial operations utilized in the manufacturing industry is welding. In Germany, sales of welding supplies are continuously rising. This is due to the rising demand for welding equipment from the construction, heavy machinery, automobile, electronics, and transportation industries.

Currently, Germany dominates the European market. The automotive industry uses welding equipment for several purposes such as welding exhaust systems, frames and fenders, and wheels. Germany's expanding automotive industry is anticipated to fuel demand for arc welding equipment over the projected period. In Germany, Italy, and France, automated arc welding technology is becoming increasingly popular.

• In April 2020, German companies BMW AG and KUKA AG inked a new agreement for the provision of 5,000 robotic machines for new production lines and facilities. These automation or robotic arc welding machines are planned to be used in different BMW Group manufacturing facilities throughout the world to build current and upcoming BMW models.

Which Industry Accounts for High Sales of Arc Welding Equipment in the United States?

“United States Major Producer & Exporter of Aerospace & Defense Equipment”

The aircraft industry makes substantial use of electric arc welding for building and repairing airplanes. Any weldable metal can be successfully joined with it if the right procedures and supplies are followed.

Recent years have seen some remarkable and exciting advancements in the field of welding in the aerospace sector. The use of welding in aeronautics is facilitated by the constant expansion of welding materials and designs.

Since World War II, welds have taken the place of rivets and bolts, increasing their utilization in the military, shipbuilding, and aviation industries. This is because welding is more economical than riveting, requires less maintenance over time, and is structurally solid and lightweight whereas rivets just add to the weight of an aircraft or a project.

The United States holds a strong position in the aerospace and defense field and has proper infrastructure and manufacturing facilities. The world's top exporter and manufacturer of defense products is the United States. 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 United States over the past half-decade.

Why Should Suppliers of Arc Welding Technologies Focus on Japan?

“Growing Demand for Arc Welding Equipment for Use at Construction Sites”

The Japanese economy relies heavily on the construction sector, which generated 5.5% of the country's GDP in 2021. The Great East Japan Earthquake and the Tokyo Olympics reconstruction projects both aided in the industry's overall upward trajectory over the previous ten years.

In Japan, there are around 470,000 registered construction companies. Welding machinery is highly needed at construction sites. Thus, rapidly progressing construction sector is uplifting the demand for arc welding machines.

Category-wise Analysis

Why are Arc Welding Equipment Manufacturers Highly Benefitting from the Energy & Utility Sector?

“High Use of Arc Welding Machines in Critical Procedures”

Arc welding machines are used in energy & utilities, automotive, construction, aerospace & defense, and shipbuilding applications. The use of arc welding equipment in the field of energy & utilities is expected to progress at a CAGR of 6.5% from 2023 to 2033.

A variety of different power supplies can be utilized to provide the electrical energy required for arc welding procedures. Constant voltage and constant current power supply are the two categories that are most commonly used.

The production, transmission, and distribution of electricity, natural gas, and water must be done in a safe, secure, dependable, and sustainable manner. Thus to perform critical operations such as underwater pipeline infrastructure, constructing railway tracks, and oil and gas manufacturing fields, arc welding plays a crucial role.

Competitive Landscape

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

• To produce and sell the XCellerator series of pre-engineered robotic welding systems, ESAB and YASKAWA, two well-known robot system companies, entered into an agreement in November 2020.

Fact.MR, a market research and competitive intelligence provider, in its recent report on the arc welding equipment industry, uncovers major marketing strategies.

Arc Welding Equipment Industry Research Segments

• 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
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA