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Global Arc Welding Equipment Market to Reach USD 5.7 Billion by 2025, Driven by the Growing Industrialisation

According to a new report by EMR titled, ‘Global Arc Welding Equipment Market Report and Forecast 2020-2025’, the global market for arc welding equipment attained a value of about USD 4 billion in 2019. The industry is further expected to grow at a CAGR of 6% in the forecast period of 2020-2025 to reach a value of USD 5.7 billion by 2025.

The Asia Pacific and Europe are expected to dominate the arc welding equipment industry over the forecast period. This can be correlated to the rise in the number of construction projects. India and China are predicted to be the major market for the product in the Asia Pacific due to the rise in industrialisation.

The extreme shortage of skilled labours in the manufacturing industry has fuelled the automated arc welding equipment demand across the market. The adoption of automated arc welding equipment in the automotive industry to meet the rising demand for passenger cars is expected to bolster the market over the forecast period. Government investments in infrastructure development projects are predicted to further aid the arc welding equipment industry.

Manufacturers are focusing on robotic and automated arc welding equipment to maximize their profits. In 2016, The Lincoln Electric Company (NASDAQ: LECO) took possession of Vizient Manufacturing Solutions, a robotic and automated welding equipment manufacturing company. In 2017, Colfax Corporation (NASDAQ: CFX) acquired Siemens Turbomachinery Equipment GmbH (STE) division from Siemens AG (NASDAQ: SIEGY). Such mergers and acquisitions are expected to bolster the growth of the arc welding equipment industry.

Market Analysis by Process, Level of Automation, Gases, Application, and Region:

  • The market, on the basis of process, can be divided into shielded metal arc welding, gas metal arc welding, flux core arc welding, gas tungsten arc welding, and submerged arc welding.
  • Based on level of automation, the industry can be divided into manual, automatic, and semi-automatic.
  • Based on gas, the market is categorised into argon, helium, hydrogen, carbon dioxide, oxygen, nitrogen, and others.
  • The application segments for arc welding equipment include energy and utilities, automotive, construction, aerospace and defence, shipbuilding, and others.
  • The regional markets for arc welding equipment include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The arc welding equipment industry is being driven by the rise in the number of infrastructural development projects.
  • The growing industrialisation, especially in the emerging economies, is also accelerating the industry growth.
  • The market is expected to receive a further boost from the automation advancements in the manufacturing industry.
  • The adoption of the product for the installation of solar and hybrid power stations is projected to further propel the industry forward.
  • Furthermore, the increasing demand for automated arc welding equipment in the automotive industry is expected to bolster the market over the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for arc welding equipment for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the processes, levels of automation, gases, applications, and major regions of the arc welding equipment industry.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global arc welding equipment market are Colfax Corporation, Telwin Spa, The Lincoln Electric Company, L’air Liquide S.A, Arcon Welding Equipment, Automation International Inc., and Miller Electric Mfg. LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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