Arc Welding Equipment Market Size - By Power Source Type (AC Arc Welding Equipment, DC Arc Welding Equipment), By Welding Method (Shielded Metal Arc Welding, Gas Metal Arc Welding (GMAW/MIG), Flux-Cored Arc Welding (FCAW)), By End-user Industry & Forecast, 2024 – 2032

Arc Welding Equipment Market Size

Arc Welding Equipment Market was valued at USD 4.3 billion in 2023 and is estimated to register over 6.5% CAGR between 2024 and 2032, owing to the increasing need for welding equipment in a variety of industries including shipbuilding, offshore exploration, oil & gas, aerospace, automotive, construction, and energy. The demand for welding equipment is also being fueled by consumer preference for automated devices over manual ones.
 

Technological advancements in arc welding equipment, such as the development of advanced power sources and welding processes, are also driving market growth. These innovations improve efficiency, reduce welding time, and enhance the overall weld quality, thereby increasing adoption across various applications. Additionally, stringent safety regulations and standards in industrial sectors are further boosting the demand for reliable & high-performance arc welding equipment.
 

High initial setup & maintenance costs are a significant restraint in the arc welding equipment market. Advanced welding technologies and equipment require substantial investments, which can be prohibitive for Small and Medium-sized Enterprises (SME). These costs include the purchase of sophisticated machines, installation, and ongoing maintenance expenses. Additionally, the need for specialized training for operators further adds to the financial burden. As a result, many SME may opt for cheaper & simpler welding solutions, which will limit market growth. This financial barrier can also hinder the adoption of new technologies, impacting the overall industry innovation and efficiency.
 

Arc Welding Equipment Market Trends

The integration of automation and robotics into arc welding is a significant trend reshaping the industry. The demand for automated welding solutions has surged as manufacturing processes evolve toward increased efficiency and precision. Automated arc welding systems, including robotic welding arms and automated weld inspection technologies, offer several advantages over manual welding. With their ability to yield higher productivity rates, maintain consistent weld quality, and minimize human errors, they are well-suited for high-volume production settings such as automotive manufacturing and large-scale construction projects.
 

Robotic welding systems are particularly beneficial in hazardous or repetitive tasks, thereby improving workplace safety by reducing the risks of accidents and exposure to harmful fumes. Furthermore, advancements in Artificial Intelligence (AI) and Machine Learning (ML) are enhancing the capabilities of these systems. AI-powered robots can adjust to variations in the welding process, optimize parameters in real-time, and leverage previous weld data to enhance future performance. Continuous improvements, development of innovative manufacturing methods, technological advancements, and application of standard & specific welding techniques will help in overcoming the challenges and drive the U.S. industry growth.
 

Arc Welding Equipment Market Analysis

Based on power source type, the AC arc welding equipment segment is expected to register a CAGR of over 6.8% during 2024 to 2032.
 

• The growth of the AC arc welding equipment industry is driven by several key factors. The increasing demand in construction and infrastructure development sectors is a major driver as these industries require robust and cost-effective welding solutions for building structures and bridges. Additionally, advancements in welding technology, such as improved power sources and control systems, have enhanced the efficiency & performance of AC arc welding equipment, making it more attractive across various applications.
   
• The expansion of the manufacturing sector, especially in automotive & heavy machinery industries, is further boosting demand. Moreover, the shipbuilding and offshore industries significantly contribute to market growth due to their need for reliable welding solutions in harsh environments. Lastly, the cost-effectiveness and wide availability of AC arc welding equipment make it a popular choice for small & medium-sized enterprises and budget-conscious industries.
   

Based on end-user, the automotive dominated the global market with a share of over 33% in 2023.
 

• The automotive segment is a significant driver in the arc welding equipment market, primarily due to the industry's ongoing demand for efficient & high-quality welding solutions. In automotive manufacturing, arc welding is crucial for assembling vehicle bodies, chassis, and various components. The need for precise & robust welds to ensure vehicle safety and structural integrity makes arc welding equipment indispensable.
   
• The increasing production of vehicles globally is a primary growth driver. The adoption of advanced welding technologies becomes essential as automakers strive to meet the rising consumer demand. Additionally, the push toward Electric Vehicles (EVs) is propelling the need for specialized welding solutions to handle different materials, such as aluminum and high-strength steel, used in EV construction.
   

North America dominated the global arc welding equipment market in 2023, accounting for a share of over 38%, driven by various factors across multiple industries. One of the primary drivers is the robust demand from the construction and infrastructure sectors. Significant investments in infrastructure projects, such as roads, bridges, and commercial buildings, require reliable welding equipment to ensure the structural integrity and durability of these constructions. The automotive industry in North America, particularly in the U.S. and Canada, also contributes to market growth.

The region's automotive manufacturing sector relies heavily on advanced welding technologies to assemble vehicles including traditional internal combustion engine vehicles and the rapidly growing Electric Vehicles (EVs). The need for high-quality welds and the adoption of automated & robotic welding systems are the key trends in this industry.
 

Arc Welding Equipment Market Share

Daihen Corporation, a Japanese manufacturer, is a prominent contender in the arc welding equipment industry and holds a market share of over 14%. It offers high-quality welding equipment and solutions. The company provides a wide range of arc welding machines, including AC and DC arc welding equipment, as well as robotic welding systems. Daihen's products are used in automotive manufacturing, electronics, and heavy machinery industries. With a strong focus on technological advancements, it continues to innovate in welding technologies, aiming to enhance productivity and operational efficiency for its global customer base.
 

Lincoln Electric Holdings, Inc. is a prominent player in the arc welding equipment market, known for its comprehensive range of welding solutions and cutting-edge technologies. The company offers a variety of arc welding equipment, including both AC and DC arc welding machines as well as advanced robotic welding systems. Its equipment is widely used across industries such as automotive, construction, manufacturing, and oil & gas.
 

Arc Welding Equipment Market Companies

Major players operating in the arc welding equipment industry are:

• Lincoln Electric Holdings, Inc.
• Daihen Corporation
• Miller Electric Mfg. LLC (part of ITW Welding)
• Kemppi Oy
• Fronius International GmbH
• Panasonic Welding Systems Co., Ltd.
• Obara Corporation
   

Screenless Display Industry News

• In February 2023, Miller Electric Mfg. LLC launched the copilot collaborative welding system. It is a cobot with advanced capabilities intended for welders and shops new to robotic welding who are looking for solutions to keep up with demand.
   

This arc welding equipment market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) from 2021 to 2032, for the following segments:

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Market, By Power Source Type

• Ac arc welding equipment
• Dc arc welding equipment
• Others

Market, By Welding Method

• Shielded metal arc welding (SMAW)
• Gas metal arc welding (GMAW/MIG)
• Flux-cored arc welding (FCAW)
• Others

Market, By End User

• Automotive
• Aerospace & defense
• Construction
• Oil & gas
• Manufacturing
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA