Arc Welding Equipment Market Analysis

Arc Welding Equipment Market Analysis

To get key market trends

  Download Free Sample

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.