Infinium Global Research and Consulting Solutions

By Infinium Global Research Jan, 2024

The global arc welding equipment market was valued at USD 4367.2 million in 2022 and is expected to reach USD 6,065.3 million by 2028 and grow at a CAGR of 5.63% over the forecast period. The key driver of the market is the growing demand from the end-user industries, the arc welding is used across different sectors. The end-user industries are growing at a fast rate. The growth in these industries has led to strong demand for arc welding equipment. The other factor driving the growth of the market is the large-scale use of arc welding in infrastructure and automotive. Specifically, the use of arc welding is wide in infrastructure projects. The rising infrastructure projects are resulting in growing arc welding processes which is benefitting the market. The drawbacks of the arc welding process are expected to restrain the market. Technological development occurring in the arc welding process and equipment is anticipated to offer growth opportunities in the market.

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