Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the arc welding equipment market provides in-depth
analysis of segments and sub-segments in the global as well as regional arc
welding equipment market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional arc welding
equipment market over the short term as well as the long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global arc
welding equipment market. According to the report, the global arc welding
equipment market is projected to grow at a CAGR of 5.5% over the forecast
period of 2022-2028.
The global arc welding equipment market was valued at USD 4.3 billion in 2022 and is expected to reach USD 6.0 billion in 2028, with a CAGR of 5.5% during the forecast period. Arc welding
equipment is used in the welding process that is used to join metal to metal by
using electricity to create enough heat to melt metal, and the melted metals
when cool result in a binding of the metals. The demand for arc welding
equipment is driven by the growing end-user industry in the country. The global
oil & gas sector plays a large role in the country’s arc welding equipment
market growth. Furthermore, the machine-building industry forms a key part of
the growth of the market. Moreover, the growth in aircraft building, aerospace
production, weapons, military machinery manufacture, and the automotive
industry also plays an important role in the growth of the market.
The Enormous oil & gas sector
in developing countries to drive the growth of arc welding equipment globally
during the forecast period. Furthermore, the Expansion of the machine-building
industry will enhance the growth of the market. Arc welding is a precise,
reliable, cost-effective, and high-tech method for joining materials in
manufacturing industries. Globally machine-building industries consist of
electronics, computers, robotics, instrument building, agricultural and
transport machine building, railway car manufacture, aircraft building, and
shipbuilding equipment manufacturers. The increasing use of arc welding within
these manufacturers will propel the market growth. However, with intense
competition in the global market, the growth will be retrained during the forecast
period. The intensive competition will pose a challenge for the growth of new
players entering the arc welding equipment industry. Moreover, growing
infrastructural development will create a growth opportunity during the
forecast period.
The outbreak of COVID-19 negatively affected the growth of the arc welding equipment market during the
forecast period. Furthermore, the stoppage of the manufacturing industry due to
the increasing spread of the virus restrained the growth of the market. The lockdown
hampered the growth of the market because of the trade restriction imposed by
various countries in the earlier phase of the pandemic. The reduced supply of
the various spare parts during the covid-19 pandemic hampers the growth.
Furthermore, economic slowdown and decreased spending on the innovation of advanced welding technology globally because of the spread of the virus have
restrained the growth of the market during the forecast period.
Based on the region, the worldwide
arc welding equipment market is segmented into the Asia Pacific, North America,
Europe, and also the Middle East & Africa. Among the regions, North America
is the largest region in the arc welding equipment market due to increasing
automation advancements in developing countries during the forecast period.
The increasing inclination towards renewable energy sources requires the
installation of solar and hybrid power stations. This is expected to aid the
arc welding equipment industry's growth over the forecast period. Furthermore,
the Asia Pacific region is expected to dominate the growth of the market due to
the increasing infrastructural development within India, and China during the
forecast period.
The report on the global arc welding
equipment market covers segments such as welding technology, and equipment. On
the basis of welding technology, the sub-markets include plasma arc welding (PAW),
gas-tungsten arc welding (GTAW), shielded metal arc welding (SMAW), gas-metal
arc welding (GMAW), and others. On the basis of equipment, the sub-markets
include welding machine/ power source, electrode holders, cables/ leads,
chipping hammer, and others.
The report provides profiles of
the companies in the market such as Amada Miyachi America, Inc., Arcon Welding
Equipment, Colfax Corporation, DAIHEN Corporation, ESAB Welding & Cutting
Products, Fronius International GmbH, Illinois Tool Works, Inc., Nelson Stud
Welding (Doncasters Group, Ltd.), Obara Corporation, and Rofin-Sinar
Technologies.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the arc welding equipment market. Moreover, the study highlights
current market trends and provides forecast from 2022-2028. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings insight into the market share of the leading players.
Please Choose One of them.