Dublin, Nov. 04, 2024 (GLOBE NEWSWIRE) -- The "Arc Welding Equipment Market by Type, Gas, End-user - Global Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering.
The Arc Welding Equipment Market grew from USD 7.44 billion in 2023 to USD 7.92 billion in 2024. It is expected to continue growing at a CAGR of 6.81%, reaching USD 11.81 billion by 2030. The necessity of this equipment is driven by its critical role in industries such as construction, automotive, shipbuilding, and aerospace, where metal integrity and strength are vital.
One significant opportunity lies in the Asia-Pacific region, which is witnessing rapid industrial growth and infrastructure projects, promising substantial demand for arc welding equipment. However, the market faces several challenges such as high operational costs, the availability of skilled labor, and safety concerns, which can impede growth. Moreover, fluctuating raw material prices can also impact profitability and expansion.
Innovation and research should focus on increasing energy efficiency, improving the automation capabilities of welding equipment, and developing lightweight, portable devices to meet the demand of emerging markets. Additionally, advancements in robotics and artificial intelligence can lead to significant improvements in precision and productivity, opening new avenues for business expansion.
The nature of the market remains competitive, with manufacturers investing heavily in R&D to gain a technological edge. Firms should also consider collaborations with technology providers to integrate smart welding solutions, which can offer a competitive advantage. For businesses in this sector, staying abreast of technological advancements and focusing on customer needs will be crucial to maintaining a strong market position and leveraging the available opportunities for growth.
Market Dynamics in the Arc Welding Equipment Market
- Market Drivers
- Expansion of the manufacturing industry worldwide and the need for effective fabrication and assembly solution
- Burgeoning oil & gas and nuclear power activities and demand for extensive welding operations for pipelines
- Market Restraints
- High costs associated with advanced arc welding equipment
- Market Opportunities
- Continuous development in welding technology and the integration of automation and robotics
- Government investments in infrastructure and urban development initiatives and the need for advanced welding equipment
- Market Challenges
- Health and safety concerns associated with the arc welding equipment
Key Topics Covered
- Exploring Porter's Five Forces for the Arc Welding Equipment Market
- Applying PESTLE Analysis to the Arc Welding Equipment Market
- Analyzing Market Share in the Arc Welding Equipment Market
- Evaluating Vendor Success with the FPNV Positioning Matrix in the Arc Welding Equipment Market
- Strategic Recommendations for Success in the Arc Welding Equipment Market
Key Company Profiles
The report delves into recent significant developments in the Arc Welding Equipment Market, highlighting leading vendors and their innovative profiles. These include:
- ABB Ltd.
- AMADA WELD TECH Inc.
- American Welding & Gas, Inc.
- Arcon Welding Equipment
- Automation International Inc.
- Daihen Corporation
- ESAB
- Fronius International GmbH
- Hyosung Heavy Industries Co. Ltd.
- Illinois Tool Works Inc.
- Kemppi OY
- Lenco Welding Accessories Ltd.
- Linde PLC
- Makino Inc.
- Miller Electric Mfg. LLC
- SMC Corporation Pvt. Ltd.
- Telwin Spa
- The Lincoln Electric Company
- Voestalpine Group
- Wilhelmsen Group
Market Segmentation & Coverage
This research report categorizes the Arc Welding Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- Flux Core Arc Welding
- Gas Metal Arc Welding
- Gas Tungsten Arc Welding
- Shielded Metal Arc Welding
- Submerged Arc Welding
- Gas
- Argon
- Carbon Dioxide
- Helium
- Hydrogen
- Nitrogen
- Oxygen
- End-user
- Aerospace & Defence
- Automotive
- Construction
- Energy
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
Key Attributes
| Report Attribute | Details |
| No. of Pages | 195 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $7.92 Billion |
| Forecasted Market Value (USD) by 2030 | $11.81 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/dcnvbb
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