According to a new report by Expert Market Research, ‘Global Arc Welding Equipment Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, the global arc welding equipment market is projected to reach ~US$ 10 Bn by the end of the forecast period, registering a CAGR of ~ 6%.
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The global arc welding equipment market can be segmented into process, level of automation, used gases, application, and geography. The process segment can be categorized into shielded metal arc welding, gas metal arc welding, flux core arc welding, gas tungsten arc welding, and submerged arc welding. The shielded metal arc welding segment is anticipated to be the dominant segment. This is mainly due to its low cost and easy availability in the market. Based on level of automation, the global arc welding equipment market can be segregated into manual, automatic, and semi-automatic. The market is analyzed on the basis of following used gases including argon, helium, hydrogen, carbon dioxide, oxygen, and nitrogen. Furthermore, on the basis of application, the global arc welding equipment market can be segmented into energy and utilities, automotive, construction, aerospace & defense, shipbuilding, and others. Among all application, the automotive segment is anticipated to dominate the global market during the forecast period. The growth of the automotive sector is anticipated to an increasing demand for passenger cars across the globe.
The overall market for arc welding equipment is driven by increased demand for automation or robotic arc welding. Manufacturing and processing industries witnessing a major shortage of skilled labor are being affected by the saturated labor markets. Majority of the manufacturers are therefore shifting to robotic or automatic arc welding to increase their profit margins and decrease labor force dependence. In addition, automatic arc welding is widely used in the automotive industry and in the manufacture of steel structures.
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The report, Global Arc Welding Equipment Market 2020-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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