Global Arc Welding Equipment Market Growth 2023-2029

Global Arc Welding Equipment Market Growth 2023-2029

Arc welding is a 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. It is a type of welding that uses a welding power supply to create an electric arc between an electrode and the base material to melt the metals at the welding point.
LPI (LP Information)' newest research report, the “Arc Welding Equipment Industry Forecast” looks at past sales and reviews total world Arc Welding Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Arc Welding Equipment sales for 2023 through 2029. With Arc Welding Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Arc Welding Equipment industry.
This Insight Report provides a comprehensive analysis of the global Arc Welding Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Arc Welding Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Arc Welding Equipment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Arc Welding Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Arc Welding Equipment.
The global Arc Welding Equipment market size is projected to grow from US$ 5788.7 million in 2022 to US$ 7867.8 million in 2029; it is expected to grow at a CAGR of 7867.8 from 2023 to 2029.
Global core arc welding equipment manufacturers include Illinois Tool Works, Lincoln Electric and Colfax Corporation etc. The top 3 companies hold a share about 42%. China is the largest market, with a share about 30%, followed by Europe and Asia other with the share about 17% and 15%.
In terms of product, MIG/MAG welders is the largest segment, with a share about 42%，followed by stick welders and TIG welders with the similar share about 20%. And in terms of application, the largest application is construction, followed by machinery and energy and utilities.
This report presents a comprehensive overview, market shares, and growth opportunities of Arc Welding Equipment market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Stick Welders
MIG/MAG Welders
TIG Welders
Others
Segmentation by application
Energy and Utilities
Machinery
Construction
Aerospace and Defence
Electrical
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Illinois Tool Works
Lincoln Electric
Colfax Corporation
DAIHEN Corporation
Panasonic
Fronius
Jasic Technology
Hugong
EWM
Cloos
LORCH
Kende
Kemppi
GYS
Migatronic
Kaierda
Telwin
Sansha Electric
Auweld
Key Questions Addressed in this Report
What is the 10-year outlook for the global Arc Welding Equipment market?
What factors are driving Arc Welding Equipment market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Arc Welding Equipment market opportunities vary by end market size?
How does Arc Welding Equipment break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.