Arc Welding Leads the Market with a 6.5% CAGR, While Oxy-Fuel Welding Grows at 5.6%: Insights into Key Segments of the Welding Machinery Market

PR Newswire
7 min read

DUBLIN, Oct. 20, 2023 /PRNewswire/ -- The "Welding Machinery - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

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The global welding machinery market is poised for significant growth, with an estimated valuation of US$13.1 billion in 2022, projected to expand to US$21.5 billion by 2030.

This growth represents a compound annual growth rate (CAGR) of 6.4% over the analysis period of 2022-2030. Among the segments analyzed, arc welding is expected to lead the market with a 6.5% CAGR, reaching US$14 billion by the end of the analysis period, while oxy-fuel welding is anticipated to grow at a 5.6% CAGR over the next eight years.

Key Market Segments

  • Arc Welding Dominates: Arc welding is the leading segment in the market, driven by a 6.5% CAGR, and is projected to reach US$14 billion by 2030. This growth can be attributed to the widespread use of arc welding across various industries for its efficiency and effectiveness.

  • Oxy-Fuel Welding Grows: The oxy-fuel welding segment is expected to grow at a CAGR of 5.6% over the analysis period. While not as fast-growing as arc welding, oxy-fuel welding remains a significant part of the market due to its relevance in certain applications.

Geographic Insights

  • U.S. Market Valued at US$3.2 Billion: The welding machinery market in the United States is estimated at US$3.2 billion in 2022.

  • China's Rapid Growth: China, the world's second-largest economy, is forecast to reach a market size of US$4.7 billion by 2030, with an impressive CAGR of 8.9% over the analysis period.

  • Other Noteworthy Markets: Japan and Canada are expected to grow at 3.6% and 5.5%, respectively, from 2022 to 2030. Germany, within Europe, is forecast to grow at approximately 4.3% CAGR.

Select Competitors (Total 349 Featured):

  • ABB Ltd.

  • Air Liquide SA

  • Amada Co., Ltd.

  • Aerotech, Inc.

  • Asahi/America, Inc.

  • Arc Machines, Inc.

  • ARO Welding Technologies SAS

  • Automation International, Inc.

  • Aczet Pvt., Ltd.

  • Ador Welding Ltd.

  • ALPHA LASER GmbH

  • American Torch Tip

  • ARCBRO CNC CUTTING MACHINE

  • All Pro Industries Pty Ltd

Economic Outlook

The global economic outlook is showing signs of improvement, with growth recovery expected in the coming years. The United States has overcome the recession threat, although it is experiencing slowing GDP growth. Europe is benefiting from easing headline inflation, while China is poised for strong GDP increases as the pandemic recedes. India is on track to become a trillion-dollar economy by 2030.

Challenges remain, including persistent global inflation, food and fuel price concerns, and the impact of retail inflation on consumer confidence and spending. Stricter regulations and climate change considerations are also shaping the economic landscape. However, the rise of new technologies, such as artificial intelligence, machine learning, cloud computing, and renewable energy, presents opportunities for growth and innovation.

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