Europe Arc Welding Equipment Market Insights Forecasts to 2033

• The Market Size is Growing at a 5.3% CAGR from 2023 to 2033.
• The Europe Arc Welding Equipment Market Size is Expected to Reach a Significant Share by 2033.

The Europe Arc Welding Equipment Market Size is Expected to Reach a Significant Share by 2033, Growing at a 5.3% CAGR from 2023 to 2033.     

Market Overview

Arc welding is one of the most well-known and widespread welding methods. It is used to weld one metal to another using electricity to generate enough heat to soften or melt the metal and unite it. Arc welding equipment comprises DC and AC welding machines, face shields, electrode holders, protective clothing and wearables, wire brushes, power wire wheels, and much more. Furthermore, the Europe arc welding equipment market is growing significantly due to the growing the growing automotive industry, along with the increasing use of arc welding equipment for the production of vehicles and steel structures, increased manufacturing output, rising demand for fast and consistent welding processes, and advancements in welding power source efficiency and design, are expected to boost market growth during the forecast period. Furthermore, increased steel consumption is expected to result in more job possibilities for welders in the region. Europe is investing considerably in training modules to generate trained workers for the welding sector.

Report Coverage

This research report categorizes the market for the Europe arc welding equipment market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe arc welding equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe arc welding equipment market.

Driving Factors

The market's growth is being driven primarily by an increase in the use of arc welding equipment for applications such as pipeline welding, steel erection, construction projects, and various heavy equipment repair applications. The rising use of the arc welding technique and related equipment, which delivers benefits such as smooth welding, fast welding speed, reduced distortion, low cost, improved corrosion resistance, and fewer sparks or smoke, is eventually driving market expansion. Furthermore, the European steel sector is regaining stability, with employment and output levels remaining stable or increasing. According to industry sources, the majority of steel consumption in Europe occurs during the welding process, indicating an increasing trend in welding activity in the region. Furthermore, this is an excellent opportunity for arc welding equipment producers to enter the expanding industry.

Restraining Factors

The necessity for technically skilled operators to perform arc welding, as well as safety concerns such as eye injury, fire, heat, and explosion danger, are important restraining factors that might impede the Europe arc welding equipment market expansion.

Market Segment

• In 2023, the gas metal arc welding segment accounted for the largest revenue share over the forecast period.

Based on method, the Europe arc welding equipment market is segmented into shielded metal arc welding, gas metal arc welding, flux core arc welding, gas tungsten arc welding, submerged arc welding, and others. Among these, the gas metal arc welding segment has the largest revenue share over the forecast period. The growth can be ascribed to gas metal arc welding, which is the most used arc welding process in the welding industry. Gas metal arc welding (GMAW), also known as metal inert gas welding (MIGW), uses a metal electrode that is surrounded by gas, such as helium or argon. This gas shields the region being welded from oxidation and forms numerous layers of welding materials. Throughout the process, a filler wire is fed continually using a non-consumable metal electrode to link the metal.

• In 2023, the automatic segment is witnessing significant growth over the forecast period.

Based on automation, the Europe arc welding equipment market is segmented into manual, automatic, and semi-automatic. Among these, the automatic segment is witnessing significant growth over the forecast period. The expansion can be ascribed to the arc welding equipment's ability to provide high-precision welding, which reduces labor costs and increases productivity. Automatic welding techniques are more efficient and reliable, with greater control over welding conditions, resulting in higher-quality welds.

• In 2023, the manufacturing segment is witnessing significant growth over the forecast period.

Based on application, the Europe arc welding equipment market is segmented into energy and utilities, automotive, construction, manufacturing, aerospace & defense, shipbuilding, and others. Among these, the manufacturing segment is witnessing significant growth over the forecast period. This is due to the European automotive sector is developing, and significant factors contributing to this growth include increased vehicle manufacturing, increased sales of cars and other commercial vehicles, and increased technological breakthroughs such as self-driving cars. Due to these factors, the automotive segment is increasing significantly in the Europe arc welding equipment market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe arc welding equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Lincoln Electric Holdings Inc.
• Fronius International GmbH
• Elektriska Svetsnings-Aktiebolaget (ESAB)
• Carl Cloos Schweisstechnik GmbH
• Kemppi Oy
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Europe Arc Welding Equipment Market based on the below-mentioned segments:

Europe Arc Welding Equipment Market, By Method

• Shielded Metal Arc Welding
• Gas Metal Arc Welding
• Flux Core Arc Welding
• Gas Tungsten Arc Welding
• Submerged Arc Welding
• Others

Europe Arc Welding Equipment Market, By Automation

• Manual
• Automatic
• Semi-Automatic

Europe Arc Welding Equipment Market, By Application

• Energy and Utilities
• Automotive
• Construction
• Manufacturing
• Aerospace & Defense
• Shipbuilding
• Others