Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Argon Arc Welding Machine Market size is projected to accrue voluminously by 2026 registering a phenomenal CAGR of 7.2% during the review period (2022 to 2027).
Welding is a process of manufacturing or assembling employed to join materials such as metals and thermoplastics. Metals or thermoplastics are joined together by fusion of the intersecting materials. Welding is an evolving technology. Commonly implemented welding technologies include shielded metal arc welding (SMAW), gas tungsten arc welding (GTAW), gas metal arc welding (GMAW), flux-cored arc welding (FCAW), and submerged arc welding (SAW).
The market is being driven by a significant rise in demand for automated or robotic arc welding machine due to a shortage of skilled labour in the manufacturing and processing industry. Governments are spending a massive amount on the expansion of national infrastructure. The rise in the number of construction projects is expected to bolster the product’s demand. Argon Arc Welding Machine is also used in shipbuilding, manufacture of steel structures, aerospace, and defence. The installation of power-grid equipment for the generation of renewable energy provides a promising opportunity for the growth of the arc welding machine industry. The adoption of Argon Arc Welding Machine in the automotive industry to meet the increasing demand for passenger cars across the globe is further aiding the market growth.
voestalpine Böhler Welding acquires Selco s.r.l.
3rd Mar 2020: voestalpine Böhler Welding has acquired a majority stake in the traditional Italian manufacturer for welding machines Selco s.r.l.. With this, voestalpine Böhler Welding is further expanding its market position after the successful launch of the welding machine series in June 2019.
The global chronic inflammatory demyelinating polyneuropathy includes identification and analysis of the various market participants competing in the global market. Prominent competitors include ACRO Automation Systems Inc., Air Liquide; ARCON Welding Equipment, Banner Welding Inc., voestalpine Böhler Welding GmbH, Carl Cloos Schweisstechnik GmbH, Daihen Corporation, Illinois Tool Works Inc., Panasonic Industry Europe GmbH, Coherent-ROFIN, Kaierda, HG, RILAND, JASIC, TAYOR, EASB.
Argon Arc Welding Machine Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Applications it is segmented into
The European market accounted for the highest revenue share in 2019 and had a market size of US$ 3,555.2 million. The development of the region can be attributed to rising demand for a variety of welding equipment from automotive, electronics, transportation, heavy machinery, and construction industries. Moreover, vast developments in the field of energy-efficient robotic equipment over the years have worked well for the market in Europe as several countries have levied stringent energy-efficiency protocols upon several industries.The APAC regional market is expected to witness significant development over the forecast period, chiefly benefitting from the increasing number of construction events in the region. Moreover, increasing foreign investments in the APAC region have contributed to a notable rise in projects in industries such as aerospace, oil & gas sector, and heavy machinery. This scenario is also expected to drive the regional market.
The Argon Arc Welding Machine Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Argon Arc Welding Machine Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 7.2% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | ACRO Automation Systems Inc., Air Liquide; ARCON Welding Equipment, Banner Welding Inc., voestalpine Böhler Welding GmbH, Carl Cloos Schweisstechnik GmbH, Daihen Corporation, Illinois Tool Works Inc., Panasonic Industry Europe GmbH, Coherent-ROFIN, Kaierda, HG, RILAND, JASIC, TAYOR, EASB. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 130 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Argon Arc Welding Machine Market is studied from 2017 - 2027.
What is the growth rate of Argon Arc Welding Machine Market?
The Argon Arc Welding Machine Market is growing at a CAGR of 7.2% over the next 5 years.
Who are the leading key players in Argon Arc Welding Machine Market?
ACRO Automation Systems Inc., Air Liquide; ARCON Welding Equipment, Banner Welding Inc., voestalpine Böhler Welding GmbH, Carl Cloos Schweisstechnik GmbH, Daihen Corporation, Illinois Tool Works Inc., Panasonic Industry Europe GmbH, Coherent-ROFIN, Kaierda, HG, RILAND, JASIC, TAYOR, EASB.
What regions regions does this Argon Arc Welding Machine Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Argon Arc Welding Machine Market?
Melting Pole Argon Arc Welding Machine, Non-Melting Pole Argon Arc Welding Machine
What are the significant Applications of Argon Arc Welding Machine Market?
Aerospace, Automotive, Building & Construction, Energy, Oil & Gas, Marine
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GLOBAL ARGON ARC WELDING MACHINE MARKET, BY REGION
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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