Arc Welding Equipment Market Insights Video

According to Cognitive Market Research, the global Arc Welding Equipment market size is USD 5158.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.50% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 2063.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1545.96 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1186.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
• Latin America had a market share for more than 5% of the global revenue with a market size of USD 257.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 103.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
• The Shielded Metal Arc Welding held the highest Arc Welding Equipment market revenue share in 2024.