Huge Demand of Global Welding Equipment Market during 2021-2026
New Study Reports ” Welding Equipment Market 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2026″ has been Added on MarketResearchFuture.
Report Overview
The report on the Welding Equipment Market provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2021 to 2026. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
Global sales of welding equipment is estimated to be valued at US$ 10,456.6 Mn by the end of 2016, witnessing a CAGR of 7.9% from 2016 to 2024. In a new report titled “Welding Equipment Market: Global Industry Analysis and Forecast, 2016 -2024”, Persistence Market Research provides a comprehensive analysis of the global welding equipment market and offers insights into the key factors and trends likely to shape the market in the next eight years.
Market drivers
The global welding equipment market is likely to witness sustained growth in the next eight years owing to a burgeoning automobile and construction industry especially in emerging economies such as India and China. Rapid growth in the transportation industry and an increasing demand from the oil and gas industry is also driving the growth of the global welding equipment market. Market growth is likely to be further augmented by an increasing number of end-use applications that utilize different types of welding equipment and techniques. Slow adoption of advanced welding technologies in developing countries such as India is likely to hamper market growth over the forecast period.
The global welding equipment market is expected to witness key trends in the coming years. One of the major trends likely to be observed is an increasing need for welding automation technology in the fabrication industry.
Key Players:
The report has profiled some of the Important players prevalent in the global like – voestalpine AG, Colfax Corporation, The Lincoln Electric Company, Obara Corporation, Panasonic Corporation, Illinois Tool Works Inc., Fronius International GmbH, Rofin-Sinar Technologies, Sonics and Materials, Inc., Arcon Welding Equipment, DAIHEN Corporation, Amada Miyachi, Inc. and Nelson Stud Welding (Doncasters Group Ltd.) and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Welding Equipment.
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Market drivers
The global welding equipment market is likely to witness sustained growth in the next eight years owing to a burgeoning automobile and construction industry especially in emerging economies such as India and China. Rapid growth in the transportation industry and an increasing demand from the oil and gas industry is also driving the growth of the global welding equipment market. Market growth is likely to be further augmented by an increasing number of end-use applications that utilize different types of welding equipment and techniques. Slow adoption of advanced welding technologies in developing countries such as India is likely to hamper market growth over the forecast period.
The global welding equipment market is expected to witness key trends in the coming years. One of the major trends likely to be observed is an increasing need for welding automation technology in the fabrication industry.
Market highlights
The global welding equipment market is segmented on the basis of Welding Technology (Arc Welding, Resistance Welding, Oxy-Fuel Welding, Laser Beam Welding, Others), Level of Automation (Manual, Semi-Automatic, Automatic), Application (Automobile & Transportation, Building & Construction, Marine Application, Others), and Region (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa). In the welding type category, the arc welding segment is estimated to be valued at US$ 4,979.1 Mn by 2016 end and is expected to reach US$ 8,580.0 Mn by the end of 2024, expanding at a CAGR of 7.0% over the forecast period. The laser beam welding segment is anticipated to create incremental dollar opportunity of US$ 1,772.9 Mn between 2016 and 2024.
In the level of automation category, the automatic segment is estimated to account for 65.9% value share of the overall welding equipment market by 2016 end, followed by the semi-automatic segment with 25.4% share.
In the application category, the automobile & transportation segment is estimated to reach 394.2 thousand units by 2016 end and is anticipated to increase to 603.7 thousand units by 2024, exhibiting a volume CAGR of 5.5% over the forecast period. The building & construction segment is estimated to reach 345.4 thousand units by 2016 end and is anticipated to increase to 491.9 thousand units by 2024, exhibiting a volume CAGR of 4.5% over the forecast period.
Among regions, Asia Pacific is the largest market for welding equipment and is expected to remain dominant throughout the forecast period. The welding equipment market in the APAC region is expected to expand 1.9X in terms of value between 2016 and 2024. The APAC welding equipment market is estimated to be valued at US$ 3,441.0 Mn by 2016 end and is expected to represent incremental dollar opportunity of US$ 3,146.5 Mn between 2016 and 2024. The MEA welding equipment market is slated to be valued at US$ 1,640.4 Mn by 2024 end, expanding at a CAGR of 8.6% during the forecast period.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Welding Equipment Market Manufacturers
Welding Equipment Market Distributors/Traders/Wholesalers
Welding Equipment Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Welding Equipment Market Report:
- The Welding Equipment Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Welding Equipment Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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