20-Apr-2021 | Zion Market Research
Global Welding Equipment Market accounted for USD 10,547.0 Million in 2020 and is expected to reach USD 15,993.9 Million by 2028, growing at a CAGR of 5.6% from 2021 to 2028.
Welding equipment technology is generally used for the fabrication of two or more materials permanently. This method is adopted in small- or large-scale industries to weld metal or thermoplastics. Various welding equipment such as gas flames, electric arcs, friction, molten metal baths, lasers, ultrasound electron beams, and electric resistance are used globally. This fabrication process is also used to renovate and repair metal products, Welding is performed in all possible media such as in space, underwater, and air. Generally, aluminum, non - ferrous, and stainless steel are used for the fabrication of products. Nowadays, high - strength steel is widely used as automotive components along with
The demand for accuracy, quality, and consistency is anticipated to boost the robotics and automation technologies in the welding processes, particularly in the automotive sector. Moreover, increasing production of light vehicles will also contribute to the high demand for welding equipment in the near future. The automotive sector will also witness high demand for friction - blend welding technology, which in turn results in high - integrity to the final product and makes it defect-free. Other factors such as low operating costs and intrinsic mechanical properties are anticipated to drive the global welding equipment market in the coming future. Rising acceptance of the technology among automakers also impacts the growth of the market in a positive way. In addition, growing adoption of new and developed welding processes is fostering the growth of the welding equipment market. Growing urbanization and industrialization in the developing countries is further positively impacting the construction projects which in turn is expected to foster the global market in future.
The global welding equipment market is geographically segmented into North America, Europe, Asia - Pacific, Latin America and the Middle East & Africa. Asia Pacific is accounted a largest share and is anticipated to witness rapid growth in future.
Additionally, the growth of the automobile and construction industries in emerging economies countries such as China and Japan is also contributing to the growth of the welding equipment market globally. The Middle East & and Africa are also owed to expected to emerge as the most profitable region for the welding equipment market in the future. Some of the major players dominating the global welding equipment market are the Lincoln Electric Company, voestalpine AG, Obara Corporation, Voestalpine AG, Illinois Tool Works, Inc., Colfax Corporation, and Panasonic Corporation. Other key Some of the leading players operating influencing in the global welding equipment market are Amada Miyachi, Arcon Welding Equipment, Sonics and Materials, Inc., Nelson Stud Welding ( Doncasters Group Ltd. ), Arcon Welding Equipment, Rotin - Sinar Technologies, DAIHEN Corporation, Inc., and Fronius International GmbH.
Browse the full “Welding Equipment Market Report By Technology (Manual, Semi-Automatic, Fully Automatic), By End-Use (Aerospace, Automotive, Building & Construction, Defense And Others)– Global Industry Perspective, Comprehensive Analysis And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/welding-equipment-market
The Global Welding Equipment Market is segmented as follows:
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