Welding Equipment Industry Survey, Trends, Outlook, Overview and 2022 Forecast
Global welding equipment market is expected to witness lucrative growth over the forecast period. The demand is expected to escalate in numerous application segments including offshore exploration, shipbuilding, oil & gas, automotive, aerospace, construction, and energy.
Global welding equipment market is expected to witness lucrative growth over the forecast period. The demand is expected to escalate in numerous application segments including offshore exploration, shipbuilding, oil & gas, automotive, aerospace, construction, and energy.
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<strong>Welding</strong> <strong>Equipment</strong> <strong>Industry</strong> <strong>Survey</strong>, <strong>Trends</strong>, <strong>Outlook</strong>,<br />
<strong>Overview</strong> <strong>and</strong> <strong>2022</strong> <strong>Forecast</strong><br />
“Global welding equipment market is expected to witness lucrative<br />
growth over the forecast period. The dem<strong>and</strong> is expected to escalate in<br />
numerous application segments including offshore exploration,<br />
shipbuilding, oil & gas, automotive, aerospace, construction, <strong>and</strong><br />
energy.”<br />
Global welding equipment market is expected to witness lucrative growth over the forecast period. The dem<strong>and</strong> is<br />
expected to escalate in numerous application segments including offshore exploration, shipbuilding, oil & gas,<br />
automotive, aerospace, construction, <strong>and</strong> energy. In addition, the shift of trend from manual machine to automated<br />
machine is anticipated to fuel the dem<strong>and</strong> of the market. The product supports various non-metallic <strong>and</strong> metallic<br />
components in numerous manufacturing industries <strong>and</strong> offers an efficient method for fusing materials which in turn is<br />
expected to stimulate the industry growth.<br />
Browse Full Research Report @ https://www.millioninsights.com/industry-reports/welding-equipment-consumables-market<br />
Growing number of infrastructure projects including wind turbine installations is a key factor contributing to the growth<br />
of the welding machinery sector. Further, recuperation in the construction <strong>and</strong> manufacturing areas impels the need for<br />
more advanced equipment, further fuelling market growth. In addition, the unremitting necessity of maintaining &<br />
repairing the existing applications across various industries may further spur the product market dem<strong>and</strong> over the next<br />
few years. In addition, rising st<strong>and</strong>ards of living coupled with increasing spending on nutrition will benefit the food <strong>and</strong>
packaging machinery sectors, thus fuelling the market expansion. Further, escalating need for cars globally may fuel the<br />
need for spending more on tools <strong>and</strong> robotics in the automotive business, subsequently driving the industry dem<strong>and</strong>.<br />
However, there may be a huge dem<strong>and</strong> breakdown for the equipment if heavy & light automotive vehicle production is<br />
cut down owing to low dem<strong>and</strong> <strong>and</strong> consumer confidence.<br />
Shifting focus towards automatic welding from the manual is a major trend witnessed by welding machinery market in<br />
recent times. Surging shortage of skilled labor, especially in developed countries is impelling manufacturers to take new<br />
strides in the world of sophisticated automation. The advent of welding robot for manufacturing processes reduces<br />
dependency on manual labor <strong>and</strong> thus drives dem<strong>and</strong> for the equipment. Further, employment of costly labor in<br />
developed countries increases manufacturing costs, owing to which companies are propelled to adopt industrial robotics,<br />
further stimulating stimulate development. Additionally, the advent of laser systems, Computer Aided Design (CAD)<br />
<strong>and</strong> manufacturing systems may open new avenues for the product adoption globally. Furthermore, advancements <strong>and</strong><br />
innovations in beam delivery, work management, <strong>and</strong> laser sources are being incorporated for use in wide range of<br />
welding solutions, ultimately fuelling the dem<strong>and</strong> of the sector. Thus, the soaring need for automation is anticipated as<br />
one of the foremost trends propelling the equipment sector development over the next few years.<br />
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However, gradual adoption of enhanced technologies in developing nations may hinder product market growth over the<br />
forecast period. Further, price consciousness makes end-users reluctant to adopt technologically advanced solutions,<br />
which may pose a major challenge for the welding equipment market. Additionally, a slowdown in shipbuilding <strong>and</strong><br />
aerospace industries may hamper market augmentation.<br />
On the basis of product segment, welding equipment market can be classified as arc, gas & cutting, resistance, laser,<br />
ultrasonic machinery <strong>and</strong> electrodes welding. However, plasma & arc welding machinery is expected to gain maximum<br />
market share owing to its sustained dem<strong>and</strong> from the global energy industry. The wide usage of arc welding in the<br />
maintenance <strong>and</strong> repair of nuclear facilities, Liquefied Natural Gas (LNG) tanks, wind turbine installations, <strong>and</strong> pipelines<br />
drives dem<strong>and</strong> of the equipment. However, even laser welding machinery is expected to gain eminence over the next<br />
few years on account of its adoption in new end-use <strong>and</strong> heavy manufacturing industries such as railways, shipbuilding,<br />
<strong>and</strong> steel production.<br />
The European welding equipment market is anticipated to dominate the industry closely followed by the U.S. <strong>and</strong> Asia<br />
Pacific. This may be attributed to rising dem<strong>and</strong> from European automotive, transportation, electronics, heavy<br />
machinery, <strong>and</strong> construction industries. In addition, a remarkable development in energy efficiency which robotic<br />
equipment delivers is anticipated to stimulate the product dem<strong>and</strong> in Europe <strong>and</strong> North America. In addition, significant<br />
government investments in the U.S. are expected to fuel the industry growth over the forecast period.<br />
The key participants operating in the welding equipment market include Daihen Corporation, BohlerThyssen <strong>Welding</strong><br />
USA Inc., Air Liquide SA, Panasonic <strong>Welding</strong> Systems Co. Ltd., ARCON <strong>Welding</strong>, LLC, Rofin-Sinar Technologies<br />
Inc., Carl CloosSchweisstechnik GmbH, Illinois Tool Works Inc., ACRO Automation Systems, Lincoln Electric<br />
Holdings Inc., <strong>and</strong> Banner Welder Inc.<br />
Market Segment:
Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD),<br />
market share <strong>and</strong> growth rate of <strong>Welding</strong> <strong>Equipment</strong> & Consumables for these regions, from 2012 to <strong>2022</strong><br />
(forecast), covering<br />
• United States<br />
• China<br />
• Europe<br />
• Japan<br />
• Southeast Asia<br />
• India<br />
See More Reports of This Category by Million Insights @<br />
https://www.millioninsights.com/industry/machinery-<strong>and</strong>-machine-parts<br />
Global <strong>Welding</strong> <strong>Equipment</strong> & Consumables market competition by top manufacturers/players, with <strong>Welding</strong><br />
<strong>Equipment</strong> & Consumables sales volume, Price (USD/Unit), revenue (Million USD) <strong>and</strong> market share for each<br />
manufacturer/player; the top players including<br />
• Panasonic Corporation<br />
• Lincoln Electric<br />
• Miller Electric<br />
• Air Liquide<br />
• Colfax<br />
• Arcon <strong>Welding</strong><br />
• Doncasters Group, Ltd.<br />
• DAIHEN Corporation<br />
• ROFIN-SINAR Technologies, Inc.<br />
• ESAB Group<br />
• Fronius International GmbH
• Kiswel Inc.<br />
• Senor Metals Private Limited<br />
• Miyachi America Corporation<br />
Browse Full Research Report @ https://www.millioninsights.com/industry-reports/welding-equipment-consumables-market<br />
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