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