The 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 is utilized to fabricate two or more metals together. Majority of industrial products are manufactured by using the welding process Machines are used across various industries like automobile, heavy machinery, oil and gas etc. The rapid growth and demand from the developing countries like India, China, and South Korea etc. With the technological advances and safety in welding equipment market growth is pacing upward.
The demand for welding equipment in industries like ship building, railway, automobile sector etc. are growing positively. The technological progress in the laser welding and with automatic welding machines the manufacture can speed up the process.
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COVID-19 Impact Analysis
The Global Welding Equipment Market is expected to witness a downturn in the sales of whey protein products for the short term owing to the restrictions imposed by nations in order to contain covid. The global movement was somewhat halted so the manufacture industry, shipping etc. where all not able to operate in full potential. Most of the companies operating in the Welding Equipment Market were not in operation during pandemic hence it affected the production cycle at the same time the demand for these products witnessed short downturn resulting in a disruption across the whole supply chain.
Growth Factors
Automatic welding machines are preferred across welding industries. They are being adopted on a large scale across industries to accelerate the production process and manufacture high-quality products with low human interaction between the machine and human. Manufacturing units across industries are installing automated welding assembly lines to attain maximum speed of the welding process and yield better products.
Various industries such as automotive and aerospace, construction are slowly moving towards automatic or semi-automatic machinery. Manufacturers of welding equipment are cautiously trying to come up with new and sophisticated machinery. Research to develop welding technology and equipment that can help in welding new types of materials used across various industries.
The automatic welding equipment’s are now days being preferred for its safety and it consumes less time compared to other equipment. Manufacturers are replacing their machines to automatic for their high quality product and less human interaction.
The report’s segments are:
This study provides historical data and revenue growth predictions at the global, regional, and national levels, as well as an analysis of market trends in each segment from 2019 to 2030. Reports and Data has divided the global Welding Equipment market by product type, application, and geography for this report:
By Product Type Outlook
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By Application Outlook
● Construction
● Automotive
● Heavy Equipment
● Electronics, Medical and Precision Instruments
● Energy and Chemical
● Other
Various industries such as automotive and aerospace, construction are slowly moving towards automatic or semi-automatic machinery. Manufacturers of welding equipment are cautiously trying to come up with new and sophisticated machinery. New welding technology’s to weld new alloys or metals are researched, to make things durable.
Competitive Landscape:
Some of key players in Global Welding Equipment market are ACRO Automation Systems Inc.; Air Liquide; ARCON Welding Equipment Inc.; voestalpine Böhler Welding GmbH; Carl Cloos Schweisstechnik GmbH; Daihen Corporation; Illinois Tool Works Inc.; Panasonic Industry Europe GmbH; Coherent-ROFIN; Fronius: Colfax and amongst others.
The APAC region held a share of 27.51% in 2020. This is attributable to the presence of top companies such as Air Liquide; ARCON Welding Equipment; voestalpine Böhler Welding GmbH. There is moderate increase in flux and filler materials to weld different metals and alloy heavy industries. The Asia pacific region has some of the largest and fastest growing economy. With increase in demand the companies are expanding to make a strong customer base.
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