The global Welding Equipment Market size is expected to reach
USD 18,170.0 million by 2025, registering a CAGR of 6.9% from 2019 to 2025,
according to a new study conducted by Grand View Research, Inc. A notable rise
in manufacturing and construction activities across the globe is expected to
boost the growth of the market over the forecast period. Increasing adoption of
automated solutions is a key trend observed in the market.
The growing demand for lightweight cars across the globe is
expected to drive the demand for advanced products over the next six years.
Introduction of new technologies in the market is expected to generate
opportunities for market players. For instance, development of the friction
stir welding technology for the automotive sector, which helps avoid toxic
fumes and eliminates the use of solvents required for degreasing is further
expected to drive the market growth.
The global rise in demand for oil and natural gas and an
increase in exploration and production activities are expected to propel the
growth of the market over the forecast period. The growing acceptance of
advanced equipment, processes, and technologies among automakers are also
likely to propel the growth of the market in the near future. Furthermore, the
introduction of advanced and smarter automatic machines, which help companies
minimizes their dependency on manual labor, is expected to further drive the
welding equipment market in the near future.
Manufacturers are focusing on developing new technologies and
related education and training content, which can improve safety, quality, and
productivity of fusing processes across industries. For instance, in November
2018, Panasonic Industry Europe GmbH and DVS, a German welding industry
association, announced collaboration to train operators of automatic equipment
following industry guidelines. The training program helped the company to avoid
a shortage of expert and experienced resources.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/welding-equipment-market
https://www.grandviewresearch.com/industry-analysis/welding-equipment-market
Further key findings from the report suggest:
- In
terms of technology, the oxy-fuel segment is anticipated to witness
remarkable growth over the forecast period. This growth can be attributed
to its advantages such as its portable nature and low maintenance costs
- In
terms of equipment, the automatic segment is expected to emerge as the
fastest-growing segment over the next six years. Notable developments in
software, coupled with improved capabilities of robots to weld any kind of
material, is expected to strengthen the growth prospects of the segment
- The
marine application segment is anticipated to register significant growth
over the forecast period. The rise in international trade and commerce,
coupled with the growing trend of luxury cruising, is expected to boost
the growth prospects of the marine application segment over the forecast
period
- The
Asia Pacific regional market is expected to retain its dominance in the
market over the forecast period. The growth can be attributed to the
developments observed in the automotive sector, a notable rise in
industrial activities, and expanding construction and transportation
industries
- Prominent
industry participants include Illinois Tool Works Inc., ACRO Automation
Systems Inc., voestalpine Böhler Welding GmbH, Carl Cloos Schweisstechnik
GmbH, Panasonic Industry Europe GmbH, Air Liquide, Daihen Corporation, and
Coherent-ROFIN.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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