Welding Equipment Market is estimated to be US$ 23.24 billion by 2030 with a CAGR of 6.1% during the forecast period
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Welding Equipment Market accounted for US$ 12.91 billion in 2020 and is estimated to be US$ 23.24 billion by 2030 and is anticipated to register a CAGR of 6.1%. Welding is the most widely used joining method, with applications in industries as diverse as automotive, aerospace, medical, consumer electronics, construction, and oil and gas. To distinguish between the various welding procedures, the type of energy deposition is critical. Trade between developed countries is dwindling, and many emerging markets are vying for market space to sell their industrial goods. Welding procedures are used to make the majority of these industrial items. Equipment, consumables, and services are all part of the welding sector. Welding methods are heavily used in the industrial sector to combine manufactured objects.
The report " Global Welding Equipment Market, By Technology (Arc Welding, Oxy-fuel Welding, Resistance Welding, Laser Beam Welding, and Others), By End User (Building & Construction, Automotive & Transportation, Marine sector, Oil & Gas, Aerospace & Defence, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’
Key Highlights:
Analyst View:
Specialized welding methods, such as hot-air laser welding equipment, are likely to become more widespread in the future, especially for covering materials made of plastic and textile. Because of the expanding population, the welding equipment market is predicted to rise at a rapid pace as the world pushes toward industrialization. However, the market's growth is projected to be limited by a lack of suitable regulations and structural integrity difficulties with traditional welding procedures. Furthermore, welding applications necessitate a workforce with particular skill sets, and the manufacturing industry is expected to face labour shortages.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Welding Equipment Market, By Technology (Arc Welding, Oxy-fuel Welding, Resistance Welding, Laser Beam Welding, and Others), By End User (Building & Construction, Automotive & Transportation, Marine sector, Oil & Gas, Aerospace & Defence, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029”
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Key Market Insights from the report:
Global Welding Equipment Market accounted for US$ 12.91 billion in 2020 and is estimated to be US$ 23.24 billion by 2030 and is anticipated to register a CAGR of 6.1%. The global welding equipment market report segments the market on the basis of technology, end user, and region.
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Competitive Landscape & their strategies of Global Welding Equipment Market:
Key players in the global welding equipment market includes, Daihen Corporation, Air Liquide SA, Bohler Thyssen Welding USA Inc., Panasonic Welding Systems Co. Ltd., Rofin-Sinar Technologies Inc., ARCON Welding, LLC, Carl Cloos Schweisstechnik GmbH, ACRO Automation Systems, Illinois Tool Works Inc., and Banner Welder Inc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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