The global oxy-fuel welding equipment market is anticipated to have a moderate 6.4% CAGR, capturing a revenue share of US$ 1474.6 million in 2022, to reach US$ 2734.5 million by 2032.
Manufacturers of oxy-fuel welding equipment are currently more concerned with creating individual pieces than independent systems due to lower costs and simpler assembly. Concurrently, the welding process can be performed with or without the use of filler material. Demand for oxyfuel welding is frequently high in application locations where electrical power availability is a constraint.
The rising need for welding automation in fabrication is expected to be a key market trend for oxyfuel welding equipment. Because of a scarcity of qualified workers in the area, oxy-fuel welding equipment is increasingly being used in the manufacturing and fabrication processes of developed countries.
Additionally, to lessen their reliance on labor, big businesses in industrialized nations are implementing technology like oxyfuel welding equipment. Welding automation is anticipated to become popular as the demand for efficient fabrication and rising labor prices increase.
Small repair businesses managed by one or two welders lead to higher demand for oxyfuel welding equipment due to lower initial costs and the ability to weld a wide range of materials. This has broadened its appeal and contributed to the growth of the oxy-fuel welding equipment market share.
Another factor driving the oxy-fuel welding equipment market is the lack of need for power to begin the welding process. Oxy-fuel welding is the least complicated and requires the least amount of setup of any welding procedure.
The recent explosive growth of the automobile industry has significantly increased the demand for oxyfuel welding equipment. The oil and gas industry is the largest end-use industry for welding tools, supplies, and consumables. Shortly, oxy-fuel welding equipment will be available.
Key Players:
- Illinois Tool Works Inc.
- Koike Aronson, Inc.
- Colfax Corporation
- The Eastwood Company
- American Torch Tip Company
- Quality Components Co. Inc.
- Rexarc International, Inc.
- Detroit Torch & Mfg. Co.
- Flame Technologies, Inc.
- Rotarex S.A.
- Uniweld Products, Inc.
- Tewelding Engineers
