Massively expanding construction and railway & shipbuilding verticals are driving the market for welding equipment. Multiple technologies are being employed – like AI-based robotic welding machines, which simplify the welding process for end-users. Also, growing demand for thick and heavy metal parts, that too, with higher tensile strength, is another factor driving the welding equipment market. Persistence Market Research has walked through these facts with insights in its latest market study entitled “Welding Equipment Market”.
How is the Welding Equipment Market categorized?
The global welding equipment market, by technology, spans resistance welding, arc welding, oxyfuel welding, laser beam welding, and likewise. By equipment, it’s automatic, semi-automatic, and manual. By end-use, it’s automotive, aerospace, building & construction, energy, oil & gas, marine, and likewise. Persistence Market Research has mentioned these developments with prospects in its latest market study entitled “Welding Equipment Market”.
Europe holds the largest market share. This could be attributed to an ever-increasing demand for varied welding equipment from transportation, electronics, automotive, construction, and heavy machinery verticals. Also, there has been an influx of energy-efficient robotic equipment in the last few years. North America is going steady concerning the welding equipment market. However, the Asia-Pacific is expected to grow at the fastest rate in the welding equipment market due to growing foreign investments in the oil & gas sector, aerospace, and heavy machinery. Persistence Market Research has etched these findings with insights in its latest market study entitled “Welding Equipment Market”.
Persistence Market Research has profiled the key players in the welding equipment market as Daihen Corporation, The Lincoln Electric Company, Colfax Corporation, Fronius International GmbH, Arcon Welding Equipment, Obara Corporation, Panasonic Corporation, voestalpine AG, Rofin-Sinar Technologies, Sonics and Materials, Inc., Amada Miyachi, Inc., Nelson Stud Welding (Doncasters Group, Ltd.), Illinois Tool Works, Inc., and likewise.
Persistence Market Research has also mentioned the key developments on this count. For instance – Lincoln Electric, in November 2019, did introduce POWER MIG 360MP welder. It’s a simple-to-use interface having advanced welding features. This equipment caters to auto-body repair and maintenance metal fabrication, and light industrial applications. ESAB, in November 2018, tabled a user-friendly and multipurpose welder termed as “Versotrac” for MIG/MAG carbon arc welding, and arc welding at FABTECH (Atlanta). Structural steel applications get addressed with this laser beam welding process.
The Road Ahead
The global welding equipment market is all set to grow on a gracious note in the next 10 years – Persistence Market Research