According to the report, “Welding Equipment Market Size, Share And Trends Analysis Report By Technology (Arc Welding, Resistance Welding), By Equipment, By End-use, By Region, And Segment Forecasts, 2019 – 2025”, the growing demand for welding equipment across applications such as shipbuilding, offshore exploration, oil & gas, aerospace, automotive, construction, and energy. The shift in consumer preference from manual machines to automated machines is fueling the demand for this equipment.
The steady expansion of these industries in the past few years, coupled with their promising future growth prospects, is expected to continue to drive the overall demand for this equipment during the forecast period. A notable rise in infrastructure development projects globally, especially as countries focus on the expansion of renewable energy capacity, is leading to an increased demand for services such as wind turbine installation. This trend is expected to work well for the demand for fusing equipment in the following years.
Technological advancements and the increased use of advanced equipment in the construction and manufacturing sectors globally is likely to drive the demand for welding equipment. Also, the constant need for maintenance and repair of existing applications to ensure efficient operations across various end-use industries could further propel the demand for this equipment
Welding Equipment Market Report Highlights:
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
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Grand View Research has segmented the global welding equipment market on the basis of technology, equipment, end-use, and region:
Welding Equipment Technology Outlook (Revenue, USD Million, 2014 – 2025)
Laser Beam Welding
Welding Equipment Outlook (Revenue, USD Million, 2014 – 2025)
Welding Equipment End-use Outlook (Revenue, USD Million, 2014 – 2025)
Building & Construction
Oil & Gas
Welding Equipment Regional Outlook (Revenue, USD Million, 2014 – 2025)
Middle East & Africa (MEA)
List of Key Players for Welding Equipment Market:
Illinois Tool Works Inc.,
ACRO Automation Systems Inc.,
Voestalpine Böhler Welding GmbH
Carl Cloos Schweisstechnik GmbH
Panasonic Industry Europe GmbH
Air Liquide, Daihen Corporation
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