What's driving the Welding Equipment Market Growth? Top Players : KOBE STEEL, LTD., Miller Electric Mfg. LLC, The Lincoln Electric Company, Panasonic Industry Europe GmbH, ESAB, ACRO Automation Systems Inc.Denyo,voestalpine Bohler Welding GmbH

As Per the information published in a recent report by Fortune Business Insights, titled, "Welding Equipment Market Size, Share & Industry Analysis, By Technology (Arc Welding, Resistance Spot Welding, MIG/TIG Welding, Laser Beam Welding, and Others), By Automation Type (Automatic, Semi-Automatic, and Manual), By Application (Automotive, Building & Construction, Heavy Engineering, Railway & Shipbuilding, and Others) and Regional Forecast, 2019-2026."

The global welding equipment market size is projected to reach USD 18.79 billion by 2026, thereby exhibiting a CAGR of 6.3% during the forecast period. However, the market size was USD 11.58 billion in 2018.

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Highlights of the Report

Significant insights into the welding equipment market trends, growth drivers, hindrances, opportunities, and challenges.
Market strategies that are being adopted by key market players.
Comprehensive details about the future prospects and outlook of the market.
In-depth information about the competitive landscape.
Arc Welding Segment to Lead Owing to its Cost-effective Nature

In terms of technology, the market is segregated into resistance spot welding, laser beam welding, arc welding, MIG/TIG welding, and others. Out of these, the arc welding segment is anticipated to exhibit immense growth owing to its cost-effective nature. Also, it provides a smooth and flexible welding process that is implemented across several industries. It is mainly used to fabricate steel in the automobile and construction sectors. Resistance spot welding will grow remarkably on account of innovative welding of metal sheets possessing low-allow components and robust strength. Apart from these segments, the MIG/ TIG welding is likely to grow moderately. It is necessary to weld a variety of medium or high range of nickel alloys, aluminum, and steel.

Key Market Players

Fortune Business Insights lists out some of the most prominent companies operating in the welding equipment market. They are as follows:

KOBE STEEL, LTD.
Miller Electric Mfg. LLC
The Lincoln Electric Company
Panasonic Industry Europe GmbH
ESAB
ACRO Automation Systems Inc.
Denyo
voestalpine Bohler Welding GmbH
Air Liquide
Ador Welding Ltd.
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ESAB Launches Innovative Versotrac EWT 1000 Portable Welding Equipment

ESAB, a producer of standard welding equipment, headquartered in Sweden, unveiled its new product Versotrac EWT 1000. It is considered to be one of the most user-friendly and versatile tractors for carbon arc gouging, MIG/MAG, and submerged arc welding available in the market. The company's modularized and rugged components can be turned into smaller units by disassembling. They can be hence, carried to the remote venues in confinement. They can be reassembled in minutes without the usage of tools.

Asia Pacific to Dominate: Increasing Development of Manufacturing Industry to Favor Growth

The market can be geographically fragmented into Europe, the Middle East and Africa, North America, Asia Pacific, and Latin America. Amongst these, Asia Pacific had generated USD 3.99 billion welding equipment market share in 2018. In India and China, the manufacturing industry is developing day by day owing to the rising government initiatives to bolster the development of the sector. The government of India, for instance, has launched the 'Make in India' awareness program to promote the growth of the manufacturing industry. Europe, on the other hand, will exhibit notable growth owing to the increasing expansion of the automotive industry. In North America, the swiftly developing building and construction sector in Canada and the U.S. would result in market growth.

Market Segmentation Of Welding Equipment Market -

1. By Type
Metal Inert Gas (MIG) Wire
Tungsten Inert Gas (TIG) Wire
Others (SAW Wires, etc.)

2. By Industry
Automotive
Building & Construction
Oil & Gas
Others (Aerospace & Defence)

3. By Geography
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, and Rest of Europe)
Asia Pacific (Japan, China, India, and Rest of Asia Pacific)

Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America)

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Table of Content -

1.Introduction
1.1.Definition, By Segment
1.2.Research Approach
1.3.Sources
2.Executive Summary
3.Market Dynamics
3.1.Drivers, Restraints and Opportunities
3.2.Emerging Trends
4.Key Insights
4.1.Macro and Micro Economic Indicators
4.2.Consolidated SWOT Analysis of Key Players
4.3.Key Technological Developments
4.4.Porter's Five Forces Analysis
5.Global Welding Wires Market Analysis, Insights and Forecast, 2015-2026
5.1.Key Findings / Summary
5.2.Market Size Estimates and Forecasts
5.2.1.By Type (Value)
5.2.1.1.Metal Inert Gas (MIG) Wire
5.2.1.2.Tungsten Inert Gas (TIG) Wire
5.2.1.3.Others ( SAW Wire, etc.)
5.2.2.By Industry (Value)
5.2.2.1.Automotive
5.2.2.2.Building & Construction
5.2.2.3.Oil & Gas
5.2.2.4.Others (Aerospace & Defence, etc.)
5.2.3.By Geography (Value)
5.2.3.1.North America
5.2.3.2.Europe
5.2.3.3.Asia Pacific
5.2.3.4.Middle East and Africa
5.2.3.5.Latin America
6.North America Welding Wires Market Analysis, Insights and Forecast, 2015-2026
6.1.Key Findings / Summary
6.2.Market Size Estimates and Forecasts
6.2.1.By Type (Value)
6.2.1.1.Metal Inert Gas (MIG) Wire
6.2.1.2.Tungsten Inert Gas (TIG) Wire
6.2.1.3.Others ( SAW Wire, etc.)
6.2.2.By Industry (Value)
6.2.2.1.Automotive
6.2.2.2.Building & Construction
6.2.2.3.Oil & Gas
6.2.2.4.Others (Aerospace & Defence, etc.)
6.2.3.By Country (Value)
6.2.3.1.United States
6.2.3.2.Canada
7.Europe Welding Wires Market Analysis, Insights and Forecast, 2015-2026
7.1.Key Findings / Summary
7.2.Market Size Estimates and Forecasts
7.2.1.By Type (Value)
7.2.1.1.Metal Inert Gas (MIG) Wire
7.2.1.2.Tungsten Inert Gas (TIG) Wire
7.2.1.3.Others ( SAW Wire, etc.)
7.2.2.By Industry (Value)
7.2.2.1.Automotive
7.2.2.2.Building & Construction
7.2.2.3.Oil & Gas
7.2.2.4.Others (Aerospace & Defence, etc.)
7.2.3.By Country (Value)
7.2.3.1.Germany
7.2.3.2.UK
7.2.3.3.Italy
7.2.3.4.France
7.2.3.5.Rest of Europe
8.Asia Pacific Welding Wires Market Analysis, Insights and Forecast, 2015-2026
8.1.Key Findings / Summary
1.Market Size Estimates and Forecasts
1.By Type (Value)
1.Metal Inert Gas (MIG) Wire
2.Tungsten Inert Gas (TIG) Wire
3.Others ( SAW Wire, etc.)
2.By Industry (Value)
1.Automotive
2.Building & Construction
3.Oil & Gas
4.Others (Aerospace & Defence, etc.)
3.By Country (Value)
1.China
2.Japan
3.India
4.Rest of Asia Pacific

TOC Continued...!!

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