Press release
Welding Equipment Market| Top Companies | Regional Scope, Segment Growth, Revenue Statistics | Industry Share Forecast
The global welding equipment market size was USD 11.58 billion in 2018 and is projected to reach USD 18.79 billion by 2026, exhibiting a CAGR of 6.3 % during the forecast period
The welding machine is generally utilized for the fabrication of two or more materials. These machines are used in several industries, including automotive, construction & building, heavy machinery, and oil & gas, etc.
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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.
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.
The Report Covers the Following, Major Points Precisely:
Top Players That Are Operating in the Global Market
• Market Segmentation
• Regional Analysis
• Deep Insights into the Market with Detailed Table of Content and Figures
• Global Market Predictions for Five Decades.
The growing demand for welding equipment in several industries, such as railway & shipbuilding and construction to perform several fabrication operations is driving the welding machine market growth. The increasing investments in R&D activities to introduce new welding technologies will add up to the surging product demand. For instance, in November 2017, Miller Electric announced the launch of its new portable solution for multi-process welding. The machine uses high frequency (HF) on starts to eliminate HF interference issues during welding. Additionally, the equipment allows operators to make precision adjustments using all-digital controls.
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Implementation of multiple technologies, such as remote control and AI-based robotic welding machine make the welding process easier for the operators, meeting the quality and production demands of the manufacturers. It is becoming a key welding machine market trend. This trend is likely to remain robust as a large number of emerging players are being interested in investing in the development of automatic welding equipment. Increasing adoption of heavy and thick metal parts with high-tensile strength and their rising demand in construction, heavy engineering, and automotive industry are also expected to drive the demand for welding equipment over the forecast period.
Key Questions Answered:
What are the key technological and trends shaping the market?
• What are the key opportunities in the market?
• What are the key companies operating in the market?
• Which company accounted for the highest market share?
• Why Choose Fortune Business Insights?
• What is the market size and growth rate of the global and regional market by various segments?
• What is the market size and growth rate of the market for selective countries?
• Which region or sub-segment is expected to drive the market in the forecast period?
• What Factors are estimated to drive and restrain the Market growth?
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.
Market Segmentation Of Welding Equipment Market -
By Type
Metal Inert Gas (MIG) Wire
Tungsten Inert Gas (TIG) Wire
Others (SAW Wires, etc.)
By Industry
Automotive
Building & Construction
Oil & Gas
Others (Aerospace & Defence)
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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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.
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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