Welding Equipment Market by End-user and Geography - Forecast and Analysis 2021-2025
- Published: Sep 2021
- Pages: 120
- SKU: IRTNTR40473
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The welding equipment market has the potential to grow by USD 4.37 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.58%.
This welding equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (automotive, construction, aerospace and defense, shipbuilding, and others) and geography (APAC, North America, Europe, South America, and MEA). The welding equipment market report also offers information on several market vendors, including AMADA Co. Ltd., Banner Welding Inc., Colfax Corp., Fronius International GmbH, Illinois Tool Works Inc., Lincoln Electric Co., Miller Electric LLC, OBARA Group Inc., Panasonic Corp., and voestalpine AG among others.
What will the Welding Equipment Market Size be in 2021?
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Welding Equipment Market: Key Drivers and Trends
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The emergence of friction stir welding technology in the automotive sector is notably driving the welding equipment market growth, although factors such as lack of skilled workforce may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the welding equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
This welding equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Welding Equipment Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AMADA Co. Ltd.
- Banner Welding Inc.
- Colfax Corp.
- Fronius International GmbH
- Illinois Tool Works Inc.
- Lincoln Electric Co.
- Miller Electric LLC
- OBARA Group Inc.
- Panasonic Corp.
- voestalpine AG
This statistical study of the welding equipment market encompasses successful business strategies deployed by the key vendors. The welding equipment market is fragmented and the vendors are deploying growth strategies such as M&As and strategic partnerships to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The welding equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Welding Equipment Market?
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51% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for welding equipment in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The growth in end-user industries such as automotive, construction, and power will facilitate the welding equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating End-user Segments in the Welding Equipment Market?
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The welding equipment market share growth by the automotive segment will be significant during the forecast period. The automotive industry is a major revenue contributor to the global welding equipment market, owing to the high application of welding in the industry. Stringent requirement for quality and precision has led to an increased demand for automated welding in the automotive industry.
This report provides an accurate prediction of the contribution of all the segments to the growth of the welding equipment market size and actionable market insights on post COVID-19 impact on each segment.
What are the Key Factors Covered in this Welding Equipment Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive welding equipment market growth during the next five years
- Precise estimation of the welding equipment market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the welding equipment industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of welding equipment market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Emergence of friction stir welding technology in automotive sector
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