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Engine Driven Welders incorporate a gasoline, diesel, or propane fueled engine coupled to an electrical generator to produce power for Stick, TIG, MIG and Flux-Cored welding. Engine driven welders are typically transported on a truck or trailer and are primarily used outdoors. The electricity generated by an engine driven welder powers fans, pumps, air compressors or other electrical tools commonly found on jobsites. During power outages, an engine driven welder can also be used as a backup generator.
In the coming years there is an increasing demand for Engine-Driven Welders in the regions of North America and Europe that is expected to drive the market for more advanced Engine-Driven Welders. Growth in government budgets in the principal countries, increasing of construction fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Engine-Driven Welders will drive growth in North America and Europe markets.
Globally, the Engine-Driven Welders industry market is concentrated as the manufacturing technology of Engine-Driven Welders is relatively matures than some high-tech equipment. And some enterprises, like Lincoln Electric, Miller, ESAB, etc. are well-known for the wonderful performance of their Engine-Driven Welders and related services. At the same time, North America, occupied 38.03% production market share in 2017, is remarkable in the global Engine-Driven Welders industry because of their market share and technology status of Engine-Driven Welders.
The consumption volume of Engine-Driven Welders is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Engine-Driven Welders industry may not keep that fast. But it is surely forecasted that the market of Engine-Driven Welders is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Engine-Driven Welders market to approach these areas. Our analysis of the Engine-Driven Welders market indicated that North America would account for the highest sales in 2023 with close to 30 percent of global sales coming from this region, but Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
Although the market competition of Engine-Driven Welders is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Engine-Driven Welders and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
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