Welding equipment market size is projected to reach USD 18.79 billion by 2026, with CAGR of 6.3% during the forecast period.
As Per the information published in a recent report by Fortune Business Insights, titled, “Welding Equipment MarketSize, Share and 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 and Construction, Heavy Engineering, Railway and Shipbuilding, and Others) and Regional Forecast, 2019-2026.”
The global welding equipment market size is projected to reachUSD 18.79 billionby 2026, thereby exhibiting a CAGR of 6.3% during the forecast period. However, the market size wasUSD 11.58 billionin 2018.
Highlights of the Report
Key Market Players
Fortune Business Insights lists out some of the most prominent companies operating in the welding equipment market. They are as follows:
Request A Sample Copy of Welding Equipment Market Report –
https://www.fortunebusinessinsights.com/enquiry/sample/welding-equipment-market-101713
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.
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?
Have Any Query? Ask Our Experts
Reasons to Purchase This Report:
• A detailed study of product launches of every marketing player, their market channels, tactics, and market growth.• The report helps to understand the key product segments and their future scope up to Five Decades.• The report allows readers and market players to understand market Size, Share, Trend, and Future Forecast.A• The Report Provide Deep analysis with region-specific assessments and competition analysis on a global and regional scale.
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.
AsiaPacific 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
2. By Industry
3. By Geography
Order Full Report –
https://www.fortunebusinessinsights.com/industry-reports/welding-equipment-market-101713
Table of Content –
1.Introduction1.1.Definition, By Segment1.2.Research Approach1.3.Sources2.Executive Summary3.Market Dynamics3.1.Drivers, Restraints and Opportunities3.2.Emerging Trends4.Key Insights4.1.Macro and Micro Economic Indicators4.2.Consolidated SWOT Analysis of Key Players4.3.Key Technological Developments4.4.Porter’s Five Forces Analysis5.Global Welding Wires Market Analysis, Insights and Forecast, 2015-20265.1.Key Findings / Summary5.2.Market Size Estimates and Forecasts5.2.1.By Type (Value)5.2.1.1.Metal Inert Gas (MIG) Wire5.2.1.2.Tungsten Inert Gas (TIG) Wire5.2.1.3.Others ( SAW Wire, etc.)5.2.2.By Industry (Value)5.2.2.1.Automotive5.2.2.2.Building and Construction5.2.2.3.Oil and Gas5.2.2.4.Others (Aerospace and Defence, etc.)5.2.3.By Geography (Value)5.2.3.1.North America5.2.3.2.Europe5.2.3.3.Asia Pacific5.2.3.4.Middle East and Africa5.2.3.5.Latin America6.North America Welding Wires Market Analysis, Insights and Forecast, 2015-20266.1.Key Findings / Summary6.2.Market Size Estimates and Forecasts6.2.1.By Type (Value)6.2.1.1.Metal Inert Gas (MIG) Wire6.2.1.2.Tungsten Inert Gas (TIG) Wire6.2.1.3.Others ( SAW Wire, etc.)6.2.2.By Industry (Value)6.2.2.1.Automotive6.2.2.2.Building and Construction6.2.2.3.Oil and Gas6.2.2.4.Others (Aerospace and Defence, etc.)6.2.3.By Country (Value)6.2.3.1.United States6.2.3.2.Canada7.Europe Welding Wires Market Analysis, Insights and Forecast, 2015-20267.1.Key Findings / Summary7.2.Market Size Estimates and Forecasts7.2.1.By Type (Value)7.2.1.1.Metal Inert Gas (MIG) Wire7.2.1.2.Tungsten Inert Gas (TIG) Wire7.2.1.3.Others ( SAW Wire, etc.)7.2.2.By Industry (Value)7.2.2.1.Automotive7.2.2.2.Building and Construction7.2.2.3.Oil and Gas7.2.2.4.Others (Aerospace and Defence, etc.)7.2.3.By Country (Value)7.2.3.1.Germany7.2.3.2.UK7.2.3.3.Italy7.2.3.4.France7.2.3.5.Rest of Europe8.Asia Pacific Welding Wires Market Analysis, Insights and Forecast, 2015-20268.1.Key Findings / Summary1.Market Size Estimates and Forecasts1.By Type (Value)1.Metal Inert Gas (MIG) Wire2.Tungsten Inert Gas (TIG) Wire3.Others ( SAW Wire, etc.)2.By Industry (Value)1.Automotive2.Building and Construction3.Oil and Gas4.Others (Aerospace and Defence, etc.)3.By Country (Value)1.China2.Japan3.India4.Rest of Asia Pacific
TOC Continued…!!!
View Related Reports:
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
Please visit:https://www.fortunebusinessinsights.com/enquiry/covid19-impact/welding-equipment-market-101713
About us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.Phone:US :+1 424 253 0390UK : +44 2071 939123APAC : +91 744 740 1245Email:sales@fortunebusinessinsights.com
Website:Fortune Business Insights™
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Welding Equipment Market Size, Share and Statistics | Forecast – 2026