Global Welding Equipment Market 2024-2028

Global Welding Equipment Market 2024-2028

Welding Equipment Market 2024-2028

The welding equipment market is forecasted to grow by USD 4724.9 mn during 2023-2028, accelerating at a CAGR of 6.1% during the forecast period. The report on the welding equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by emergence of friction stir welding technology in automotive sector, increasing demand for wind farms, and emergence of laser welding equipment.

Technavio's welding equipment market is segmented as below:

By End-user

• Automotive
• Construction
• Aerospace and defense
• Shipbuilding
• Others

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the increasing adoption of automated solutions for welding as one of the prime reasons driving the welding equipment market growth during the next few years. Also, increased use of welding information management systems and use of additive manufacturing in industries will lead to sizable demand in the market.

The report on the welding equipment market covers the following areas:

• Welding Equipment Market sizing
• Welding Equipment Market forecast
• Welding Equipment Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading welding equipment market vendors that include Ador Welding Ltd., Amada Co. Ltd., Banner Welding Inc., Carl Cloos Schweisstechnik GmbH, Daihen Corp., Doncasters Group Ltd., Enovis Corp., Fronius International GmbH, Illinois Tool Works Inc., Kobe Steel Ltd., Kriton Weld Equipments Pvt. Ltd., Miller Electric Manufacturing Co., Mitco Weld Products Pvt. Ltd., Mogora Pvt. Ltd., OBARA Group Inc., Panasonic Holdings Corp., Sonics and Materials Inc., Telwin Spa, The Lincoln Electric Co., and voestalpine AG. Also, the welding equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.