Global Welding Equipment Market: Overview
In recent years, there is noteworthy growth in the use of different welding equipment for numerous applications. This includes numerous activities such as offshore exploration, shipbuilding, aerospace, oil and gas, construction, energy, and automotive. Thus, promising growth of all these industries is foreseen to result into upward curve of revenues in the global welding equipment market during the tenure of 2019 to 2029.
The upcoming research report by TMRR on the global welding equipment market intends to offer key insights of this market. Thus, the report covers important data on drivers, restraints, and challenges in this market. This aside, the study sheds light on potential growth avenues in the market for welding equipment during the assessment period 2019–2029.
The welding equipment market is bifurcated on the basis of numerous important parameters including end use, technology, equipment, and region. Based on technology, the market for welding equipment is classified into oxy-fuel welding, arc welding, laser beam welding, and resistance welding.
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Global Welding Equipment Market: Growth Dynamics
In recent years, the industrial sector across the globe is experiencing shift in consumer preference. Many organizations in the world are inclined toward the use of automated machines instead of manual machines. This is one of the key factors boosting demand for welding equipment. Thus, increased demand for these equipment is foreseen to work as a driver for the expansion of the global welding equipment market in the forthcoming years.
Various companies working in the welding equipment market are growing focus on the launch of technologically advanced product. Apart from this, some vendors are spending substantial amount of money on research activities. Main motive of this move is advancing the quality of their products. These advanced products are helping end-use industries to achieve quality, productivity, and safety. Owing to all these factors, the global welding equipment market is likely to gather promising amount of money in the form of revenues during the assessment period of 2019 to 2029.
Global Welding Equipment Market: Notable Development and Competitive Analysis
Major players working in the global welding equipment market are using various strategic moves such as mergers and acquisition activities to gain prominent market position. A case in point here is recent announcement by voestalpine Böhler Welding. The firm stated that it has completed the acquisition of Selco s.r.l., which is an Italian company engaged in the manufacturing of welding machines. This acquisition is projected to help voestalpine Böhler Welding to maintain its prominent position in the global welding equipment market during the forthcoming years.
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The report profiles following important players working in the global welding equipment market:
- Banner Welding Inc.
- ARCON Welding Equipment
- Carl Cloos Schweisstechnik GmbH
- voestalpine Böhler Welding GmbH
- Illinois Tool Works Inc.
- Daihen Corporation
- Panasonic Industry Europe GmbH
Global Welding Equipment Market: Regional Assessment
The global welding equipment market shows presence in many regions such as North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Of them, Europe is one of the prominent regions in the market for welding equipment. One of the key reasons attributed to this growth includes noteworthy increase in demand for a wide range of welding equipment from various end-use industries such as electronics, automotive, heavy machinery, construction, and transportation in the region.
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