Welding is a fabrication or sculptural technique used for the purpose of joining metals or thermoplastics. It is a cost efficient and effective technique of creating bonds between two or more parts. Flux and fillers are called welding equipment used to create joints. Filler melts during the process of welding to create joint and flux acts as a deoxidizer preventing the weld against formation of any porosity. Welding equipment are made up of Steel, aluminum, copper, ilmenite, nickel, and rutile.
The "Global Welding Equipment Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the welding equipment market with detailed market segmentation by type, end-user, and geography. The report provides key statistics on the market status of the leading welding equipment market players and offers key trends and opportunities in the market.
- Based on type, the global welding equipment market is segmented into arc welding, resistance welding, oxyfuel welding, ultrasonic welding, and others.
- On the basis of end-user, the market is segmented into aerospace, automotive and transport, construction, power generation, oil and gas, and others.
- The growing welding equipment market is driven by significant driving factors such as rise upsurge in global steel consumption, construction and infrastructure, automobile and transportation, marine, power generation, oil and gas etc.
- The increasing trend of new designs in construction and automobile sector, and retrofitting is further increasing the demand.
- Rapid industrialization and urbanization are expected to boost the welding equipment market.
- Slow adoption of welding technology is hindering the growth of market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The welding equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the welding equipment market in these regions.
IMPACT OF COVID-19 ON WELDING EQUIPMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the welding equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from welding equipment market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the welding equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Air Liquide S.A.
- Arcon Welding Equipment LLC.
- Denyo Co. Ltd.
- Fronius International GmbH
- Illinois Tool Works Inc.
- Kemppi Oy.
- Obara Corporation
- Panasonic Corporation
- The Lincoln Electric Company
- Tianjin Bridge Welding Materials Co. Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.