USD 5.68 billion Growth in Welding Equipment Market with 51% Contribution from APAC - Technavio

NEW YORK, Sept. 2, 2022 /PRNewswire/ -- The latest market analysis report titled Welding Equipment Market by End-user and Geography - Forecast and Analysis 2022-2026 has been added to Technavio's catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 7.17%. The analysts at Technavio have categorized the global welding equipment market as a part of the global industrial machinery market. Our report provides extensive information on the value chain analysis for the welding equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.  The emergence of friction stir welding technology in the automotive sector is one of the prominent factors influencing the market growth. In addition, the lack of a skilled workforce will be a major challenge for the welding equipment market during the forecast period.

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• End-user 
• Automotive: The welding equipment market share growth in the automotive segment will be significant during the forecast period. The automotive industry is a major revenue contributor to the global welding equipment market, owing to the high application of welding in the industry. Stringent requirement for quality and precision has led to an increased demand for automated welding in the automotive industry. Being an early adopter of automation, the automotive industry has been witnessing increased use of robotic welding in manufacturing operations.
• Construction
• Aerospace And Defense
• Shipbuilding
• Others
• Geography 
• APAC: 51% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for welding equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions. The several governments and public-private partnership (PPP) projects targeted toward the development of public infrastructure and utility infrastructure will facilitate the welding equipment market growth in APAC over the forecast period. 
• North America
• Europe
• South America
• Middle East And Africa

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The report also covers the following areas:

• Welding Equipment Market size
• Welding Equipment Market trends
• Welding Equipment Market industry analysis

The welding equipment market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. This statistical study of the welding equipment market encompasses successful business strategies deployed by the key vendors. The welding equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. To make the most of the opportunities and recover from the pandemic, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Top Welding Equipment Market Players Covered in this Report are:

• Ador Welding Ltd.
• AMADA Co. Ltd.
• Banner Welding Inc.
• Carl Cloos Schweisstechnik GmbH
• Colfax Corp.
• DAIHEN Corp.
• Doncasters Group Ltd.
• Fronius International GmbH
• Illinois Tool Works Inc.
• Kobe Steel Ltd.
• Kriton Weld Equipments Pvt. Ltd.
• Miller Electric LLC
• Mitco Weld Products Pvt. Ltd.
• Mogora Pvt. Ltd.
• OBARA Group Inc.
• Panasonic Corp.
• Sonics and Materials Inc.
• Telwin Spa
• The Lincoln Electric Co.
• voestalpine AG

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• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist welding equipment market growth during the next five years
• Estimation of the welding equipment market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the welding equipment market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of welding equipment market vendors

Ultrasonic Metal Welding Equipment Market by Application and Geography - Forecast and Analysis 2021-2025

Laser Welding Machine Market by Technology and Geography - Forecast and Analysis 2021-2025

Friction Welding Machine Market by End-user and Geography - Forecast and Analysis 2021-2025

Friction Stir Welding Equipment Market by End-user and Geography - Forecast and Analysis 2021-2025

Welding Fire Blankets Market by End-user and Geography - Forecast and Analysis 2021-2025

Arc Welding Robots Market by Product and Geography - Forecast and Analysis 2020-2024

Spot Welding Robots Market by End-user, Solution, and Geography - Forecast and Analysis 2020-2024

Welding Controllers Market by Type, End-user, and Geography - Forecast and Analysis 2020-2024

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Automotive - Market size and forecast 2021 - 2026
• Construction - Market size and forecast 2021 - 2026
• Aerospace and defense - Market size and forecast 2021 - 2026
• Shipbuilding - Market size and forecast 2021 - 2026
• Others - Market size and forecast 2021 - 2026
• Market opportunity by End-user

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2021 - 2026
• North America - Market size and forecast 2021 - 2026
• Europe - Market size and forecast 2021 - 2026
• South America - Market size and forecast 2021 - 2026
• MEA - Market size and forecast 2021 - 2026
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• AMADA Co. Ltd.
• Banner Welding Inc.
• Colfax Corp.
• Fronius International GmbH
• Illinois Tool Works Inc.
• Lincoln Electric Co.
• Miller Electric LLC
• OBARA Group Inc.
• Panasonic Corp.
• voestalpine AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning  50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio