DUBLIN--(BUSINESS WIRE)--The "Welding Machinery - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Welding Machinery estimated at US$14.1 Billion in the year 2020, is projected to reach a revised size of US$20.8 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027.
Arc Welding, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$8.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Oxy-Fuel Welding segment is readjusted to a revised 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 8.9% CAGR
The Welding Machinery market in the U.S. is estimated at US$3.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$4.4 Billion by the year 2027 trailing a CAGR of 8.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Resistance Welding Segment to Record 5.4% CAGR
In the global Resistance Welding segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.8 Billion by the year 2027, while Latin America will expand at a 6.6% CAGR through the analysis period.
Select Competitors (Total 382 Featured) -
- ACRO Automation Systems, Inc.
- Carl Cloos Schweisstechnik GmbH
- Coherent, Inc.
- Daihen Corporation
- Denyo Co., Ltd.
- ESAB
- Fronius International GmbH
- IDEAL-Werk
- IGM Robotersysteme AG
- Illinois Tool Works, Inc.
- Hobart Brothers LLC
- Miller Electric Mfg. LLC
- Kemppi Oy
- Kiefel GmbH
- Kobe Steel, Ltd.
- KUKA AG
- Manufacturing Technology, Inc.
- Panasonic Corporation
- Sonics & Materials, Inc.
- The Lincoln Electric Company
- Tianjin Bridge Welding Materials Group Co., Ltd.
- voestalpine Bohler Welding Group GmbH
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
- Progress on Vaccinations: Why Should Businesses Care?
- Welding Equipment Industry to Recuperate Losses after COVID-19 Setback
- Competitive Scenario
- Competitive Market Presence - Strong/Active/Niche/Trivial for 380 Players Worldwide in 2022 (E)
- An Introductory Prelude to Welding Machinery
- Global Market Prospects & Outlook
- Growth Drivers
- Select Product Segments: A Review
- Developed Nations Make Way for Emerging Markets
- Asian Markets: An Impregnable Turf for International Giants
- Anticipated Stable Economic Scenario to Extend Growth Opportunities
- Welding Machinery: Product Overview
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Emerging Welding Technology Trends: Key Insights into 2022
- Diverse Challenges Encountered by Welding Companies & Relevant Answers
- Innovations Galore!
- SpeedCore System Emerges to Replace Reinforced Concrete Core System, PAUT Offers Advantages
- Select Latest Innovations
- Laser Welding: A Fast Emerging Trend
- Ample Room for Future Growth of Global Arc Welding Equipment Market
- Use of Collaborative Welding Systems and Adaptive Controls on the Rise
- Automated Welding Offers Significant Potential
- Robotic Welding Systems Offer Various Benefits
- Novarc Technologies' Collaborative Robot Powered by AI and Machine Vision Technologies to Improve Quality Consistency in Welding
- Deployment of Robotic Welding Systems based on Advanced Technologies to Become Easier in the Future
- John Deere in Association with Intel Develops a System with Machine Vison and Neural Network AI Algorithm for Improved Defect Detection
- Solid Wires Replacing Stick Electrodes
- Adhesives Reduce Need for Welding
- User Friendly Equipment: Order of the Day
- Rising Demand for Aluminum Welding Equipment
- Measures to Overcome Issues with Aluminum Welding
- Advances in TIG Welding Offer Growth Opportunities
- FCAW Gains Acceptance
- Hybrid Welding Technology to Drive Growth
- Plastics Welding Sidelines Metal Welding
- Maintenance & Repair Projects to Drive Demand
- Increased Emphasis on Improving Welding Process
- Favorable HSAW Pipes Market Signals Opportunities
- Steel Production & Consumption: Key Indicators of Welding Market Dynamics
- Hit by COVID-19 Outbreak, Steel Industry & Demand Speedily Returning to Normalcy: The Current Scenario
- Regional Recovery Scenario
- Healthy Prospects for Steel Industry in Developing Countries
- An Overview of End-Use Segments
- Construction Sector Remains Prominent Consumer
- Oil & Gas: Rise in Pipeline Projects Signals Growth Avenues for Welding Equipment
- Pipeline Investments to Soar Post-Pandemic
- Changing Energy Mix Set to Influence Market Prospects
- Pipeline Operating Conditions Determine Welding Equipment Usage
- Welded Line Pipe Makes Inroads
- Pure Welds Achieved for Interiors of Crude Oil Pipes Using Oxygen Sensors
- Power Generation
- Wind Energy
- Nuclear Power Plants
- Automotive Manufacturing
- Railroad Industry
- Heavy Fabrication
- Shipbuilding
- New Welding Technologies Seek Role in Shipbuilding Programs
- ESAB's Welding Systems Equipped with WeldCloud
- Orbital Welding Systems for Precision Welds for Semiconductor and Biopharmaceutical Industries
- New Technology Improves Capabilities of Orbital Welding Systems for Improved Manufacturing
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/7p6tvu
