Welding Equipment Market, by Level of Automation (Manual, Semi-Automatic, and Automatic), by Welding Technology (Arc Welding, Resistance Welding, Oxy-Fuel Welding, Laser Beam Welding, and Others), by Application (Automobile & Transportation, Building & Construction, Marine Application, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Welding equipment is used to join two or more materials permanently, by using metals or thermoplastics. There are several types of welding processes such as electric arcs, gas flames, electron beams, electric resistance, friction, electron beams, lasers, ultrasound, and molten metal baths. Further, welding equipment primarily used in application such as automobile & transportation, building & construction, marine application, and others. On the basis of welding technique, the market is segmented as laser-beam welding, oxy-fuel welding, resistance welding, arc welding, and others. On the basis of welding technology, the market is segmented into resistance welding, arc welding, oxy-fuel welding, laser beam welding, and others.
Market Dynamics
Rampant growth of mining and fabrication industries is expected to drive the global welding equipment market growth during the forecast period. For instance, in September 2018, PTS Welding, a welding equipment supplier launched a comprehensive range of product such as welding, cutting and gas products and services for the mining and fabrication industries at Electra Mining Africa show.
Furthermore, development of innovative welding machines for various end-use applications is expected to boost the global welding equipment market growth during the forecast period. In July 2019, Pressure Welding Machines Ltd, a manufacturer of cold pressure welding equipment introduced comprehensive welding machines such as three hand-held machines, heavy-duty M101 machine, the smaller BM10 and BM30 models at wire Southeast Asia.
However, unavailability of trained and skilled labor force in emerging economies such as South Africa, India, and China is expected to hamper the market growth over the forecast period.
Market Taxonomy
This report segments the global welding equipment market on the basis of level of automation, welding technology, and application. On the basis of level of automation, the global welding equipment market is segmented into Manual, Semi-Automatic, and Automatic, On the basis of welding technology, the market is segmented into Arc Welding, Resistance Welding, Oxy-Fuel Welding, Laser Beam Welding, and Others, On the basis of application, the market is segmented into (Automobile & Transportation, Building & Construction, Marine Application, and Others).
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