Statistical Analysis of the Global Arc Welding Equipment Market
The global arc welding equipment market generated $ billion in 2013, witnessing a year-on-year (YOY) growth of %.
The growth is predominantly expected to be sustained by the demand from Asia-Pacific (APAC) and South America, while economic uncertainty in Europe and slow recovery of the industrial sector in the United States are expected to result in restrained growth over the forecast period.
While automated welding solutions have witnessed an increased demand in the developed economies, shielded metallic arc welding (SMAW) equipment still finds extensive use in emerging economies, where availability of labour force supports this trend.
The energy sector is likely to continue to be instrumental in the growth of arc welding equipment, particularly in the Middle East, Southeast Asia, and Africa.
Price continues to be a key factor influencing buyer decisions. Product selection, coupled with increasing price of raw materials such as steel, is likely to lead to competitive pricing strategies among vendors.
The global arc welding equipment market is expected to expand at a compound annual growth rate (CAGR) of% from 2013 to 2020 to generate a revenue of $ billion in 2020.
About this report
This research service analyses the current trends in the global arc welding market. It discusses the different types of welding such as shielded metallic arc welding (SMAW), gas metallic arc welding (GMAW), flux-cored arc welding (FCAW), and submerged arc welding (SAW). The market drivers and restraints, along with their impact over a time period, have been discussed. Market estimates in terms of end-users, geography, and product segments have also been provided. A comprehensive analysis of the revenue and unit shipment forecast has been provided in the research service similar to a fact book.
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