According to the latest market research study by Technavio, the global arc welding equipment market is expected to grow at a CAGR of close to 4% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global arc welding equipment market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user:
Click here to request a free sample of this report
The top three revenue contributing end-user segments are discussed below:
Automotive: The global automotive market consists of light commercial vehicles, trucks, buses, and passenger cars. The automotive industry has been a major force behind the various technological advances in arc welding equipment.
“The strict requirements for quality, reliability, and precision in the industry has led to the incorporation of robotics and automation technologies in the welding process in the automotive sector. Such incorporation has enabled high levels of precision and efficiency in the welding of automotive parts,” says Anju Ajaykumar, a lead analyst at Technavio for research on engineering tools.
Construction: The construction sector uses welding equipment, and it has become an essential part of the industry. Welding forms an integral part of the construction of buildings, bridges, pipelines, and massive offshore oil and gas rigs. Governments in developing and developed countries are trying to expand national infrastructures such as bridges, roads, and dams, which require a huge amount of welding equipment and hence, provide ample opportunities for welding equipment manufacturers.
Aerospace and Défense: The aerospace industry is another major end-user of welding equipment where welded components are widely used in building the various commercial and defense aircraft. The steady rise in commercial aircraft fleets and the recent upsurge in global defense budgets will have a significant impact on the aerospace and defense industry leading to a positive influence on the global arc welding equipment market.
Ask an analyst to know more about this report
The top vendors operating in the global arc welding equipment market are:
- Colfax
- Fronius
- ITW
- Lincoln Electric
The other prominent vendors in the market include Amada Miyachi, American Torch Tip, Arc Machines, Automation International, Beijing Time Technologies, CEA, Daihen, Doncasters, Kobe Steel, NIMAK, Panasonic Welding Systems, Shandong Aotai Electric, Shanghai Hugong Electric, Shenzhen Riland Industry, and Telwin.
A more detailed analysis is available in the Technavio market report titled, ‘Global Arc Welding Equipment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Welding Equipment Market 2016-2020
- Global Welding Safety Market 2016-2020
- Global Friction Stir Welding Equipment Market 2016-2020
To read more press releases – click here
