Global Welding Machinery Market to 2027 – New Welding Technologies Seek Role in Shipbuilding Programs – ResearchAndMarkets.com – Yahoo Finance
DUBLIN, May 19, 2022–(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
View source version on businesswire.com: https://www.businesswire.com/news/home/20220519005572/en/
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