The Welding Equipment Market is expected to grow from USD 25.9 billion in 2021 to USD 32.5 billion in 2026 at a CAGR of 4% over the forecast period. Innovations and technological advances in the automotive industry to meet the growing demand of customers are expected to increase the demand for welding products that will lead the global welding equipment, accessories and consumables market during the forecast period. APAC is the fastest growing market for welding equipment, accessories and consumables due to population growth, favorable investment policies, economic growth, and government initiatives to promote the region’s electronics and automotive industries.
A full report of Welding Equipment Market available at https://www.orionmarketreports.com/welding-equipment-market/30572/
Key Market Players
Key players operating in the welding equipment, accessories, and consumables market are Lincoln Electric Holdings, Inc (US), Colfax Corporation (US), Illinois Tool Works Inc. (US), Kobe Steel Ltd (Japan), and Air Liquide S.A(France). These players have adopted various growth strategies to expand their global presence and increase their market share.
Welding Equipment Market Segmentations
By Type
• Welding Equipment
• Welding Consumables
By Process
• Arc Welding
• Gas Welding
• Soldering and Brazing
• Other Processes (Resistance Welding, Forge Welding, etc.)
By End-user
• Construction and Infrastructure
• Oil and Gas
• Energy and Power
• Automotive and Shipbuilding
• Aerospace and Defense
• Heavy Engineering
• Railways
• Other End Users
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
