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Welding Equipment & Consumables Market Trends

Report ID: GMI2050
Published Date: Aug 2023
Report Format: PDF

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Welding Equipment & Consumables Market Trends

The rapid adoption of automation and robotics in welding processes is another notable trend fueling the welding equipment & consumables market growth. Several industries are increasingly leveraging robotic welding systems to enhance efficiency, precision, and productivity. With the integration of sensors, AI, and real-time monitoring, manufacturers can optimize welding parameters and detect defects promptly. Rising technological advancements and the ongoing development in advanced equipment is likely to foster the product acceptance rate.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size for welding equipment & consumables is projected to expand at more than 4.5% CAGR from 2023 to 2032, attributed to the rising inclination towards renewable energies across the globe.

The oxy-fuel segment generated substantial revenue in 2022 and is set to witness over 4.2% CAGR from 2023 to 2032, attributed to the ongoing engineering activities across several industries.

North America held sizeable share of the welding equipment & consumables industry in 2022 and is poised to register 4% CAGR through 2032, owing to the large-scale oil and shale gas extraction operations in this region.

DAIHEN Corporation, Arcon, Doncasters Group, Miller Electric, ESAB Group, Lincoln Electric Company, Miyachi America Corporation, Fronius International GmbH, Obara Corporation, Panasonic Corporation, and Sonics & Materials