Global welding equipment
market is expected to witness lucrative growth over the forecast period. The
demand is expected to escalate in numerous application segments including
offshore exploration, shipbuilding, oil & gas, automotive, aerospace,
construction, and energy. In addition, the shift of trend from manual machine
to automated machine is anticipated to fuel the demand of the market. The
product supports various non-metallic and metallic components in numerous
manufacturing industries and offers an efficient method for fusing materials
which in turn is expected to stimulate the industry growth.
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| Welding Equipment and Consumables Market |
Growing number of
infrastructure projects including wind turbine installations is a key factor
contributing to the growth of the welding machinery sector. Further,
recuperation in the construction and manufacturing areas impels the need for
more advanced equipment, further fuelling market growth. In addition, the
unremitting necessity of maintaining & repairing the existing applications
across various industries may further spur the product market demand over the
next few years. In addition, rising standards of living coupled with increasing
spending on nutrition will benefit the food and packaging machinery sectors,
thus fuelling the market expansion. Further, escalating need for cars globally
may fuel the need for spending more on tools and robotics in the automotive
business, subsequently driving the industry demand. However, there may be a
huge demand breakdown for the equipment if heavy & light automotive vehicle
production is cut down owing to low demand and consumer confidence.
Shifting focus towards
automatic welding from the manual is a major trend witnessed by welding
machinery market in recent times. Surging shortage of skilled labor, especially
in developed countries is impelling manufacturers to take new strides in the
world of sophisticated automation. The advent of welding robot for
manufacturing processes reduces dependency on manual labor and thus drives
demand for the equipment.
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