Global Welding Equipment Market 2018-2022 | Rising Adoption of Automated Solutions to Drive Growth | Technavio

Technavio has published a new market research report on the global welding equipment market from 2018-2022. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Sep 11, 2018-- market research analysts forecast the global welding equipment market to grow at a CAGR of almost 5% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180911005801/en/

Technavio has published a new market research report on the global welding equipment market from 2018-2022. (Graphic: Business Wire)

The rise in adoption of automated solutions for welding is one of the major trends witnessed in the . The use of automation in the welding process has been increasing substantially due to the rising awareness regarding automation among vendors as they are seeking to gain a competitive advantage through automation. Advancements in robotics technology have also led to the use of robots in welding processes.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global welding equipment market is the emergence of friction stir welding technology in the automotive sector:

Global welding equipment market: Emergence of friction stir welding technology in the automotive sector

In friction stir welding technology, two metals are joined using frictional heat, along with a precisely controlled forging pressure. This technology prevents mechanical distortion as the whole process takes place under a low operating temperature. This leads to the final product possessing high-integrity and being defect-free. Friction stir welding technology is gaining traction, especially in the automotive industry.

According to a senior analyst at Technavio for research on engineering tools, “The friction stir welding process offers substantial advantages such as the ability to handle variations in the production process, improved mechanical properties, and low operating cost when compared with other welding processes. Automotive manufacturers can spot-weld thin aluminum sheets with friction stir welding.”

Global welding equipment market: Segmentation analysis

The global welding equipment market research report provides market segmentation by end-user (automotive, construction, A&D, and shipbuilding), and by region (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the four major end-users, the automotive segment held the largest market share in 2017, contributing to around 27% of the market. This end-user segment will dominate the global market throughout the forecast period.

APAC held the largest share of the market in 2017, accounting for close to 47% share. It was followed by the Americas and EMEA respectively. APAC is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystemMarket characteristicsMarket segmentation analysis

Market Sizing

Market definitionMarket size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparisonKey leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors coveredVendor classificationMarket positioning of vendorsCompetitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180911005801/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING ENGINEERING STEEL OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/11/2018 03:48 PM/DISC: 09/11/2018 03:47 PM

http://www.businesswire.com/news/home/20180911005801/en

Copyright Business Wire 2018.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.