Market New Research Welding Equipment & Consumables Market - 2022 | Page 2

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. Further, employment of costly labor
in developed countries increases manufacturing costs, owing to which companies are propelled to adopt industrial
robotics, further stimulating stimulate development. Additionally, the advent of laser systems, Computer Aided Design
(CAD) and manufacturing systems may open new avenues for the product adoption globally. Furthermore,
advancements and innovations in beam delivery, work management, and laser sources are being incorporated for use
in wide range of welding solutions, ultimately fuelling the demand of the sector. Thus, the soaring need for automation
is anticipated as one of the foremost trends propelling the equipment sector development over the next few years.
Get a Sample Copy of This Report @
https://www.millioninsights.com/industry-reports/welding-equipment-consumables-market/request-sample
However, gradual adoption of enhanced technologies in developing nations may hinder product market growth over
the forecast period. Further, price consciousness makes end-users reluctant to adopt technologically advanced
solutions, which may pose a major challenge for the welding equipment market. Additionally, a slowdown in
shipbuilding and aerospace industries may hamper market augmentation.
On the basis of product segment, welding equipment & Consumables market can be classified as arc, gas & cutting,
resistance, laser, ultrasonic machinery and electrodes welding. However, plasma & arc welding machinery is expected
to gain maximum market share owing to its sustained demand from the global energy industry. The wide usage of arc
welding in the maintenance and repair of nuclear facilities, Liquefied Natural Gas (LNG) tanks, wind turbine
installations, and pipelines drives demand of the equipment. However, even laser welding machinery is expected to
gain eminence over the next few years on account of its adoption in new end-use and heavy manufacturing industries
such as railways, shipbuilding, and steel production.
The European welding equipment market is anticipated to dominate the industry closely followed by the U.S. and Asia
Pacific. This may be attributed to rising demand from European automotive, transportation, electronics, heavy
machinery, and construction industries. In addition, a remarkable development in energy efficiency which robotic
equipment delivers is anticipated to stimulate the product demand in Europe and North America. In addition,
significant government investmen