Welding Equipment Market to Grow at CAGR of 7.21% during 2016 – 2021 Nov 2016 | Page 3

Global Welding Equipment Market: Trends, Opportunities and Forecasts (2016-2021) The Asia-Pacific region leads the market due to its large population and its growing demand by the construction, automobile, steel, and marine (oil and gas) industries. China and India are the key countries in welding and cutting equipment market due to high industrial growth rate, rising in the construction sector and high growth rate of automotive industry in these regions. China, Japan, South Korea, and Malaysia have accelerated the growth of the market. North America is the second largest market for welding equipment. The automobile segment in the North America has been growing each year and this has boosted the North American welding equipment market due to rise in construction and manufacturing industry. Europe is likely to witness a low growth on account of steep fall in the crude oil prices and the on-going euro zone crises. Thus, North America and Europe are matured markets. The Middle East, Latin America and Africa will see a substantial rise in demand for welding equipment in the predicted future wherein Africa and Middle East are expected to be the key growth regions. Laser Beam welding is expected to grow at the fastest rate followed by Resistant welding in Welding Equipment Market, by Technology while high significance of Automotive & Construction industry was noticed for the End user Welding Equipment Market. Get sample copy of report at http://www.reportsnreports.com/contacts/requestsample.aspx?name=737269. Order this report by calling [phone] or Send an email to [email protected] with your contact details and questions if any. © ReportsnReports.com / Contact [email protected] 3