Zion Market Research Global Welding Equipment Market , 2015–2021 | Page 3

Welding Equipment Market
final product and makes it defect-free. Other factors such as low operating costs and
intrinsic mechanical properties are anticipated to drive the global welding equipment market
in the coming future. Rising acceptance of the technology among automakers also impacts
the growth of the market in a positive way. In addition, growing adoption of new and
developed welding processes is fostering the growth of the welding equipment market.
Growing urbanization and industrialization in the developing countries is further positively
impacting the construction projects which is turn is expected to foster the global market in
future.
On the basis of welding technology, the global welding equipment market is segmented as
oxy-fuel welding, arc welding, laser beam welding, resistance welding, and others. Based
on the level of automation, the global market is segmented as and application. Based on
technology, the global market is segmented as oxy-fuel welding, arc welding, laser beam
welding, resistance welding, and others. The level of Automation is divided into automatic,
manual, and semi-automatic. On the basis of Further application, the global welding
equipment market is segmented as is fragmented into the marine application, transportation,
building & construction, aerospace, defense, and automobile. Out of which the automotive
sector is a dominating sector globally, occupies largest market sector. While The aerospace
and defense segments show significant growth in the welding equipment market.
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The global welding equipment market is geographically segmented into North America,
Europe, Asia-Pacific, Latin America and the Middle East & Africa. Asia Pacific is accounted
anticipated to witness the for largest market share in the entire globally in future.