Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


Analysis on New Product Launches in Covid-19 Related Markets-Welding Equipment Market 2020-2024 | Use of Friction Stir Welding Technology to Boost Growth | Technavio

Global banking and finance news 28

Technavio has been monitoring the welding equipment market and it is poised to grow by USD 2.54 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ACRO Automation Systems Inc., AMADA HOLDINGS Co. Ltd., Banner Welding Inc., Colfax Corp., Fronius International GmbH, Illinois Tool Works Inc., Lincoln Electric Holdings Inc., Obara Group Inc., Panasonic Corp., and voestalpine AG are some of the major market participants. The use of friction stir welding technology will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Use of friction stir welding technology has been instrumental in driving the growth of the market.

Welding Equipment Market 2020-2024: Segmentation

Welding Equipment Market is segmented as below:

  • End-user
    • Automotive
    • Construction
    • Aerospace and Defense
    • Shipbuilding
    • Others
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample:

Welding Equipment Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our welding equipment market report covers the following areas:

  • Welding Equipment Market Size
  • Welding Equipment Market Trends
  • Welding Equipment Market Industry Analysis

This study identifies increasing emergence of customized home fragrance candles as one of the prime reasons driving the welding equipment market growth during the next few years.

Welding Equipment Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the welding equipment market, including some of the vendors such as ACRO Automation Systems Inc., AMADA HOLDINGS Co. Ltd., Banner Welding Inc., Colfax Corp., Fronius International GmbH, Illinois Tool Works Inc., Lincoln Electric Holdings Inc., Obara Group Inc., Panasonic Corp., and voestalpine AG. Backed with competitive intelligence and benchmarking, our research reports on the welding equipment market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Welding Equipment Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist welding equipment market growth during the next five years
  • Estimation of the welding equipment market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the welding equipment market
  • Analysis of the markets competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of welding equipment market vendors

Table Of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End user placement
  • Automotive – Market size and forecast 2019-2024
  • Construction – Market size and forecast 2019-2024
  • Aerospace and Defense – Market size and forecast 2019-2024
  • Shipbuilding – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by End user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ACRO Automation Systems Inc.
  • Banner Welding Inc.
  • Colfax Corp.
  • Fronius International GmbH
  • Illinois Tool Works Inc.
  • Lincoln Electric Holdings Inc.
  • Obara Group Inc.
  • Panasonic Corp.
  • voestalpine AG


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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, Technavios report library consists of more than 17,000 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 Technavios 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.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]



Recent Post