According to a new report published by Transparency Market Research, the welding equipment market will record significant growth owing to the rising demand from numerous end-use industries across the globe. The report titled, “Welding Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” anticipates that the global market will grow remarkably during the forecast period.
A majority of industrial products are manufactured by using the welding process. Hence, the demand for welding equipment to carry out the welding process is rising globally. However, use of new materials in various industries has led to the requirement for innovative welding technologies. Thus, manufacturers are focusing on the development of new welding machines and equipment to fulfill the rising demand. The concept of robotic laser welding is also gaining popularity across the globe. With help of robotic welding, manufacturers can weld parts in a quicker, better, consistent, and safe manner. The demand for robotic laser welding is high in the automotive industry, owing to the constant need for perfect joining of two parts.
The report has segmented the welding equipment market based on technology, level of automation, application and region. On the basis of technology, the welding equipment market is classified into arc welding, resistance welding, oxy-fuel welding, laser beam welding, and others. The arc welding segment dominated the market for welding equipment in 2017 and is expected to gain maximum traction during the forecast period. Arc welding is the most preferred technology in the manufacture of pipelines, offshore structures, and other process equipment. Arc welding technology is widely applied for chassis parts, owing to ease of continuous joining and high strength and rigidity of joints that the technology provides. Advanced arc welding technologies are also being introduced to improve productivity and efficiency. The increasing trend of reduction in the weight of car bodies is driving the demand for advanced arc welding technologies.
According to the level of automation, the market for welding equipment is classified into manual, semi-automatic, and automatic. Automatic welding machines are highly preferred across various industries. They are being adopted on a large scale across industries to accelerate the production process and manufacture high-quality products. Manufacturing units across industries are installing automated welding assembly lines to attain maximum speed of the welding process and yield better products. Various industries including automotive and building & construction are becoming highly automated. Hence, companies are adopting automatic welding machines. Manufacturers of welding equipment are also conducting extensive research to develop welding technology and equipment that can help in welding new types of materials used across various industries.
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