Reportstack has announced a new market research report on the Global Welding Equipment Market 2015-2019, which is expected to grow at a CAGR of 5.34 percent during the forecast period of 2014-2019.
Incessant energy requirements, defense modernization, rise in middle class income resulting in increased demand for automobiles are some of the main reasons in the developing countries that would increase the need for welding equipment. Increase in manufacturing activities along with infrastructure development is also expected to help in the growth of the market for welding equipment.
“Manufacturing companies in developed countries have adopted welding robots for their manufacturing process to reduce their dependency on manual labor,”.
“The need for automating manufacturing processes has been one of the major requirements in the market in recent years. Some developing countries have also started to adopt robotics because of the increase in labor costs.”
Key Market Drivers
Increased Demand from Emerging Countries
Increased Demand from Fabrication Industries
Low Costs of Welding
Development of Information Technology
Key Market Trends
Automation of Welding Equipment
Increased Awareness about Welding
Key Market Vendors
Illinois Tool Works Inc.
Lincoln Electric Company Inc.
To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To view the table of contents and know more details please visit Global Welding Equipment Market 2015-2019.