The welding equipment market is estimated to be valued at US$ 18.39 Bn or billion in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Key Takeaways:

The Global Welding Equipment Market Growth is expected to witness high, exhibiting a CAGR of 10% over the forecast period, due to increasing demand from automotive, construction and other manufacturing industries.

Regional analysis- Asia Pacific is expected to dominate the global welding equipment market during the forecast period. The region is witnessing rapid industrialization and infrastructure development activities which is driving the welding equipment demand. China is the largest market followed by Japan and India in the region.

Key players- Key players operating in the welding equipment market include Amada Miyachi, Inc., Arcon Welding Equipment, Colfax Corporation, DAIHEN Corporation, ESAB Welding & Cutting Products, Fronius International GmbH, Illinois Tool Works, Inc., Nelson Stud Welding (Doncasters Group, Ltd.), Obara Corporation, Panasonic Corporation, Rofin-Sinar Technologies, Sonics & Materials, Inc., The Lincoln Electric Company, and Voestalpine AG.

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https://www.articledistrict.com/increasing-adoption-of-automated-and-robotic-welding/