Welding equipment sales to surge? On the back of news that there is to be an expected increase in welding services over the coming years there are now two reports suggesting, not unexpectedly, that there will be an increase in demand for welding equipment. The first report looks at laser welding equipment and is by Wise Guy Reports. Totaling over a 150 pages, it main thrust is that there will be significant increase in demand for laser welding equipment in United States, Germany, Japan and China, as well as wider growth in the adjoining regions. growth in demand for welding equipment.
Welding Equipment Market: Segmentation, Industry Trends and Development 2015 – 2021
The second report comes from Persistence Market Research. It too on the prediction of a growth in welding services over the coming years expects the demand for general welding equipment to follow suite.
Key points covered in the report
- The Report segments the market on the basis of types, application, products, technology, etc
- It then looks at segmentation on a geographic basis, North America, Europe, Asia and RoW
- The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
- The report provides company profiles of some of the leading companies operating in the market
- The report also provides porters five forces analysis of the market.
More Evidence of a Welding Equipment Sales Increase?
“Globally, the construction and manufacturing activity is rising and this is leading to increasing demand for welding equipment. However, the slow growth of aerospace, defence and ship building industries in the recent years is a challenge to the growth of welding equipment market. The players are welding equipment market have the potential opportunity in welding equipment for non-metallic materials. Further, in the recent years there has been increased emphasis on enhancing welding efficiency and this is leading to the growth in demand for highly efficient welding technologies and products. The global welding equipment market is witnessing a shift from manual welding to automatic welding. Automation of the welding process with the help of automation software and development of such automatic welding management software is a key technology trend, among the industry players.” You can read more here
Both these reports are clearly reliant upon the premise that we will see a significant upsurge in construction and industrial activity leading to a rise a demand for welding services. Of course if this demand fails to materialise, problems in China and the fallout of Brexit could both derail this growth then this increase in demand is unlikely to be as strong as these reports suggest or may not even happen.