Newer Welding Techniques to Enable Growth in the Digital Age

Newer Welding Techniques to Enable Growth in the Digital Age

  • November 2020 •
  • 89 pages •
  • Report ID: 5993470 •
  • Format: PDF
This study analyzes the global welding equipment and consumables market.It provides information on the total market revenues by analyzing three key regions: Europe, the Middle East, and Africa (EMEA); Asia-Pacific (APAC); and the Americas.

It discusses the major trends and prevailing scenario across all regions.Globally, with the exception of some APAC countries, there is a lack of investor confidence that has stalled projects across industries. End users are focusing on cost-optimization measures to reduce their capital investment across segments by implementing measures such as procuring low-cost products from India, China, and Taiwan. The majority of restraints facing the industry are on a global scale, such as the COVID-19 pandemic. As the slowdown heavily impacts specific markets, the effects are also being felt in related industries. However, there is a sense of optimism that the present scenario will gradually ease during the forecast period, with vendors introducing innovative welding techniques to increase efficiencies.