Welding is the most popular joining process that is extensively used across industries, such as, automotive, aerospace, medical, consumer electronics, construction, and oil & gas. The type of energy deposition is crucial to distinguish the various welding techniques. Trade between industrialised nations is gradually reducing, and many emerging markets are fighting for a market space to export their industrial products. Most of these industrial products are manufactured using welding processes. The welding industry includes equipment, consumables, and services. Industrial sectors are highly dependent on welding technologies to join the manufactured products.
Europe Welding Equipment Market Segments Size & Growth:
Europe welding equipment market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include promising growth in the global steel industry, growing automobile industry, industrial development, and growth of the construction industry. However, cost factor and technical know-how Issues are thereby hampering the market growth.
Europe Welding Equipment Market Segments Share:
Europe welding equipment market is categorised into process type which comprises Arc Welding, Braze Welding, Forge Welding, Gas Welding, Resistance Welding, Welding Consumables, and Others. Among them, arc welding segment is estimated to account for 47.6% value share of the overall welding technology segment by 2017. By Material Type, the market is segmented
Starting from $2700
Starting from $2700
Starting from $2700
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