COVID-19 Impacts: Welding Controllers Market will Accelerate at a CAGR of almost 5% through 2020-2024 | Growing Adoption of Automated Welding to Boost Growth | Technavio

Technavio has been monitoring the welding controllers market and it is poised to grow by USD 213.49 million during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions-

• What was the value of the welding controllers market in 2019?
  A. Technavio says that the value of the market was USD 811.50 million in 2019 and is projected to reach USD 1,024.99 million by 2024.
• At what rate is the market projected to grow during the forecast period 2020-2024?
  A. Growing at a CAGR of almost 5%, the market growth will accelerate in the forecast period of 2020-2024.
• What is the key factor driving the market?
  A. Growing adoption of automated welding.
• Who are the top players in the market?
  A. AMADA HOLDINGS Co. Ltd., Colfax Corp., DAIHEN Corp., Dengensha Toa Co. Ltd., Harms & Wende GmbH & Co. KG, Illinois Tool Works Inc., Langley Holdings Plc, Panasonic Corp., Robert Bosch GmbH, and The Lincoln Electric Co. are the top players in the market.
• Which region is expected to hold the highest market share?
  A. APAC.
• Based on segmentation by end-user, which segment is expected to witness the fastest growth in the global market?
  A. Automotive.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AMADA HOLDINGS Co. Ltd., Colfax Corp., DAIHEN Corp., Dengensha Toa Co. Ltd., Harms & Wende GmbH & Co. KG, Illinois Tool Works Inc., Langley Holdings Plc, Panasonic Corp., Robert Bosch GmbH, and The Lincoln Electric Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The growing adoption of automated welding has been instrumental in driving the growth of the market. However, the emergence of laser welding technology might hamper market growth.

Welding Controllers Market 2020-2024: Segmentation

Welding Controllers Market is segmented as below:

• Type
  • Spot Welding
  • Seam Welding
• End-user
  • Automotive
  • Electronics
  • Heavy Machinery
  • Aerospace And Defense
  • Others
• Geography
  • APAC
  • North America
  • Europe
  • MEA
  • South America

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Welding Controllers Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our welding controllers market report covers the following areas:

• Welding Controllers Market size
• Welding Controllers Market trends
• Welding Controllers Market industry analysis

This study identifies the growing use of welding information management systems as one of the prime reasons driving the welding controllers market growth during the next few years.

Welding Controllers Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the welding controllers market, including some of the vendors such as AMADA HOLDINGS Co. Ltd., Colfax Corp., DAIHEN Corp., Dengensha Toa Co. Ltd., Harms & Wende GmbH & Co. KG, Illinois Tool Works Inc., Langley Holdings Plc, Panasonic Corp., Robert Bosch GmbH, and The Lincoln Electric Co. Backed with competitive intelligence and benchmarking, our research reports on the welding controllers market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Welding Controllers Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist welding controllers market growth during the next five years
• Estimation of the welding controllers market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the welding controllers market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of welding controllers market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Spot welding - Market size and forecast 2019-2024
• Seam welding - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• AMADA HOLDINGS Co. Ltd.
• Colfax Corp.
• DAIHEN Corp.
• Dengensha Toa Co. Ltd.
• Harms & Wende GmbH & Co. KG
• Illinois Tool Works Inc.
• Langley Holdings Plc
• Panasonic Corp.
• Robert Bosch GmbH
• The Lincoln Electric Co.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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