Metal Welding Market Will Showcase Neutral Impact During 2020-2024 | High Rate of Infrastructure Development to Boost the Market Growth | Technavio

Technavio has been monitoring the metal welding market and it is poised to grow by $ 8.56 mn during 2020-2024, progressing at a CAGR of over 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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Technavio has announced its latest market research report titled Global Metal Welding Market 2020-2024 (Graphic: Business Wire).

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ALPHA LASER GmbH, AMADA HOLDINGS Co. Ltd., Berkenhoff GmbH, Colfax Corp., DMG MORI Global Marketing GmbH, FANUC Corp., Federal Welder International Ltd., Gedik Welding, Illinois Tool Works Inc., and TRUMPF GmbH + Co. KG 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.

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High rate of infrastructure development has been instrumental in driving the growth of the market. However, shortage of skilled workforce might hamper market growth.

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Metal Welding Market 2020-2024: Segmentation

Metal Welding Market is segmented as below:

• End-user
  • Automotive
  • Construction
  • Aerospace
  • Others
• Geographic Landscape
  • APAC
  • North America
  • Europe
  • South America
  • MEA

Metal Welding 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. The metal welding market report covers the following areas:

• Metal Welding Market Size
• Metal Welding Market Trends
• Metal Welding Market Industry Analysis

This study identifies increased adoption of automated products as one of the prime reasons driving the metal welding market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Metal Welding Market 2020-2024: Key Highlights

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

Table of Contents:

Executive Summary

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

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

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Automotive - Market size and forecast 2019-2024
• Construction - Market size and forecast 2019-2024
• Aerospace - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer landscape

• Customer landscape

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
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers – Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ALPHA LASER GmbH
• AMADA HOLDINGS Co. Ltd.
• Berkenhoff GmbH
• Colfax Corp.
• DMG MORI Global Marketing GmbH
• FANUC Corp.
• Federal Welder International Ltd.
• Gedik Welding
• Illinois Tool Works Inc.
• TRUMPF GmbH + Co. KG

Appendix

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

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Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200929005766/en/