March 02, 2023 04:03 ET | Source: Research and Markets Research and Markets
Dublin, March 02, 2023 (GLOBE NEWSWIRE) -- The "Welding Machinery: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Welding Machinery estimated at US$13 Billion in the year 2022, is projected to reach a revised size of US$22.8 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030. High Tech Artificial Robot
Arc Welding, one of the segments analyzed in the report, is projected to record a 8.3% CAGR and reach US$9.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Oxy-Fuel Welding segment is readjusted to a revised 6.5% CAGR for the next 8-year period. The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 9.6% CAGR The Welding Machinery market in the U.S. is estimated at US$3.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2030 trailing a CAGR of 9.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 6.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.6 Billion by the year 2030. Select Competitors (Total 382 Featured) -
Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS
III. MARKET ANALYSIS IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/phfwlv
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