According to the recent research report ‘Global Welding Equipment and Supplies Market 2022-2028’ available with MarketStudyReport, global welding equipment and supplies market is predicted to generate USD 22,403 million during the forecast duration, progressing at CAGR of 4.5% through 2028.

Increasing usage of rental services & leasing schemes, availability for various distribution channels, technological advancements among equipment suppliers & sales distributors, and rising demand for standardized products are collectively assisting in global welding equipment and supplies market expansion.

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Welding is a fabrication technique that includes fusing two or more pieces together using pressure, heat, or both to create a join as the parts cool. Welding is mostly associated with metals and thermoplastics, but it can also be for use on wood.

The data-driven research report on ‘global welding equipment and supplies market’ focuses on the major development trends of this business vertical, its various segmentation, the regional terrain, and the competitive arena. The research is a significant asset for existing businesses, prospective entrants, and future investors since it provides a complete market assessment throughout the major geographies.

Notably, the marketplace is segmented based on product type, technology, application spectrum, and regional overview.

Based on product type, the market is divided into welding equipment, and welding consumables. Among these, the welding consumables segment is predicted to generate modest gains during the forecast duration, primarily due to increasing usage of rental services & leasing schemes, and rising demand for various distribution channels.

By technology, global welding equipment & supplies industry is categorized into thermochemical welding, welding, arc welding, resistance welding, radiant energy welding, solid-state welding, and others. Arc welding segment held the largest market share and is expected to generate substantial gains during the analysis timeframe.

Meanwhile, the application scope of the market involves power, automotive, chemical & petrochemical, machine-building, civil & infrastructure, shipbuilding, and others.

Moving forward with the geographical terrain, this marketplace is divided into Europe, Asia Pacific, North America, and Rest of the world.

The key players formulating the competitive landscape of global welding equipment & supplies marketplace are Colfax Corporation, Atlantic China Welding Consumables Inc., DAIHEN Corporation, EWM AG, Air Liquide S.A., Hyundai Welding Co. Ltd., Kobe Steel Ltd., Illinois Tool Works Inc., Kiswel Co. Ltd.,  Lincoln Electric Holdings Inc., Messer Group GmbH, Panasonic Corporation, Nippon Steel Welding & Engineering Co. Ltd., Thermatool Corp. (Inductotherm Group), Sonics & Materials Inc., voestalpine Boehler Welding Group GmbH, Fronius International GmbH, and Tianjin Golden Bridge Welding Materials Group Co. Ltd. among others.