Global Engine Driven Welders Market Size, Share, Growth Analysis, By Type(Diesel Engine, LPG Fueled Engine), By Amperage(Less than 200 A, 200 A–299 A) - Industry Forecast 2024-2031

Report ID: SQMIG20D2083 | Region: Global | Published Date: February, 2024
Pages: 260 | Tables: 66 | Figures: 75

Global Engine Driven Welders Market Regional Insights

North America generated more in revenue in and is expected to dominate the global engine driven welders market for heavy industrial applications during the forecast period. Growth in the region is likely to be driven by household demand for engine-driven welder machines, advanced mechanised processes that result in lower labour costs, faster work, and greater efficiency.

Asia Pacific also generated high revenue and is expected to drive the global market for heavy industrial applications due to retrofitting and renovation of old technology, increased construction field expenditures, and growth in government budgets for infrastructure development.

Global Engine Driven Welders Market Report Snapshots

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Global Engine Driven Welders Market size was valued at USD 442.7908863 million in 2021 and is poised to grow from USD 464.1 million in 2022 to USD 611.5 million by 2030, growing at a CAGR of 4% in the forecast period (2023-2030).

The market for engine-driven welders is quite competitive and relatively dispersed globally. The leading players in the sector are always putting different growth strategies into practice to keep a competitive edge. These players use innovations, mergers & acquisitions, collaborations, and partnerships to succeed in the cutthroat market. The top market players are constantly focusing on R&D to give industry the most efficient and cost-effective solutions. 'Lincoln Electric', 'Miller Electric', 'ESAB', 'Caterpillar', 'Kemppi', 'Denyo', 'Kohler', 'Honda', 'Welding Industries of Australia', 'Ingersoll Rand', 'Atlas Copco', 'Generac Power Systems', 'Fronius', 'Multiquip', 'Shindaiwa', 'Wacker Neuson', 'Yamaha Motor', 'Perkins Engines', 'Jasic Technology', 'ArcGen'

The adoption of automating and mechanising machines will support the market growth of engine driven welders. The use of advanced automated designs and processes has reduced labour costs while increasing work rate and efficiency, which is expected to drive the global market for engine driven welders. Furthermore, modernization of outdated technology and infrastructure, expansion of industries, and investment in advanced mechanisms are expected to significantly aid this industry's growth. Over the forecast period, growth opportunities created by engine driven welders will also support market growth.

The increasing use of advanced tools to reduce costs and labour, as well as the growing demand from the pipeline industry, are the key industry trends driving market growth.

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Global Engine Driven Welders Market Size, Share, Growth Analysis, By Type(Diesel Engine, LPG Fueled Engine), By Amperage(Less than 200 A, 200 A–299 A) - Industry Forecast 2024-2031

Global Engine Driven Welders Market Regional Insights

Global Engine Driven Welders Market Report Snapshots

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