By 2030, the global plasma welding machine market will reach 1.85 billion US dollars, with a compound annual growth rate of 4.9%: United Market Research

The growth of consumer electronics and electrical equipment consumption and the growth of the renewable energy industry are key factors driving the growth of the global plasma welding machine market
Portland, Oregon, September 29, 2021/PRNewswire/ – Allied Market Research released a report entitled “By control (manual and mechanized), price range (low, medium, and high), distribution Plasma welding machine market (online and offline) and end users (machinery and equipment, aerospace and defense, automotive, etc.) by channel: global opportunity analysis and industry forecast from 2021 to 2030.” The report shows that global plasma welding machine in 2020 The industry is valued at US$1.12 billion and is expected to reach US$1.85 billion by 2030, with a compound annual growth rate of 4.9% from 2021 to 2030.
The growth of the global plasma welding machine market is driven by technological development and increasing demand for automation. This will help reduce labor costs and strengthen quality control. In addition, it is expected that throughout the forecast period, high-capacity and light-duty micro-plasma welding machines will open many opportunities for growth and expansion in the global market.
However, the downward growth of the automotive industry is likely to become a major constraint on the expansion of the global plasma welding machine market. Download the sample PDF (285 pages, learn more): https://www.alliedmarketresearch.com/request -sample/8635
Based on distribution channels, the offline market segment contributed the highest market share in 2020, accounting for more than four-fifths of the global plasma welding machine market, and is expected to maintain its leading position during the forecast period. This growth is attributed to the preference for physical inspection and certification of products. Consumers in rural areas still rely on physical stores, thus driving the growth of offline stores. On the other hand, due to the convenience of shopping, the elimination of intermediaries, door-to-door delivery, and secure payment methods, it is expected that from 2021 to 2030, the compound annual growth rate of the online segment will reach 5.9%. Get a detailed analysis of the impact of COVID-19 on the plasma welding machine market: https://www.alliedmarketresearch.com/request-for-customization/8635
Based on end users, the automotive segment contributed the highest market share in 2020, accounting for more than one-third of the global plasma welding machine market, and is expected to lead the market during the forecast period. The new production trend of electric vehicles has promoted the development of new tools, which in turn promoted the growth of the market. On the other hand, from 2021 to 2030, the aerospace and defense sector is expected to experience the highest compound annual growth rate of 5.3%. This increase was attributed to the increase in defense budgets of developing countries such as the Asia-Pacific region.
By region, the Asia-Pacific region, followed by Europe and North America, has the highest market share in 2020, accounting for more than two-fifths of the global plasma welding machine market, and is expected to dominate the market by 2030. The compound annual growth rate from 2021 to 2030 is expected to be the highest at 5.3%. Countries in the Asia-Pacific region, such as China, South Korea, Japan, India, Thailand, etc., are emerging hubs for plasma welding machines. The availability of labor and the rise of industrialization have driven market growth. Arrange a free consultation call with our analysts/industry experts to find solutions for your business @ https://www.alliedmarketresearch.com/connect-to-analyst/8635
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A similar report we have: Robotic Welding Market-The global robotic welding market was worth US$5.4505 billion in 2018 and is expected to reach US$10.784 billion by 2026, growing at a compound annual growth rate of 8.7% from 2019 to 2026. Warehouse Robot Market-The global market was valued at USD 2.442 billion in 2016. The scale of the warehouse robot market is expected to grow at a compound annual growth rate of 11.6%, and is expected to reach US$5.186 billion by 2023. Robotic drilling equipment market-The robotic drilling equipment market is valued at US$804 million in 2019 and is expected to reach US$1.017.4 million by 2027, with a compound annual growth rate of 8.4% from 2020 to 2027. Construction Robot Market-The construction robot market is valued at US$2.4507 billion in 2019 and is expected to reach US$7.8803 billion by 2027, with a compound annual growth rate of 23.3% from 2020 to 2027.
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Post time: Oct-20-2021