Welding and Cutting Equipment Market
Welding and Cutting Equipment Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Welding and Cutting Equipment Market Size and Growth
The global welding and cutting equipment market is projected to reach a value of $25.95 billion by 2025, exhibiting a CAGR of 6.2% during the forecast period. Key factors driving market growth include increasing demand from industries such as construction, automotive, and manufacturing, as well as technological advancements in welding and cutting equipment.
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Companies Covered
(Covid 19 Impact Covered)
◍ Tool Works
◍ Lincoln Electric Holdings
◍ Victor Technologies International
◍ Colfax
◍ ESAB
◍ Panasonic
◍ Sonics & Materials
◍ Charter International
◍ Denyo
The welding and cutting equipment market is highly competitive with key players such as Tool Works, Lincoln Electric Holdings, Victor Technologies International, Colfax, ESAB, Panasonic, Sonics & Materials, Charter International, and Denyo. These companies offer a wide range of welding and cutting solutions to drive market growth.
- Tool Works: $3.6 billion
- Lincoln Electric Holdings: $3.0 billion
- Victor Technologies International: $1.2 billion
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Market Segmentation
By Application
◍ Energy Industry
◍ Shipbuilding Industry
◍ Construction Industry
◍ Automobile Industry
◍ Others
By Product
◍ Lectron Beam Welding
◍ Laser Welding
◍ Flame Welding
◍ Electric Arc Welding
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Market Growth
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$ X Billion USD
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