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The welding equipment market size is forecast to increase by USD 4.72 billion, at a CAGR of 6.1% between 2023 and 2028. The market is driven by several key trends and challenges. The emergence of advanced welding technologies, such as friction stir welding, is gaining significant traction in the automotive sector due to its ability to join base metals without the need for filler rods or heat generation. Another trend is the increasing adoption of automated welding solutions, which help improve productivity and reduce the dependence on skilled labor. However, the lack of a skilled workforce remains a significant challenge for the market. Additionally, the use of electric currents, such as AC and DC, in SMAW machines, as well as the application of flux for oxidation prevention, are essential considerations for welding processes. Contamination and carbon dioxide gas usage are critical factors affecting the quality of welds. Overall, the market is expected to witness steady growth due to these trends and challenges.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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