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The metal welding market size is forecast to increase by USD 5.81 billion at a CAGR of 5.34% between 2023 and 2028. The market is driven by various factors, notably the adoption of friction stir welding technology within the automotive sector and the rising demand for wind farms. Additionally, the emergence of laser equipment contributes to market growth, albeit hindered by a shortage of skilled workforce. Fluctuations in raw material prices further pose challenges, while the introduction of new technology escalates research and development expenses. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecasted market scenario.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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