Tag: Metal

29
Sep
2020
Posted in technology

Metal Welding Market Will Showcase Neutral Impact During 2020-2024 | High Rate of Infrastructure Development to Boost the Market Growth

Technavio has been monitoring the metal welding market and it is poised to grow by $ 8.56 mn during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200929005766/en/

Technavio has announced its latest market research report titled Global Metal Welding Market 2020-2024 (Graphic: Business Wire).

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ALPHA LASER GmbH, AMADA HOLDINGS Co. Ltd., Berkenhoff GmbH, Colfax Corp., DMG MORI Global Marketing GmbH, FANUC Corp., Federal Welder International Ltd., Gedik Welding, Illinois Tool Works Inc., and TRUMPF GmbH + Co. KG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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High rate of infrastructure development has been instrumental in driving the growth of the market. However, shortage of skilled workforce might hamper market growth.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level,