U.S. Engine-Driven Welder Market Share, Growth Drivers and Future Analysis

The U.S. engine-driven welder market will grow at a CAGR of 6% during the forecast period by P&S Intelligence.
By: P&S Intelligence
 
NEW YORK - June 18, 2021 - PRLog -- The U.S. engine-driven welder market will grow at a CAGR of 6.0% during the forecast period (2019–2024), on account of the rising adoption of engine-driven welders in the mining sector and pipeline construction and maintenance operations. The mining and pipeline operations require such welders in remote locations, where there is lack of electricity supply. These factors, will therefore, help the market in escalating from $133.1 million in 2018 to $188.9 million by 2024, in the country.

In recent years, the U.S. engine-driven welder market has witnessed a significant demand for advanced engine-driven welders. This market trend has encouraged leading manufacturers, such as Lincoln Electric Holdings Inc. and Miller Electric Mfg. LLC, to develop easy-to-operate, lightweight, and compact welders that require less set-up time. For example, Lincoln Electric Holdings Inc. introduced Ranger 330 MPX, a new gas-based engine-driver generator and welder, in February 2019. This product has smaller footprint, is lighter, and has smaller capacity than other machines of its kind.

The categories under the fuel type segment of the U.S. engine-driven welder market include gasoline, diesel, and others. Under this segment, the diesel category is expected to exhibit the highest growth in the forecast years. This can be ascribed to the growing preference for diesel-based engine-driven welders over gasoline-based machines for the maintenance of industrial machinery, pipeline operations, and construction applications. The growth of the market in this category can also be attributed to the advantages of diesel over gasoline, in terms of product availability, cost, and flammability.

The U.S. engine-driven welder market (https://www.psmarketresearch.com/market-analysis/us-engin...) is highly consolidated in nature, with the presence of few major manufacturers, including Hobert Welding Products, Multiquip Inc., Tomahawk Power LLC, Denyo Co. Ltd., and ESAB AB. However, the market is characterized by a large number of distributors such as Airgas Inc., WELDING SUPPLIES FROM IOC, A&B Welding Supply, Middlesex Welding Sales, One Source Equipment Rentals Inc., Cryo Weld, Barnes Welding Supply, TS Distributors Inc., Service Welding Supply, and Norco Inc.

Thus, with the rising number of mining and construction activities, the market will advance at a significant rate in the forecast years.

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