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