The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to welding equipment market will help companies and investors design strategic landscapes. Horizon Databook has segmented the Australia welding equipment market based on arc welding, resistance welding, laser beam welding, oxy-fuel welding, other technology covering the revenue growth of each sub-segment from 2018 to 2030. Ongoing commercial construction projects in Australia are expected to support the demand for welding equipment, wherein commercial projects in New South Wales and Victoria are together expected to account for a majority of the share over the forecast period. Queensland and Western Australia are expected to register significant growth in the consumption of welding equipment over the forecast period owing to increasing residential and commercial construction projects.

Source: The North Africa Journal November 17, 2024 09:06 UTC