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.
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Based on fuel type, the U.S. engine-driven welder market is classified into gasoline and diesel. Between the two, the diesel category is predicted to demonstrate higher growth in the market in the future years. Moreover, this category is predicted to register faster growth in the market in the upcoming years. This would be because of the growing usage of engine-driven welders in pipeline maintenance and construction operations in the country.
The U.S. engine-driven welder market 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.
Read More: https://www.psmarketresearch.com/market-analysis/us-engine-driven-welder-market
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