Magnetic Welding Angle Market Report: Trends, Forecast and Competitive Analysis to 2030

Magnetic Welding Angle Trends and Forecast

The future of the global magnetic welding angle market looks promising with opportunities in the welder, metal worker, and artisan markets. The global magnetic welding angle market is expected to grow with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are growing need for improving the efficiency of welding operations and increasing adoption of magnetic welding angle in various welding applications like butt welding, fillet welding, and T-joint welding.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Magnetic Welding Angle by Segment

The study includes a forecast for the global magnetic welding angle by type, application, and region.

Magnetic Welding Angle Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• 45 Degree Angle
• 90 Degree Angle
• 135 Degree Angle

Magnetic Welding Angle Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Welder
• Metal Worker
• Artisan
• Other

Magnetic Welding Angle Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Magnetic Welding Angle Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies magnetic welding angle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the magnetic welding angle companies profiled in this report include-

• Industrial Magnetics
• VECTOR WELDING
• Permanent Magnets
• Master Magnetics
• Banka Machine
• Strong Hand Tools
• IPOTOOLS
• Assfalg
• STHALWERK
• Magswitch

Magnetic Welding Angle Market Insights

Lucintel forecasts that 90 degree angle is expected to witness the highest growth over the forecast period.

Within this market, metal worker will remain the largest segment.

APAC is expected to witness the highest growth over the forecast period.

Features of the Global Magnetic Welding Angle Market

Market Size Estimates: Magnetic welding angle market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Magnetic welding angle market size by type, application, and region in terms of value ($B).

Regional Analysis: Magnetic welding angle market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the magnetic welding angle market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the magnetic welding angle market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for magnetic welding angle market?

Answer: The global magnetic welding angle market is expected to grow with a CAGR of 5.6% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the magnetic welding angle market?

Answer: The major drivers for this market are growing need for improving the efficiency of welding operations and increasing adoption of magnetic welding angle in various welding applications like butt welding, fillet welding, and T-joint welding.

Q3. What are the major segments for magnetic welding angle market?

Answer: The future of the magnetic welding angle market looks promising with opportunities in the welder, metal worker, and artisan markets.

Q4. Who are the key magnetic welding angle market companies?

Answer: Some of the key magnetic welding angle companies are as follows:

• Industrial Magnetics
• VECTOR WELDING
• Permanent Magnets
• Master Magnetics
• Banka Machine
• Strong Hand Tools
• IPOTOOLS
• Assfalg
• STHALWERK
• Magswitch

Q5. Which magnetic welding angle market segment will be the largest in future?

Answer: Lucintel forecasts that 90 degree angle is expected to witness the highest growth over the forecast period.

Q6. In magnetic welding angle market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness the highest growth over the forecast period.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the magnetic welding angle market by type (45 degree angle, 90 degree angle, and 135 degree angle), application (welder, metal worker, artisan, and other), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?