Soldering Equipment Market Growth 2021: COVID-19 Impact 2021-2023: Industry Ana
Posted by Komal Boudhh on January 25th, 2021
Global Soldering Equipment Market is expected to reach a value of USD 911.3 Million by 2025, registering a CAGR of 9.56% during the forecast period.
The report covers segmentation and drivers for a better glimpse of the market in the coming years. The soldering equipment market has registered significant growth in adoption rates over the past few years in developing nations, such as China, Australia, and Brazil, owing to the rising automotive production and growing automotive aftermarket. The soldering equipment market is mainly dependent upon the production and sales of automobiles. Thus, the fluctuations in demand for automobiles have impacted the market. In 2019, the global production volume for passenger and commercial vehicles was almost 91 million units. It is expected to record steady growth in the coming years.
The soldering equipment market has witnessed significant growth owing to the increasing demand for electronic devices across every industry vertical. There exist several local, regional, and global players in the soldering equipment market who continuously strive to gain larger shares of the overall market. During the study, MRFR has analyzed some of the major players in the global soldering equipment market who have contributed to market growth. These include Ersa GmbH, Pillarhouse International Ltd., RPS Automation LLC, FLASON ELECTRONIC CO. LIMITED, JBC S.L, SEHO Systems GmbH, ACE Production Technologies, Inc., Blundell Production Equipment Ltd, American Hakko Products, Inc., JUKI Automation, PACE Europe Ltd., The Harris Products Group, Inductelec Limited, JAPAN UNIX Co. Ltd, and RADYNE CORPORATION. These companies emphasize product innovation and development to cater to companies across every industry vertical.
Based on application, the global soldering equipment market has been segmented into consumer electronics, networking & communication, automotive, aerospace & defense, and others. Among these applications, the consumer electronics segment is expected to record the highest CAGR of 11% during the forecast period.
Based on region, the report on the Global Soldering Equipment Market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
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About the AuthorKomal Boudhh
Joined: July 17th, 2020
Articles Posted: 121
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