Soldering Equipment Market Growth 2021: COVID-19 Impact 2021-2023: Industry Ana

Posted by Komal Boudhh on January 25th, 2021

Market Overview

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.

Competitive Analysis

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.

Segmental Analysis

Global Soldering Equipment Market is segmented based on Type and Application. Based on type, the global market has been segmented into reflow soldering, induction soldering, hot-bar reflow, laser soldering, and mechanical and aluminum soldering. Among these, the reflow soldering segment dominated the market and was valued at USD 151.2 million in 2019. It is expected to record the highest CAGR of 11.10% during the review period.

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.

Regional Analysis

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.

Asia-Pacific is expected to hold the largest share in the soldering equipment market throughout the forecast period, owing to the increase in foreign investments in developing the EV charging infrastructure due to the large population base and the growing economies of China, India, Japan, and Thailand. In the soldering equipment market in Asia-Pacific, China is expected to hold the largest share and grow at a rapid pace over the forecast period due to the rising per capita disposable income and growing automotive and consumer electronics sectors. Additionally, the increasing focus of the governments towards strengthening the manufacturing facilities in emerging countries, including India and China, is contributing to the dominance of the region in the soldering equipment market.

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https://www.marketresearchfuture.com/reports/soldering-equipment-market-8330

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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

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