Soldering Equipment Market Growth 2021: COVID-19 Impact 2021: Global Industry Analysis, Opportunity Assessment and Forecast to 2023
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.
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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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