The global welding equipment market size was valued at $8.3 billion in 2021, and is projected to reach $13.9 billion by 2031 — growing at a CAGR of 5.1% from 2022 to 2031. This is according to a new report by Allied Market Research. Welding is a type of fabrication process in which two or…
Global bolts market to hit $81.1 billion by 2030
Continued projects and development in the construction and manufacturing industries are driving the growth of the global bolts market. According to a new report from Allied Market Research, the global bolts sector generated $46.8 billion in 2020, and is anticipated to generate $81.1 billion by 2030 — witnessing a CAGR of 5.7% from 2021 to 2030. Bolts…
Global aerospace fasteners market to hit $12.80 billion by 2030
A slow rise in air traveling and surge in government expenditure on defense are driving the growth of the global aerospace fasteners market. According to a new report published by Allied Market Research, the global aerospace fasteners market was estimated at $7.42 billion in 2020 and is expected to hit $12.80 billion by 2030 —…
Carbon Fiber may set new trends in lightweight vehicle manufacturing
Metal alloys and composites come in a version often referred to as “lightweight materials.” They can decrease the weight of components and parts used in a number of industries, such as automotive, aircrafts, and windmills, without affecting the strength and efficiency of the parts or the final structure of the end-use system. The efficiency of […]
Automotive 3D printing market expected to garner $2.4 Billion
A report published by Allied Market Research forecasts that the world automotive 3D printing market should garner $2.4 billion in revenue by 2022. Europe would emerge as the leading market over the forecast period, followed by Asia-Pacific and North America. Automotive companies worldwide will adopt 3D printing technology, primarily for prototyping and tooling applications. 3D […]