GITNUX MARKETDATA REPORT 2024

Soldering Equipment Industry Statistics

The soldering equipment industry is projected to experience steady growth over the next few years driven by increasing demand for consumer electronics and technological advancements in manufacturing processes.

With sources from: apnews.com, futuremarketinsights.com, transparencymarketresearch.com, alliedmarketresearch.com and many more

Statistic 1

The global soldering equipment market size was valued at $1.3 billion in 2019.

Statistic 2

The soldering equipment industry is projected to reach $1.8 billion by 2027.

Statistic 3

The Compound Annual Growth Rate (CAGR) of the soldering equipment industry from 2020 to 2027 is expected to be 4.7%.

Statistic 4

The North American region held the highest market share in 2019.

Statistic 5

Rapid development of electronic industries in Asia-Pacific results in the highest growth rate in the solder equipment market.

Statistic 6

The increase in demand for compact and lightweight memory devices is a key driver in the growth of the soldering equipment market.

Statistic 7

China represents the largest market for soldering equipment in the Asia-Pacific region.

Statistic 8

The market for robotic soldering equipment is projected to grow at a CAGR of 4.23% between 2019 and 2024.

Statistic 9

Wave soldering equipment accounted for a market share of approximately 38% in 2018.

Statistic 10

The automotive industry accounted for a significant share of the soldering equipment market in 2018.

Statistic 11

The rework and repair application segment is expected to grow at a significant rate from 2021 to 2027.

Statistic 12

South Korea witnessed a CAGR of 9.3% in the soldering equipment market from 2020 to 2027.

Statistic 13

The global soldering robot market is expected to reach USD 1.04 billion by 2026.

Statistic 14

Miniaturization of electronic devices has been a key factor driving the growth of the soldering equipment market.

Statistic 15

The automotive industry is projected to register a CAGR of 7.2% in the soldering equipment market in terms of volume from 2021 to 2027.

Statistic 16

The soldering equipment market in Japan is projected to surpass a market size of US$ 108 Million by 2025.

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In this post, we will explore key statistics and insights surrounding the global soldering equipment industry. From market size projections to regional trends and growth drivers, we delve into the data that shapes the landscape of this dynamic sector.

Statistic 1

"The global soldering equipment market size was valued at $1.3 billion in 2019."

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Statistic 2

"The soldering equipment industry is projected to reach $1.8 billion by 2027."

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Statistic 3

"The Compound Annual Growth Rate (CAGR) of the soldering equipment industry from 2020 to 2027 is expected to be 4.7%."

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Statistic 4

"The North American region held the highest market share in 2019."

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Statistic 5

"Rapid development of electronic industries in Asia-Pacific results in the highest growth rate in the solder equipment market."

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Statistic 6

"The increase in demand for compact and lightweight memory devices is a key driver in the growth of the soldering equipment market."

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Statistic 7

"China represents the largest market for soldering equipment in the Asia-Pacific region."

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Statistic 8

"The market for robotic soldering equipment is projected to grow at a CAGR of 4.23% between 2019 and 2024."

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Statistic 9

"Wave soldering equipment accounted for a market share of approximately 38% in 2018."

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Statistic 10

"The automotive industry accounted for a significant share of the soldering equipment market in 2018."

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Statistic 11

"The rework and repair application segment is expected to grow at a significant rate from 2021 to 2027."

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Statistic 12

"South Korea witnessed a CAGR of 9.3% in the soldering equipment market from 2020 to 2027."

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Statistic 13

"The global soldering robot market is expected to reach USD 1.04 billion by 2026."

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Statistic 14

"Miniaturization of electronic devices has been a key factor driving the growth of the soldering equipment market."

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Statistic 15

"The automotive industry is projected to register a CAGR of 7.2% in the soldering equipment market in terms of volume from 2021 to 2027."

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Statistic 16

"The soldering equipment market in Japan is projected to surpass a market size of US$ 108 Million by 2025."

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Interpretation

In conclusion, the soldering equipment industry is witnessing significant growth driven by factors such as the rise in demand for compact electronic devices, the rapid development of electronic industries in Asia-Pacific, and the increasing adoption of robotic soldering equipment. The market is projected to expand further, with regions like North America, Asia-Pacific, and specific countries like China and South Korea playing key roles in driving this growth. Additionally, application segments like rework and repair are expected to experience substantial growth in the coming years. Overall, the continued miniaturization of electronic devices and the advancements in the automotive industry are poised to shape the future landscape of the soldering equipment market.

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