Press release
Global Welding Equipment Market is Expected to Thrive at a CAGR of 3.8% by 2023 | Top Key Players - Daihen Corporation, Air Liquide SA, Bohler Thyssen Welding USA Inc., Panasonic Welding Systems Co. Ltd., Rofin-Sinar Technologies Inc.
Global welding equipment market accounted for USD 12,598.7 million in 2017 and is estimated to reach USD 17,273.2 million in 2023, registering a compound annual growth rate (CAGR) of 3.8% between 2017 and 2023.
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Growth Drivers & Barriers
Rising consumption of welding equipment in various applications such as offshore exploration, shipbuilding, oil & gas, automotive, aerospace, construction, and energy is believed to impel the growth of the market during the forecast period. Addition to that, increasing investment in infrastructure projects is expected to foster the growth of the market. Further, existing industrial application continuously requires maintenance and repairing activities. This factor is envisioned to bolster the growth of the market.
Economic growth activities in developing will also result in an increase in construction and manufacturing activities. Further, rising real estate industries in growing economies is further believed to offer significant growth opportunities to market.
Innovations and new product development such as friction stir welding is gaining traction in the market. Further, shift of trend from manual to automatic welding technologies are expected to aid the growth of the market during the forecast period.
Regional Outlook:
In the terms of geography, the welding equipment market is analyzed into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. Among these regions, Europe is slated to account for highest percentage of market share in overall welding equipment market during the forecast period. Asia Pacific welding equipment market accounted for second position in overall welding equipment market in 2017.
Segmentation
The research offers a comprehensive analysis of welding equipment market with respect to following sub-markets:
By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser-beam Welding
- Others
By Application
- Automotive & Transportation
- Building & Construction
- Marine Applications
- Others
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
- Daihen Corporation
- Air Liquide SA
- Bohler Thyssen Welding USA Inc.
- Panasonic Welding Systems Co. Ltd.
- Rofin-Sinar Technologies Inc.
- ARCON Welding, LLC
- Carl Cloos Schweisstechnik GmbH
- ACRO Automation Systems
- Illinois Tool Works Inc.
- Banner Welder Inc.
- Others Major and Niche Players
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Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Barriers in Global Welding Equipment Market
3. Global Welding Equipment Market Trends
4. Opportunities in Global Welding Equipment Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Global Welding Equipment Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8. Global Welding Equipment Market Segmentation Analysis, By Technology
8.1. Introduction
8.2. Market Attractiveness, By Technology
8.3. BPS Analysis, By Technology
8.4. Arc Welding Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5. Resistance Welding Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.6. Oxy-Fuel Welding Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.7. Laser-beam Welding Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.8. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9. Global Welding Equipment Market Segmentation Analysis, By Application
9.1. Introduction
9.2. Market Attractiveness, By Application
9.3. BPS Analysis, By Application
9.4. Automotive & Transportation Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Building & Construction Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.6. Marine Applications Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.7. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10. Geographical Analysis
10.1. Introduction
10.2. North America Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.2.1. By Technology
10.2.1.1. Introduction
10.2.1.2. Market Attractiveness, By Technology
10.2.1.3. BPS Analysis, By Technology
10.2.1.4. Arc Welding Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.2.1.5. Resistance Welding Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.2.1.6. Oxy-Fuel Welding Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.2.1.7. Laser-beam Welding Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.2.1.8. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
Continue…
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