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Global Market Study on Welding Equipment: Arc Welding Technology to Gain Maximum Traction During 2017 - 2024

06-05-2019 05:17 PM CET | Industry, Real Estate & Construction

Press release from: persistencemarketresearch.com

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Global Market Study on Welding Equipment: Arc Welding

Majority of the industrial products are manufactured using welding processes. Hence, to carry out welding process the demand for welding equipment is rising globally. However, the use of new materials in various industries has led to the requirement of innovative welding technology.

Therefore, manufacturers are focusing on developing new welding machines and equipment to fulfill the growing demand and meet the need for product development on time. The concept of robotic laser welding is also gaining popularity in the global welding equipment market. With help of robotic welding, manufacturers can weld parts faster, better, consistently and safely. The demand for robotic laser welding is high in the automotive industry owing to the constant need for the perfect joining of two parts.

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Welding equipment manufacturers are also introducing new technologies to improve quality, safety and productivity across industries. Automation in welding equipment is being achieved by providing pre-configured weld cells. These cells allow users to adapt the welding system for wide range of operations. Manufacturers of welding equipment are also focusing on developing technologies that can help in training welding operators and save cost on training for companies. These systems deliver results by tracking motion using sensors.

According to the report by Persistence Market Research, the global market for welding equipment is likely to see a substantial growth between 2017 and 2024. By the end of the forecast period, the global welding equipment market is projected to bring in US$ 19,165.2 Million in terms of value.

Arc Welding Technology to Gain Maximum Traction in the Global Market for Welding Equipment

Arc welding is the most preferred technology used in manufacturing pipelines, offshore structures, and other process equipment. Arc welding technology is widely applied for chassis parts owing to the ease of continues joining and providing high strength and rigidity of joints. Advanced arc welding technologies are also being introduced to improve productivity and efficiency. The increasing trend of weight reduction of car bodies is also driving the demand for advanced arc welding technologies. However, arc welding is still finding a large application in connecting heavy plates to build a large structure of steel. Meanwhile, compared to the traditional arc welding technology, advanced arc welding technology is boosting productivity and efficiency. Gas metal arc welding, submerged arc welding, flux cored arc welding, and gas tungsten arc welding are some of the arc welding processes being used on a large scale in different industries.

Automatic Welding Equipment to be Highly Preferred Across Industries

Automatic welding machines are being adopted on a large scale across industries to accelerate the production process and produce a quality product. Manufacturing units in various industries are installing automated welding assembly lines to gain maximum speed in the process of welding and result in the better product. To implement automation on a large scale, manufacturers are offering robotic welding cells that are pre-configured. This is resulting in the reduction in over-welding, improved quality, and faster overall production.

Various industries including automotive, and building & construction are becoming highly automated. Hence, companies are adopting automatic welding machines. Manufacturers of welding equipment are also conducting extensive research to develop welding technology and equipment that can help in welding new types of materials being used by various industries.

Key Players in the Global Welding Equipment Market

Some of the prominent players active in the global market for welding equipment are DAIHEN Corporation, Colfax Corporation, The Lincoln Electric Company, Fronius International GmbH, Obara Corporation, voestalpine AG, Arcon Welding Equipment, Panasonic Corporation, Sonics & Materials, Inc., Rofin-Sinar Technologies, Nelson Stud Welding (Doncasters Group, Ltd.), Amada Miyachi, Inc., and Illinois Tool Works, Inc.

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Table Of Contents

1. Executive Summary

2. Market Introduction

2.1. Market Definition
2.2. Market Taxonomy
2.3. Welding Product Market Overview

3. Welding Equipment Market Analysis Scenario

3.1. Market Volume Analysis
3.2. Pricing Analysis
3.3. Market Size (US$ Mn) and Forecast
3.3.1. Market Size and Y-o-Y Growth
3.3.2. Absolute $ Opportunity
3.4. Market Overview
3.4.1. Value Chain
3.4.2. Profitability Margins
3.4.3. List of Active Participants
3.4.3.1. Component Suppliers
3.4.3.2. Manufacturers
3.4.3.3. Distributors / Retailers
3.4.3.4. MRO Service Providers
3.5. Product - Cost Teardown Analysis

4. Market Dynamics

4.1. Drivers
4.2. Restraints
4.3. Opportunities
4.4. Market Trends
4.5. Macro-economic Factors
4.6. Forecast Factors – Relevance and Impact

5. Global Welding Equipment Market Analysis and Forecast, By Technology

5.1. Introduction
5.1.1. Y-o-Y Growth Projections By Technology
5.1.2. Basis Point Share (BPS) Analysis By Technology
5.2. Market Size (US$ Mn) and Volume ('000 Units) Forecast By Technology
5.2.1. Arc Welding
5.2.2. Resistance Welding
5.2.3. Oxy- fuel Welding
5.2.4. Laser- beam Welding
5.2.5. Others
5.3. Market Attractiveness Analysis By Technology

6. Global Welding Equipment Market Analysis and Forecast, By Level of Automation

6.1. Introduction
6.1.1. Y-o-Y Growth Projections By Level of Automation
6.1.2. Basis Point Share (BPS) Analysis By Level of Automation
6.2. Market Size (US$ Mn) and Volume ('000 Units) Forecast By Level of Automation
6.2.1. Manual
6.2.2. Semi- automatic
6.2.3. Automatic
6.3. Market Attractiveness Analysis By Level of Automation

7. Global Welding Equipment Market Analysis and Forecast, By Application

7.1. Introduction
7.1.1. Y-o-Y Growth Projections By Application
7.1.2. Basis Point Share (BPS) Analysis By Application
7.2. Market Size (US$ Mn) and Volume ('000 Units) Forecast By Application
7.2.1. Automobile and Transportation
7.2.2. Building and Construction
7.2.3. Marine Application
7.2.4. Others
7.3. Market Attractiveness Analysis By Application

8. Global Welding Equipment Market Analysis and Forecast, By Region

8.1. Introduction
8.1.1. Y-o-Y Growth Projections By Region
8.1.2. Basis Point Share (BPS) Analysis By Region
8.2. Market Size (US$ Mn) and Volume ('000 Units) Forecast By Region
8.2.1. North America
8.2.2. Latin America
8.2.3. Western Europe
8.2.4. Eastern Europe
8.2.5. Asia Pacific
8.2.6. Middle East and Africa (MEA)
8.3. Market Attractiveness Analysis By Region

9. North America Welding Equipment Market Analysis and Forecast

9.1. Introduction
9.1.1. Y-o-Y Growth Projections By Country
9.1.2. Basis Point Share (BPS) Analysis By Country
9.2. Market Size (US$ Mn) and Volume ('000 Units) Forecast By Country
9.2.1. U.S.
9.2.2. Canada
9.3. Market Size (US$ Mn) and Volume ('000 Units) Forecast By Welding Technology
9.3.1. Arc Welding
9.3.2. Resistance Welding
9.3.3. Oxy- fuel Welding
9.3.4. Laser- beam Welding
9.3.5. Others
9.4. Market Size (US$ Mn) and Volume ('000 Units) Forecast By Level of Automation
9.4.1. Manual
9.4.2. Semi- automatic
9.4.3. Automatic
9.5. Market Size (US$ Mn) and Volume ('000 Units) Forecast By Application
9.5.1. Automobile and Transportation
9.5.2. Building and Construction
9.5.3. Marine Application
9.5.4. Others
9.6. Market Attractiveness Analysis
9.6.1. By Country
9.6.2. By Level of Automation
9.6.3. By Application
9.6.4. By Welding Technology
9.7. Drivers and Restraints: Impact Analysis

10. Western Europe Welding Equipment Market Analysis and Forecast

10.1. Introduction
10.1.1. Y-o-Y Growth Projections By Country
10.1.2. Basis Point Share (BPS) Analysis By Country
10.2. Market Size (US$ Mn) and Volume ('000 Units) Forecast By Country
10.2.1. U.K.
10.2.2. Germany
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Western Europe
10.3. Market Size (US$ Mn) and Volume ('000 Units) Forecast By Welding Technology
10.3.1. Arc Welding
10.3.2. Resistance Welding
10.3.3. Oxy- fuel Welding
10.3.4. Laser- beam Welding

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About us :

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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