Global Welding Equipment Market: Arc welding, Resistant welding, Oxy fuel welding, Laser Beam welding
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global welding equipment market on the basis of Technology (Arc welding, Resistant welding, Oxy fuel welding, Laser Beam welding and others), By End-Use Industry (Building & Construction, Automotive & Transportation, Marine sector, Oil & Gas, Aerospace & Defence and Others), By Region (North America, Europe, Asia Pacific and Rest of the World); By Country (USA, Canada, United Kingdom, Germany, China, India, South Africa and Brazil).
Rising construction and manufacturing activity worldwide, growth in automobile and construction industry, increasing demand for energy and the emergence of friction stir welding technology are the key factors fuelling the growth of Welding Equipment Market.
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The Asia-Pacific region leads the market due to its large population and its growing demand by the construction, automobile, steel, and marine (oil and gas) industries. China and India are the key countries in welding and cutting equipment market due to high industrial growth rate, rising in the construction sector and high growth rate of automotive industry in these regions. China, Japan, South Korea, and Malaysia have accelerated the growth of the market. North America is the second largest market for welding equipment. The automobile segment in the North America has been growing each year and this has boosted the North American welding equipment market due to rise in construction and manufacturing industry. Europe is likely to witness a low growth on account of steep fall in the crude oil prices and the on-going euro zone crises. Thus, North America and Europe are matured markets. The Middle East, Latin America and Africa will see a substantial rise in demand for welding equipment in the predicted future wherein Africa and Middle East are expected to be the key growth regions. Laser Beam welding is expected to grow at the fastest rate followed by Resistant welding in Welding Equipment Market, by Technology while high significance of Automotive & Construction industry was noticed for the End user Welding Equipment Market.
But shortage of skilled labour, slow adoption of advanced welding technologies and slow growth in marine and defence industry is one of the biggest restraints faced by this industry. Growing construction and manufacturing activity, changing dynamics of the manufacturer, growth in automobile and construction industry, increasing demand for energy and the emergence of friction stir welding technology has surged the need for more manufacturing activities that is further driving the market for Welding Equipment. With the high demand for energy in the nations across the globe, there has been an increase in exploration activities leading to growth in the market for Welding Equipment Market.
According to recently published Azoth Analytics report “Global Welding Equipment Market: Opportunities and Forecasts (2016-2021)”, Welding Equipment Market is forecasted to grow at a CAGR of 7.21% during 2016 – 2021F, on account of increasing attention towards automotive and construction industry along with growing demand for energy driving the growth of the Welding Equipment market. On the basis of market segment, the market has been segmented into three categories namely – By Technology, By End User, and By Regions. Few of the leading companies operating in Welding Equipment Market are Illinois Tool Works Inc., Sonics and Materials, Inc., Fronius International GmbH, voestalpine AG, Obara Corporation, Daihen Corporation, ROFIN-SINAR Technologies Inc., Panasonic Corp., Lincoln Electric Holdings Inc., ESAB.
Scope of the Report
The report provides coverage:
Laser Beam Welding
By End User
Building & Construction
Automotive & Transportation
Oil & Gas
Aerospace & Defence
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