Welding is a fabrication process particularly used in metal processing and has a wide range of applications from small to large industries. Compared to all other metal joining methods, this method is found to be the most economical and effective as well. This is the only method that can be used in space and in underwater and air.
The global market for welding is expected to grow at a substantial rate through 2018 and is estimated to cross USD 22 billion by 2018. Gas and consumable equipment are together dominating the current welding market and account for more that 60% of the overall market. Due to increasing robotics applications in medium and large size industries, the robot welding segment is forecasted to show the fastest growth.
Welding and joining of the components plays an important role in improving the life of manufactured products, so welding products are frequently used in various manufacturing industries for repairing and for component welding. The construction industry is expected to see an upward growth with growing population and due to increasing government investment. This, along with the booming automobile industry, will drive the growth of the welding product market. Emerging economies such as Brazil, Russia, India, and China are considered to be the most likely potential markets for welding products.
Based on equipment and supplies, the global market for welding equipment is segmented into welding consumables and equipment, welding gases, welding roots and accessories, safety and protective equipments and others. Arc welding is dominating the welding market when it comes to technology. Some other welding technologies include resistant welding, oxy-fuel welding, and cutting, laser beam welding, ultrasound welding and others. Welding products finds application in construction of residential and non residential buildings, bridges, tanks, pipelines, ships, submarines and others.
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The majority of the welding equipments such as machineries, accessories and other welding materials are manufactured by few large players. The industry also comprises of hundreds of small players that manufacturers and sells small welding equipments such as welding screens, torches, helmets, marking equipments, special fluxes and others. Some of the key players in this market include Daihen Corp, Air Products and Chemicals Inc, Arcon Welding, Panasonic Corp, OBARA Corp, Miyachi Corp, Voestalpine AG, Miller Electric Manufacturing and others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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