Between January to October 2014, the China welding equipment industry enterprises have generated an overall revenue of RMB34.29 billion
Albany, NewYork (PRWEB) January 06, 2015
ResearchMoz has recently published a research document “China Welding Equipment Industry Report, 2014-2017”. The report categorically explains the growth patterns exhibited by the Chinese welding equipment industry and delivers accurate predictions for the same till the year 2017.
The report pegs the China welding equipment industry to have annual sales revenue of more than RMB20 million in the year 2013. The industry, after showing a year-on-year growth of 19.49%, has created a market value for itself of RMB41.18 billion.
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Between January to October 2014, the China welding equipment industry enterprises have generated an overall revenue of RMB34.29 billion.
The report provides a detailed division of the market share among the various enterprises in the China welding equipment industry. It says that in 2013, the arc welding machine segment held 68.14% which is the largest, the resistance welding machine segment held 3.68%, the welding automation (which includes welding center automation and special machine automation) segment held 8.39%, and the special welding machine segment held 9.69% of the market share, with respect to revenue.
The report also delves into the competitive landscape of the China welding equipment industry. The report identifies 1,500 enterprises that operate in the industry. Of these, more than 20 enterprises individually achieve an annual output worth of more than RMB100 million.
There is also a great deal of familiarity and acceptance of foreign players in the China welding equipment industry. Some of the popular foreign enterprises accepted include Panasonic, ITW, ESAB Group, and OTC. The regional top players listed include Jasic, Technology, Riland, Shanghai Hugong, and Beijing TIME Technologies.
Foreign companies usually prefer to target medium and high-end markets for a successful consumer base. By revenue, Tangshan Panasonic has led the China welding equipment industry for a long time. The company currently provides a large variety of products that are involved in almost all possible sectors of the industry.
Two of the top sales and services companies in the China welding equipment industry are owned by OTC, who is popular for welding robotics. The company also has four training centers and two production bases in Qingdao and Mudanjiang, China.
The ESAB Group owns four factories and one process center in Zhangjiagang, Wuxi, Yantai, and other locations in China. The company’s presence in China involves the segments of welding machine, automation, welding materials, and cutting machine. The company gives top priority to the growth of sectors in construction machinery, energy, offshore platform, shipbuilding, and transport.
Beijing Miller, a company owned by ITW, primarily manufactures the DS and DW series gas protected welding machines. The company also handles the services and marketing segments of major ITW welding products in the local markets.
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On the other hand, Chinese companies prefer to target low-end and medium markets. Their growing popularity has led them to slowly replace foreign brands from the resistance welding machine and traditional arc welding machine markets. Some of the most extensive product lines are offered by local names such as Beijing TIME Technologies, Riland, and Jasic Technology. They lead the domestic markets in China.
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