Welding Machinery Market to Cross $14.5 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

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The global welding industry is mature, and growth is concomitant with that of the industrial production in developed economies such as Japan, Europe, and North America. Developing economies present ample growth opportunities for welding equipment manufacturers. Driven by demand from developing regions, the market for welding machinery is projected to cross US$14.5 billion by 2010, at a compounded annual growth rate of about 1.3% during the 2000-2010 period.

Welding Machinery: A Global Strategic Business Report

Worldwide welding machinery market is characterized by relative maturity, with developing regions such as North America, Europe, and Japan emerging as major markets. However, future growth is primarily anticipated from developing regions of the world, fueled by growth associated with infrastructure and manufacturing sectors. Factors such as modern electronics, new welding techniques, adhesives sector, and quality control significantly impact potential growth. Growing popularity of plastic welding, and rising demand for ultrasonic welding are some of the key market drivers.

United States is the largest market for welding machinery worldwide. The market is estimated at US$3.7 billion for 2007 as stated by Global Industry Analysts, Inc. Europe is the second largest market followed by Japan. United States, Japan, Europe, and Asia collectively account for over 75% of the global welding machinery market. The global and regional markets are expected to register modest CAGRs ranging between 1% and 2%. Arc welding machinery market represents the largest segment with sales projected to be US$3.3 billion in 2008. Laser welding machinery market is projected to reach US$1.1 billion by 2010, at a CAGR of over 3.2% during the period 2000-2010.

Laser welding technology is being developed to include newer applications in the automotive sector and to widen its applicability in other sectors. Innovations and enhancements in work management, beam delivery, and laser sources are being integrated for use in a broad range of welding solutions. Modern electronics and microprocessor technology have a remarkable influence on the upgradation of arc welding equipment. New techniques are being developed for joining materials, without causing any destruction or alteration of their state. Precision welding is being increasingly used, because it enables smaller welds and involves low cost consumables.

The report titled "Welding Machinery: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, players, competition, recent developments, mergers, acquisitions, and other strategic industry activities. The study also analyzes market data and analytics in value sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America by the following product segments - Arc Welding Machinery; Gas Welding & Cutting Machinery; Resistance Welding Machinery; Laser Welding Machinery; Ultrasonic Welding Machinery; Other Welding Machinery; and Electrodes, Components, Apparatus & Accessories.

Key players dominating the global welding machinery market include ACRO Automation Systems, ARCON Welding, Banner Welder, Bohler Thyssen Welding USA, British Federal Ltd., Carl Cloos Welding Engineering GmbH, Daihen Corporation, Denyo, Dukane Corporation, ESAB Holdings Ltd., Fronius International GmbH, GSI Group, Hobart Brothers Company, Ideal-Werk C. + E. Jungeblodt GmbH + Co. KG, IGM Robotersysteme AG, KUKA Aktiengesellschaft AG, Kemppi Oy, Kiefel GmbH, L' Air Liquide S.A., LASAG AG, Laservall S.p.A., Lincoln Electric Holdings, Matsushita Welding Systems, Miller Electric Mfg. Co., Miyachi Corporation, Motoman, NIMAK GmbH, OBARA Corporation, ORBIMATIC GmbH, Packard, PRIMA INDUSTRIE S.p.A., Rofin-Sinar Technologies, Schlatter Holding AG, Schunk Sonosystems GmbH, Sonics & Materials, Soudronic AG, and Svejsemaskinefabrikken Migatronic A/S.

For more details about this research report, please visit http://www.strategyr.com/Welding_Machinery_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com

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