Welding Machinery: A Global Strategic Business Report
San Jose, California (PRWEB) October 16, 2012
Follow us on LinkedIn – Worldwide welding industry is characterized by mature conditions, with growth significantly dependent on the industrial production levels in developed economies. Developing economies, on the other hand, present ample growth opportunities for welding equipment manufacturers. Global demand for welding equipment and consumables is significantly dependent on the consumption trends in the steel and other metals, which are used extensively in transportation, shipbuilding and capital equipment manufacturing sectors. The economic crisis led to a significant decline in sales in the global welding machinery market during 2009, as the largest end-use markets namely automotive, aerospace, heavy machinery, and ship building industries were significantly hit by the adverse conditions. European and Americas markets were the worst hit by the sharp decline in consumer spending, which had an indirect yet serious impact on the welding market. Despite all the gloom, welding market registered sustained demand from the rising installations of wind turbine and the continuous need for general maintenance and repair activities of existing facilities. Wind turbine projects are expected to be key growth drivers for the welding market in the near future. Further, growth is anticipated from the continuous rise in the offshore and onshore oil and gas pipeline construction projects, which are in need of welding consumables, equipment, steel pipes, manufacturing automation, wirings, and cables.
As stated by the new market research report on Welding Machinery, the United States represents the single largest market for Welding machinery. The region is expected to witness steady growth in the coming years, following a period of contraction brought on by the global economic recession. The market is on the recovery mode, led by the steady progress in the manufacturing and construction sectors. Growth would also be attributed to sustained gains made in the energy and power generation markets. Fastest growth is expected from the ultrasonic welding machinery segment. Asia-Pacific represents the fastest growing region in the global welding machinery market, with a CAGR of 3.9% over the analysis period.
Arch welding machinery market is the major segment in the global welding machinery market. Future growth in the arc welding machinery market would be driven by sustained demand from the global energy industry. Arc welding is used for maintaining and repairing LNG (Liquefied Natural Gas) tanks, nuclear facilities, wind turbine installations and pipelines. Growth would also be spurred by the rising use of arc welding machinery in the transportation, automotive, infrastructure and construction industries; rapid industrialization of developing countries and development of corrosion-resistant filler metals and energy efficient machines. Laser welding machinery market is projected to grow rapidly in the coming years, driven partly by its increased adoption in new end-use sectors. Laser welding is expected to find increase application in heavy industrial manufacturing, especially shipbuilding, railways, steel production and light industrial manufacturing sectors. Europe represents the largest regional market for laser welding machinery.
Welding machinery market is highly fragmented as welding equipment and consumables are used in a wide variety of industries. In addition to several large companies, the market involves the participation of several small-scale companies offering niche/specialist services and products such as welding torches, screens and marking equipment. Major players profiled in the report include ACRO Automation Systems Inc., ARCON Welding LLC, Banner Welder Inc., Bohler Thyssen Welding USA Inc., British Federal Ltd., Daihen Corporation, ESAB Holdings Ltd., Fronius International GmbH, IDEAL-Werk C+E Jungeblodt GmbH & Co. KG, Illinois Tool Works Inc., Kemppi Oy, L’ Air Liquide S.A., Lincoln Electric Holdings Inc., Motoman Inc., Panasonic Welding Systems Co. Ltd., Rofin-Sinar Technologies Inc., and Sonics & Materials Inc., among others.
The research report titled "Welding Machinery: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections across geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia Pacific, Middle East, and Latin America. Product segments analyzed include Arc Welding Machinery, Gas Welding & Cutting Machinery, Resistance Welding Machinery, Laser Welding Machinery, Ultrasonic Welding Machinery, Other Welding Machinery, and Electrodes, Components, Apparatus, & Accessories.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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