Welding Machinery: A Global Strategic Business Report
San Jose, CA (Vocus) October 25, 2010
The global welding industry is mature, and growth is concomitant with that of industrial production in developed economies such as Japan, Europe, and North America. Developing economies present ample growth opportunities for welding equipment manufacturers. Infrastructure building and increasing manufacturing activity are the primary demand drivers in this industry. Rapid growth in the energy sector areas such as increase in wind turbine constructions as well as repairs & maintenance of machinery are major contributors of demand for the global welding machinery market. Adopting newer technologies has emerged as the single-most significant trend in the market, whereby numerous segments have given up traditional welding methodologies in favor of modern ones. With environmental and health concerns catching up, efficient and safe technologies have become the need of the hour. The global market is witnessing growth in the aluminum welding equipment segment, vis-à-vis steel across various industries including automotive, aerospace, heavy machinery, construction and others. There has been a sharp decline in the demand for metal welding equipment, with demand for plastics and other synthetic materials on the rise. The trend has resulted in spurring the demand for ultrasonic bonding systems and related welding devices.
The welding machinery industry is taking new strides into the world of sophisticated automation. The advent of robots, laser systems, and computer-aided design and manufacturing systems has defined new horizons for all industries worldwide. Innovations and enhancements in work management, beam delivery, and laser sources are being integrated for use in a broad range of welding solutions. Major application areas for laser welding in the forthcoming years are expected to be in heavy industrial manufacturing, especially shipbuilding, railways, steel production, and light industrial manufacturing sectors.
The worldwide economic crisis led to a major decline in demand for global welding machinery market by about 6.4% in 2009. Automotive, aerospace, heavy machinery and ship building industries, prime end-users of welding market, suffered as a result of the financial meltdown. The effect in turn, percolated to the welding market leading to a slump for welding equipment and related consumables. There was a huge decrease in demand from the automotive industry as both heavy and light vehicle manufacturers drastically cut down production due to low demand and consumer confidence. The situation was more or less replicated in the aerospace industry, where both fabrication and maintenance activities for existing aircrafts, and commissioning of new aircrafts reduced, heavily contributing to the demand slowdown. In the case of heavy machinery and ship building industries, credit squeeze, piling inventories and economic uncertainties resulted in considerable losses. Markets in Europe and the Americas were the most impacted due to sharp reduction in consumer spending. Postponements of production activities and shutting down of plants became a common phenomenon.
However, all was not gloom for the welding market, which witnessed increased activities in general maintenance and repairs, and wind turbine constructions. Additionally, the gaining popularity of Clean Development Mechanism projects worldwide is also expected to increase demand in the welding market. These, coupled with emergence of developing markets such as China, India and Latin America are expected to boost sales in the market and compensate for demand declines in the mature markets across the world.
Europe constitutes the world’s largest market for welding machinery and consumables, as stated by the new market research report on Welding Machinery. The US and Asia-Pacific comprise other major markets. In terms of growth pace, Asia-Pacific is slated to emerge as the clear winner, leading the pack at the highest compounded rate through 2015. The Electrodes, Components, Apparatus, & Accessories segment is the largest market. Arc welding represents the other significant market in terms of size. The most promising segment however, comprises the Ultrasonic Welding Machinery, positioned to display the highest growth potential over the period 2007-2015.
The welding machinery market, worldwide, is highly fragmented, with more than 1,500 large and medium sized manufacturers, vying for larger space. Key players profiled in the report include ACRO Automation Systems, Inc, Bohler Thyssen Welding USA, Inc, Datalogic Automation S.r.1, ESAB Holdings Ltd., KUKA Aktiengesellschaft AG, L’ Air Liquide S.A., Lincoln Electric Holdings, Inc., Miller Electric Mfg. Co, Miyachi Corporation, Motoman, Inc, OBARA Corporation, Panasonic Welding Systems Co., Ltd, Soudronic AG, Schlatter Holding AG and several others.
The research report titled “Welding Machinery: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry overview, market trends, product overview, end-use markets, recent industry activity, and profiles of market players worldwide. Analysis and overview is presented for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America. Market analytics are provided in terms of terms of dollar (value) for product segments including Arc Welding Machinery, Gas Welding & Cutting Machinery, Resistance Welding Machinery, Laser Welding Machinery, Ultrasonic Welding Machinery, Electrodes, Components, Apparatus, & Accessories and Other Welding Machinery. The study also presents historic data for an insight into market evolution over the period 2000 through 2006.
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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 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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