Welding Machinery: A Global Strategic Business Report
San Jose, California (PRWEB) September 23, 2014
Follow us on LinkedIn – Welding represents one of the most efficient techniques of material joining or bonding. Supported by superior attributes of being cost effective, efficient and reliable, welding machinery is finding increased preference over other joining technologies as the primary technique of repairing and fabricating metals to produce stronger and lightweight products. Modern welding techniques find widespread applications ranging from small workshops to the aerospace industry. Fabrication of ships, bridges and buildings, manufacture of farm equipment, computer components, automobiles, mining equipment, home appliances, and earth moving equipment use various types of welding processes. Growing population, increasing urbanization and the corresponding need for new infrastructure in the form of power plants, ports, road networks, and railroads, among others, represent key factors for growth in the market. Future growth in the market will be driven by recovery in the major end-use sectors such as automobiles, construction and ship-building, among others.
Demand for welding machinery in the automotive industry is expected to increase over the next few years driven by projected rise in auto sales and subsequent rise in their production across the globe. Steady rise in automotive and automotive components production activity in low cost markets such as China and India, will fuel demand for advanced welding machinery. New infrastructure projects and the subsequent rise in demand for materials such as steel, and other alloys, is set to fuel demand for welding equipment that are crucial in metal bonding. Robust activity in the energy sector represents another important growth driver where arc welding machinery is used for maintaining and repairing LNG (Liquefied Natural Gas) tanks, nuclear facilities, wind turbine installations and pipelines.
The advent of robots, laser systems, and computer-aided design and manufacturing systems has redefined the global welding industry. Microprocessor-based controls, computer numerical controls and statistical process control systems have more or less replaced conventional welding processes. Robotic welding systems represent the fastest growing segment in the welding machinery industry, while laser welding machines offer significant growth potential due to their cost-effectiveness and efficiency in several industrial processes. Another technology advancement poised to benefit the market in the near term include automated welding systems, which offer several benefits including higher output, reduced variable labor costs, enhanced weld quality and reduced scrap.
As stated by the new market research report on Welding Machinery, Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 7.0% over the analysis period. Strengthening GDP, increasing industrialization, expanding manufacturing base, robust infrastructure development, along with rapidly growing construction, energy, consumer durables, and automotive end-use industries represent key growth drivers in the region.
Key players covered in the report include Air Liquide SA, ARCON Welding, LLC, Carl Cloos Schweisstechnik GmbH, Daihen Corporation, ESAB, Fronius International GmbH, GSI Group Inc., IDEAL-Werk, Illinois Tool Works Inc., Kemppi, Kiefel GmbH, Kobe Steel Ltd., Panasonic Corporation, The Lincoln Electric Company, and Tianjin Golden Bridge Welding Materials Group among others.
The research report titled “Welding Machinery: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, South Korea, Taiwan and Rest of Asia-Pacific), Middle East, and Latin America (Brazil, Mexico and Rest of Latin America). Major segments analyzed in the report include Arc Welding Machinery, Gas Welding & Cutting Machinery, Resistance Welding Machinery, Laser Welding Machinery, Ultrasonic Welding Machinery, Other Welding Machinery and Electrodes & Other Consumables.
For more details about this comprehensive market 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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ 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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