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- Welding Equipment Market – Size, Outlook, Trends and Forecast (2024 – 2032)
Welding is the most popular joining process that is extensively used across industries, such as, automotive, aerospace, medical, consumer electronics, construction, and oil & gas. The type of energy deposition is crucial to distinguish the various welding techniques. Trade between industrialised nations is gradually reducing, and many emerging markets are fighting for a market space to export their industrial products. Most of these industrial products are manufactured using welding processes. The welding industry includes equipment, consumables, and services. Industrial sectors are highly dependent on welding technologies to join the manufactured products.
Global Welding Equipment Market Segments Size & Growth:
Global welding equipment market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include promising growth in the global steel industry, growing automobile industry, industrial development, and growth of the construction industry. However, cost factor and technical know-how Issues are thereby hampering the market growth.
Global Welding Equipment Market Segments Share:
Global welding equipment market is categorised into process type which comprises Arc Welding, Braze Welding, Forge Welding, Gas Welding, Resistance Welding, Welding Consumables, and Others. Among them, arc welding segment is estimated to account for 47.6% value share of the overall welding technology segment by 2017. By Material Type, the market is segmented into Metal, Glass, Plastic, and Others. By Application, the market is segmented into Residential, Commercial, and Industrial. By End-User, the market is segmented into Oil & Gas, Automotive, Aviation & Shipbuilding, Power, Chemicals, Mining, and Others. By Geography, Asia-Pacific is projected to dominate the market with the most significant share, and Asia-Pacific holds the fastest growth in the market because of huge profit margins and growth prospects.
Global welding equipment Market Trends:
- Like most other technologies, welding is steadily evolving. Research has significantly altered the landscape of welding with transitions over the past two decades being particularly noteworthy. Arc welding with conventional machinery and work practices remains the primary method of connecting heavy plates that make up large steel structures. Narrow gap welding, high heat input, and automatic welding are boosting the efficiency of arc welding. Laser welding is exhibiting greater application for connecting thin steel sheets. With laser welding utilising power sources of higher capacity, lasers are also joining heavy plates.
- The use of activating fluxes provides a novel method of increasing the penetration capability of the arc in GTA welding. The process is effected through the application of a thin coating of an activating flux material onto the joint surface before welding. The effect of the flux is to constrict the arc which increases the current density at the anode root and the arc force action on the weld pool. The constricted arc produces a narrow, deep weld compared with the large shallow weld bead obtained with conventional GTA.
- Arc welding continues to be the preferred welding method for the manufacture of offshore structures, pipelines, and process equipment. Different process techniques and welding consumables are available to suit the requirements of arranging for offshore applications. The ability to operate on-site is also a significant advantage. While no fundamentally new arc welding techniques have emerged in recent years, there have been significant developments focused on improving process efficiency and productivity together with the facilitation of increased welding automation. Notable recent TWI developments of significance to the offshore industry include Low cost activating fluxes for GTA welding, Novel keyhole plasma welding procedure, and Autonomous robotic welding of large structures.
Global Welding Equipment Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary market players, such as
- Lincoln Electric Holdings Inc.
- Colfax Corporation
- Illinois Tool Works Inc.
- Air Liquide S.A.
- The Linde Group
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1 Drivers
4.1.1 Growth of the Construction Industry
4.1.2 Industrial Development
4.1.3 Growing Automobile Industry
4.1.4 Promising Growth in the Global Steel Industry
4.2 Restraints
4.2.1 Cost Factor and Technical Know-How Issues
4.3 Opportunities
4.3.1 Growing Demand for Welding Equipment, Accessories, and Consumables from the Wind Energy Sector
4.3.2 Increasing Demand for Mechanized Welding in Developing Economies
4.4 Challenges
4.4.1 Development of Cost-Effective Technologies
5. Global Welding Equipment Market – By Process Type
5.1 Arc Welding
5.2 Braze Welding
5.3 Forge Welding
5.4 Gas Welding
5.5 Resistance Welding
5.6 Welding Consumables
5.7 Others
6. Global Welding Equipment Market – By Material Type
6.1 Plastic Welding
6.2 Glass Welding
6.3 Metal Welding
6.4 Others
7. Global Welding Equipment Market – By Application
7.1 Industrial
7.2 Commercial
7.3 Residential
8. Global Welding Equipment Market – By End-Use Industry
8.1 Oil & Gas
8.2 Automotive, Aviation & Shipbuilding
8.3 Power
8.4 Chemicals
8.5 Mining
8.6 Construction
8.7 Others
9. Global Welding Equipment Market – By Geography
9.1. Introduction
9.2. North America
9.2.1. USA
9.2.2. Canada
9.2.3. Mexico
9.3. South America
9.3.1 Brazil
9.3.2 Argentina
9.3.3 Rest of South America
9.4. Europe
9.4.1. U.K.
9.4.2. Germany
9.4.3. France
9.4.4. Italy
9.4.5. Spain
9.4.6. Rest of Europe
9.5. APAC
9.5.1. China
9.5.2. India
9.5.3. Japan
9.5.4. South Korea
9.5.5. Australia & New Zealand
9.5.6. Rest of APAC
9.6. Middle East & Africa
9.6.1. The Middle East
9.6.2. Africa
10. Company Profiles
10.1. Cavagna Group
10.2 Müller Opladen
10.3 Gentec (Shanghai) Corporation
10.4 Bug-O Systems Inc.
10.5 Matheson Tri-Gas Inc.
10.6 Fronius International GmbH
10.7 Koike Aronson Inc.
10.8 GCE Holding AB
10.9 African Oxygen Limited
10.10 Messer Group
10.11 Lincoln Electric Holdings Inc.
10.12 Colfax Corporation
10.13 Illinois Tool Works Inc.
10.14 Air Liquide S.A.
10.15 The Linde Group
11. Global Welding Equipment Market – Competitive Landscape
11.1 Market Share Analysis
11.2 Strategies Adopted by top companies
11.3 Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1 Insights of Industry Experts
12.2 Investment Opportunities
12.3 Analyst Opinion
13. Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Welding is the most popular joining process that is extensively used across industries, such as, automotive, aerospace, medical, consumer electronics, construction, and oil & gas. The type of energy deposition is crucial to distinguish the various welding techniques. Trade between industrialised nations is gradually reducing, and many emerging markets are fighting for a market space to export their industrial products. Most of these industrial products are manufactured using welding processes. The welding industry includes equipment, consumables, and services. Industrial sectors are highly dependent on welding technologies to join the manufactured products.
Global Welding Equipment Market Segments Size & Growth:
Global welding equipment market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include promising growth in the global steel industry, growing automobile industry, industrial development, and growth of the construction industry. However, cost factor and technical know-how Issues are thereby hampering the market growth.
Global Welding Equipment Market Segments Share:
Global welding equipment market is categorised into process type which comprises Arc Welding, Braze Welding, Forge Welding, Gas Welding, Resistance Welding, Welding Consumables, and Others. Among them, arc welding segment is estimated to account for 47.6% value share of the overall welding technology segment by 2017. By Material Type, the market is segmented into Metal, Glass, Plastic, and Others. By Application, the market is segmented into Residential, Commercial, and Industrial. By End-User, the market is segmented into Oil & Gas, Automotive, Aviation & Shipbuilding, Power, Chemicals, Mining, and Others. By Geography, Asia-Pacific is projected to dominate the market with the most significant share, and Asia-Pacific holds the fastest growth in the market because of huge profit margins and growth prospects.
Global welding equipment Market Trends:
- Like most other technologies, welding is steadily evolving. Research has significantly altered the landscape of welding with transitions over the past two decades being particularly noteworthy. Arc welding with conventional machinery and work practices remains the primary method of connecting heavy plates that make up large steel structures. Narrow gap welding, high heat input, and automatic welding are boosting the efficiency of arc welding. Laser welding is exhibiting greater application for connecting thin steel sheets. With laser welding utilising power sources of higher capacity, lasers are also joining heavy plates.
- The use of activating fluxes provides a novel method of increasing the penetration capability of the arc in GTA welding. The process is effected through the application of a thin coating of an activating flux material onto the joint surface before welding. The effect of the flux is to constrict the arc which increases the current density at the anode root and the arc force action on the weld pool. The constricted arc produces a narrow, deep weld compared with the large shallow weld bead obtained with conventional GTA.
- Arc welding continues to be the preferred welding method for the manufacture of offshore structures, pipelines, and process equipment. Different process techniques and welding consumables are available to suit the requirements of arranging for offshore applications. The ability to operate on-site is also a significant advantage. While no fundamentally new arc welding techniques have emerged in recent years, there have been significant developments focused on improving process efficiency and productivity together with the facilitation of increased welding automation. Notable recent TWI developments of significance to the offshore industry include Low cost activating fluxes for GTA welding, Novel keyhole plasma welding procedure, and Autonomous robotic welding of large structures.
Global Welding Equipment Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary market players, such as
- Lincoln Electric Holdings Inc.
- Colfax Corporation
- Illinois Tool Works Inc.
- Air Liquide S.A.
- The Linde Group
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1 Drivers
4.1.1 Growth of the Construction Industry
4.1.2 Industrial Development
4.1.3 Growing Automobile Industry
4.1.4 Promising Growth in the Global Steel Industry
4.2 Restraints
4.2.1 Cost Factor and Technical Know-How Issues
4.3 Opportunities
4.3.1 Growing Demand for Welding Equipment, Accessories, and Consumables from the Wind Energy Sector
4.3.2 Increasing Demand for Mechanized Welding in Developing Economies
4.4 Challenges
4.4.1 Development of Cost-Effective Technologies
5. Global Welding Equipment Market – By Process Type
5.1 Arc Welding
5.2 Braze Welding
5.3 Forge Welding
5.4 Gas Welding
5.5 Resistance Welding
5.6 Welding Consumables
5.7 Others
6. Global Welding Equipment Market – By Material Type
6.1 Plastic Welding
6.2 Glass Welding
6.3 Metal Welding
6.4 Others
7. Global Welding Equipment Market – By Application
7.1 Industrial
7.2 Commercial
7.3 Residential
8. Global Welding Equipment Market – By End-Use Industry
8.1 Oil & Gas
8.2 Automotive, Aviation & Shipbuilding
8.3 Power
8.4 Chemicals
8.5 Mining
8.6 Construction
8.7 Others
9. Global Welding Equipment Market – By Geography
9.1. Introduction
9.2. North America
9.2.1. USA
9.2.2. Canada
9.2.3. Mexico
9.3. South America
9.3.1 Brazil
9.3.2 Argentina
9.3.3 Rest of South America
9.4. Europe
9.4.1. U.K.
9.4.2. Germany
9.4.3. France
9.4.4. Italy
9.4.5. Spain
9.4.6. Rest of Europe
9.5. APAC
9.5.1. China
9.5.2. India
9.5.3. Japan
9.5.4. South Korea
9.5.5. Australia & New Zealand
9.5.6. Rest of APAC
9.6. Middle East & Africa
9.6.1. The Middle East
9.6.2. Africa
10. Company Profiles
10.1. Cavagna Group
10.2 Müller Opladen
10.3 Gentec (Shanghai) Corporation
10.4 Bug-O Systems Inc.
10.5 Matheson Tri-Gas Inc.
10.6 Fronius International GmbH
10.7 Koike Aronson Inc.
10.8 GCE Holding AB
10.9 African Oxygen Limited
10.10 Messer Group
10.11 Lincoln Electric Holdings Inc.
10.12 Colfax Corporation
10.13 Illinois Tool Works Inc.
10.14 Air Liquide S.A.
10.15 The Linde Group
11. Global Welding Equipment Market – Competitive Landscape
11.1 Market Share Analysis
11.2 Strategies Adopted by top companies
11.3 Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1 Insights of Industry Experts
12.2 Investment Opportunities
12.3 Analyst Opinion
13. Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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