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South Korean Welding Equipment and Consumables Markets

Research Overview

This Frost & Sullivan research service entitled South Korean Market for Welding Equipment and Consumables provides current market structure analysis, probable market projections and strategic recommendations for the market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets/applications/technologies: arc welding equipment, resistance welding equipment, gas welding equipment and welding consumables markets.

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

  • Automotive
  • Shipbuilding
  • Industrial manufacturing
  • Construction
  • Other
Technologies

The following technologies are covered in this research:
  • Arc welding equipment
  • Resistance welding equipment
  • Gas welding equipment
  • Other welding equipment
  • Welding consumables
Market Overview

South Korean Market for Welding Equipment and Consumables Rides on the Success of Shipbuilding and Automotive Industries

The remarkable success of welding-intensive end-user sectors such as the shipbuilding and automotive industries has galvanized the South Korean welding equipment and consumables market. With the orders for the shipbuilding industry already having reached optimum levels for the next couple of years and Korean car manufacturers increasing their market shares in the world automotive space, the market is expected to witness a significant hike in its revenues.

"Further investment in production capacity is essential to drive the welding equipment and consumables demand in South Korea," says the analyst of this research. "If this is realized, the automotive and shipbuilding end-user sectors are likely to present huge opportunities to welding equipment manufacturers and automation providers."

Arc Welding Equipment Segment Accounts for a Major Share of the Total Market

The $656.2 million South Korean market is ranked among the world’s biggest welding equipment and consumables markets. While the overall health of the economy obviously contributes to market development, the presence of many traditional welding-intensive industries also significantly impacts the size of the market. As in most emerging markets, product segments involving arc welding dominate the welding equipment and consumables markets.

"Arc welding equipment and consumables together accounted for 85.6 percent of total market revenues in 2005," notes the analyst. "Arc welding equipment made up 58.5 percent, while consumables had 27.1 percent, making them the top two product segments with $384.0 million and $177.7 million, respectively."


1. Executive Summary
1. Research Methodology
1. Research Objectives
2. Research Methodology
3. Product Segmentation
4. Other Definitions
5. Exchange Rates
2. Market Overview
1. Market Forecast
2. Product Composition
3. End-user Structure

2. Market Background
1. Overview of Welding Processes
1. Arc Welding
2. Resistance Welding
3. Gas Welding
2. General Market Background
1. Overview of the National Economy
2. Automotive Sector
3. Shipbuilding Sector
4. Industrial Manufacturing Sector (Excluding Shipbuilding)
5. Construction Sector
6. Other Sectors
7. Basic Macro-economic Scenario
3. Drivers and Restraints
1. Market Drivers
a. Strong Shipbuilding Orders
b. International Success of the South Korean Automotive Sector
c. Modernisation of Production Processes
d. Booming Export Demand for Industrial Goods
e. Construction Sector's Success in Winning International Tenders
2. Market Restraints
a. Loss of Manufacturing Competitiveness in Relation to China
b. Shift of Production Capacity of South Korean Automotive Companies
c. Lack of Skilled Manpower in Welding-related Activities
d. Government Policies Depress Domestic Construction Sector
e. Weak Domestic Base of Welding Equipment Manufacturers

3. Market Forecasts for South Korean Welding Equipment and Consumables Market
1. Total South Korean Welding Equipment and Consumables Markets
1. Market Engineering Measurements
2. Revenue Forecasts
3. Market Trends and Pricing Developments
4. Market Breakdown by Product Type
2. New Products and New Markets
1. Historical Overview of Product Development
2. Recent Developments
3. Arc Welding Equipment Market
1. Market Engineering Measurements
2. Revenue Forecasts
3. Market Trends
4. Market Breakdown by Product Segment
5. Market Structure
4. Resistance Welding Equipment Market
1. Market Engineering Measurements
2. Revenue Forecasts
3. Market Trends
4. Market Structure
5. Gas Welding Equipment Market
1. Market Engineering Measurements
2. Revenue Forecasts
3. Market Trends
4. Market Structure
6. Welding Consumables Market
1. Market Engineering Measurements
2. Revenue Forecasts
3. Market Trends
4. Market Breakdown by Product Segment
5. Market Structure and Market Share Analysis

4. Analysis of Supply and Demand Structure
1. End-user Analysis of the South Korean Welding Equipment Market
1. End-user Analysis of the South Korean Welding Equipment Market
2. Supply Chain Analysis
1. Types of Companies by Size
2. Distribution Overview
3. Sources of Supply
3. Competition and Strategy
1. Competitive Tendencies - Types of Strategic Focus
2. Competitive Tendencies - Strategy Variation by End-user Focus

5. Conclusions and Recommendations
1. Conclusions
1. Impact of End-user Sector Structure
2. Domestic Manufacturers
2. Recommendations
1. Opportunities from General Market Growth
2. Opportunities in Specific Sectors
3. Opportunities in Acquisitions and Cooperation

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