About Arc Welding Equipment
Arc welding is a process used to join two metals; during the process, the ample amount of heat, which is generated, melts the metals and results in binding them when they cool.
Technavio’s analysts forecast the global arc welding equipment market to grow at a CAGR of 4.30% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global arc welding equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of arc welding equipment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Arc Welding Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global arc welding equipment market: Colfax, Fronius, ITW, and Lincoln Electric.
Other Prominent Vendors in the market are: Amada Miyachi, American Torch Tip, Arc Machines, Automation International, Beijing Time Technologies, CEA, Daihen, Doncasters, Kobe Steel, NIMAK, Panasonic Welding Systems, Shandong Aotai Electric, Shanghai Hugong Electric, Shenzhen Riland Industry, and Telwin.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is redressing the issue of growing skills gap. The global welding industry is expected to witness a massive shortfall of a skilled workforce. Technavio predicts that in the next five years, the US welding industry will experience a substantial shortfall in a skilled workforce. This is an alarming situation that will impact the metal fabrication and manufacturing industry significantly. This has encouraged the development of new technologies to address the dearth of skilled welding equipment operators and cater to the demand of customers”
According to the report, one of the major drivers for this market is positive outlook for global construction sector. The positive outlook in the overall construction industry is expected to a significant positive impact on the global arc welding equipment market. Welding equipment is used extensively in the construction industry, especially in the welding of structural steel. The use of structural steel within the industry has become imperative and is considered an important raw material for this industry.
Further, the report states that one of the major factors hindering the growth of this market is growing popularity of friction-stir welding in automotive sector. Friction-stir welding technology is a unique and innovative technique that uses frictional heat coupled with precisely controlled forging pressure to join two metals. This technique imparts high-integrity to the final product and makes it defect-free. Mechanical distortions are eliminated as the entire operation takes place under a low operating temperature.
Colfax, Fronius, ITW, Lincoln Electric, Amada Miyachi, American Torch Tip, Arc Machines, Automation International, Beijing Time Technologies, CEA, Daihen, Doncasters, Kobe Steel, NIMAK, Panasonic Welding Systems, Shandong Aotai Electric, Shanghai Hugong Electric, Shenzhen Riland Industry, Telwin.