About the Welding Equipment Market
Welding technology is widely adopted in all small and large scale industries dealing with fabrication processes; it is also used for repairing and refurbishing metal products. Welding can be executed in all possible media, viz. air, space, and underwater. The process finds significant applications in automotive manufacturing; construction of residential, commercial, and industrial buildings; construction of bridges and other infrastructure; aerospace and defense; heavy machinery manufacturing; and all other fabrication industries or applications that require metal repairing.
Technavio’s analysts forecast the Global Welding Equipment Market to grow at a CAGR of 5% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Welding Equipment Markefor 2016-2020. In order to arrive at the market size, we have considered the demand for welding equipment from various end-user industries in the global welding equipment market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Welding Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Welding Equipment Market: Colfax, Fronius, ITW, and Lincoln Electric.
Other Prominent Vendors in the market are: Air Products and Chemicals, American Torch Tip, Arc Machines, Carver Machine Works, Daihen, Doncasters Group, Hugong, Kobe Steel, Kokuho, NIMAK, Panasonic, Riland, Sonics and Materials, Telwin, Timewelder, Victor Gas Equipment, Aitel, Aotai Dianqi, Arcon, Charter International, Denyo, EWM, Kaierda, Koike, Manufacturing Technology, Obara, Praxair, Rofin-SAR, Taylor-Winfield Technologies, Tianjin Bridge Welding Materials, and Tokyo Weld.
Commenting on the report, an analyst from Technavio’s team said: “A key trend boosting market growth is the redressal of the growing gap in the skilled workforce. 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 shortfall in the skilled workforce of approximately 400,000. 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, a key growth driver in the welding equipment market is the emergence of friction stir welding technology in the 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.
Further, the report states that one challenge that could impact the growth of this market is the poor quality of welded products affecting demand. "
Colfax, Fronius, ITW, Lincoln Electric, Air Products and Chemicals, American Torch Tip, Arc Machines, Carver Machine Works, Daihen, Doncasters Group, Hugong, Kobe Steel, Kokuho, NIMAK, Panasonic, Riland, Sonics and Materials, Telwin, Timewelder, Victor Gas Equipment, Aitel, Aotai Dianqi, Arcon, Charter International, Denyo, EWM, Kaierda, Koike, Manufacturing Technology, Obara, Praxair, Rofin-SAR, Taylor-Winfield Technologies, Tianjin Bridge Welding Materials, Tokyo Weld.
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