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Welding Equipment Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Welding Equipment Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Welding Equipment Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 12 Jun 2021
  • Report ID: M&E 0013
  • Pages:175
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

The global welding equipment market is anticipated to grow at a CAGR of 7.1% during the forecast period. Welding is a process of manufacturing or assembling used to join materials such as metals and thermoplastics. The process of joining metals is carried out by the fusion of intersecting materials. Advancements in welding have introduced various technologies such as shielded metal arc welding (SMAW), submerged arc welding (SAW), gas tungsten arc welding (GTAW), gas metal arc welding (GMAW), and flux-cored arc welding (FCAW). The demand for welding equipment is rising exponentially as most industrial products are manufactured using the welding process. Hence, the demand for welding equipment to carry out the welding process is rising rapidly, especially in manufacturing.

Top Driver: Robust Demand in Automotive Sectors and Advancements in Technology

The demand for quality, accuracy, and consistency is expected to fuel the robotics and automation technologies in the welding processes, especially in the automotive sector. In addition, the rapid production of lightweight vehicles will also boost the demand for welding equipment in the coming future. Other factors, such as cost-effective operations and intrinsic mechanical properties, are expected to drive the welding equipment market. The rising adoption of advanced technology among automakers and urbanization in developed countries is expected to positively impact the market.

The Arc Welding Segment is Expected to Make a Crucial Contribution to the Market 

On the basis of technology, the market is segmented into Laser Beam Welding, Arc Welding, Resistance Welding, Oxy-fuel Welding, Others. The arc welding segment accounted for larger market share owing to the increasing use of arc welding in the offshore infrastructure development activities and maintenance and repair of pipelines and nuclear facilities. On the basis of equipment, the market can be segmented into Automatic, Semi-Automatic, Manual. On the basis of end use the market is segmented into Building & Construction, Energy, Aerospace, Automotive, Oil & Gas, Marine, Others.

Rising Automobile Growth To Benefit Asia Pacific Market

Asia Pacific is anticipated to gain the largest market share in the entire globally in the near future. Additionally, there is a steep growth of the automobile and construction industries in economies countries such as China and Japan is also anticipated to help in contributing to the growth of the welding equipment market in the forecast period. Furthermore, the Middle East & and Africa is also owed to anticipated to emerge as the region which is lucrative region for the welding equipment market in the coming years.

Players to Focus on Welding Equipment Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Lincoln Electric Company, voestalpine AG, Obara Corporation, Voestalpine AG, Illinois Tool Works Inc., Colfax Corporation, and Panasonic Corporation, Amada Miyachi, Arcon Welding Equipment, Sonics and Materials, Inc., Nelson Stud Welding (Doncasters Group Ltd.), Arcon Welding Equipment, Rofin-Sinar Technologies, DAIHEN Corporation, Inc., and Fronius International GmbH among others could be at the forefront of the competition in the global market.

Lincoln Electric Holdings, Inc.: In May 2019, Lincoln Electric Holdings, Inc., announced it had entered into an agreement to purchase an additional 49.6% interest in Kaynak Tekniği Sanayi ve Ticaret A.Ş. to advance Lincoln Electric’s regional growth strategy.

voestalpine Böhler Welding: In March 2020, voestalpine Böhler Welding, a leading global company in the field of welding technology and part of the technology group voestalpine, had acquired a majority stake in the traditional Italian manufacturer for welding machines Selco s.r.l.. With this, voestalpine Böhler Welding is further expanding its market position after the successful launch of the welding machine series in its brand in June 2019.

Scope of the Report

By Technology

  • Laser Beam Welding
  • Arc Welding
  • Resistance Welding
  • Oxy-fuel Welding
  • Others

By Equipment

  • Automatic
  • Semi-Automatic
  • Manual

By End-User

  • Building & Construction
  • Energy
  • Aerospace
  • Automotive
  • Oil & Gas
  • Marine
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Chapter 1 Overview And Scope

1.1 Market Vision

1.1.1 Market Definition

1.1.2 Market Scope

1.2 Market Segmentation

Chapter 2 Our Research Practice

2.1 Our Research Methodology

2.2 Data Triangulation

2.3 Data Sources

2.4 Assumptions for the study

2.5 Approach Adopted

Chapter 3 Executive Summary

3.1 Market Snapshot

3.2 Regional Snapshot

3.3 Segment Summary

Chapter 4 Covid-19 Impact Analysis

4.1 Overview

4.2 Prevalence analysis

4.3 Key Factor Impact Analysis

Chapter 5 Global Smart Manufacturing Market Forces

5.1 What’s Driving the Market

5.2 Porter’s Five Forces Analysis

5.2.1 Power of Suppliers

5.2.2 Threats From New Entrants

5.2.3 Power of Buyer

5.2.4 Threat From Substitute Product

5.2.5 Degree of Competition

Chapter 6 Global Smart Manufacturing Market -Industry Snapshots

6.1 Overview

6.1.1 Global Smart Manufacturing Market Value, 2019 – 2028, (US$ Bn)

6.2 Market Overview

6.2.1 Drivers Analysis

6.2.2 Restraint/Challenges analysis

6.2.3 Opportunity Analysis

6.3 Supply Chain/Value Chain Analysis

6.4 Market SWOT Analysis

Chapter 7 Global Smart Manufacturing Market Analysis, by Technology

7.1 Overview

7.2 Key Findings for Smart Manufacturing Market- By Technology

7.2.1 Smart Manufacturing Market- Supervisory Controller and Data Acquisition (SCADA)

7.2.2 Smart Manufacturing Market- Manufacturing Execution System (MES)

7.2.3 Smart Manufacturing Market- Programmable Logic Controller (PLC)

7.2.4 Smart Manufacturing Market- Distributed Control System (DCS)

7.2.5 Smart Manufacturing Market- Enterprise Resource and Planning (ERP)

7.2.6 Smart Manufacturing Market- Product Lifecycle Management (PLM)

7.2.7 Smart Manufacturing Market- Human Machine Interface (HMI)

Chapter 8 Global Smart Manufacturing Market Analysis, by Component

8.1 Overview

8.2 Key Findings for Smart Manufacturing Market- By Component

8.2.1 Smart Manufacturing Market- Robotics

8.2.2 Smart Manufacturing Market- Communication Segment

8.2.3 Smart Manufacturing Market- Control Device

8.2.4 Smart Manufacturing Market- Sensor

8.2.5 Smart Manufacturing Market- Machine Vision Systems

Chapter 9 Global Smart Manufacturing Market Analysis, by End User

9.1 Overview

9.2 Key Findings for Smart Manufacturing Market- By End User

9.2.1 Smart Manufacturing Market- Oil and Gas

9.2.2 Smart Manufacturing Market- Automotive

9.2.3 Smart Manufacturing Market- Pharmaceutical

9.2.4 Smart Manufacturing Market- Chemical and Petrochemical

9.2.5 Smart Manufacturing Market- Metals and Mining

9.2.6 Smart Manufacturing Market- Food and Beverage

Chapter 10 Smart Manufacturing Market Analysis by Region

10.1 Key Findings for Smart Manufacturing Market- By region

10.2 Overview

10.2.1 Global Smart Manufacturing Market Analysis, By Technology, 2019 – 2028

10.2.2 Global Smart Manufacturing Market Analysis, By Component, 2019 – 2028

10.2.3 Global Smart Manufacturing Market Analysis, By End User, 2019 – 2028

10.3 Smart Manufacturing Market – North America

10.3.1 Overview

10.3.2 U.S.

10.3.3 Canada

10.3.4 Mexico

10.3.5 North America Market, By Technology

10.3.6 North America Market, By Component

10.3.7 North America Market, By End User

10.4 Smart Manufacturing Market – Europe

10.4.1 Overview

10.4.2 Germany

10.4.3 United Kingdom

10.4.4 France

10.4.5 Italy

10.4.6 Rest Of Europe

10.4.7 Europe Market, By Technology

10.4.8 Europe Market, By Component

10.4.9 Europe market by, End User

10.5 Smart Manufacturing Market – Asia Pacific

10.5.1 Overview

10.5.2 China

10.5.3 Japan

10.5.4 India

10.5.5 Rest of APAC

10.5.6 Asia Pacific Market, By Technology

10.5.7 Asia Pacific Market, By Component

10.5.8 Asia Pacific Market, By End User

10.6 Smart Manufacturing Market – LAMEA

10.6.1 Overview

10.6.2 Middle East & Africa (MEA)

10.6.3 Latin America

10.6.4 Rest Of World

10.6.5 Latin America, Middle East and Africa Market, By Technology

10.6.6 Latin America, Middle East and Africa Market, By Component

10.6.7 Latin America, Middle East and Africa Market, By End User

Chapter 11 Market Competition Analysis

11.1 Market Share/Positioning Analysis

11.1.1 Market Positioning of Key Vendors, 2019

11.1.2 Key Strategies Adopted by the Leading Players

11.1.3 Recent Developments

Chapter 12 Company Profiles- Snapshot

12.1 ABB

12.1.1 Business Fundamentals

12.1.2 Financial Snapshots

12.1.3 Product Portfolio

12.1.4 Recent Developments

12.2 Rockwell

12.3 Emerson Electric

12.4 Schneider

12.5 Siemens

12.6 IBM

12.7 General Electric

12.8 Honeywell

12.9 Texas Instruments Incorporated

12.10 Mitsubishi Electric Corporation

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13 Appendix

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