The global welding products market is moderately
consolidated with the top three players accounting for 30% of the
market in 2013. These three companies are Lincoln Electric, ESAB, and
ITW. Small players are competing in the market by introducing low
priced products, says Transparency Market Research in its new study.
Some of the players in the market are Fronius International GmbH,
Bohler, Sonics & Materials Inc., Panasonic, Daihen Corp,
Rofin-Sinar Technologies Inc., Voestalpine AG, Arcon Welding, and
OBARA Co. Companies are focusing on strategic acquisitions,
increasing their production capacity, and innovations. Operational
improvements are another area on which companies are concentrating.
Companies such as Bohler are investing in research and development to
present new products as per customer specifications.
This exhaustive report includes 36 data tables and
27 figures to give readers a 360° view of the Welding Products
market. Browse through this 122-page report to know what factors will
shape the market during the period 2014 – 2020 @
According to the report, the global welding products
market is expected to rise from US$19,080.3 mn in 2015 to US$23,777.5
mn by 2020. By technology, the resistant welding segment will
continue to lead through 2020, accounting for 26.8% of the market. On
the basis of product, the stick electrodes segment led in the past
and will continue to do so, accounting for 40.9% of the market by
2020. By application. The automobile and transportation segment,
closely followed by the building and construction segment will lead
in the global welding products market by 2020. The automobile and
transportation segment is estimated to account for 17.8% of the
market by 2020. On the basis of geography, Asia Pacific will lead and
is projected to account for 43.8% of the market by 2020.
Revamping of Oil and Gas Infrastructure and
Pipelines to Drive Market
The growth of the automotive industry is one of the
key factors driving the global welding products market, as metals
used in automobiles are joined using welding. The repair and
maintenance of automobiles are also creating a need for welding
products, thus driving the market worldwide. Another factor driving
the global welding products market is the growth of the building and
construction sector. Welding comprises an important process used in
building and construction activities. The growth of the construction
and infrastructural activities in Asia Pacific is driving the demand
for welding products.
Furthermore, the oil and gas industry is also a key
consumer of welding products. Welding products are extensively used
for revamping of oil infrastructure and also for the construction of
new pipelines and manufacturing facilities. A rise in safety concerns
in the oil and gas industry is fueling the need for replacing older
pipelines and installing new ones in future. In addition to this, the
growth of the oil and gas drilling activities has given rise to an
increase in offshore rigs. This in turn is creating a need for
welding processes, driving the demand for welding equipment and
consumables
Lack of Trained and Skilled Labor to Pose a
Problem
Trained and skilled labor is one of the crucial
factors for the success of the welding industry. Developed countries
are faced with high labor cost, leading to high production prices and
this is subsequently impacting the profit margins of manufacturers.
Moreover, the shortage of skilled labor is hampering the welding
process.
Get accurate market forecast and analysis on the
Welding Products market. Request a sample to stay abreast on the key
trends impacting this market.@
A lack of skilled labor to handle new technologies
being developed by key players in the welding industry will also
restrain the market. “Manufacturers are unable to provide quality
services to customers owing to a lack of skilled labor,” says a TMR
analyst. However, the growth of the wind power industry will act as
an opportunity for growth in the coming years. As the need for
efficiency arises in wind tower fabrication, there will an increase
in the construction of wind turbines, driving the demand for welding
products.
This information is based on the findings of a report
published by Transparency Market Research, titled “Welding Products
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2014 - 2020.”
The global welding products market is segmented as
follows:
Welding Products Market - Technology Analysis
- Arc welding
- Resistance welding
- Oxy-fuel welding
- Laser beam welding
- Others (ultrasound welding, etc.)
Welding Consumables Market - Product Segment
Analysis
- Stick electrodes
- Solid wires
- Flux-cored wires
- SAW wires and fluxes
- Others (gases, etc.)
Welding Products Market - Application Analysis
- Automobile and transportation
- Building & construction
- Marine
- Others (repair and maintenance, etc.)
Welding Products Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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