Global Market Study on Arc Welding Equipment: ‘Automated’ Equipment Sales Buckling


Arc Welding Equipment  Market
  • Published On : Oct-2019 |
  • Pages : 357 Pages |
  • Format : Arc Welding Equipment  Market Arc Welding Equipment  Market Arc Welding Equipment  Market Arc Welding Equipment  Market

The report covers a complete study of the arc welding equipment market with an analysis of types of arc welding equipment. The report summarizes the dynamics and various factors for arc welding equipment, and of markets, which are going to impact the growth of the arc welding equipment market. The study provides a detailed description about how the arc welding equipment market is expected to perform in various regions around the world as per historical performance and future potential in respective regions.

According to market estimates, the global arc welding equipment market is projected to reach ~US$ 10 Bn by the end of the forecast period, registering a CAGR of ~ 6%. The growing demand for metal work operation in automotive, fabrication, construction, and shipbuilding industries has augured well for the arc welding equipment market, as it remains one of the most efficient and reliable, and thus, a preferred welding technologies for metals. Asia Pacific, North America, and Europe are expected to witness significant growth in the global arc welding equipment market. The Middle East and Africa is anticipated to remain a slightly underachieving market throughout the forecast period due to low automotive and industrial manufacturing activities.

global arc welding equipment market value analysis

Wind and Solar Energy Industries – The next Leg of Market Growth

According to Global Wind Energy Council, adoption of wind power increased significantly in the past couple of years. The wind energy industry represents potential growth opportunities for welding equipment manufacturers. Due to environmental concerns, strict regulations are mandated by various governments around the globe on emissions of toxic gases such as carbon. This, in turn, bolsters the demand for wind power around the globe.

Increasing demand for clean energy is expected to drive the arc welding equipment market growth in various countries, particularly in Europe and North America. This is attributed to the expected need for power grid infrastructure and the manufacture of relevant components to ensure electricity transmission from wind energy fields to end-user industries in addition to residential and commercial sectors across different countries.

As a result of the installation of solar and hybrid power stations and wind turbines, emerging economies are also expected to experience a gradual increase in the need for arc welding equipment activities. This is expected to significantly increase the demand for arc welding equipment worldwide over the forecast period.

Opportunities from Ongoing Repair and Maintenance Work in Various End-use Applications

For repair and maintenance-related work, demand for arc welding equipment is expected to increase over the next few years. Industries such as energy, automotive and transportation, construction, shipbuilding, metal manufacturing, and processing are the ones, which require constant need for repair and maintenance, resulting in demand for arc welding equipment.

The overall market for arc welding equipment is driven by increased demand for automation or robotic arc welding. Manufacturing and processing industries witnessing a major shortage of skilled labor are being affected by the saturated labor markets. Majority of the manufacturers are therefore shifting to robotic or automatic arc welding to increase their profit margins and decrease labor force dependence. In addition, automatic arc welding is widely used in the automotive industry and in the manufacture of steel structures.

Arc Welding Equipment Market: Competitive Landscape

Though large number of players are actively involved in equipment manufacturing, only four manufacturers, namely -

  • Colfax Corporation
  • The Lincoln Electric Company
  • Illinois Tool Works Inc.
  • Daihen Corporation

take up the Tier 1 market share space with an estimated share of 42% in terms of combined revenue amounting to about ~US$ 2 Bn. Other important players that make up the Tier 2 space are Obara Group, Inc., Hyundai Welding Co, Ltd., Panasonic Corporation, Fronius International GmbH, and Kemppi Oy with about 33% of market share, while Tier 3 companies take up 24% share, largely comprising of regional and local players.

Growing Market Consolidation: Key Players Focusing on Mergers & Acquisitions

Over the past few years, an increase in the number of expansion and consolidation activities has been witnessed in the arc welding equipment market. This can predominantly be attributed to the efforts being made by manufacturers to meet the intensifying demand for arc welding equipment across the globe.

  • In May 2016, The Lincoln Electric Company acquired Vizient Manufacturing Solutions, a robot integrating and automated welding equipment manufacturing company to improve its overall revenue.
  • In March 2017, Colfax Corporation entered into an agreement to acquire Siemens Turbomachinery Equipment GmbH (STE) division from Siemens AG to a tune of US$ 218 Mn.
  • In July 2016, Illinois Tool Works Inc acquired the Engineered Fasteners and Components business segment of ZF TRW for US$ 450 Mn to improve sales revenue.

This PMR study offers an analysis and forecast of the global arc welding equipment market for the period of 2019 and 2029. The arc welding equipment market study considers 2018 as the base year, with market values estimated for 2019, and a forecast developed for the period of 2019 - 2029. Compound average growth rate (CAGR) has been represented from 2019 to 2029. The study covers various perspectives of the global arc welding equipment market, including market dynamics, value chain, pricing analysis, competition analysis, regional, and segmental growth comparison, and macro-economic as well as segment level projections in a comprehensive manner. The arc welding equipment market from the global perspective is a growing market mainly attributed to the growth of the end-use industries, where it finds applications.

This Persistence Market Research (PMR) report carefully analyses the arc welding equipment market at a global and regional level, through market segmentation on the basis of key parameters such as technology, automation level, technology & gas usage, and region. The primary objective of the report is to offer key insights on market updates, competition positioning, growth rates, and other relevant information, and statistics in a suitable manner to the readers or various stakeholders in the arc welding equipment market. Subsequently, the study aims to analyze the most recent trends, dynamics, and potential strategies in the global arc welding equipment market.

The report is structured to allow readers to develop a thorough understanding of the arc welding equipment market. It begins with market definitions, which are followed by market background, market dynamics, and market analysis by key segments, regional analysis, and competition landscape. Each section covers a qualitative and quantitative assessment of the arc welding equipment market on the basis of facts, historical developments, and key opinions collected from industry participants through dedicated interviews and trends in the arc welding equipment market.

Arc Welding Equipment Market: Segmentation

Technology

Automation Level

Technology and Gas Usage

Region

  • Plasma Arc Welding (PAW)
  • Flux Cored Arc Welding (FCAW)
  • Shielded Metal Arc Welding (SMAW)
  • Electroslag Arc Welding (ESW)
  • Electrogas Arc Welding (EGW)
  • Gas-Tungsten Arc Welding (GTAW)
  • Gas-Metal Arc Welding (GMAW)
  • Submerged Arc Welding (SAW)
  • Others (Atomic Hydrogen Welding)
  • Manual
  • Semi-automatic
  • Automatic
  • Plasma Arc Welding (PAW)
  • Helium
  • Hydrogen
  • Flux Cored Arc Welding (FCAW)
  • Argon
  • Carbon Dioxide
  • Oxygen
  • Electroslag Arc Welding (ESW)
  • Argon
  • Carbon Dioxide
  • Argon
  • Gas-Tungsten Arc Welding (GTAW)
  • Argon
  • Hydrogen
  • Helium
  • Gas-Metal Arc Welding (GMAW)
  • Argon
  • Oxygen
  • Carbon Dioxide
  • Nitrogen
  • Helium
  • Others (Atomic Hydrogen Welding)
  • Hydrogen
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Subsequent sections of the report provide value and volume projections for the arc welding equipment market on the basis of the aforementioned segments at a global level.

The global arc welding equipment market values represented in these section have been agglomerated by collecting data and information at a regional level. The arc welding equipment market information, along with key facts and insights, covers unique analysis frameworks such as absolute $ opportunity analysis, year-on-year growth trend comparison, market share, and attractiveness analysis for each of the sub-types covered in each segment of this arc welding equipment market report.

The next section of the report presents a summarized view of the global arc welding equipment market based on five prominent regions considered in the study. The section includes regional market position, growth potential, trends, and attractiveness analysis for each of these regions.

All the above sections evaluate the present market scenario and growth prospects in the global arc welding equipment market, while the forecast presented in these sections assesses the market size in terms of volume and value.

In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the global arc welding equipment market is expected to develop in the future. Given the characteristics of the arc welding equipment market, we triangulated the outcome of three different types of analysis: primary research, secondary research, and our own analysis. However, forecasting the market in terms of various segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the completion of the forecast exercise.

All the arc welding equipment market segments and sub-segments have been analyzed on Basis Point Share (BPS) to understand each individual segment’s relative contribution to the arc welding equipment market growth. Another key feature of the arc welding equipment market report is the analysis of all the key segments in the arc welding equipment market, sub-segments, and regional adoption and revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the arc welding equipment market.

In the final section of the arc welding equipment market report, a competitive landscape of the arc welding equipment market has been included to provide report audiences with a dashboard view categorized on the basis of providers present in the value chain, their presence in the arc welding equipment market, and key differentiating factors and strategies. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the arc welding equipment market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors on the basis of the in-depth assessment of their capabilities and success in the arc welding equipment marketplace. Detailed profiles of the providers have also been included under the scope of the report to evaluate their long- and short-term strategies, key offerings, and recent developments in the arc welding equipment market.

Companies covered in Arc Welding Equipment Market

 Company Profiles :

  • Daihen Corporation
  • The Lincoln Electric Company
  • Colfax Corporation
  • Obara Group, Inc.
  • Illinois Tool Works Inc.
  • Hyundai Welding Co. Ltd.
  • Praxair, Inc.
  • Arc3 Gases, Inc.
  • MESSER Group GmbH
  • Air Liquide S.A.
  • Fronius International GmbH
  • Air Products and Chemicals, Inc.
  • The Linde Group
  • CEA S.p.A.
  • EWM AG
  • Taiyo Nippon Sanso Corporation
  • Panasonic Corporation
  • GYS
  • MERKLE Schweißanlagen-Technik GmbH
  • Kemppi Oy

 

Arc Welding Equipment Market

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