Below are some of the key findings from our arc welding equipment market analysis
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Global arc welding equipment market outlook
The global arc welding equipment market research report predicts the market to grow at a steady rate and post a CAGR of more than 4% during the forecast period. The increasing demand for such equipment from the water and wastewater industry will be one of the key arc welding equipment market drivers. The major factors responsible for the growing demand for arc welding equipment are the increasing number of initiatives from the private sector to own and manage water production and distribution, possess independently owned water systems, utility management, concessions, and investment strategies. Moreover, manufacturing industries such as food and beverage, pharmaceuticals, and pulp and paper witness a high demand for water, which propels the need for new water treatment plants from various developed and developing countries. This increase in the installation of water and wastewater treatment plants across the globe will fuel the demand for the arc welding equipment during the estimated period.
The advent of new materials will drive the arc welding equipment market growth for the next four years. The numerous benefits of using new materials, such as reduction in the weight of the overall finished products and lower product and production cost, will spur technological advancements in the global arc welding equipment market, which, in turn, will augment its adoption among the end-users.
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Competitive landscape and key vendors
The global arc welding equipment market is moderately fragmented and highly competitive due to the presence of a large number of regional and international vendors across the globe. Also, the small players in the market find it highly difficult to compete against the international vendors in terms of quality, features, functionalities, and services. Furthermore, some of the major contributors for the growing competition in the market is the introduction of products with new features and technologies and the increasing interest of these vendors towards the welding equipment market.
According to the arc welding equipment market analysis report, the key vendors in this market are -
- Colfax
- Fronius
- ITW
- Lincoln Electric
Other prominent vendors in the market include 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.
Segmentation by end-user and analysis of the arc welding equipment market
- Automotive
- Construction
- Aerospace
- Shipbuilding
The automotive segment accounted for the majority arc welding equipment market share during 2016 and will continue to dominate the market for the next four years. One of the major factors that drive the market segment’s growth is the implementation of stringent requirements for quality, reliability, and precision in the automotive sector that leads to the incorporation of robotics and automation technologies in the welding process to enable high levels of precision and efficiency.
Segmentation by geography and analysis of the arc welding equipment market
In terms of geography, APAC accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. Some of the major factors responsible for the growing demand for the welding equipment in manufacturing processes is the economic prosperity in APAC and the flourishing end-user industries such as the automotive, construction, aerospace and defense, electrical equipment, and industrial machinery.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global arc welding equipment market?
- What are the key market trends impacting the growth of the global arc welding equipment market?
- What are the challenges to market growth?
- Who are the key vendors in the global arc welding equipment market?
- What are the market opportunities and threats faced by the vendors in the global arc welding equipment market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global arc welding equipment market?
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