DUBLIN, May 23, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Welding Equipment Market 2016-2020" report to their offering.
This comprehensive report forecasts the Global Welding Equipment Market to grow at a CAGR of 5% during the period 2016-2020.
Commenting on the report, an analyst from the research 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.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Companies Mentioned Include:
- Lincoln Electric
- Air Products and Chemicals
- American Torch Tip
- Arc Machines
- Carver Machine Works
- Doncasters Group
- Kobe Steel
- Sonics and Materials
- Tianjin Bridge Welding Materials
- Tokyo Weld
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information visit http://www.researchandmarkets.com/research/vv63r2/global_welding
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets