DUBLIN, April 23, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/jffsh4/global_welding) has announced the addition of the "Global Welding Equipment Market 2014-2018" report to their offering.
The analysts forecast the Global Welding Equipment market to grow at a CAGR of 6.62 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increasing demand from the Energy, Construction, and Automotive industries. The Global Welding Equipment market has also been witnessing the shift from manual to automatic welding. However, the slow growth of the Ship Building, Aerospace, and Defence industries could pose a challenge to the growth of this market.
The report, the Global Welding Equipment Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and the APAC regions; it also covers the Global Welding Equipment market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
There has been a continuous shift from manual to automatic welding, which is a recent trend witnessed in the market. The need to automate manufacturing processes has been one of the major requirements in the market in recent years. The increasing shortage of skilled labor poses a major challenge to many manufacturing industries across the globe, especially in developed countries.
Therefore, manufacturing companies in developed countries have adopted welding robots for their manufacturing process to reduce their dependency on manual labor. The labor costs in developed countries are increasing, which in turn increases the overall manufacturing cost of products.
To reduce the manufacturing costs and mitigate the shortage of labor, companies have started to adopt industrial robotics. Some developing countries have also started to adopt robotics due to the increase in labor costs. Therefore, the increased need for automation is expected to be one of the major trends that will propel the growth of the market during the forecast period.
According to the report, one of the major drivers in this market is the increasing demand from the Energy, Construction, and Automotive industries. These end-user industries are witnessing rapid growth, and are hence providing welding equipment manufacturers with vast opportunities.
Further, the report states that one of the major challenges in this market is the slow growth of the Shipbuilding, Aerospace, and Defense industries. These industries are capital-intensive in nature and require a large amount of investment and workforce. Moreover, these industries are solely dependent on the market conditions and hence procure welding equipment only on a need basis.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Technology
08. Market Segmentation by End-users
09. Geographical Segmentation
10. Key Leading Countries
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
- ARCON Welding LLC
- Charter International Ltd.
- Colfax Corp.
- Denyo Co. Ltd.
- Fronius International GmbH
- Illinois Tool Works Inc.
- Kaierda Group Ltd.
- Lincoln Electric Holdings Inc.
- Manufacturing Technology Inc.
- NIMAK GmbH
- OBARA Corp.
- Panasonic Corp.
- Sonics & Materials Inc.
- Taylor-Winfield Technologies Inc.
- Tianjin Bridge Welding Materials Group Co. Ltd.
- Victor Technologies International Inc.
For more information visit http://www.researchandmarkets.com/research/jffsh4/global_welding
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets