NEW YORK, Nov. 3, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Welding Equipment & Consumables Market
http://www.reportlinker.com/p0681062/Welding-Equipment--Consumables-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Oil_and_Gas_energy
US demand to rise 6.4% annually through 2015
Total demand for welding equipment and consumables is forecast to increase 6.4 percent annually to $7.1 billion in 2015. Gains in this market will be driven by continued recovery from economic recession experienced between late 2007 and 2009 in major manufacturing and construction markets. Growth will also be fueled by the increasing applications to which various types of welding can be applied. Although arc, resistance and oxyfuel welding dominate the market, emergent welding technologies such as electron beam, friction-stir, laser, ultrasonic and other welding methods have opened new markets and applications in industries such as aerospace, electronics, packaging and others. Although the most popular welding methods are used in mature market segments, and their demand is subject to the cyclical (and seasonal, in the case of construction) nature of individual markets, the diversity of welding applications mitigates the effects of cyclicality in any single consuming sector.
Arc, resistance welding systems to remain dominant
The welding equipment segment is dominated by arc and resistance welding systems, which accounted for a combined 42 percent of equipment demand in 2010. These will remain the dominant welding techniques through the forecast period, in part due to their successful integration with modern automation techniques that improve weld deposit rates and alleviate the shortage of skilled welders.
Consumables to track industry average in growth
Welding consumables include electrodes, filler metal and industrial welding gases used in oxyfuel welding applications and shielding gases used primarily in arc welding applications. Consumption of these products is dependent on the amount of oxyfuel and arc welding activity, although arc welding is the dominant market driver. Demand for consumables, which will benefit from the economic recovery and the ubiquity of arc welding processes, will increase 6.3 percent annually and approach $2.2 billion in 2015. Welding electrodes and filler metal dominate the consumables category, typically accounting for 69 percent of the total; oxyfuel and shielding gases account for the rest. Solid wire electrodes are the largest product category for electrodes and filler metal, although flux- and metalcored electrodes are the most rapidly growing products. Among the gases, oxygen and acetylene are dominant in metal joining and cutting applications. Argon is by far the dominant shielding gas, followed by carbon dioxide.
Construction to be fastest growing market
The manufacturing sector comprises the largest market for welding products, having accounted for 63 percent of consumption in 2010. Within manufacturing, fabricated metal products and transportation equipment are the largest consuming segments, recovery in which will help drive gains in consumption to $4.4 billion in 2015. The consumption of welding products by the construction industry will grow the fastest of any enduse industry. Based on recovery from a severe slowdown in 2008 and 2009 revitalized construction of structures, pipelines and civic projects will drive demand to $750 million in 2015, or nearly 11 percent of the market.
Study coverage
This new industry study, Welding Equipment & Consumables, presents historical demand data (2000, 2005 and 2010) plus forecasts for 2015 and 2020 by product and market. The study also considers key market environment factors, reviews technology, assesses industry structure, evaluates company market share and profiles competitors in the US industry.
TABLE OF CONTENTS
INTRODUCTION x
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Trends 5
Fixed Investment Trends 8
Manufacturing Sector Outlook 11
Metal Product Shipments 14
Motor Vehicle Production 16
Aerospace & Other Transportation Equipment Outlook 19
Construction Outlook 21
Building Construction Expenditures 24
Nonresidential Building Construction 26
III. WELDING TECHNOLOGIES 29
General 29
Welding Technologies 30
Arc Welding 30
Gas Metal Arc Welding (GMAW) 33
Gas Tungsten Arc Welding (GTAW) 37
Shielded Metal Arc Welding (SMAW) 41
Flux-Cored Arc Welding (FCAW) 44
Submerged Arc Welding (SAW) 46
Other Arc Welding 48
Oxyfuel Welding & Cutting (OFW & OFC) 50
Resistance Welding (RW) 53
Ultrasonic Welding (USW) 55
Laser Beam Welding (LBW) 57
Other Welding 59
Automation & the Welding Market 63
IV. WELDING EQUIPMENT
& CONSUMABLES OVERVIEW 65
General 65
Welding Equipment & Consumables Supply & Demand 66
Foreign Trade 68
Welding Equipment 68
Welding Consumables 69
Welding Equipment & Consumables Imports by Source 71
Welding Equipment & Consumables Exports by Destination 73
Pricing Trends 75
Equipment 76
Electrodes & Filler Metals 77
Gases 79
Historical Market Trends 81
Welder Employment Trends 84
Safety & Health Issues 85
V. WELDING EQUIPMENT 89
General 89
Welding Equipment Supply & Demand 90
Arc Welding Equipment 93
Resistance Welding 97
Oxyfuel Welding & Cutting 100
Laser Beam Welding 104
Ultrasonic Welding 107
Other Welding Equipment 109
VI. WELDING CONSUMABLES 113
General 113
Welding Electrode & Filler Metal Demand 115
Welding Electrode & Filler Metal Demand by Material 119
Welding Electrode & Filler Metal Demand by Type 120
Solid Wire Electrodes & Filler Metal 121
Stick Electrodes & Filler Metal 123
Flux- & Metal-Cored Welding Electrodes 126
Shielding & Oxyfuel Gases 129
Shielding Gases 131
Argon 135
Helium 137
Carbon Dioxide 139
Nitrogen 141
Hydrogen 142
Oxyfuel Gases 144
Oxygen 146
Acetylene 147
Other Fuel Gases 150
VII. WELDING EQUIPMENT & CONSUMABLES MARKETS 153
General 153
Manufacturing 155
Fabricated Metal Products 157
Transportation Equipment 159
Motor Vehicles 160
Marine Equipment 162
Aerospace 164
Other Transportation Equipment 166
Agricultural, Construction & Mining Equipment 167
Other Manufacturing 169
Construction 170
Energy & Power Generation 173
Repair & Maintenance 175
Consumer & Other 177
VIII. INDUSTRY STRUCTURE 180
General 180
Market Share 183
Leading Companies 183
Leading Welding Equipment Producers 187
Leading Consumable Electrode & Filler Metal Producers 188
Leading Oxyfuel & Shielding Gas Producers 189
Competitive Strategies 190
Product Development & Manufacturing 193
Distribution & Marketing 195
Mergers, Acquisitions & Industry Restructuring 197
Company Profiles 200
Air Products and Chemicals Incorporated 201
Airgas Incorporated 203
ARCON Welding LLC 204
Atlantic China Welding Consumables Incorporated 206
Bernard, see Illinois Tool Works
Böhler Welding Holding, see voestalpine
CenterLine Windsor Limited 208
Charter International plc 210
DAIHEN Corporation 214
Denyo Company Limited 216
Doncasters Group Limited 217
ESAB Group, see Charter International
Fronius International GmbH 219
Hobart Brothers, see Illinois Tool Works
Illinois Tool Works Incorporated 222
Kaierda Group Limited 228
L'Air Liquide SA 229
Lincoln Electric Holdings Incorporated 231
Linde Group 236
Manufacturing Technology Incorporated 238
Miller Electric Manufacturing, see Illinois Tool Works
Miyachi Corporation 241
MTI Welding Technologies, see Manufacturing
Technology
Nelson Stud Welding, see Doncasters Group
NIMAK GmbH 244
OBARA Corporation 246
Panasonic Corporation 248
Praxair Incorporated 250
Rofin-Sinar Technologies Incorporated 252
Schunk Group 255
Smith Equipment, see Illinois Tool Works
Sonics & Materials Incorporated 256
Stapla Ultrasonics, see Schunk Group
Taylor-Winfield Technologies Incorporated 258
Thermadyne Holdings Corporation 260
Tianjin Bridge Welding Materials Group Company Limited 264
TRUMPF Group 265
voestalpine AG 267
Weldcraft, see Illinois Tool Works
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 8
2 Nonresidential Fixed Investment 11
3 Manufacturers' Shipments 14
4 Metal Product Shipments 16
5 Motor Vehicle Indicators 19
6 Aerospace & Other Transportation Equipment Shipments 21
7 Construction Expenditures 24
SECTION III -- WELDING TECHNOLOGIES
1 Major Arc Welding Processes 32
SECTION IV -- WELDING EQUIPMENT & CONSUMABLES OVERVIEW
1 Welding Equipment & Consumables Supply & Demand 68
2 Welding Equipment Foreign Trade 69
3 Welding Consumables Foreign Trade 71
4 Welding Equipment & Consumables Imports by Source 72
5 Welding Equipment & Consumables Exports by Destination 74
6 Selected Welding Equipment & Consumables Pricing 76
7 US Welding Market, 2000-2010 83
SECTION V -- WELDING EQUIPMENT
1 Welding Equipment Supply & Demand 92
2 Arc Welding Equipment Supply & Demand 97
3 Resistance Welding Equipment Supply & Demand 100
4 Oxyfuel Welding & Cutting Equipment Supply & Demand 104
5 Laser Beam Welding Equipment Supply & Demand 107
6 Ultrasonic Welding Equipment Supply & Demand 109
7 Other Welding Equipment Supply & Demand 112
SECTION VI -- WELDING CONSUMABLES
1 Welding Consumables Supply & Demand 115
2 Welding Electrode & Filler Metal Demand by Type 117
3 Welding Electrode & Filler Metal Demand by Material 120
4 Solid Wire Electrode & Filler Metal Demand 123
5 Stick Electrode & Filler Metal Demand 126
6 Flux- & Metal-Cored Welding Electrode Demand 129
7 Shielding & Oxyfuel Gas Demand 131
8 Shielding Gas Demand by Type 133
9 Argon Shielding Gas Demand 137
10 Helium Shielding Gas Demand 139
11 Carbon Dioxide Shielding Gas Demand 141
12 Nitrogen Shielding Gas Demand 142
13 Hydrogen Shielding Gas Demand 144
14 Oxyfuel Gas Demand by Type 145
15 Welding & Cutting Oxygen Demand 147
16 Welding & Cutting Acetylene Demand 150
17 Other Oxyfuel Gas Demand 152
SECTION VII -- WELDING EQUIPMENT
& CONSUMABLES MARKETS
1 Welding Equipment & Consumables Demand by Market 154
2 Manufacturing Market for Welding Equipment & Consumables 156
3 Fabricated Metal Products Market for Welding Equipment
& Consumables 159
4 Transportation Equipment Market for Welding Equipment
& Consumables 160
5 Motor Vehicle Market for Welding Equipment & Consumables 162
6 Marine Equipment Market for Welding Equipment
& Consumables 164
7 Aerospace Equipment Market for Welding Equipment
& Consumables 166
8 Other Transportation Equipment Market for Welding Equipment
& Consumables 167
9 Agricultural, Construction & Mining Equipment Markets for
Welding Equipment & Consumables 169
10 Other Manufacturing Markets for Welding Equipment
& Consumables 170
11 Construction Markets for Welding Equipment
& Consumables 173
12 Energy & Power Generation Markets for Welding Equipment
& Consumables 175
13 Repair & Maintenance Markets for Welding Equipment
& Consumables 177
14 Consumer & Other Markets for Welding Equipment
& Consumables 179
SECTION VIII -- INDUSTRY STRUCTURE
1 US Welding Equipment & Consumables Sales
by Company, 2010 182
2 Selected Acquisitions & Divestitures 199
LIST OF CHARTS
SECTION III -- WELDING TECHNOLOGIES
1 Schematic of Gas Metal Arc Welding (GMAW)
"MIG" Process 37
2 Schematic of Gas Tungsten Arc Welding (GTAW)
"TIG" Process 41
SECTION IV -- WELDING EQUIPMENT
& CONSUMABLES OVERVIEW
1 Welding Equipment & Consumables Imports by Source, 2010 73
2 Welding Equipment & Consumables Exports
by Destination, 2010 75
3 Welding Equipment Price Indices, 2000-2020 77
4 Electrode & Filler Metal Prices, 2000-2020 79
5 Selected Gas Prices, 2000-2020 81
6 Historical Market Volatility, 2001-2010 84
SECTION V -- WELDING EQUIPMENT
1 Welding Equipment Demand by Type, 2010 93
SECTION VI -- WELDING CONSUMABLES
1 Welding Electrode & Filler Metal Demand by Type, 2010 118
2 Shielding Gas Demand by Type, 2010 134
SECTION VII -- WELDING EQUIPMENT
& CONSUMABLES MARKETS
1 Welding Equipment & Consumables Demand
by Market, 2010 155
2 Manufacturing Market for Welding Equipment
& Consumables, 2010 157
SECTION VIII -- INDUSTRY STRUCTURE
1 US Welding Equipment & Consumables Market Share, 2010 183
2 US Welding Equipment Market Share, 2010 188
3 US Consumable Electrode & Filler Metal Market Share, 2010 189
4 US Oxyfuel & Shielding Gas Market Share, 2010 190
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Nicolas Bombourg
Reportlinker
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