Welding Equipment & Consumables Market

Nov 03, 2011, 09:30 ET from Reportlinker

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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