Global Welding Equipment Market:
Overview
Welding is
a process of manufacturing or assembling employed to join materials such as
metals and thermoplastics. Metals or thermoplastics are joined together by
fusion of the intersecting materials. Welding is an evolving technology.
Commonly implemented welding technologies include shielded metal arc welding
(SMAW), gas tungsten arc welding (GTAW), gas metal arc welding (GMAW),
flux-cored arc welding (FCAW), and submerged arc welding (SAW).
A majority
of industrial products are manufactured by using the welding process. Hence,
the demand for welding equipment to carry out the welding process is rising globally.
However, use of new materials in various industries has led to the requirement
for innovative welding technologies. Thus, manufacturers are focusing on the
development of new welding machines and equipment to fulfill the rising demand.
The concept of robotic laser welding is also gaining popularity across the
globe. With help of robotic welding, manufacturers can weld parts in a quicker,
better, consistent, and safe manner. The demand for robotic laser welding is
high in the automotive industry, owing to the constant need for perfect joining
of two parts.
In terms
of technology, the welding
equipment market can be classified into arc welding, resistance
welding, oxy-fuel welding, laser beam welding, and others. The arc welding
segment dominated the market for welding equipment in 2017 and is expected to
gain maximum traction during the forecast period. Arc welding is the most
preferred technology in the manufacture of pipelines, offshore structures, and
other process equipment. Arc welding technology is widely applied for chassis
parts, owing to ease of continuous joining and high strength and rigidity of
joints that the technology provides. Advanced arc welding technologies are also
being introduced to improve productivity and efficiency. The increasing trend
of reduction in the weight of car bodies is driving the demand for advanced arc
welding technologies.
According
to the level of automation, the market for welding equipment has been
classified into manual, semi-automatic, and automatic. Automatic welding
machines are highly preferred across various industries. They are being adopted
on a large scale across industries to accelerate the production process and
manufacture high-quality products. Manufacturing units across industries are
installing automated welding assembly lines to attain maximum speed of the
welding process and yield better products. Various industries including
automotive and building & construction are becoming highly automated.
Hence, companies are adopting automatic welding machines. Manufacturers of
welding equipment are also conducting extensive research to develop welding
technology and equipment that can help in welding new types of materials used
across various industries.
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Global Welding Equipment Market: Key Segments
In terms
of application, the welding equipment market has been classified into
automotive & transportation, building & construction, marine, aerospace
& defense, oil & gas, metalworking, and others. Growth of the
automotive & transportation sector is anticipated to drive the welding
equipment market between 2018 and 2026. Production of cars is set to outpace sales
during the forecast period, as global carmakers are strengthening their
domestic output. The welding equipment market is expected to benefit from this
factor in the near future, as automotive is one of the key end-user industry
segments of the market. Various materials such as steel, glass, rubber, copper,
aluminum, and plastic are used in different parts of a vehicle. Metals employed
in the manufacture of automobiles are joined by using different methods. These
include temporary methods such as bolts, screws, and rivets and permanent
methods such as welding. Automotive & transportation was the key end-user
segment of the welding equipment market in 2017.
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Based on
region, Europe is anticipated to dominate the global welding equipment market
from 2018 to 2026, followed by Asia Pacific. This can be attributed to rising
demand from automotive, transportation, electronics, heavy machinery, and
construction industries in Europe. Moreover, remarkable increase in energy
efficiency offered by robotic welding equipment is anticipated to augment the
demand for these equipment in Europe and North America in the near future.
Also, significant government investments in the U.S. are expected to fuel the
welding equipment market in the country during the forecast period.
Global Welding Equipment Market: Key Players
Key
players operating in the global welding equipment market include Daihen
Corporation, Air Liquide SA, Bohler Thyssen Welding USA Inc., Panasonic Welding
Systems Co. Ltd., Rofin-Sinar Technologies Inc., ARCON Welding, LLC, Carl Cloos
Schweisstechnik GmbH, ACRO Automation Systems, Illinois Tool Works Inc., Banner
Welder Inc., and Lincoln Electric Holdings Inc.
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