Research and Markets: Global Welding Equipment Market 2015-2019 with Colfax, Illinois Tool Works & Lincoln Electric Company Dominating
March 3, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/s585fd/global_welding) has announced the addition of the “Global Welding Equipment Market 2015-2019” report to their offering.
The Global Welding Equipment market to grow at a CAGR of 5.34% over the period 2014-2019
Welding is a type of fabrication process that is used to repair metallic and non-metallic components and products in manufacturing industries. Many industries need welding technology because it provides an efficient and easy method of fusing materials. The welding process is used in various industries such as Automotive, Shipbuilding, Aerospace, Energy, Oil and Gas, Offshore Exploration, and Construction. End-users use metals, gases, and other consumables in the welding process.
One key trend upcoming in the market is the automation of the welding equipment. There has been a continuous shift from manual to automatic welding in the Welding industry in recent years. The need to automate manufacturing processes is one of the major requirements of the Global Welding Equipment market.
According to the report, one of the major drivers in this market is the increased demand from emerging countries. Industrialization, modernization, and urbanization are the three factors that are determining the demand for welding equipment in the emerging countries.
Further, the report states that one of the major challenges in this market is the slow adoption of advanced technologies in the APAC region. The end-users in the APAC region are price conscious and are still reluctant to adopt new technologies because of the price of procurement.
Key Vendors
- Colfax
- Illinois Tool Works
- Lincoln Electric Company
Other Prominent Vendors
- Air Liquide
- ARCON Welding
- Bohler Welding Group
- Denyo
- Fronius International
- Hyundai Welding
- Kemppi
- Kobelco
- OBARA
- Panasonic
- Tianjin Bridge Welding Materials Group
For more information visit http://www.researchandmarkets.com/research/s585fd/global_welding
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