Global Arc Welding Equipment Market 2017-2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Arc Welding Equipment Market 2017-2021" report to their offering.

The analysts forecast the global arc welding equipment market to grow at a CAGR of 4.30% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global arc welding equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of arc welding equipment.

According to the report, one of the major drivers for this market is positive outlook for global construction sector. The positive outlook in the overall construction industry is expected to a significant positive impact on the global arc welding equipment market. Welding equipment is used extensively in the construction industry, especially in the welding of structural steel. The use of structural steel within the industry has become imperative and is considered an important raw material for this industry.

The latest trend gaining momentum in the market is redressing the issue of growing skills gap. The global welding industry is expected to witness a massive shortfall of a skilled workforce. The company predicts that in the next five years, the US welding industry will experience a substantial shortfall in a skilled workforce. This is an alarming situation that will impact the metal fabrication and manufacturing industry significantly. This has encouraged the development of new technologies to address the dearth of skilled welding equipment operators and cater to the demand of customers

Market Dynamics

Market drivers

- Positive outlook for global construction sector

- Rise in wind energy consumption

- Amplified demand for water and wastewater industry

Market challenges

- Growing popularity of friction-stir welding in automotive sector

- Poor quality of welded products

- Emergence of laser welding equipment

Market trends

- Redressing the issue of growing skills gap

- Competitive landscape driving new technologies

- Advent of new materials

Key vendors

- Colfax

- Fronius

- ITW

- Lincoln Electric

Other prominent vendors

- Amada Miyachi

- American Torch Tip

- Arc Machines

- Automation International

- Beijing Time Technologies

- CEA

- Daihen

- Doncasters Group

- Kobe Steel

- NIMAK

- Panasonic Welding Systems

- Shandong Aotai Electric

- Shanghai Hugong Electric Group

- Shenzhen Riland Industry

- Telwin

For more information about this report visit http://www.researchandmarkets.com/research/4ztrv7/global_arc

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Machine Tools

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Machine Tools