Report explores future of global welding equipment market

Research and Markets, Dublin, Ireland, has released the report, "Global Welding Equipment Market (Arc, Laser Beam, Resistance, Oxy-Fuel).”

The comprehensive research report analyzes the global welding equipment market on the basis of technology, end-use industry (building and construction, automotive and transportation, marine, oil and gas, aerospace and defense, and others), region (North America, Europe, Asia Pacific, and rest of the world), and country (U.S., Canada, U.K., Germany, China, India, South Africa, and Brazil).

Rising construction and manufacturing activity worldwide, growth in the automobile industry, increasing demand for energy, and the emergence of friction stir welding technology are the key factors fueling the growth of the welding equipment market.

The Asia-Pacific region leads the market because of its large population and its growing demand by the construction, automobile, steel, and marine (oil and gas) industries. China and India are the key countries in the welding and cutting equipment market because of their high industrial growth rate, increase in the construction sector, and the high growth rate of the automotive industry. China, Japan, South Korea, and Malaysia have accelerated the growth of the market.

North America is the second-largest market for welding equipment. The automobile segment in North America has been growing each year, and this has boosted the North American welding equipment market. Europe is likely to witness low growth on account of a steep decline in crude oil prices and the ongoing euro zone crises.

The Middle East, Latin America, and Africa are predicted to have a substantial rise in demand for welding equipment. Laser beam welding is expected to grow at the fastest rate, followed by resistance welding.

Shortage of skilled labor, slow adoption of advanced welding technologies, and slow growth in the marine and defense industries are the biggest restraints the welding equipment market faces.

For more information, visit www.researchandmarkets.com/publication/mt7xoss/3961123.