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Global Welding & Cutting Market: Trends & Opportunities (2014-2019)

Published By :

Daedal Research

Published Date : Oct 2014

Category :

Parts & Suppliers

No. of Pages : 68 Pages

Scope of the Report

The report titled “Global Welding & Cutting Market: Trends & Opportunities (2013-2018)” provides an in-depth analysis of the global welding equipment and consumables with focus on technology used. It also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the industry has also been forecasted for the period 2014-19, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. Further, key players of the industry such as Lincoln Electric Holdings Inc., ESAB and Illinois Tool Works, Inc. (ITW) are profiled. 

Company Coverage

  • Lincoln Electric Holdings Inc.
  • ESAB
  • Illinois Tool Works, Inc. (ITW)

Technology Analysis 

  • Arc welding 
  • Resistance welding
  • Oxy-fuel Gas Welding & Cutting
  • Solid State Welding
  • Energy Beam welding
  • Other Welding

Executive Summary

Welding & cutting is the process of cutting and fusion of two surfaces primarily metals. The process dates back to the earliest days of metalworking, and continues to be used extensively even today to a wide variety of materials and products. Welding industry constitutes of welding consumables and equipments. Welding consumables generally function as electrodes which are used for joining two materials, most commonly metals. These products can be segmented into stick electrodes, solid wires, flux-cored wires and SAW wires & fluxes. 

The report segments the market based on technology, product types, application and key regions. Key technologies included in the report are arc welding, resistant welding, Oxy-fuel welding and cutting, solid state welding, energy beam welding and other welding. Regionally, Asia is the world’s largest market for welding equipment and consumables. 

The global welding and cutting industry has been experiencing strong growth from various end-user industries, primarily from world steel consumption, upcoming new power generation projects, demand from automotive & transportation industry and offshore developments. However, factors such as slowdown in global shipbuilding industry, high labor costs and safety issues in the industry are impeding industry’s growth. Noteworthy trends and developments of the industry includedominance of arc welding process and Friction Stir Welding (FSW) technology used in automobile industry globally.
Table of Content

1. Executive Summary

2. Global Welding & Cutting Market
2.1 Introduction
2.2 Welding Industry Structure
Figure 1: Global Welding Industry Structure

3. Global Welding & Cutting Market Analysis
3.1 Global Welding & Cutting Market Sizing
3.1.1 Market Sizing (Actual & Forecasted)
Figure 2: Global Welding Equipments & Consumables Market Size, 2010-13 (US$ Billions)
Figure 3: Global Welding Equipments & Consumables Market Size Forecast, 2014E-19E (US$ Billions)
3.2 Global Welding & Cutting Market Share
3.2.1 Market Share by Equipments & Consumables
Figure 4: Global Welding & Cutting Industry Revenue Share by Equipments & Consumables (2013)
3.2.2 Market Share by Product
Figure 5: Global Welding & Cutting Industry Revenue Share by Product (2013)
3.2.3 Market Share by Technology
Figure 6: Global Welding Products Market Share by Technology (2013)
3.2.4 Market Share by Competitors
Figure 7: Global Welding Market Share by Competitors (2013)
3.2.5 Market Share by End-Use
Figure 8: Global Welding Market Share by End-Use (2013E)

4. Welding Consumables Market - Product Segment Analysis
4.1 Overview
Figure 9: Welding Consumables Market – Product Segmentation
Table 1: Welding Consumables Product Analysis
4.2 Market Sizing (Actual & Forecasted)
Figure 10: Global Welding Consumables Market Size, 2007-13 (US$ Billions)
Figure 11: Global Welding Consumables Market Size Forecast, 2014E-19E (US$ Billions)
4.3 Market Size by Products (Actual & Forecasted)
4.3.1 Stick Electrodes Market Size (Actual & Forecasted)
Figure 12: Global Welding Consumables – Stick Electrodes Market Size, 2010-19E (US$ Billions)
4.3.2 Solid Wires Market Size (Actual & Forecasted)
Figure 13: Global Welding Consumables – Solid Wires Market Size, 2010-19E (US$ Billions)
4.3.3 Flux Cored Wires Market Size (Actual & Forecasted)
Figure 14: Global Welding Consumables – Flux Cored Wires Market Size, 2010-19E (US$ Billions)
4.3.4 SAW Wires & Fluxes Market Size (Actual & Forecasted)
Figure 15: Global Welding Consumables – SAW Wires & Fluxes Market Size, 2010-19E (US$ Billions)
4.3 Market Share by Region
Figure 16: Global Welding Consumables Market Share by Region (2013)

5. Welding Equipments Market - Segment Analysis
5.1 Market Sizing (Actual & Forecasted)
Figure 17: Global Welding Equipments Market Size, 2010-13 (US$ Billions)
Figure 18: Global Welding Equipments Market Size Forecasted, 2014E-19E (US$ Billions)
5.2 Market Share by Region
Figure 19: Global Welding Equipments Market Share by Region (2013)
6. Welding Products Market: Technology Analysis
6.1 Arc welding
Table 2: Arc Welding Characteristics & Applications
6.1.1 Market Share by Region
Figure 20: Global Arc Welding Market Share by Region (2012)
6.2 Resistance welding
Table 3: Resistance Welding Characteristics & Applications
6.3 Oxy-fuel Gas Welding & Cutting
Table 4: Oxy-fuel Welding Characteristics & Applications
6.4 Solid State Welding
Table 5: Solid State Welding Characteristics & Applications
6.5 Energy Beam welding
Table 6: Energy Beam Welding Characteristics & Applications
6.6 Other Welding
Table 7: Oxy-fuel Welding Characteristics & Applications

7. Welding Products Market: Application Analysis
Table 8: Trends & Key Needs in Welding End-User Industries

8. Global Welding & Cutting Market: Regional Analysis
Figure 21: Global Welding Equipments Market Share by Region (2012)
Figure 22: Global Welding Consumables Market Share by Region (2012)

9. Global Welding & Cutting Market: Growth Drivers & Challenges
9.1 Growth Drivers
9.1.1 World Steel Consumption
Table 9: World Steel Consumption, 2008-2020 (MMT)
9.1.2 New Power Generation Projects
9.1.3 Automotive & Transportation
Figure 23: Global Automobile Production, 2007-13 (in Million Vehicles)
9.1.4 Offshore Developments
Figure 24: Global Rig Count, 2003-2013 (Units)
9.2 Challenges
9.2.1 Slowdown in Shipbuilding Industry
Figure 25: Global New Shipbuilding Orders, 2007-2012 (Thousand CGT)
9.2.2 High Labor Costs
9.2.3 Safety Issues

10. Global Welding & Cutting Market Trends
10.1 Dominance of Arc Welding Process
10.2 Friction Stir Welding (FSW) Technology in Automobiles

11. Competitive Landscape
Figure 26: Revenue by Geography of Leading Industry Players, 2013 (US$ Millions)
Table 10: Acquisitions by Leading Players in Global Welding Industry

12. Company Profiles
12.1 Lincoln Electric Holdings, Inc.
12.1.1 Business Overview
Figure 27: Lincoln Electric Holdings, Inc. Net Sales by Product (2013)
12.1.2 Financial Overview
Figure 28: Lincoln Electric Holdings, Inc. Revenue, 2009-13 (US$ Billions)
12.1.3 Business Strategies
12.2 ESAB Global
12.2.1 Business Overview
Figure 29: Colflax Corporation Net Sales by Major Products (2013)
12.2.2 Financial Overview
Figure 30: ESAB Global Welding & Cutting Revenue, 2011-13 (US$ Billions)
12.2.3 Business Strategies
12.3 Illinois Tool Works, Inc. (ITW)
12.3.1 Business Overview
Figure 31: Illinois Tool Works, Inc. (ITW) Revenue by Product Category (2013)
12.3.2 Financial Overview
Figure 32: Illinois Tool Works, Inc. (ITW) Overall & Welding Revenue, 2011-13 (US$ Billions)
12.3.3 Business Strategies

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