Latest Sonics & Materials (SIMA) Headlines Glob
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Posted On: 03/11/2014 8:50:22 AM
Latest Sonics & Materials (SIMA) Headlines
Global Welding Equipment Market 2014-2018: with Lincoln Electric Holdings Inc., Colfax Corp., and Victor Technologies International Inc Dominating
M2 - Wed Jan 22, 5:53AM CST
Research and Markets (http://www.researchandmarkets.com/research/mwv3mx/global_welding) has announced the addition of the "Global Welding Equipment Market 2014-2018" report to their offering. The analysts forecast the Global Welding Equipment market to grow at a CAGR of 6.62 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increasing demand from the Energy, Construction, and Automotive industries. The Global Welding Equipment market has also been witnessing the shift from manual to automatic welding. However, the slow growth of the Ship Building, Aerospace, and Defence industries could pose a challenge to the growth of this market. Key vendors dominating this space are Illinois Tool Works Inc., Lincoln Electric Holdings Inc., Colfax Corp., and Victor Technologies International Inc. Other vendors mentioned in the report are Lincoln Electric Holdings Inc., Illinois Tool Works Inc., Charter International Ltd., OBARA Corp., Victor Technologies International Inc., Tianjin Bridge Welding Materials Group Co. Ltd., ARCON Welding LLC, Denyo Co. Ltd., Fronius International GmbH, Kaierda Group Ltd., Manufacturing Technology Inc., NIMAK GmbH, Panasonic Corp., Sonics & Materials Inc., and Taylor-Winfield Technologies Inc. Commenting on the report, an analyst from the team said: There has been a continuous shift from manual to automatic welding, which is a recent trend witnessed in the market. The need to automate manufacturing processes has been one of the major requirements in the market in recent years. The increasing shortage of skilled labor poses a major challenge to many manufacturing industries across the globe, especially in developed countries. Therefore, manufacturing companies in developed countries have adopted welding robots for their manufacturing process to reduce their dependency on manual labor. The labor costs in developed countries are increasing, which in turn increases the overall manufacturing cost of products. To reduce the manufacturing costs and mitigate the shortage of labor, companies have started to adopt industrial robotics. Some developing countries have also started to adopt robotics due to the increase in labor costs. Therefore, the increased need for automation is expected to be one of the major trends that will propel the growth of the market during the forecast period. According to the report, one of the major drivers in this market is the increasing demand from the Energy, Construction, and Automotive industries. These end-user industries are witnessing rapid growth, and are hence providing welding equipment manufacturers with vast opportunities. For more information visit http://www.researchandmarkets.com/research/mw...al_welding About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Global Welding Equipment Market 2014-2018: with Lincoln Electric Holdings Inc., Colfax Corp., and Victor Technologies International Inc Dominating
M2 - Wed Jan 22, 5:53AM CST
Research and Markets (http://www.researchandmarkets.com/research/mwv3mx/global_welding) has announced the addition of the "Global Welding Equipment Market 2014-2018" report to their offering. The analysts forecast the Global Welding Equipment market to grow at a CAGR of 6.62 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increasing demand from the Energy, Construction, and Automotive industries. The Global Welding Equipment market has also been witnessing the shift from manual to automatic welding. However, the slow growth of the Ship Building, Aerospace, and Defence industries could pose a challenge to the growth of this market. Key vendors dominating this space are Illinois Tool Works Inc., Lincoln Electric Holdings Inc., Colfax Corp., and Victor Technologies International Inc. Other vendors mentioned in the report are Lincoln Electric Holdings Inc., Illinois Tool Works Inc., Charter International Ltd., OBARA Corp., Victor Technologies International Inc., Tianjin Bridge Welding Materials Group Co. Ltd., ARCON Welding LLC, Denyo Co. Ltd., Fronius International GmbH, Kaierda Group Ltd., Manufacturing Technology Inc., NIMAK GmbH, Panasonic Corp., Sonics & Materials Inc., and Taylor-Winfield Technologies Inc. Commenting on the report, an analyst from the team said: There has been a continuous shift from manual to automatic welding, which is a recent trend witnessed in the market. The need to automate manufacturing processes has been one of the major requirements in the market in recent years. The increasing shortage of skilled labor poses a major challenge to many manufacturing industries across the globe, especially in developed countries. Therefore, manufacturing companies in developed countries have adopted welding robots for their manufacturing process to reduce their dependency on manual labor. The labor costs in developed countries are increasing, which in turn increases the overall manufacturing cost of products. To reduce the manufacturing costs and mitigate the shortage of labor, companies have started to adopt industrial robotics. Some developing countries have also started to adopt robotics due to the increase in labor costs. Therefore, the increased need for automation is expected to be one of the major trends that will propel the growth of the market during the forecast period. According to the report, one of the major drivers in this market is the increasing demand from the Energy, Construction, and Automotive industries. These end-user industries are witnessing rapid growth, and are hence providing welding equipment manufacturers with vast opportunities. For more information visit http://www.researchandmarkets.com/research/mw...al_welding About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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