Reportstack has announced a new market research publication on Global Welding Equipment Market 2014-2018. The following companies are the key players in the Global Welding Equipment Market: Colfax Corp., Illinois Tool Works Inc., Lincoln Electric Holdings Inc., and Victor Technologies International Inc. “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. Further, the report states that one of the major challenges in this market is the slow growth of the Shipbuilding, Aerospace, and Defense industries. These industries are capital-intensive in nature and require a large amount of investment and workforce. Moreover, these industries are solely dependent on the market conditions and hence procure welding equipment only on a need basis.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/148249/global-welding-equipment-market-2014-2018.html.