Market Overview

Welding is one of the critical processes employed in the manufacturing sector. The growth of the latter one has a profound impact on the former one. Manufacturing is enjoying a resurgence in Europe, one of the regions with major manufacturing output. Manufacturing is the backbone of the European economy. The ongoing 4th Industrial Revolution (Industry 4.0) is impacting manufacturing at a global level, starting with developed countries, and progressively spreading to emerging countries. The ubiquitous use of sensors, along with the expansion of wireless communication and networks, and with the deployment of increasingly intelligent robots and machines, has the potential to transform the way manufacturing is done in Europe. Such a digital industrial revolution holds the promise of increased flexibility in production, mass customization, increased speed, better quality, and improved productivity. This scenario has created a need to strengthen the competitiveness of the European welding industry with an in-depth focus on technology. As per the industry sources, the market seems mature, and conventional techniques, such as arc welding and resistance welding, are the mostly employed for welding applications by a majority of the end users. Additionally, a growing demand for welding robots is also observed. With their most extensive use found in the automotive industry, welding robots can easily be reprogrammed to accommodate flexible production processes.

Scope of the Report

A complete background analysis of the European welding equipment market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, production statistics, and geographical coverage are covered in the report.

Key Market Trends

Insights on Steel Consumption Trends in Europe

European steel industry is getting back onto a more stable footing, with employment and production levels stable or rising. Imports stalled slightly in 2017 after years of relentless growth, and the expansion of steel-using sectors continued. The overall market situation of the steel sector is relatively positive. Apparent consumption increased by 1.3% in 2017, to 159 million metric ton. Indexed steel use was up by 4.8% in construction, by 3.7% in automotive, by 6% in mechanical engineering, and by just over 7% in tubes. According to industry sources, majority of the steel consumption in Europe happens through welding process, which represents an increased trend for the welding activity in the region. Additionally, this is a good opportunity for the equipment manufacturers to tap the growing market.

Furthermore, higher steel consumption is anticipated to provide more job opportunities for welders in the region. Europe is focusing heavily on implementing training modules to provide skilled workers for the welding industry. Weld 4.0 will have a profound impact on the skills and competences required of welding professionals, as well as learning methodologies, bringing them into the Digital Age. As most companies in Europe continue powering ahead to get into the Digital Age of Industry 4.0, they need to ensure that their professionals’ qualifications are updated with digital welding skills and competences to keep up with these changes.

Spotlight on the Russian Welding Industry

Growth in the Russian oil and gas industry has allowed the welded pipes market to expand in the country. This growth, coupled with the government’s plans to develop new plants in the future, has created a positive wave in the welding equipment market in Russia. In Russia, the oil and gas industry is the major contributor to the economy, and it accounts for 16% of GDP, 52% of government budget revenues, and 70% of total exports. The Russian oil and gas industry witnessed heavy investments from major companies, like Gazprom, Tatneft, Lukoil, and Rosneft. In the recent years, the value of RUB declined in the global market, resulting in low costs for entry and equipment. Russia imports several types of welding equipment from other European countries, China, and the United States, as its domestic production is low. In Russia, the import share of welding equipment is increasing significantly. In Russia, almost all the machinery and raw materials required for the production of welding equipment have to be imported. Thus, it is essential for companies to invest in R&D of the market studied, along with implementation of state-initiated programs for the enhancing the production capacities of welding equipment.

Competitive Landscape

Since Europe is home to some of the top global welding equipment manufacturers like Kemppi Oyy, Elektriska Svetsnings-Aktiebolaget (ESAB), etc., the European welding equipment market seems to be partially concentrated. Additionally, some regional players are also entering into the market with prime focus on advanced technologies, which creates a healthy competition in the market.

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Scope of the Market

1.2 Market Definition

1.3 Executive Summary

2 RESEARCH METHODOLOGY

2.1 Study Deliverables

2.2 Study Assumptions

2.3 Analysis Methodology

2.4 Research Phases

3 MARKET INSIGHTS

3.1 Current Market Scenario

3.2 Technological Trends – Robotics and Automation

3.3 Insights on the Steel Industry

3.4 Role of E-Commerce – Analyst View

3.5 Brief on the Global Industrial Laser Market and Opportunity for Laser Welding

3.6 Spotlight on Disruptive Welding Techniques*

4 MARKET DYNAMICS (DRIVERS, RESTRAINTS, AND OPPORTUNITIES)

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Porters Five Forces Analysis

4.5 Industry Value Chain Analysis

5 MARKET SEGMENTATION

5.1 By Type

5.1.1 Welding Equipment

5.1.2 Welding Consumables

5.2 By Process

5.2.1 Arc Welding

5.2.2 Gas Welding

5.2.3 Soldering and Brazing

5.2.4 Other Processes (Resistance Welding, Forge Welding, etc.)

5.3 By End-user

5.3.1 Construction and Infrastructure

5.3.2 Oil and Gas

5.3.3 Energy and Power

5.3.4 Automotive and Shipbuilding

5.3.5 Aerospace and Defense

5.3.6 Heavy Engineering

5.3.7 Railways

5.3.8 Other End Users

5.4 By Geography

5.4.1 Germany

5.4.2 United Kingdom

5.4.3 France

5.4.4 Italy

5.4.5 Russia

5.4.6 Finland

5.4.7 Netherlands

5.4.8 Belgium

5.4.9 Rest of Europe

6 COMPETITIVE LANDSCAPE

6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Concentration Overview

6.3 Strategies Adopted by Major Players

7 COMPANY PROFILES

7.1 Lincoln Electric Holdings Inc. (Air Liquide)

7.2 Kemppi Oy

7.3 Elektriska Svetsnings-Aktiebolaget (ESAB)

7.4 Amada Co. Ltd

7.5 Colfax Corporation

7.6 Fronius International GmbH

7.7 EWM AG

7.8 Carl Cloos Schweisstechnik GmbH

7.9 Hobart Welders

7.10 Denyo Co. Ltd

7.11 W. W. Grainger Inc

7.12 Obara Corporation

7.13 Polysoude SAS

7.14 CEBORA S.p.A

7.15 TRUMPF Group

7.16 voestalpine Group

* List not exhaustive

8 APPENDIX

8.1 Insights on Capital Flows

8.2 Economic Statistics of Key Countries � Manufacturing Sector Contribution to Economy

8.3 External Trade Statistics of the Welding Market � Export and Import, by Product-key Countries*

9 DISCLAIMER

MARKET SEGMENTATION

By Type

Welding Equipment

Welding Consumables

By Process

Arc Welding

Gas Welding

Soldering and Brazing

Other Processes (Resistance Welding, Forge Welding, etc.)

By End-user

Construction and Infrastructure

Oil and Gas

Energy and Power

Automotive and Shipbuilding

Aerospace and Defense

Heavy Engineering

Railways

Other End Users

By Geography

Germany

United Kingdom

France

Italy

Russia

Finland

Netherlands

Belgium

Rest of Europe