Laser Welding Penetration in China to Reach around 21% by 2019, States Chisult Insight Market Research Report Available at MarketPublishers.com11 Oct 2016 • by Natalie Aster
LONDON – In 2015 the welding equipment industry saw an ongoing decrease in the key economic indicators like revenue, export, etc.; however, investments in R&D to create new products increased by 18.8% as against the figure in 2014. Hence, the players are trying to keep their competitive edge in the currently depressed marketplace.
In China the sales and output of welding equipment declined in 2015 by 24% and 22% respectively, and the inventory surged by 33%. The proportion of inverter arc welding machine both in sales and output kept on growing in the same year. Amongst which, the proportion of MIG/MAG arc welder witnessed the biggest increase of around 4.6%.
Laser welding is forecast to keep on growing based on the steady conventional Chinese auto marketplace and the vibrant EV market. Laser applications for cutting and welding enable highly automated and flexible industrial systems. During the period, various laser applications have already taken the place of big sections of classic fabrication methods like resistance spot welding. Conventional applications are the welding of doors, door steps, side walls, floor groups, roof joints, the front of the vehicle, and hood parts. The penetration rate of laser welding is projected to reach 17%-21% by 2019-end, with extra opportunities stemming from the usage of laser welding in certain auto parts.
In-demand report “China Welding Equipment Industry Research Report, 2016-2019” elaborated by Chisult Insight provides a comprehensive analysis of the welding equipment industry worldwide with a focus on China.
The study gives an analysis of the industry, covering product overview, industry chain, industrial policies, mainstream application technology, etc. It examines the downstream and upstream sectors. The report examines the market, covering market size, imports and exports, and market prospects. It casts light on the competitive landscape and reviews the major competitors. Detailed market segmentation is provided by product and region. The report includes detailed profiles of the leading domestic and overseas players. Furthermore, an analysis of the industry development trends and growth points can also be found in the publication.
More reports by this publisher are available at Chisult Insight page.