Oxy-fuel Welding and Cutting Market - Overview
Oxy-fuel welding and cutting is also known as gas welding and cutting or oxy welding and cutting. This can be defined as the process of joining metals by application of heat created by the gas flame. In oxy-fuel welding, a welding torch is used to weld metals whereas, in oxy-fuel cutting, a torch is used to heat metal to its kindling temperature. In oxy-fuel welding and cutting process, metals are welded buy using a welding torch. The metal is being heated to its kindling temperature by the torch.
Oxy-fuel Welding and Cutting Market - Trends and Opportunities
The primary factor driving the global oxy-fuel welding and cutting market include rising utilization in repair and fabrication industry sector. This is mainly due to its superior features than other welding techniques used in such industry. The oxy-fuel welding and cutting equipment requires minor investment and can be used for welding and cutting a large variety of materials. This helps small scale welding shops to use oxy-fuel welding and cutting equipment instead of baring welder’s wages. This is anticipated to propel the growth of the global oxy-fuel welding and cutting market during the forecast period of 2019-2027. Moreover, oxy-fuel welding and cutting equipment are the least complex technique and require a minimum set up operation, which results in rising popularity among end users and is anticipated to create new opportunities for the global oxy-fuel welding and cutting market over the forecast period. In addition, oxy-fuel welding and cutting equipment do not need electricity for their operation. These factors are likely to put a positive impact on the growth of the global market and projected to drive the global oxy-fuel welding and cutting market at a significant pace.
Oxy-fuel Welding and Cutting Market - Segmentation
However, the pressurized gases such as oxygen and associated with the oxy-fuel welding and cutting equipment are dangerous for the human body, which is resulting in decreasing demand of these equipment and likely to hamper the growth of the global oxy-fuel welding and cutting equipment in the next coming years.
The global oxy-fuel welding and cutting market can be segmented into application, component, and geography. Based on application the global oxy-fuel welding and cutting market can be segmented into energy & utilities, aerospace, transportation, metal fabrication, maintenance and repair, automotive, and others. The component segment can be segregated into tanks, pressure regulator, cutting torch, return valves, and hose. On the basis of geography, the global market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Among all the regions, North America is anticipated to dominate the global market. This is mainly due to increasing repair and fabrication activities across the region. In addition, the rising number of retailers of oxy-fuel welding and cutting equipment is expected to create new opportunities for the global oxy-fuel welding and cutting market.
Oxy-fuel Welding and Cutting Market - Key Players
Some of the prominent players operating in global oxy-fuel welding and cutting market include Illinois Tool Works Inc., Tewelding Engineers, Koike Aronson, Inc., Uniweld Products, Inc., Colfax Corporation, Rotarex S.A., The Eastwood Company, Flame Technologies, Inc., American Torch Tip Company, Detroit Torch & Mfg. Co., Quality Components Co. Inc., and Rexarc International, Inc. among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.