Market Overview:
The global Automatic Tank Girth Welding Machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automatic tank girth welding machines from various end-use industries, such as oilfield, nuclear power plant, and others. In addition, the increasing adoption of automatic tank girth welding machines by small and medium-sized enterprises is also contributing to the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market during the forecast period.
Product Definition:
An Automatic Tank Girth Welding Machine is a welding machine that is used to weld the circumference of a tank. The importance of an Automatic Tank Girth Welding Machine is that it provides a consistent and reliable way to weld the circumference of a tank.
Single Side:
Single side is a method of welding two or more metals together without the use of a filler metal. It's an advanced technique that has been used for thousands of years in various applications such as shipbuilding, bridge construction and others. In modern times, single side is widely used in the automotive industry to weld steel pipes and other components where it's required to have low porosity levels along with high tensile strength properties.
Double Side:
Double side is a method of welding two metal sheets together at right angles to form a welded seam. It is widely used in the automotive industry for joining two metals or alloys, most commonly aluminum and steel. The process takes less time as compared to other methods such as single side and back-to-back welding which makes it suitable for mass production.
The global automatic tank girth welding machine market was valued at USD 6,48,828 in 2016.
Application Insights:
The oilfield application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for automatic tank girth welders from various oil and gas companies across the globe, especially in countries with mature infrastructure, high cost of production as well as labor, and low-cost energy sources such as China and India.
Nuclear power plant construction is expected to emerge as another lucrative segment over the next eight years owing to rising demand from European countries including France, UK & Germany along with other regions such as North America and Asia Pacific. The industry also has a positive impact on regional economies through direct employment opportunities along with additional spending on equipment & materials that accounts for around USD 40 million per year globally which will eventually boost overall economic development in these regions over the long term span.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for automatic tank girth welding machines over the forecast period. The growth can be attributed to increasing demand for oil and gas in countries such as China, India, and Japan. In addition, rising nuclear power plant construction in countries such as China and India is also likely to drive product demand over the next eight years.
North America accounted for a significant share of global revenue owing to high oil & gas production coupled with stringent government regulations regarding emission control standards set by U.S EPA’s Clean Air Act along with other environmental protection agencies are projected favorably impact industry growth in this region over the forecast period.
Europe was estimated at USD X million in 2017 owing to presence of major nuclear power plant constructors including EDF Energy Group; RHI Electricite de France SA; Enel SpA; Irena Gas Transmission Ltd.
Growth Factors:
- Increasing demand for automatic tank girth welding machines from the oil and gas industry as it helps in reducing the time taken for welding large diameter pipes.
- Growing popularity of automated welding systems that help in improving the quality of welds and reducing wastage.
- Rising investments by manufacturing companies towards modernization of their production facilities to increase efficiency and output.
- Technological advancements in automatic tank girth welding machines that offer enhanced performance and productivity.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automatic Tank Girth Welding Machine Market Research Report
By Type
Single Side, Double Side, Others
By Application
Oilfield, Nuclear Power Plant, Others
By Companies
Koike Aronson Ransome, BUG-O Systems, Tank Welding LLC, Irizar Heavy Industries Inc., Key Plant, Anateco SA, WINCOO Engineering, Zhengzhou Yueda Technology Equipment Co., Ltd, All Time, Shandong Shuipo Welding & Cutting Equipment, Nanjing Automation Co.,Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Automatic Tank Girth Welding Machine Market Report Segments:
The global Automatic Tank Girth Welding Machine market is segmented on the basis of:
Types
Single Side, Double Side, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oilfield, Nuclear Power Plant, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Koike Aronson Ransome
- BUG-O Systems
- Tank Welding LLC
- Irizar Heavy Industries Inc.
- Key Plant
- Anateco SA
- WINCOO Engineering
- Zhengzhou Yueda Technology Equipment Co., Ltd
- All Time
- Shandong Shuipo Welding & Cutting Equipment
- Nanjing Automation Co.,Ltd
Highlights of The Automatic Tank Girth Welding Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Side
- Double Side
- Others
- By Application:
- Oilfield
- Nuclear Power Plant
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automatic Tank Girth Welding Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automatic tank girth welding machine is a type of industrial robot used for welding and cutting metal. It uses an arc welder to weld two pieces of metal together, and a saw to cut the welded seam.
Some of the key players operating in the automatic tank girth welding machine market are Koike Aronson Ransome, BUG-O Systems, Tank Welding LLC, Irizar Heavy Industries Inc., Key Plant, Anateco SA, WINCOO Engineering, Zhengzhou Yueda Technology Equipment Co., Ltd, All Time, Shandong Shuipo Welding & Cutting Equipment, Nanjing Automation Co.,Ltd.
The automatic tank girth welding machine market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automatic Tank Girth Welding Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automatic Tank Girth Welding Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automatic Tank Girth Welding Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automatic Tank Girth Welding Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automatic Tank Girth Welding Machine Market Size & Forecast, 2020-2028
4.5.1 Automatic Tank Girth Welding Machine Market Size and Y-o-Y Growth
4.5.2 Automatic Tank Girth Welding Machine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Side
5.2.2 Double Side
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oilfield
6.2.2 Nuclear Power Plant
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automatic Tank Girth Welding Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automatic Tank Girth Welding Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Side
9.6.2 Double Side
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oilfield
9.10.2 Nuclear Power Plant
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Side
10.6.2 Double Side
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oilfield
10.10.2 Nuclear Power Plant
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Side
11.6.2 Double Side
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oilfield
11.10.2 Nuclear Power Plant
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Side
12.6.2 Double Side
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oilfield
12.10.2 Nuclear Power Plant
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Side
13.6.2 Double Side
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oilfield
13.10.2 Nuclear Power Plant
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automatic Tank Girth Welding Machine Market: Competitive Dashboard
14.2 Global Automatic Tank Girth Welding Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Koike Aronson Ransome
14.3.2 BUG-O Systems
14.3.3 Tank Welding LLC
14.3.4 Irizar Heavy Industries Inc.
14.3.5 Key Plant
14.3.6 Anateco SA
14.3.7 WINCOO Engineering
14.3.8 Zhengzhou Yueda Technology Equipment Co., Ltd
14.3.9 All Time
14.3.10 Shandong Shuipo Welding & Cutting Equipment
14.3.11 Nanjing Automation Co.,Ltd
