Market Overview:
The global orbital welding market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for orbital welding in various end-use industries such as aerospace, boiler tube, pharmaceutical industry, semiconductor industry and others. In addition, the growing demand for automated welding systems 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:
Orbital welding is a welding process that uses a circular or orbital motion to weld metals. This type of welding is especially useful for large pieces of metal, because it creates a more even weld than other methods.
Usage: Orbital welding is used in many industries, including automotive and aerospace manufacturing.
Gas Tungsten Arc Welding:
Gas tungsten arc welding (GTAW) is a process that uses an electric arc to heat and weld metal. It is one of the oldest methods used for joining metals, along with the electron beam and laser beam. The method works by vaporizing tungsten wire into a plasma which then flows over the metal pieces to be welded, fusing them together.
Gas Metal Arc Welding:
Gas metal arc welding (MMAW) is one of the most popular forms of orbital welding. It uses a gas such as carbon dioxide or argon along with a metal wire feedstock to produce a weld pool. The process produces an excellent finish and has high deposition rates on metals, glass, ceramics and other difficult to weld materials.
Application Insights:
The demand for OOW in aerospace application accounted for the largest market share of over 40% in 2017. The growth is attributed to the increasing use of OOW to manufacture aircraft components including fuselage, doors, and wings. In addition, favorable government policies such as tax incentives offered on installing equipment are expected to drive the demand further.
Orbital welding plays a significant role in manufacturing high-quality steel used in boiler tubes and other components used across various industries including oil & gas and pharmaceuticals. Furthermore, it also has a major application scope within semiconductor industry which includes integrated circuits (ICs), super capacitors/PCB laminates/chipsets etc., owing to its properties such as precise dimensional tolerance along with strength and flexibility enhancement that enhances product performance significantly over conventional processes like resistance welding or spot welding IC fabrication process requires multiple operations like drilling holes & tapping screws before assembling an IC into a printed circuit board (PCB).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing demand for high-quality steel products from developing economies, such as China, India, and Japan. In addition, growing infrastructure activities in this region are projected to drive the product demand further.
The presence of major aerospace companies including Boeing; Airbus Industries; Lockheed Martin Corporation; BAE Systems plc.; Raytheon Technologies Corporation; United Technologies Inc.; General Electric Co.; Harris Corporation Aerospace & Defense Group has led to increased production of aircraft parts across Asia Pacific countries which is anticipated to fuel growth over the next eight years.
Europe accounted for a significant share in terms of volume as well as revenue owing mainly to large automotive manufacturing bases present across Germany, U.K.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Growing popularity of electric vehicles
- Rising demand from the aerospace and defense sectors
- Rapid growth in the construction industry
- Increasing adoption of orbital welding in automotive manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Orbital Welding Market Research Report
By Type
Gas Tungsten Arc Welding, Gas Metal Arc Welding, Flux Core Arc Welding, Others
By Application
Aerospace, Boiler Tube, Pharmaceutical Industry, Semiconductor Industry, Others
By Companies
Polysoude, Magnatech, Axxair, ARC MACHINES, High Purity Systems, Axenics, Critical Systems, GMCK Gallagher＆McKinney, Orbitalservice
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Orbital Welding Market Report Segments:
The global Orbital Welding market is segmented on the basis of:
Types
Gas Tungsten Arc Welding, Gas Metal Arc Welding, Flux Core Arc Welding, 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
Aerospace, Boiler Tube, Pharmaceutical Industry, Semiconductor Industry, 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:
- Polysoude
- Magnatech
- Axxair
- ARC MACHINES
- High Purity Systems
- Axenics
- Critical Systems
- GMCK Gallagher＆McKinney
- Orbitalservice
Highlights of The Orbital Welding 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:
- Gas Tungsten Arc Welding
- Gas Metal Arc Welding
- Flux Core Arc Welding
- Others
- By Application:
- Aerospace
- Boiler Tube
- Pharmaceutical Industry
- Semiconductor Industry
- 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 Orbital Welding 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?
Orbital welding is a process that uses an electric arc to join two pieces of metal. The electric arc melts the metal and forms a joint between the two pieces.
Some of the major players in the orbital welding market are Polysoude, Magnatech, Axxair, ARC MACHINES, High Purity Systems, Axenics, Critical Systems, GMCK Gallagher＆McKinney, Orbitalservice.
The orbital welding market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orbital Welding 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 Orbital Welding Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orbital Welding 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 Orbital Welding 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 Orbital Welding Market Size & Forecast, 2018-2028
4.5.1 Orbital Welding Market Size and Y-o-Y Growth
4.5.2 Orbital Welding Market Absolute $ Opportunity
Chapter 5 Global Orbital Welding 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 Orbital Welding Market Size Forecast by Type
5.2.1 Gas Tungsten Arc Welding
5.2.2 Gas Metal Arc Welding
5.2.3 Flux Core Arc Welding
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Orbital Welding 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 Orbital Welding Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Boiler Tube
6.2.3 Pharmaceutical Industry
6.2.4 Semiconductor Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orbital Welding 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 Orbital Welding 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 Orbital Welding Analysis and Forecast
9.1 Introduction
9.2 North America Orbital Welding 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 Orbital Welding Market Size Forecast by Type
9.6.1 Gas Tungsten Arc Welding
9.6.2 Gas Metal Arc Welding
9.6.3 Flux Core Arc Welding
9.6.4 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 Orbital Welding Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Boiler Tube
9.10.3 Pharmaceutical Industry
9.10.4 Semiconductor Industry
9.10.5 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 Orbital Welding Analysis and Forecast
10.1 Introduction
10.2 Europe Orbital Welding 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 Orbital Welding Market Size Forecast by Type
10.6.1 Gas Tungsten Arc Welding
10.6.2 Gas Metal Arc Welding
10.6.3 Flux Core Arc Welding
10.6.4 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 Orbital Welding Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Boiler Tube
10.10.3 Pharmaceutical Industry
10.10.4 Semiconductor Industry
10.10.5 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 Orbital Welding Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Orbital Welding 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 Orbital Welding Market Size Forecast by Type
11.6.1 Gas Tungsten Arc Welding
11.6.2 Gas Metal Arc Welding
11.6.3 Flux Core Arc Welding
11.6.4 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 Orbital Welding Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Boiler Tube
11.10.3 Pharmaceutical Industry
11.10.4 Semiconductor Industry
11.10.5 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 Orbital Welding Analysis and Forecast
12.1 Introduction
12.2 Latin America Orbital Welding 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 Orbital Welding Market Size Forecast by Type
12.6.1 Gas Tungsten Arc Welding
12.6.2 Gas Metal Arc Welding
12.6.3 Flux Core Arc Welding
12.6.4 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 Orbital Welding Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Boiler Tube
12.10.3 Pharmaceutical Industry
12.10.4 Semiconductor Industry
12.10.5 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) Orbital Welding Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Orbital Welding 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) Orbital Welding Market Size Forecast by Type
13.6.1 Gas Tungsten Arc Welding
13.6.2 Gas Metal Arc Welding
13.6.3 Flux Core Arc Welding
13.6.4 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) Orbital Welding Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Boiler Tube
13.10.3 Pharmaceutical Industry
13.10.4 Semiconductor Industry
13.10.5 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 Orbital Welding Market: Competitive Dashboard
14.2 Global Orbital Welding Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Polysoude
14.3.2 Magnatech
14.3.3 Axxair
14.3.4 ARC MACHINES
14.3.5 High Purity Systems
14.3.6 Axenics
14.3.7 Critical Systems
14.3.8 GMCK Gallagher＆McKinney
14.3.9 Orbitalservice
