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Thailand's Large Automotive and Industrial Production Base Propelling the Nations Welding Equipment and Consumables Market - New analysis from Frost & Sullivan, Thailand Markets for Welding Equipment and Consumables, finds that market earned revenues of €238.1 million in 2006 and estimates this to reach €450.1 million in 2013
Thailand's Large Automotive and Industrial Production Base Propelling the Nations Welding Equipment and Consumables Market

 

PRZOOM - /newswire/ - Singapore, Singapore, 2007/11/22 - New analysis from Frost & Sullivan, Thailand Markets for Welding Equipment and Consumables, finds that market earned revenues of €238.1 million in 2006 and estimates this to reach €450.1 million in 2013.

   
 
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The Thai welding market is growing at a healthy rate with significant contribution from the industrial manufacturing and automotive sectors. The automotive industry is the single largest end user of welding equipment, and the growth in this industry in Thailand will have a significant impact on welding consumption.

New analysis from Frost & Sullivan (industrialautomation.frost.com), Thailand Markets for Welding Equipment and Consumables, finds that market earned revenues of €238.1 million in 2006 and estimates this to reach €450.1 million in 2013.

As part of Thailand’s recent economic development plans, the construction sector had also witnessed high growth, simultaneously increasing the demand for welding equipment.

"Construction, which is the biggest end user sector in terms of revenue share in the Thai welding equipment and consumables market, accounted for around 31.5 percent in 2006," notes Frost & Sullivan Research Analyst Ipshita Bhattacharya. "Demand from this sector is set to increase over the forecast period, as major construction projects commence, spurred by the much anticipated Mega Projects Investment Program."

Market growth will also derive momentum from new oil discoveries at the Gulf of Thailand that will increase pipeline construction projects.

Moreover, the trend in Thailand is moving toward automation in production and this is gaining traction in the welding equipment and consumables market, especially the arc and resistance welding segments. High requirements for productivity levels will be the main driving force for the deployment of such sophisticated equipment.

Within the arc welding product segments, the metal inert gas and metal active gas (MIG/MAG) equipment sectors are likely to experience a surge in demand over the forecast period. Similarly, the growth in volume sales of arc welding equipment will increase consumption of welding consumables and likewise consumables segment is expected to grow in tandem.

However, there are several factors that restrain the progress of the market. Revenue growth can be delayed by the current political crisis and any downturn in the economy can have an adverse impact. Rising price competition amid rising raw material costs also erode supplier margins.

"The number of manufacturers and suppliers has risen considerably and the industry is currently experiencing stiff competition between renowned global producers and low-cost producers, which include domestic manufacturers as well as other Asian manufacturers, particularly from China," explains Bhattacharya. "There is, however, a trade-off between cost and quality, whereby end users with critical applications will tend to opt for higher priced and better quality welding products, and in contrast, end users with less critical applications opt for less expensive alternatives."

Participants can clearly overcome present challenges to improve their presence in this market, where opportunities abound. Thailand’s booming automotive industry holds much promise for the future as it is a highly automation-intensive user. When the industry progresses, the installed base for automated welding processes is anticipated to expand across to other industries, where productivity improvements are required.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Thailand Markets for Welding Equipment and Consumables, then send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, fax number, and email address. Upon receipt of the above information, an overview will be sent to you by email.

Thailand Markets for Welding Equipment and Consumables is part of the Industrial Automation & Process Control Growth Partnership Service program, which also includes research in the following markets: Industrial Valves and Actuators Markets, Automation and Software Markets in Malaysia, Indonesia, Vietnam, Singapore, Thailand, ANZ and SE Asia, Process Instrument Markets in SE Asia, Safety Controls and Systems Markets in SE Asia. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

About Frost & Sullivan
Frost & Sullivan, the Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth-focused culture that generates, evaluates, and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

 
 
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Thailand's Large Automotive and Industrial Production Base Propelling the Nations Welding Equipment and Consumables Market

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