Hungary Welding Equipment Market Analysis and Forecast 2019-2028
$2,380.00 – $4,800.00
The market is expected to grow significantly as welding equipment finds application in varied industries
The Hungary welding equipment market is expected to reach around US$ 40 Mn in 2022 and is estimated to witness a moderate growth rate of around 4.5% during the forecast period 2022-2028. Hungary has a strong automotive industry, and welding is an essential process in the manufacturing of vehicles. As a result, there is a growing demand for welding equipment in the country’s automotive industry, which is expected to drive market growth in the forthcoming years.
Moreover, the use of automation and robotics in manufacturing processes has been increasing in Hungary, and welding is no exception. As the adoption of automation and robotics continues to grow, the demand for welding equipment that is compatible with these technologies is expected to rise.
Advancements in welding technology and the growth of the Construction industry are expected to propel the growth of welding equipment
The welding industry is constantly evolving, and new technologies are being developed to improve the efficiency and effectiveness of welding processes. The adoption of these advanced welding technologies is expected to drive demand for new and upgraded welding equipment in the forthcoming years.
Also, the construction industry in Hungary is expected to grow, as it is driven by government initiatives and private investments. This growth is expected to increase the demand for welding equipment, particularly for welding applications in construction projects.
Overall, the welding equipment market in Hungary is poised for growth, driven by various factors, including the country’s strong automotive and construction industries. Moreover, the infrastructure development project and advancements in welding technology will further contribute to the growth of the market.
Budapest is expected to dominate the Hungary welding equipment market due to the presence of major industries in the region
Budapest is expected to dominate the Hungry welding equipment market as Budapest is a major industrial hub and has a significant concentration of manufacturing industries. This includes the automotive industry, which is a major consumer of welding equipment. As a result, Budapest is expected to see strong growth in demand for welding equipment in the coming years.
Regional Market Overview of Hungary Welding Equipment Market
- The Central Hungary region is home to several manufacturing industries and has a strong focus on automotive production. This is expected to drive demand for welding equipment in the region, particularly as automation and robotics are increasingly adopted in the manufacturing processes of these industries.
- Moreover, the Northern Hungary region has several heavy industries, including steel production and mining. These industries require significant amounts of welding equipment, particularly for maintenance and repair tasks. As a result, this region is expected to see strong growth in demand for welding equipment in the forthcoming years.
- Overall, the growth of the welding equipment market in Hungary is driven by various regional factors, including the concentration of manufacturing industries, the adoption of automation and robotics in manufacturing processes, and the demand for maintenance and repair tasks in heavy industries across the country.
Market Structure and Competition Landscape
The Hungary welding equipment market is fragmented in nature with a presence of small and medium-sized manufacturers and is mainly driven by imports from European countries and China. Some of the prominent players operating in the market include FANUC, Trelleborg Group, Carl CloosSchweißtechnik GmbH, ITW Welding, Fieldmann, TRAKIS Nagyk?rös Kft, EWM Group, Paton Welders, GCE Group, Migatronic A/S, INVENT WELDING KFT. (Kemppi), Paton Welders among others.
These players adopt various strategies including mergers and acquisitions, partnerships and collaborations which directly results in propelling the growth of the Hungary welding equipment market. Welding equipment providers are also focusing on developing new and advanced solutions to meet the changing technological and business trend.
- In March 2020, two new groups of welding machines have been launched by Castolin Eutectic in Europe, incorporating the latest technologies and specifically designed for ease of use and optimized welding results in the new CastoMIG and XuperArc welding equipment ranges.
- In May 2019, Novarc Technologies, a Canadian-based robotics company specializing in the design and commercialization of collaborative robots for industrial applications, announced that it will be launching demonstration units of its Spool Welding Robot (“SWR”) in the Dubai Investment Park 2 (DIP2) in Dubai, UAE, and in Buseck, Germany.
Key Market Segmentation
RationalStat has segmented the Hungary welding equipment market on the basis of equipment type, automation, technology, end user, and region.
- By Equipment Type
- Manual
- MIG/MAG Welding Machines
- Multifunction Inverter
- Electrode Inverter
- TIG Welding Machines
- Plasma Cutting Machines
- Stick Welding Machines
- Manual Metal Arc (MMA) Welding Machines
- Plasma Welding Machines
- Robotic
- Spot Welding
- Laser Welding
- GMAW (Gas Metal Arc Welding)
- GTAW (Gas Tungsten Arc Welding)
- Thin Gauge Arc Welding
- Plasma Welding
- Laser Hybrid Welding
- Manual
- By Automation
- Manual
- AC
- DC
- AC/DC
- Semi-Automatic
- AC
- DC
- AC/DC
- Automatic
- AC
- DC
- AC/DC
- Manual
- By Technology
- Arc Welding
- Resistance Spot Welding
- MIG/TIG Welding
- Oxy-fuel Welding
- Laser Beam Welding
- Others (Ultrasonic welding, etc.)
- By End User
- Automotive & Transportation
- Aerospace & Defense
- Railways
- Marine and Shipbuilding
- Power & Energy
- Oil & Gas
- Machine Manufacturing
- Buildings and Construction
- Others (Repair & Maintenance, etc.)
- By Region
- Northern Hungary
- Central Hungary
- Southern Hungary
- Western Hungary
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for welding equipment providers, key industry players, government organizations, regulatory agencies, market research firms, manufacturing companies, industrial equipment manufacturers, and other end users. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
Frequently Asked Questions (FAQs)
The Hungary welding equipment market is expected to grow at a CAGR of over 4.5% during the forecast period 2022-2028.
Northern Hungary is dominating the Hungary welding equipment market in 2022.
The Hungary welding equipment market is estimated at around US$ 40 million in 2022.
The use of welding equipment in various industries is expected to grow revenue for the Hungary welding equipment market.
Major companies operating in the Hungary welding equipment market include FANUC, Trelleborg Group, Carl CloosSchweißtechnik GmbH, ITW Welding, Fieldmann, TRAKIS Nagykőrös Kft, EWM Group, Paton Welders, GCE Group, Migatronic A/S, INVENT WELDING KFT. (Kemppi), Paton Welders among others.
| REGION | Hungary |
|---|---|
| RELEASE YEAR | 2023 |
| RESEARCH CODE | RST-SAR-136 |
| ADDITIONAL FEATURE | 24×7 Post sales support and 15% free customization |
| User License | Single User/Team License, Corporate License |
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Hungary and Regional Market in 2022
3.1.1. Market Size by Value (US$ Million) and Volume (Units)
3.1.2. Major End users/Customers for Welding Equipment in Hungary
3.1.3. Plans to Purchase Welding Equipment during 2022-2028
3.2. Growth Analysis and Market Share by Key Segments (2022 & 2028)
3.3. Analyst Insights & Recommendations
3.4. Growth Opportunities and Key Strategies
3.5. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.1.1. Hungary GDP Analysis and Forecast
6.1.1.1. Comparison with Europe, Global, and Southern Hungary Countries
6.1.1.2. Y-o-Y Analysis
6.1.2. Industrial Production in Hungary
6.1.3. Inflation
6.1.4. Industry-Value Added
6.1.4.1. Construction
6.1.4.2. Aerospace and Defense
6.1.4.3. Automotive & Transportation
6.1.4.4. General Manufacturing
6.1.4.5. Electronics and Semiconductor
6.1.4.6. Consumer Goods, Appliances, etc.
6.1.4.7. Furniture, Steel, etc.
6.1.4.8. Shipbuilding and Others
6.1.5. Oil and Gas Price
6.1.6. Currency Fluctuation
6.1.7. Regional and National Projects
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, and economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Raw Material Suppliers
6.3.2.Welding Equipment Manufacturer
6.3.3. Welding Consumables Suppliers
6.3.4. End Users
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Hungary Installed Base Analysis – Welding Equipment
7.1. Installed Base (equipment in use) in Hungary
7.1.1. By End User/Sector
7.1.2. By Region
7.1.3. By Equipment Type
8. Trade Analysis (2018-2022)
8.1. Import and Exports of Welding Equipment (Value and Volume)
8.1.1.Semi-automatic machines and apparatus for arc (including plasma-arc) welding of metals (HS851531)
8.1.2.Machines and apparatus for manual welding with covered electrodes, complete with accessories for welding (HS851539)
8.1.3.Machines and apparatus for manual welding with covered electrodes, complete with accessories for welding (HS851580)
8.1.4.Welding equipment (HS8515)
8.1.5.Machine Tools
9. Investments in Industrial Manufacturing
9.1. New Production Plants
9.2. New Technologies
10. Government Laws and Industry Regulations
10.1. Future Scenario
10.2. Strategies by Companies
10.3. New Product Developments and Key Markets
11. Hungary and Eastern European Market Dynamics
11.1. Drivers
11.2. Restraints
11.3. Trends
11.4. Opportunities
12. Production Capacity by Key Countries
13. Parent Market Overview
13.1. Regional and Hungary Machine Tools Market Analysis and Forecast
13.2. Regional and Hungary Welding Industry Market Overview and Forecast
13.3. Regional and Hungary Manufacturing Industry Overview and Outlook
14. EXIM Analysis
14.1. Import in Value (US$ Million) and Volume (‘000 Units)
14.1.1. Key Import Destinations
14.1.2. Major Importing Countries
14.2. Export in Value (US$ Million) and Volume (‘000 Units)
14.2.1. Key Export Destinations
14.2.2. Major Exporting Countries
14.3. Supply Demand Gap
15. Price Analysis
15.1. By Equipment Type
15.1.1. Manual
15.1.1.1. MIG/MAG Welding Machines
15.1.1.2. Multifunction Inverter
15.1.1.3. Electrode Inverter
15.1.1.4. TIG Welding Machines
15.1.1.5. Plasma Cutting Machines
15.1.1.6. Stick Welding Machines
15.1.1.7. Manual Metal Arc (MMA) Welding Machines
15.1.1.8. Plasma Welding Machines
15.1.2. Robotic
15.1.2.1. Spot Welding
15.1.2.2. Laser Welding
15.1.2.3. GMAW (Gas Metal Arc Welding)
15.1.2.4. GTAW (Gas Tungsten Arc Welding)
15.1.2.5. Thin Gauge Arc Welding
15.1.2.6. Plasma Welding
15.1.3. Laser Hybrid Welding
15.2. By Automation
15.2.1. Manual
15.2.1.1. AC
15.2.1.2. DC
15.2.1.3. AC/DC
15.2.2. Semi-Automatic
15.2.2.1. AC
15.2.2.2. DC
15.2.2.3. AC/DC
15.2.3. Automatic
15.2.3.1. AC
15.2.3.2. DC
15.2.3.3. AC/DC
15.3. By Technology
15.3.1. Arc Welding
15.3.2. Resistance Spot Welding
15.3.3. MIG/TIG Welding
15.3.4. Oxy-fuel Welding
15.3.5. Laser Beam Welding
15.3.6. Others (Ultrasonic welding, etc.)
15.4. By Region
15.4.1. Northern Hungary
15.4.2. Central Hungary
15.4.3. Southern Hungary
15.4.4. Western Hungary
16. Segmental Analysis
16.1. Hungary Welding Equipment Market by Equipment Type in Value (US$ Million) and Volume (‘000 Units)
16.1.1. Segment Overview
16.1.1.1. Manual
16.1.1.1.1. MIG/MAG Welding Machines
16.1.1.1.2. Multifunction Inverter
16.1.1.1.3. Electrode Inverter
16.1.1.1.4. TIG Welding Machines
16.1.1.1.5. Plasma Cutting Machines
16.1.1.1.6. Stick Welding Machines
16.1.1.1.7. Manual Metal Arc (MMA) Welding Machines
16.1.1.1.8. Plasma Welding Machines
16.1.1.2. Robotic
16.1.1.2.1. Spot Welding
16.1.1.2.2. Laser Welding
16.1.1.2.3. GMAW (Gas Metal Arc Welding)
16.1.1.2.4. GTAW (Gas Tungsten Arc Welding)
16.1.1.2.5. Thin Gauge Arc Welding
16.1.1.2.6. Plasma Welding
16.1.1.2.7. Laser Hybrid Welding
16.2. Hungary Welding Equipment Market by Automation in Value (US$ Million) and Volume (‘000 Units)
16.2.1. Segment Overview
16.2.1.1. Manual
16.2.1.1.1. AC
16.2.1.1.2. DC
16.2.1.1.3. AC/DC
16.2.1.2. Semi-Automatic
16.2.1.2.1. AC
16.2.1.2.2. DC
16.2.1.2.3. AC/DC
16.2.1.3. Automatic
16.2.1.3.1. AC
16.2.1.3.2. DC
16.2.1.3.3. AC/DC
16.3. Hungary Welding Equipment Market by Technology in Value (US$ Million) and Volume (‘000 Units)
16.3.1. Segment Overview
16.3.1.1. Arc Welding
16.3.1.2. Resistance Spot Welding
16.3.1.3. MIG/TIG Welding
16.3.1.4. Oxy-fuel Welding
16.3.1.5. Laser Beam Welding
16.3.1.6. Others (Ultrasonic welding, etc.)
16.4. Hungary Welding Equipment Market by End User in Value (US$ Million) and Volume (‘000 Units)
16.4.1. Segment Overview
16.4.1.1. Automotive & Transportation
16.4.1.2. Aerospace & Defense
16.4.1.3. Railways
16.4.1.4. Marine and Shipbuilding
16.4.1.5. Power & Energy
16.4.1.6. Oil & Gas
16.4.1.7. Machine Manufacturing
16.4.1.8. Buildings and Construction
16.4.1.9. Others (Repair & Maintenance, etc.)
16.5. Hungary Welding Equipment Market by Region in Value (US$ Million) and Volume (‘000 Units)
16.5.1. Northern Hungary
16.5.2. Central Hungary
16.5.3. Southern Hungary
16.5.4. Western Hungary
17. Regional Analysis
17.1. Northern HungaryWelding Equipment Market Analysis and Forecast 2019-2028
17.1.1. Regional Market Overview and Key Takeaways
17.1.2. Northern Hungary Welding Equipment Market by Equipment Type
17.1.3. Northern Hungary Welding Equipment Market by Automation
17.1.4. Northern Hungary Welding Equipment Market by Technology
17.1.5. Northern Hungary Welding Equipment Market by End User
17.2. Central HungaryWelding Equipment Market Analysis and Forecast 2019-2028
17.2.1. Regional Market Overview and Key Takeaways
17.2.2. Central Hungary Welding Equipment Market by Equipment Type
17.2.3. Central Hungary Welding Equipment Market by Automation
17.2.4. Central Hungary Welding Equipment Market by Technology
17.2.5. Central Hungary Welding Equipment Market by End User
17.3. Western HungaryWelding Equipment Market Analysis and Forecast 2019-2028
17.3.1. Regional Market Overview and Key Takeaways
17.3.2. Western Hungary Welding Equipment Market by Equipment Type
17.3.3. Western Hungary Welding Equipment Market by Automation
17.3.4. Western Hungary Welding Equipment Market by Technology
17.3.5. Western Hungary Welding Equipment Market by End User
17.4. Southern HungaryWelding Equipment Market Analysis and Forecast 2019-2028
17.4.1. Regional Market Overview and Key Takeaways
17.4.2. Southern Hungary Welding Equipment Market by Equipment Type
17.4.3. Southern Hungary Welding Equipment Market by Automation
17.4.4. Southern Hungary Welding Equipment Market by Technology
17.4.5. Southern Hungary Welding Equipment Market by End User
18. Product Price Analysis
Matrix analysis of prices on the basis of quotation received
18.1. Price Quotation Key Manufacturers
18.2. By Key Products
18.3. By Key Sectors
19. Stock Price Analysis and Financial Assessment
19.1. List of Companies
19.2. Ticker
19.3. Name of Traded Stock Market
19.4. Financial Health Analysis
19.5. Debt Analysis
19.6. Margin Analysis
19.7. Lenders and Bank Details
20. End Users and Customers Profile
20.1. Company Description
20.2. Type of Industry
20.3. Welding Equipment: Installed in the Firm
20.4. Plans to Buy New Equipment
20.5. Key Contact Personnel
21. Competitive Landscape
21.1. Competition Dashboard
21.1.1. Hungary and Regional Market Share Analysis
21.1.2. Market Structure
21.2. Competitive Benchmarking
21.3. Key Strategy Analysis
21.4. Company Profiles
21.4.1. FANUC
21.4.1.1. Company Overview
21.4.1.2. Production Capacity
21.4.1.3. Product/Service Offerings
21.4.1.4. Key Financials
21.4.1.5. Recent Developments
21.4.1.6. Company Type (Public-listed or Private)
21.4.2. Trelleborg Group
21.4.2.1. Company Overview
21.4.2.2. Production Capacity
21.4.2.3. Product/Service Offerings
21.4.2.4. Key Financials
21.4.2.5. Recent Developments
21.4.2.6. Company Type (Public-listed or Private)
21.4.3. Carl CloosSchweißtechnik GmbH
21.4.3.1. Company Overview
21.4.3.2. Production Capacity
21.4.3.3. Product/Service Offerings
21.4.3.4. Key Financials
21.4.3.5. Recent Developments
21.4.3.6. Company Type (Public-listed or Private)
21.4.4. ITW Welding
21.4.4.1. Company Overview
21.4.4.2. Production Capacity
21.4.4.3. Product/Service Offerings
21.4.4.4. Key Financials
21.4.4.5. Recent Developments
21.4.4.6. Company Type (Public-listed or Private)
21.4.5. Fieldmann
21.4.5.1. Company Overview
21.4.5.2. Production Capacity
21.4.5.3. Product/Service Offerings
21.4.5.4. Key Financials
21.4.5.5. Recent Developments
21.4.5.6. Company Type (Public-listed or Private)
21.4.6. TRAKIS Nagykőrös Kft
21.4.6.1. Company Overview
21.4.6.2. Production Capacity
21.4.6.3. Product/Service Offerings
21.4.6.4. Key Financials
21.4.6.5. Recent Developments
21.4.6.6. Company Type (Public-listed or Private)
21.4.7. igm robotic Systems
21.4.7.1. Company Overview
21.4.7.2. Production Capacity
21.4.7.3. Product/Service Offerings
21.4.7.4. Key Financials
21.4.7.5. Recent Developments
21.4.7.6. Company Type (Public-listed or Private)
21.4.8. EWM Group
21.4.8.1. Company Overview
21.4.8.2. Production Capacity
21.4.8.3. Product/Service Offerings
21.4.8.4. Key Financials
21.4.8.5. Recent Developments
21.4.8.6. Company Type (Public-listed or Private)
21.4.9. KUKA HUNGÁRIA Kft.
21.4.9.1. Company Overview
21.4.9.2. Production Capacity
21.4.9.3. Product/Service Offerings
21.4.9.4. Key Financials
21.4.9.5. Recent Developments
21.4.9.6. Company Type (Public-listed or Private)
21.4.10. Paton Welders
21.4.10.1.Company Overview
21.4.10.2.Production Capacity
21.4.10.3.Product/Service Offerings
21.4.10.4.Key Financials
21.4.10.5.Recent Developments
21.4.10.6.Company Type (Public-listed or Private)
21.4.11. GCE Group
21.4.11.1.Company Overview
21.4.11.2.Production Capacity
21.4.11.3.Product/Service Offerings
21.4.11.4.Key Financials
21.4.11.5.Recent Developments
21.4.11.6.Company Type (Public-listed or Private)
21.4.12. INVENT WELDING KFT. (Kemppi)
21.4.12.1.Company Overview
21.4.12.2.Production Capacity
21.4.12.3.Product/Service Offerings
21.4.12.4.Key Financials
21.4.12.5.Recent Developments
21.4.12.6.Company Type (Public-listed or Private)
21.4.13. Migatronic A/S
21.4.13.1.Company Overview
21.4.13.2.Production Capacity
21.4.13.3.Product/Service Offerings
21.4.13.4.Key Financials
21.4.13.5.Recent Developments
21.4.13.6.Company Type (Public-listed or Private)
A comprehensive analysis of companies/manufacturers/producers/suppliers/traders/distributors will be provided in the section. More than 30-35 distributors, suppliers, and traders will be provided
22. Disclaimer
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Complete Table of Contents, List of Charts and Tables
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