Vietnam Welding Industry - Growth, Trends, and Forecast (2018 - 2023)
The Vietnam Welding Industry trade report captures insights on consumption, production and insights on key stakeholders of the industry such as manufacturers, traders, distributors and fabricators/end users.
Welding is the most popular joining process that is extensively used across industries, such as, automotive, aerospace, medical, consumer electronics, construction, and oil & gas. The type of energy deposition is crucial to distinguish the various welding techniques. Trade between industrialized nations is gradually reducing, and many emerging markets are fighting for a market space to export their industrial products. Most of these industrial products are manufactured using welding processes. The welding industry includes equipment, consumables and services. Industrial sectors are highly dependent on welding technologies to join the manufactured products. As 11% of the construction industry's labor share is occupied by welding, the construction industry is also one of the most important industries for welding applications in the world. Over XX% of the welding processes in the world have applications in the automotive industry. However, the trend changes from region to region, as some regions, like the Middle East, are hubs for the oil & gas industry.
Specialized welding methods like hot-air laser welding machines are expected to gain popularity in the future, especially with applications in coating materials that use plastic and textile. The welding equipment market is expected to grow at a remarkable rate, as the world moves toward industrialization, owing to the growing population. However, the lack of adequate regulations and structural integrity issues of traditional welding methods are expected to restrict the market's growth. Moreover, welding applications require workforce with specialized skill sets, and the manufacturing industry is estimated to witness gaps in skilled human resource. The Vietnam welding equipment market applies to different sectors, such as residential, commercial, and industrial.
Welding Equipment Market, by Equipment Type
Vietnam Process Types and Segments covered
Vietnam Welding Equipment Market Analysis, Materials Considered
Vietnam Welding Equipment Market Analysis, by End-user Industry
Oil & Gas
Automotive, Aviation & Shipbuilding
Chemical & Mining
Key Company Players
Hong Ky Manufacturing and Trading
Viet Duc Welding Electrode Joint Stock Co
Song Ma Viet
Market overview - market analysis and identification of key drivers, restraints, and opportunities
Major trends and economic outlook
Insights on Traders and Distributors
Insiights on Fabricators and End Users
Key equipment types being used in the Vietnam market
Key large companies that by end use industry are largest users of welding services and applications