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Anticipated Investment in Infrastructure to Drive the Welding Market

This study deals with the major types of welding and the revenue generated by equipment manufacturers in Thailand. It provides information on key market participants, their market share, and latest projects, besides description of the drivers and restraints impacting the market in short, medium, and long terms. It also discusses important end-users that for welding systems, how they have been impacted by the events in Thailand, and how they will influence the future of the industry. With cues from such events, market revenue has been forecast till 2018. The study also provides information on various projects using welding equipment and consumables, as well as various parameters considered by users before making a purchase decision.

Key Findings
-The revenue of the total welding equipment and consumables market in Thailand was $ million in 2013 and is expected to grow at a CAGR of % between 2013 and 2018.
-The largest user of welding equipment and consumables in Thailand is the construction industry, which accounts for % of all revenue generated in the market.
-The use of iron and steel in the construction industry has a strong correlation to the performance of the welding industry, as most welding applications include working on structural and architectural requirements of a project (piping, girders, and so on).
-Arc welding, which accounts for % of the revenue generated among welding equipment and consumables, is the most widely used welding technique, as it is cheaper and can be used for a variety of applications.
-There are several small scale welding equipment manufacturers in Thailand who do not adhere to quality standards. Safety and security of personnel is also compromised in many situations. However, smaller companies price their products lower, thereby, creating opportunities in the local market.
-Consumption and investment are expected to rebound in 2015, aided by low domestic interest rates. This will also result in better international economic prospects.

Introduction to the Thai Economy

About Thailand
-Thailand is an export driven economy and the second largest (after Indonesia) in Southeast Asia. Abundance of resources such as tin, rubber, and natural gas, along with its proximity to developing Southeast Asian countries makes Thailand a preferred destination for overseas investors.
-Exports account for close to % of Thailand’s GDP and consist primarily of agricultural products, textiles, rubber, automobiles, computers, and electronic appliances.

Thailand’s Manufacturing Industry
-Manufacturing is the most important sector and accounts for more than one-third of the GDP.
-Manufacturing of electrical and electronic equipment, including appliances and computers and integrated circuits, became significant in the late twentieth century, causing a substantial rise in the per capita gross domestic product.
-Other major industries in Thailand include oil and gas, automotive, etc. Thailand is among the leading producers of automobiles in the world. The country produced close to million cars in 2012 and is expected to achieve a production ofmillion units by 2015. Australia and Indonesia are the major destinations of automotive products from Thailand.
The Prevailing Scenario
-Currently, Thailand is facing economic and political uncertainty, which has caused apprehension among investors and analysts. Moderate recovery in exports of goods could not offset falling domestic demand. In early 2014, the World Bank cut its growth forecast for Thailand from % to %. The National Economic and Social Development Board forecast that the economy would shrink in the first half of 2014. However, recovery is expected in 2015 as a result of efforts to reinvigorate the economy. Business and Investment
-Private limited companies are the most popular business set ups in Thailand. The government has formulated a few regulations that foreign investors have to adhere to while operating in Thailand.
-In order to attract investors, the Thailand Board of Investment (BOI) has classified a few industries as ‘priority activities’ which will be granted tax incentives such as exemption of import duties on machinery, 8-year corporate income tax exemption for all zones, and so on.

Table Of Contents

Analysis of the Welding Equipment and Consumables Market in Thailand
1. EXECUTIVE SUMMARY

Executive Summary
Key Findings
Market Engineering Measurements
CEO's Perspective

2. MARKET OVERVIEW

Market Overview
Introduction to the Thai Economy
Welding Equipment and Consumables Market
Market Definitions
Key Questions This Study Will Answer
Market Segmentation
Revenue Breakdown by End Users
Distribution Channels
Distribution Channels Discussion
Supply Chain Stakeholders

3. DRIVERS AND RESTRAINTS— TOTAL WELDING EQUIPMENT AND CONSUMABLES MARKET

Drivers and Restraints— Total Welding Equipment And Consumables Market
Market Drivers
Market Restraints
Restraints Explained

4. FORECAST AND TRENDS—TOTAL WELDING EQUIPMENT AND CONSUMABLES MARKET

Forecast and Trends—Total Welding Equipment and Consumables Market
Market Engineering Measurements
Forecast Assumptions
Total Welding Equipment and Consumables Market—Revenue Forecast
Total Welding Equipment and Consumables Market—Percent Revenue Forecast by Product
Revenue Forecast by Product
Revenue Forecast Discussion
Total Welding Equipment and Consumables Market—Revenue Forecast by End User
PESTLE Analysis—Total Welding Equipment and Consumables Market

5. MARKET SHARE AND COMPETITIVE ANALYSIS— TOTAL WELDING EQUIPMENT AND CONSUMABLES MARKET

Market Share and Competitive Analysis— Total Welding Equipment And Consumables Market
Market Share
Market Share Analysis
Competitive Environment
Competitive Factors and Assessment

6. CEO'S 360 DEGREE PERSPECTIVE ON TOTAL WELDING EQUIPMENT AND CONSUMABLES MARKET

CEO's 360 Degree Perspective on Total Welding Equipment and Consumables Market
CEO's 360 Degree Perspective

7. END-USER FORECAST ANALYSIS

End-user Forecast Analysis
Oil and Gas Industry—Revenue Forecast
Oil and Gas Industry—Revenue Forecast Discussion
Construction Industry—Revenue Forecast
Construction Industry—Revenue Forecast Discussion
Automotive Industry—Revenue Forecast
Automotive Industry—Revenue Forecast Discussion
Industrial Manufacturing—Revenue Forecast
Industrial Manufacturing—Revenue Forecast Discussion
Other Industries—Revenue Forecast
Other Industries—Revenue Forecast Discussion

8. ARC WELDING EQUIPMENT SEGMENT BREAKDOWN

Arc Welding Equipment Segment Breakdown
Market Engineering Measurements
Arc Welding Equipment Segment—Revenue Forecast
Arc Welding Equipment Segment—Revenue Forecast Discussion

9. RESISTANCE WELDING EQUIPMENT SEGMENT BREAKDOWN

Resistance Welding Equipment Segment Breakdown
Market Engineering Measurements
Resistance Welding Equipment Segment—Revenue Forecast
Resistance Welding Equipment Segment—Revenue Forecast Discussion

10. GAS WELDING EQUIPMENT SEGMENT BREAKDOWN

Gas Welding Equipment Segment Breakdown
Market Engineering Measurements
Gas Welding Equipment Segment—Revenue Forecast
Gas Welding Equipment Segment—Revenue Forecast Discussion

11. CONSUMABLES SEGMENT BREAKDOWN

Consumables Segment Breakdown
Market Engineering Measurements
Consumables Segment—Revenue Forecast
Consumables Segment—Revenue Forecast Discussion

12. THE LAST WORD

The Last Word
The Last Word—Three Big Predictions
Legal Disclaimer

13. APPENDIX

Appendix
Market Engineering Methodology
Partial List of Companies Interviewed
Learn More—Next Steps

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