1 INTRODUCTION 21
1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET DEFINITION 21
1.2.1 INCLUSIONS 21
1.2.2 EXCLUSIONS 21
1.3 MARKET SCOPE 22
FIGURE 1 WELDING MATERIALS MARKET SEGMENTATION 22
1.3.1 YEARS CONSIDERED FOR THE STUDY 22
1.4 CURRENCY 23
1.5 STAKEHOLDERS 23
1.6 SUMMARY OF CHANGES 23

2 RESEARCH METHODOLOGY 24
2.1 RESEARCH DATA 24
2.1.1 SECONDARY DATA 24
2.1.1.1 Key data from secondary sources 24
2.1.2 PRIMARY DATA 25
2.1.2.1 Key data from primary sources 25
2.2 MARKET SIZE ESTIMATION 25
2.2.1 APPROACH 25
FIGURE 2 APPROACH (TOP-DOWN) 26
FIGURE 3 APPROACH (BOTTOM-UP) 26
2.3 DATA TRIANGULATION 27
FIGURE 4 WELDING MATERIALS MARKET: DATA TRIANGULATION 27
FIGURE 5 KEY MARKET INSIGHTS 28
FIGURE 6 LIST OF STAKEHOLDERS INVOLVED AND BREAKDOWN OF PRIMARY INTERVIEWS 28
2.4 ASSUMPTIONS 29
2.5 LIMITATIONS 29

3 EXECUTIVE SUMMARY 30
FIGURE 7 ELECTRODES & FILLER MATERIALS TO BE THE LARGEST TYPE 30
FIGURE 8 ARC WELDING TO BE THE FASTEST-GROWING TECHNOLOGY 31
FIGURE 9 TRANSPORTATION END-USE INDUSTRY TO LEAD THE WELDING MATERIALS MARKET 31
FIGURE 10 APAC TO GROW AT THE HIGHEST RATE IN THE WELDING MATERIALS MARKET FROM 2020 TO 2025 32

4 PREMIUM INSIGHTS 33
4.1 APAC TO WITNESS THE HIGHEST GROWTH RATE DUE TO INCREASING CONSTRUCTION ACTIVITIES 33
FIGURE 11 INCREASING DEMAND FROM TRANSPORTATION INDUSTRY TO DRIVE THE WELDING MATERIALS MARKET 33
4.2 WELDING MATERIALS MARKET, BY REGION AND END-USE INDUSTRY, 2019 33
FIGURE 12 APAC AND ELECTRODES & FILLER MATERIALS SEGMENT ACCOUNTED FOR LARGEST SHARES 33
4.3 GLOBAL WELDING MATERIALS MARKET, BY COUNTRY 34
FIGURE 13 WELDING MATERIALS MARKET IN INDIA TO REGISTER THE HIGHEST CAGR FROM 2020 TO 2025 34

5 MARKET OVERVIEW 35
5.1 INTRODUCTION 35
5.2 MARKET DYNAMICS 35
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN WELDING MATERIALS MARKET 35
5.2.1 DRIVERS 36
5.2.1.1 Increasing demand from end-use industries 36
FIGURE 15 GLOBAL AUTOMOBILE PRODUCTION DATA, 2016-2019 36
5.2.1.2 Long-term growth in emerging markets and investments in energy infrastructure 37
FIGURE 16 GLOBAL ENERGY DEMAND 37
5.2.2 RESTRAINTS 37
5.2.2.1 Environmental impact of welding materials 37
5.2.3 OPPORTUNITIES 38
5.2.3.1 Growth prospect in developing economies 38
5.2.3.2 New and advanced applications 38
5.2.4 CHALLENGES 38
5.2.4.1 Shortage of skilled labor and high labor cost 38

6 INDUSTRY TRENDS 39
6.1 INTRODUCTION 39
6.2 VALUE CHAIN 39
FIGURE 17 WELDING MATERIALS MARKET: VALUE CHAIN 39
6.2.1 PROMINENT COMPANIES 41
6.2.2 SMALL & MEDIUM ENTERPRISES 41
6.3 PORTER'S FIVE FORCES ANALYSIS 41
FIGURE 18 WELDING MATERIALS MARKET: PORTER'S FIVE FORCES ANALYSIS 41
6.3.1 THREAT OF NEW ENTRANTS 42
6.3.2 THREAT OF SUBSTITUTES 42
6.3.3 BARGAINING POWER OF SUPPLIERS 42
6.3.4 BARGAINING POWER OF BUYERS 42
6.3.5 INTENSITY OF COMPETITIVE RIVALRY 43
6.4 IMPACT OF COVID-19 ON WELDING MATERIALS MARKET 43
6.5 INSIGHTS ON ARC WELDING AND SPOT WELDING 44
6.5.1 ARC WELDING 44
6.5.2 SPOT WELDING 47
6.5.3 TRENDS 48
6.5.3.1 Consumable trends 48
FIGURE 19 PROCESS-WISE AND PERIOD-WISE IN TERMS OF WELD METAL REQUIRED IN INDIA 48
6.5.3.2 Automation 49
6.5.3.3 New processes 49
6.5.3.4 Advanced materials 49
6.5.3.5 Micro Welding 50

7 WELDING MATERIALS MARKET, BY TECHNOLOGY 51
7.1 INTRODUCTION 52
FIGURE 20 ARC WELDING TECHNOLOGY SEGMENT TO LEAD THE MARKET THROUGHOUT THE FORECAST PERIOD 52
TABLE 1 WELDING MATERIALS MARKET SIZE, BY TECHNOLOGY,
2018-2025 (USD MILLION) 53
7.2 ARC WELDING 53
7.2.1 MOST PREFERRED TECHNOLOGY FOR WELDING PROCESS 53
7.3 RESISTANCE WELDING 53
7.3.1 GENERALLY USED FOR WELDING THINNER GAUGE METALS 53
7.4 OXY-FUEL WELDING 54
7.4.1 CAN BE USED TO WELD IN PLACES THAT DO NOT HAVE ACCESS TO ELECTRICITY 54
7.5 OTHERS 54

8 WELDING MATERIALS MARKET, BY TYPE 55
8.1 INTRODUCTION 56
FIGURE 21 FLUXES & WIRES TO BE THE FASTEST-GROWING SEGMENT THROUGHOUT THE FORECAST PERIOD 56
TABLE 2 WELDING MATERIALS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 56
8.2 ELECTRODES & FILLER MATERIALS 57
8.2.1 ECONOMICAL AND CAN BE USED ON A WIDE RANGE OF METALS 57
8.3 FLUXES & WIRES 58
8.3.1 FLUXES SHIELD THE WELD FROM THE ATMOSPHERE AND PREVENT OXIDATION 58
8.4 GASES 59
8.4.1 MAINLY USED TO PROTECT MOLTEN METALS FROM CONTAMINATION AND OXIDATION 59

9 WELDING MATERIALS MARKET, BY END-USE INDUSTRY 60
9.1 INTRODUCTION 61
FIGURE 22 TRANSPORTATION INDUSTRY TO LEAD THE MARKET THROUGHOUT THE FORECAST PERIOD 61
TABLE 3 WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY,
2018-2025 (USD MILLION) 61
9.2 TRANSPORTATION 62
9.2.1 KEY END-USE INDUSTRY OF WELDING MATERIALS 62
9.3 BUILDING & CONSTRUCTION 62
9.3.1 INCREASING CONSTRUCTION ACTIVITIES IN EMERGING ECONOMIES TO BOOST THE MARKET 62
9.4 HEAVY INDUSTRIES 62
9.4.1 WELDING IS ESSENTIAL FOR REPAIRING SHIPS, PIPELINES, AND OFFSHORE OIL PLATFORMS 62
9.5 OTHERS 63

10 WELDING MATERIALS MARKET, BY REGION 64
10.1 INTRODUCTION 65
FIGURE 23 REGIONAL SNAPSHOT: INDIA TO BE THE FASTEST-GROWING COUNTRY-LEVEL MARKET FROM 2020 TO 2025 65
TABLE 4 WELDING MATERIALS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 65
TABLE 5 WELDING MATERIALS MARKET SIZE, BY TECHNOLOGY,
2018-2025 (USD MILLION) 66
TABLE 6 WELDING MATERIALS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 66
TABLE 7 WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY,
2018-2025 (USD MILLION) 66
10.2 APAC 67
FIGURE 24 APAC: WELDING MATERIALS MARKET SNAPSHOT 67
TABLE 8 APAC: WELDING MATERIALS MARKET SIZE, BY COUNTRY,
2018-2025 (USD MILLION) 68
TABLE 9 APAC: WELDING MATERIALS MARKET SIZE, BY TECHNOLOGY,
2018-2025 (USD MILLION) 68
TABLE 10 APAC: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 68
TABLE 11 APAC: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY,
2018-2025 (USD MILLION) 68
10.2.1 CHINA 69
10.2.1.1 Largest producer and consumer of welding materials 69
TABLE 12 CHINA: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 69
TABLE 13 CHINA: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY,
2018-2025 (USD MILLION) 69
10.2.2 JAPAN 70
10.2.2.1 Market growth supported by innovations in the transportation industry 70
TABLE 14 JAPAN: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 70
TABLE 15 JAPAN: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY,
2018-2025 (USD MILLION) 70
10.2.3 INDIA 71
10.2.3.1 To be the fastest-growing market in APAC by 2025 71
TABLE 16 INDIA: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 71
TABLE 17 INDIA: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY,
2018-2025 (USD MILLION) 71
10.2.4 INDONESIA 72
10.2.4.1 Growing population to boost construction demand and the welding materials market 72
TABLE 18 INDONESIA: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 72
TABLE 19 INDONESIA: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 72
10.2.5 REST OF APAC 73
TABLE 20 REST OF APAC: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 73
TABLE 21 REST OF APAC: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 73
10.3 NORTH AMERICA 73
TABLE 22 NORTH AMERICA: WELDING MATERIALS MARKET SIZE, BY COUNTRY,
2018-2025 (USD MILLION) 74
TABLE 23 NORTH AMERICA: WELDING MATERIALS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION) 74
TABLE 24 NORTH AMERICA: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 74
TABLE 25 NORTH AMERICA: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 74
10.3.1 US 75
10.3.1.1 US to lead the welding materials market in North America by 2025 75
TABLE 26 US: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 75
TABLE 27 US: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY,
2018-2025 (USD MILLION) 75
10.3.2 CANADA 76
10.3.2.1 High usage of welding materials due to vast automobile industry 76
TABLE 28 CANADA: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 76
TABLE 29 CANADA: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 76
10.3.3 MEXICO 77
10.3.3.1 To be the fastest-growing market in North America 77
TABLE 30 MEXICO: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 77
TABLE 31 MEXICO: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 77
10.4 EUROPE 78
TABLE 32 EUROPE: WELDING MATERIALS MARKET SIZE, BY COUNTRY,
2018-2025 (USD MILLION) 78
TABLE 33 EUROPE: WELDING MATERIALS MARKET SIZE, BY TECHNOLOGY,
2018-2025 (USD MILLION) 78
TABLE 34 EUROPE: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 79
TABLE 35 EUROPE: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 79
10.4.1 GERMANY 79
10.4.1.1 To dominate the welding materials market in Europe by 2025 79
TABLE 36 GERMANY: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 80
TABLE 37 GERMANY: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 80
10.4.2 UK 80
10.4.2.1 Growth in the automotive industry to offer lucrative opportunities for the market 80
TABLE 38 UK: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 81
TABLE 39 UK: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY,
2018-2025 (USD MILLION) 81
10.4.3 FRANCE 81
10.4.3.1 Increasing foreign investments in various end-use industries to drive the welding materials market 81
TABLE 40 FRANCE: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 82
TABLE 41 FRANCE: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 82
10.4.4 RUSSIA 82
10.4.4.1 Market growth supported by the rise in public and private construction projects 82
TABLE 42 RUSSIA: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 83
TABLE 43 RUSSIA: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 83
10.4.5 ITALY 83
10.4.5.1 Market growth favored by the vast automotive industry 83
TABLE 44 ITALY: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 83
TABLE 45 ITALY: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY,
2018-2025 (USD MILLION) 84
10.4.6 NETHERLANDS 84
10.4.6.1 Growth in the manufacturing sector significantly contributes to the increase in demand for welding materials 84
TABLE 46 NETHERLANDS: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 84
TABLE 47 NETHERLANDS: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 84
10.4.7 REST OF EUROPE 85
TABLE 48 REST OF EUROPE: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 85
TABLE 49 REST OF EUROPE: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 85
10.5 MIDDLE EAST & AFRICA 85
TABLE 50 MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION) 86
TABLE 51 MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET SIZE,
BY TECHNOLOGY, 2018-2025 (USD MILLION) 86
TABLE 52 MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 86
TABLE 53 MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 86
10.5.1 SAUDI ARABIA 87
10.5.1.1 Market growth supported by increasing government investments toward public infrastructure-related projects 87
TABLE 54 SAUDI ARABIA: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 87
TABLE 55 SAUDI ARABIA: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 87
10.5.2 SOUTH AFRICA 88
10.5.2.1 Growing automotive trade to boost the market in South Africa 88
TABLE 56 SOUTH AFRICA: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 88
TABLE 57 SOUTH AFRICA: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 88
10.5.3 REST OF MIDDLE EAST & AFRICA 88
TABLE 58 REST OF MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET SIZE,
BY TYPE, 2018-2025 (USD MILLION) 89
TABLE 59 REST OF MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET SIZE,
BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 89
10.6 SOUTH AMERICA 89
TABLE 60 SOUTH AMERICA: WELDING MATERIALS MARKET SIZE, BY COUNTRY,
2018-2025 (USD MILLION) 89
TABLE 61 SOUTH AMERICA: WELDING MATERIALS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION) 90
TABLE 62 SOUTH AMERICA: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 90
TABLE 63 SOUTH AMERICA: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 90
10.6.1 BRAZIL 90
10.6.1.1 Brazil to dominate the welding materials market in South America 90
TABLE 64 BRAZIL: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 91
TABLE 65 BRAZIL: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY,
2018-2025 (USD MILLION) 91
10.6.2 ARGENTINA 91
10.6.2.1 Government focus on encouraging automotive industry is an important driving force 91
TABLE 66 ARGENTINA: WELDING MATERIALS MARKET SIZE, BY TYPE,
2018-2025 (USD MILLION) 92
TABLE 67 ARGENTINA: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 92
10.6.3 REST OF SOUTH AMERICA 92
TABLE 68 REST OF SOUTH AMERICA: WELDING MATERIALS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 92
TABLE 69 REST OF SOUTH AMERICA: WELDING MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 93

11 COMPETITIVE LANDSCAPE 94
11.1 OVERVIEW 94
11.2 COMPETITIVE SCENARIO 95
FIGURE 25 MERGER & ACQUISITION IS THE MOST FOLLOWED STRATEGY BY THE COMPANIES 95
11.2.1 MERGER & ACQUISITION 96
TABLE 70 MERGER & ACQUISITION 96
11.2.2 EXPANSION & INVESTMENT 97
TABLE 71 EXPANSION & INVESTMENT 97
11.2.3 JOINT VENTURE & AGREEMENT 98
TABLE 72 JOINT VENTURE & PARTNERSHIP 98
11.2.4 NEW PRODUCT DEVELOPMENT 99
TABLE 73 NEW PRODUCT DEVELOPMENT 99
11.3 COMPETITIVE EVALUATION MATRIX 101
11.3.1 OVERVIEW 101
11.3.2 STAR 101
11.3.3 EMERGING LEADERS 101
11.3.4 PERVASIVE 101
11.3.5 EMERGING COMPANIES 101
FIGURE 26 WELDING MATERIALS MARKET: COMPETITIVE EVALUATION MATRIX, 2020 102
11.4 STRENGTH OF PRODUCT PORTFOLIO 103
FIGURE 27 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN WELDING MATERIALS MARKET 103
11.5 BUSINESS STRATEGY EXCELLENCE 104
FIGURE 28 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN WELDING MATERIALS MARKET 104

12 COMPANY PROFILES 105
(Business Overview, Financial Assessment, Operational Assessment, Products Offered, Recent Developments, SWOT Analysis, Current Focus and Strategies, Winning Imperatives, and Right to Win)*
12.1 AIR LIQUIDE S.A. 105
FIGURE 29 AIR LIQUIDE S.A.: COMPANY SNAPSHOT 106
FIGURE 30 AIR LIQUIDE S.A.: SWOT ANALYSIS 108
12.2 AIR PRODUCTS & CHEMICALS INC. 110
FIGURE 31 AIR PRODUCTS AND CHEMICALS INC.: COMPANY SNAPSHOT 110
FIGURE 32 AIR PRODUCTS AND CHEMICALS INC.: SWOT ANALYSIS 113
12.3 COLFAX CORPORATION 115
FIGURE 33 COLFAX CORPORATION: COMPANY SNAPSHOT 115
FIGURE 34 COLFAX CORPORATION: SWOT ANALYSIS 118
12.4 ILLINOIS TOOL WORKS INC. 120
FIGURE 35 ILLINOIS TOOL WORKS INC.: COMPANY SNAPSHOT 120
FIGURE 36 ILLINOIS TOOL WORKS INC.: SWOT ANALYSIS 121
12.5 LINDE PLC 124
FIGURE 37 LINDE PLC: COMPANY SNAPSHOT 124
FIGURE 38 LINDE PLC: SWOT ANALYSIS 126
12.6 LINCOLN ELECTRIC HOLDINGS 128
FIGURE 39 LINCOLN ELECTRIC HOLDINGS: COMPANY SNAPSHOT 128
12.7 ADOR WELDING LIMITED 131
FIGURE 40 ADOR WELDING LIMITED: COMPANY SNAPSHOT 131
12.8 TIANJIN BRIDGE WELDING MATERIALS GROUP CO. LTD. 133
12.9 KOBE STEEL (KOBELCO) 135
FIGURE 41 KOBE STEEL: COMPANY SNAPSHOT 135
12.10 OTHER PLAYERS 137
12.10.1 PRECISION CASTPARTS CORP. 137
12.10.2 ROLLED ALLOYS 137
12.10.3 LAIWU JINCAI WELDING MATERIALS CO. LTD 138
12.10.4 ADVANCED TECHNOLOGIES AND MATERIALS CO. LTD. 138
12.10.5 HYUNDAI WELDING CO. LTD. 139
12.10.6 ZULFI WELDING ELECTRODES FACTORY CO. LTD. 139
12.11 WELDING MACHINE MANUFACTURERS 140
12.11.1 DENYO CO. LTD 140
12.11.2 ACRO AUTOMATION SYSTEMS INC. (US) 140
12.11.3 PANASONIC CORPORATION 141
12.11.4 ESAB 141
12.11.5 VOESTALPINE BOHLER WELDING GMBH 142
12.11.6 CARL CLOOS SCHWEISSTECHNIK GMBH 142
12.11.7 DAIHEN CORPORATION 143
12.11.8 BANNER WELDING INC 144
12.11.9 SONICS & MATERIALS, INC. 144
12.11.10 AMADA WELD TECH 145
12.11.11 FRONIUS INTERNATIONAL GMBH 145
*Details on Business Overview, Financial Assessment, Operational Assessment, Products Offered, Recent Developments, SWOT Analysis, Current Focus and Strategies, Winning Imperatives, and Right to Win might not be captured in case of unlisted companies.

13 APPENDIX 146
13.1 DISCUSSION GUIDE 146
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 149
13.3 AVAILABLE CUSTOMIZATIONS 151
13.4 RELATED REPORTS 151
13.5 AUTHOR DETAILS 152